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Webus International Limited ( (WETO) ) has provided an announcement.
On February 27, 2026, Webus International Limited held an extraordinary general meeting at which shareholders approved a slate of restructuring measures. These included changing the company’s name to Wetour Robotics Limited, doubling its authorized share capital to 1 billion shares, and adopting updated constitutional documents to reflect these changes.
Investors also backed plans for the board to issue at least 5 million shares via one or more non-public offerings, providing flexibility for future capital raising. In addition, shareholders authorized a potential share consolidation at a ratio between 1-for-2 and 1-for-100, along with further amendments to the company’s memorandum and articles, positioning the issuer for possible financing transactions and capital structure adjustments.
All six resolutions passed with overwhelming majorities, underscoring strong shareholder support for management’s restructuring agenda. The voting outcomes, announced on March 2, 2026, mark a significant step in reshaping the company’s capital base and market identity, with implications for future dilution, share liquidity, and branding in the robotics sector.
More about Webus International Limited
Webus International Limited is a Cayman Islands-incorporated foreign private issuer listed in the United States, with principal executive offices in Hangzhou, China. The company operates under a holding-company structure and is now rebranding to Wetour Robotics Limited, signaling a strategic shift in corporate identity toward a robotics-focused positioning.
Average Trading Volume: 30,305
Technical Sentiment Signal: Strong Sell
Current Market Cap: $9.48M
See more data about WETO stock on TipRanks’ Stock Analysis page.