UTime (FXHO) Director Bao Minfei Receives Award of 180,000 Shares

What Happened
Bao Minfei, a director of UTime Ltd (ticker FXHO), was awarded 180,000 Class A ordinary shares on July 22, 2026. The shares are reported at an acquisition price of $12.30 each, for a notional value of $2,214,000. This was an equity award (transaction code A) under UTime’s 2026 Equity Incentive Plan—not an open-market purchase or sale.

Key Details

• Transaction date and terms: July 22, 2026 — 180,000 Class A ordinary shares awarded at $12.30 per share (total value $2,214,000).
• Beneficial ownership after transaction: 200,004 Class A ordinary shares (200,000 directly beneficially owned by Bao Minfei and 4 held by Gransky Phoenix Limited, an entity wholly owned by him) [Footnote F2].
• Award description: Granted under UTime Limited’s 2026 Equity Incentive Plan [Footnote F1].
• Filing timeliness: Form 4 filed July 28, 2026 for a July 22 transaction — filed after the typical 2-business-day deadline for Form 4s (i.e., appears late).

Context
This was a compensation/award grant, commonly used for retention or incentive purposes, rather than a market purchase that might signal immediate personal bullishness. Awards increase insider exposure to the company’s stock but do not indicate whether shares will be held or sold later.