Shareholders approve authorized capital increase and amended articles
Shareholders approved increasing Wetour Robotics Limited's authorized share capital from US$100,000 divided into 10,000,000 shares to US$20,000,000,000 divided into 2,000,000,000,000 shares, each with US$0.01 par value. The company also adopted its Second Amended and Restated Memorandum and Articles of Association, including a majority approval threshold for ordinary written resolutions, and filed the document with the Cayman Islands Registrar of Companies on September 9, 2026.
Key takeaways
1. Shareholders approved the authorized share capital increase by ordinary resolution at the August 24, 2026 extraordinary general meeting.
2. The increase created 1,999,990,000,000 additional shares of US$0.01 par value, bringing authorized share capital to US$20,000,000,000 divided into 2,000,000,000,000 shares.
3. Shareholders adopted the Second Amended and Restated Memorandum and Articles of Association by special resolution on August 24, 2026.
4. The amended articles require ordinary written resolutions to be signed by members representing a majority of the voting rights of all members entitled to vote, replacing the previous requirement that all such members sign.
5. The Second Amended and Restated Memorandum and Articles of Association were filed with the Cayman Islands Registrar of Companies on September 9, 2026.
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