Dividends & Buybacks ·
Wetour Robotics Limited is seeking shareholder approval at an Extraordinary General Meeting on August 24, 2026, to…
WETOWetour Robotics Ltd
Wetour Robotics Limited is seeking shareholder approval at an Extraordinary General Meeting on August 24, 2026, to effect a 100-for-1 reverse share consolidation. This action consolidates every 100 shares of par value US$0.0001 into one share of par value US$0.01, reducing the authorized share capital from 1 billion to 10 million shares. Following the consolidation, shareholders must also approve an increase in authorized share capital from US$100,000 (10 million shares) to US$20 billion (2 trillion shares). Additionally, the company proposes adopting a second amended and restated memorandum and articles of association to reflect these changes and lower the threshold for passing ordinary written resolutions from unanimity to a majority vote. Wetour Robotics Limited operates in the robotics industry.