Wetour Robotics Ltd

Wetour Robotics Limited has entered into securities purchase agreements for a private investment in public equity (PIPE) transaction. The company will issue and sell an aggregate of 2,000,000 ordinary shares at $0.90 per share, raising gross proceeds of $1.8 million. Notably, Chairman Zheng Jiahua purchased 500,000 of these shares for $450,000. The transaction is expected to close around August 27, 2026, subject to customary conditions.

Wetour Robotics Ltd. announced an Extraordinary General Meeting (EGM) to be held on August 24, 2026, for shareholders to vote on several key proposals. These include a 100:1 share consolidation, a significant increase in the authorized share capital to US$20 billion, and the adoption of a second amended and restated memorandum and articles of association. The amendments will reflect the capital changes and revise the approval threshold for written ordinary resolutions from unanimous to a majority vote. The Board unanimously recommends voting "FOR" all proposals.

Wetour Robotics Limited announced that its Extraordinary General Meeting of Shareholders (EGM), scheduled for August 4, 2026, was called to order and subsequently adjourned indefinitely. No business was conducted at the meeting other than the approval of the adjournment. The proposals for the EGM were previously set forth in a definitive notice and proxy statement filed on July 16, 2026.

Wetour Robotics Limited announced that its U.S. subsidiary is pursuing a cooperation agreement with a company specializing in warehouse automation and logistics robotics. This proposed partnership aims to support the implementation of Wetour's multi-site Orchestra commercial project, including system integration, hardware deployment, and technical support. Management preliminarily estimates that the full project rollout could generate approximately US$5.0 million in project-level gross profit, though this is subject to definitive agreements and customer site authorizations.

Wetour Robotics Limited announced a 1-for-100 share consolidation of its ordinary shares, effective August 3, 2026. The company's shares will continue to trade on Nasdaq under the symbol "WETO" with a new CUSIP number. This action will reduce the number of outstanding shares from approximately 107.8 million to about 1.08 million, with fractional shares rounded up. All outstanding stock options, warrants, and other rights will be adjusted proportionally.

Wetour Robotics outlined its Orchestra platform, a portable AI hub and operating system for wearable robotics, which leverages the NVIDIA Jetson platform for real-time visual perception, gesture recognition, and multi-device coordination. The platform's core modules, Vision-Link and Conductor, utilize NVIDIA's edge AI computing for on-device inference. Additionally, the company announced its membership in the Qualcomm Partner Network, through which it will evaluate Qualcomm Dragonwing technologies for potential future Orchestra applications in industrial and embedded IoT environments.

Wetour Robotics Limited announced Orchestra, its new portable AI hub and operating system for wearable robotics. The platform utilizes the NVIDIA Jetson™ platform for real-time visual perception, gesture recognition, and multi-device coordination. Orchestra aims to externalize computing power from individual wearable devices, enabling them to remain lightweight while the hub handles intensive AI processing and decision-making. The company plans an open architecture approach to allow third-party hardware manufacturers to build on the platform.

Wetour Robotics Limited announced its membership in the Qualcomm Partner Network Industrial and Embedded IoT Track. This partnership grants Wetour Robotics access to Qualcomm's tools, training, and resources, enabling the evaluation of Qualcomm Dragonwing technologies for its Orchestra platform. The collaboration aims to advance Orchestra's applications in industrial robotics, smart factory operations, and embedded IoT environments.

Wetour Robotics Limited announced that its U.S. subsidiary, Wetour Travel Tech LLC, has entered into a definitive 24-month multi-site commercial agreement with an international trade and logistics company. The agreement has a potential aggregate value of up to US$20 million across up to 20 U.S. warehouse sites, with an initial US$500,000 in non-refundable committed fees for the first deployment in Pennsylvania. This framework aims to establish a repeatable site-level commercial model for its Orchestra robotics services, combining workforce enablement with data generation for training AI and robotic systems.

Wetour Robotics' U.S. subsidiary has entered into a definitive 24-month multi-site commercial agreement with an international trade and logistics company. The agreement includes US$500,000 in non-refundable committed fees for an initial Pennsylvania deployment, with potential aggregate fees of up to US$20 million if expanded across up to 20 U.S. warehouse sites. This deal establishes a repeatable commercial model for Wetour's Orchestra platform, combining workforce enablement with data generation for training physical AI and robotic systems.