UTime (FXHO) CEO Qiu Hengcong Receives 180,000-Share Award

What Happened Qiu Hengcong, CEO of UTime Ltd (FXHO), was awarded 180,000 Class A ordinary shares on July 22, 2026. The award is recorded at $12.30 per share, for a total reported value of $2,214,000. This was an equity grant (award/acquisition) under the company's compensation plan, not an open-market purchase or sale.

Key Details

• Transaction date: July 22, 2026.
• Transaction type/code: Award/Acquisition (A).
• Shares awarded: 180,000 Class A ordinary shares.
• Price/value: $12.30 per share; total $2,214,000.
• Filing date (Form 4): July 28, 2026 (Accession: 0001493152-26-035014) — filed six days after the transaction. This appears later than the SEC’s usual 2-business-day Form 4 deadline.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: F1 — “On July 22, 2026, the Reporting Person was awarded 180,000 Class A ordinary shares under Utime Limited's 2026 Equity Incentive Plan.”

Context This transaction is a compensation-related equity grant under UTime’s 2026 Equity Incentive Plan. Such awards are common for executives and do not necessarily reflect an immediate market buy or sell decision; they may be subject to vesting or other terms. For retail investors, outright purchases can be a stronger near-term signal of insider conviction than compensation awards, though grants do align executive incentives with shareholder outcomes.