Recent Updates — WETO
Wetour Robotics Limited filed an amended and restated memorandum and articles of association with the Cayman Islands Registrar of Companies on August 5, 2026. This filing reflects a share consolidation (reverse split) approved by shareholders in February 2026 and executed by directors on July 6, 2026. The consolidation occurred at a ratio of 100 shares to 1 share, effective August 3, 2026, and was coordinated with Nasdaq. Wetour Robotics Limited operates in the robotics industry.
Wetour Robotics Limited entered into a sales agreement with Rodman & Renshaw LLC on August 26, 2026, to conduct an at-the-market offering of its ordinary shares. The company may issue and sell shares from time to time through the agent, who will receive commissions up to 3.0% of gross proceeds plus reimbursed expenses. This offering is registered under a shelf registration statement on Form F-3. Wetour Robotics Limited operates in the robotics industry.
Wetour Robotics Limited held an Extraordinary General Meeting on August 24, 2026, where shareholders approved a share consolidation at a ratio of 100:1, effective upon the passing of the resolution. This action consolidates every 100 shares of par value US$0.0001 into one share of par value US$0.01. Additionally, the company increased its authorized share capital from US$100,000 divided into 10 million shares to US$20 billion divided into 2 trillion shares of par value US$0.01 each. The meeting also resulted in the adoption of a second amended and restated memorandum and articles of association to reflect these changes and adjust voting thresholds for written resolutions. Wetour Robotics Limited operates in the robotics industry.
Wetour Robotics Limited suspended sales of its ordinary shares and provided notice to terminate the Sales Agreement with Chaince Securities, LLC. The termination becomes effective five calendar days after August 19, 2026. Since filing a prospectus supplement on July 6, 2026, for up to $50 million in shares, the company sold 25,606,595 ordinary shares for gross proceeds of approximately $2,290,279. The company operates in the robotics industry.
On August 11, 2026, Wetour Robotics Limited entered into securities purchase agreements for a private investment in public equity transaction. The company agreed to issue and sell an aggregate of 2,000,000 ordinary shares at $0.90 per share, generating gross proceeds of $1.8 million. Of these shares, Zheng Jiahua, the Chairman of the Board, purchased 500,000 shares for $450,000. The transaction closed on or about August 27, 2026, subject to customary conditions. Wetour Robotics Limited operates in the robotics and autonomous vehicle industry.