Webus International Issues Clarification on Prior Announcement Regarding Cooperation with Air China
Webus International (NASDAQ: WETO) has issued a clarification regarding its previously announced cooperation with Air China. The company revealed that the actual agreement, signed on August 19, 2025, is limited to a Preferential Cooperation Agreement between its PRC subsidiary, Zhejiang Youba Technology Co., Ltd., and Air China's Hangzhou Branch Office.
The agreement specifically covers discounted Wetour-brand chauffeur and transfer services at Hangzhou Xiaoshan International Airport, exclusively for passengers with valid Air China tickets (beginning with 999). This clarification aims to correct any misunderstandings from the previous announcement's reference to a "strategic partnership," as there is no broader cooperation with Air China beyond this specific arrangement.
Webus International (NASDAQ: WETO) ha chiarito i termini della cooperazione annunciata con Air China. La società precisa che l'intesa effettivamente sottoscritta il 19 agosto 2025 riguarda esclusivamente un Accordo di Cooperazione Preferenziale tra la sua controllata in Cina, Zhejiang Youba Technology Co., Ltd., e la Filiale di Hangzhou di Air China.
L'accordo copre nello specifico i servizi Wetour di chauffeur e transfer a tariffa scontata presso l'Aeroporto Internazionale di Hangzhou Xiaoshan, riservati esclusivamente ai passeggeri in possesso di biglietti Air China validi (con codice che inizia per 999). Questo chiarimento intende correggere eventuali fraintendimenti derivanti dal riferimento nella precedente comunicazione a una "partnership strategica", poiché non esiste una cooperazione più ampia con Air China oltre questo specifico accordo.
Webus International (NASDAQ: WETO) ha emitido una aclaración sobre la cooperación anunciada con Air China. La compañía revela que el acuerdo real, firmado el 19 de agosto de 2025, se limita a un Acuerdo de Cooperación Preferencial entre su filial en China, Zhejiang Youba Technology Co., Ltd., y la Oficina de la Sucursal de Hangzhou de Air China.
El acuerdo cubre específicamente los servicios Wetour de chófer y traslados con descuento en el Aeropuerto Internacional de Hangzhou Xiaoshan, exclusivamente para pasajeros con billetes válidos de Air China (que comienzan con 999). Esta aclaración busca corregir cualquier malentendido provocado por la mención previa de una "asociación estratégica", ya que no existe una cooperación más amplia con Air China fuera de este arreglo específico.
Webus International (NASDAQ: WETO)는 에어차이나와의 이전 발표와 관련해 설명을 내놓았습니다. 회사는 실제로 체결된 계약이 2025년 8월 19일자로, 중국 내 자회사인 Zhejiang Youba Technology Co., Ltd.와 에어차이나 항저우 지점 간의 '우대 협력 계약(Preferential Cooperation Agreement)'에 한정된 것이라고 밝혔습니다.
해당 계약은 항저우 샤오산 국제공항에서의 Wetour 브랜드의 기사 및 공항 환승 서비스 할인에만 적용되며, 에어차이나 유효 항공권(999로 시작)을 소지한 승객에게만 제공됩니다. 본 설명은 이전 공지에서의 '전략적 파트너십' 언급으로 인한 오해를 바로잡기 위한 것으로, 이 구체적 합의 외에는 에어차이나와의 광범위한 협력이 없음을 명확히 합니다.
Webus International (NASDAQ: WETO) a publié une précision concernant sa coopération précédemment annoncée avec Air China. La société indique que l'accord effectivement signé le 19 août 2025 se limite à un Accord de Coopération Préférentielle entre sa filiale chinoise Zhejiang Youba Technology Co., Ltd. et la succursale d'Air China à Hangzhou.
L'accord couvre spécifiquement les services Wetour de chauffeur et de transfert à tarif réduit à l'aéroport international de Hangzhou Xiaoshan, exclusivement pour les passagers titulaires d'un billet Air China valide (commençant par 999). Cette clarification vise à rectifier tout malentendu dû à la mention antérieure d'un « partenariat stratégique », car il n'existe pas de coopération plus large avec Air China au-delà de cet arrangement précis.
Webus International (NASDAQ: WETO) hat eine Klarstellung zu seiner zuvor angekündigten Kooperation mit Air China veröffentlicht. Das Unternehmen erklärt, dass die tatsächlich am 19. August 2025 unterzeichnete Vereinbarung auf eine Präferenz-Kooperationsvereinbarung zwischen seiner PRC-Tochter Zhejiang Youba Technology Co., Ltd. und der Hangzhou-Niederlassung von Air China beschränkt ist.
Die Vereinbarung betrifft konkret ermäßigte Wetour-Chauffeur- und Transferdienste am Flughafen Hangzhou Xiaoshan, ausschließlich für Passagiere mit gültigen Air China-Tickets (Beginn mit 999). Mit dieser Klarstellung sollen Missverständnisse aus der vorherigen Erwähnung einer "Strategischen Partnerschaft" ausgeräumt werden, da es über diese spezifische Regelung hinaus keine weitergehende Kooperation mit Air China gibt.
- None.
- Previous announcement potentially misled investors about the scope of Air China partnership
- Partnership is limited to only local airport transfer services in Hangzhou, not a broader strategic alliance
Insights
Webus significantly downgrades previously announced "strategic partnership" with Air China to just a limited airport service deal at one location.
This clarification represents a substantial downgrade from Webus International's earlier announcement. What was previously characterized as a "strategic partnership" with Air China is now revealed to be merely a limited arrangement for discounted chauffeur services at a single airport location - Hangzhou Xiaoshan International Airport. The cooperation is further restricted to only passengers holding specific Air China ticket numbers.
The language in this release is carefully crafted damage control. By acknowledging that prior wording "may have led to misunderstandings," the company is essentially admitting to overstatement in its previous communication. This raises questions about Webus's disclosure practices and potentially its corporate governance standards.
The timing is also noteworthy - the original announcement came on August 19, yet this clarification comes more than three weeks later. This delay in correcting potentially market-moving information is problematic from a disclosure perspective. The original announcement likely generated investor enthusiasm about expanded business opportunities that now appears unwarranted.
This type of correction suggests the company may have been attempting to leverage the Air China name and reputation for market impact beyond what the actual business arrangement justified. Investors should view this clarification as a significant negative signal regarding management's communication practices and potentially their business development capabilities.
HANGZHOU, China, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Webus International Limited (NASDAQ: WETO) (“Webus” or the “Company”), a leading provider of premium mobility and travel services worldwide, today issued the following clarification regarding its prior press release titled “WETO Signs Strategic Partnership with Air China.”
The Company acknowledges that the wording of its prior announcement may have led to misunderstandings and wishes to further clarify the cooperation in order to correct any confusion or inconvenience this may have caused investors or partners.
To clarify: On August 19, 2025, the Company’s wholly owned PRC subsidiary, Zhejiang Youba Technology Co., Ltd., entered into a Preferential Cooperation Agreement on Airport Pick-up/Drop-off Services for Air China Passengers with Air China’s Hangzhou Branch Office (the “Agreement”). The scope of this Agreement is limited solely to offering passengers holding valid Air China ticket numbers (beginning with 999) discounted Wetour-brand chauffeur and transfer services at Hangzhou Xiaoshan International Airport. The Company has no broader cooperation with Air China or any other branch offices beyond this specific arrangement.
References in the prior release to a “strategic partnership” were not intended to suggest a broader cooperation outside of the scope described above.
Forward-Looking Statements
This press release may contain forward-looking statements, including, among others, statements regarding the Company’s future business development plans, potential partnership opportunities, and anticipated benefits of the cooperation with Air China. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, changes in market conditions, regulatory developments, technology integration timelines, and business execution. Additional risks are discussed in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), available at www.sec.gov. The Company undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or circumstances, except as required by law. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any security or digital asset.
Investor Relations Contact:
Annabelle Li
Investor Relations – Webus International Limited
Email: ir.annabelle@webus.vip
FAQ
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