We intend to enter into indemnification agreements with each of our directors and officers in connection with this offering. We have been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is therefore Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, Through actual fraud or their own willful default. Our memorandum and articles of association provide for indemnification of our officers and directors for any liability incurred in their capacities as such, except Cayman Islands law does not limit the extent to which a company’s memorandum and articles of association may provide for indemnification of officersĪnd directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or theĬonsequences of committing a crime. Indemnification of Directors and Officers
UTIME LIMITED ORDINARY SHARES UPDATE
† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after Transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☒ GAAP, indicate by check mark if the registrant has elected not to use the extended If an emerging growth company that prepares its financial statements in accordance with U.S. Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.
UTIME LIMITED ORDINARY SHARES REGISTRATION
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number Of the earlier effective registration statement for the same offering. ☐ If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number Registration statement number of the earlier effective registration statement for the same offering. ☐ If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.
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