Summary by Moomoo AI
U Power Limited, also known as U Power, has filed a Form 12b-25 with the United States Securities and Exchange Commission to notify a late filing of its annual report on Form 20-F for the fiscal year ended December 31, 2023. The company cited the time constraints involved in compiling and reviewing the necessary information, as well as the need for additional time by its independent registered public accounting firm to complete the review of the financial statements, as reasons for the delay. U Power has indicated that the report will be filed within the fifteen-day extension period allowed by the SEC rules. The company has confirmed that all other periodic reports required under the relevant securities regulations have been filed and does not anticipate any significant changes in results of operations from the last fiscal year in the upcoming report. The notification was signed by Jia Li, the Chief Executive Officer of U Power, on April 30, 2024.