UTime (FXHO) Director Wang Yanzhi Receives 180,000-Share Award

What Happened
Wang Yanzhi, a director of UTime Ltd (ticker: FXHO), was awarded 180,000 Class A ordinary shares on July 22, 2026. The filing lists an acquisition price of $12.30 per share, giving a total reported value of $2,214,000. This transaction is an award/grant (transaction code A) — a compensation-related issuance rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-22; reported filing date: 2026-07-28 (filed late relative to the two-business-day Form 4 deadline).
• Shares awarded: 180,000 Class A ordinary shares at $12.30 per share; total value $2,214,000.
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnote: Award granted under UTime Limited's 2026 Equity Incentive Plan (per filing footnote F1).
• Transaction code: A (award/grant). No 10b5-1 plan, tax-withholding, or sale noted in the filing.

Context
Awards under equity incentive plans are typically compensation and may be subject to vesting or transfer restrictions; the filing does not state vesting or restriction details. For retail investors, awards are informative about insider compensation but are not the same signal as a direct purchase (which can be taken as a stronger positive vote of confidence) or a sale.