![]() In addition, a copy of the final prospectus relating to the offering may be obtained via the SEC’s website at This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering has been made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, from Boustead Securities, LLC, via email: or by calling +1 (949) 502-4408 or standard mail at Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA. The ordinary shares are expected to begin trading on the Nasdaq Capital Market on Apunder the symbol "UTME." The offering is expected to close on April 8, 2021, subject to customary closing conditions.īoustead Securities, LLC ("Boustead"), acted as the lead underwriter for the offering, with Brilliant Norton Securities Company Limited and Fosun Hani Securities Limited serving as co-underwriters. Our prime end user groups are segmented into regions like South America, South Asia, Southeast Asia and Africa.NEW YORK, Ap- UTime Limited ("UTime" or the "Company") (Nasdaq: UTME), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally, today announced the pricing of its initial public offering of 3,750,000 shares of its ordinary shares at a price of US$4.00 per share to the public for a total of US$15 million of gross proceeds to UTime. ![]() We have two in -house brands, “UTime,” which is known as our middle to high-end label and targets middle-class consumers from emerging markets, and “Do,” as our low- to mid -end brand, is positioned to the majority of grassroots consumers and price -sensitive consumers in emerging markets. Our operations are based in China whereas most of our products are sold globally, including India, Brazil, the United States, and other emerging markets in South Asia and Africa as well as Europe. We also provide Electronics Manufacturing Services (“EMS”), including Original Equipment Manufacturer (“OEM”) and Original Design Manufacturer (“ODM”) services, for well -known brands, such as TCL Communication Technology Holdings, Ltd., a subsidiary of TCL Corporation, and Haier Electronics Group Co., Ltd., a subsidiary of Haier Group Corp. We believe we fit the needs of low -to-mid income groups of many developing countries and we believe we avoid the vicious competition from large international brands. We believe our products are comparable in quality to the large brands and are also price competitive. We primarily cover two product categories: 13 types of smartphones and 11 types of feature phones. We are mainly engaged in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronics. We are committed to providing cost -effective mobile devices to consumers globally and to helping low -income individuals from established markets, including the United States, and emerging markets, including India and countries in South Asia and Africa, have better access to updated mobile technology.
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