Wetour Robotics Limited (NASDAQ:WETO), a Physical AI infrastructure and wearable robotics company, today announced that its board of directors (the "Board") has determined that the previously authorized share consolidation, which was originally expected to become effective on June 2, 2026 at a ratio of one for ten, will not proceed at this time. In connection with this determination, the Company will concentrate its capital and operational resources on the accelerated execution of its Orchestra Physical AI operating system and edge AI commercial roadmap ahead of the inaugural Orchestra launch event scheduled for May 28, 2026 in Austin, Texas.
The shareholder authorization granted at the Company's extraordinary general meeting on February 27, 2026, which authorizes a share consolidation at a ratio within a range of not less than 1:2 and not greater than 1:100, remains in full force and effect. The Board may exercise this authorization at such time and on such terms as it considers appropriate.
"With the inaugural Orchestra launch just two days away, our conclusion is that capital and resources belong with execution — on the Physical AI operating system, the edge AI roadmap, the developer ecosystem, the partnerships," said Nan Zheng, Chief Executive Officer of Wetour Robotics. "The shareholder-approved authorization remains in place and may be exercised by the Board if and when conditions make it the right step for the Company. Right now, the right step is to deliver on Orchestra commercial execution."