Webus International's Clarification on Cooperation with Air China
HANGZHOU, China – Webus International Limited (NASDAQ: WETO) is at the forefront of providing exceptional mobility and travel services globally. Recently, the company decided to clarify its recent announcement titled “WETO Signs Strategic Partnership with Air China,” as the initial wording could have led to some misunderstandings.
Understanding the Clarification
The company recognizes that the phrasing in the earlier release may have confused investors and partners about the nature of the cooperation. To set the record straight, on August 19, 2025, its wholly owned PRC subsidiary, Zhejiang Youba Technology Co., Ltd., entered a Preferential Cooperation Agreement on Airport Pick-up/Drop-off Services for Air China Passengers with Air China’s Hangzhou Branch Office. This agreement specifically offers discounted Wetour-brand chauffeur and transfer services for passengers with confirmed Air China ticket numbers, beginning with 999, solely at Hangzhou Xiaoshan International Airport.
Scope of the Agreement
It’s essential to understand that this arrangement is limited to the dedicated services mentioned. Webus International does not have any broader agreements or partnerships with Air China or other branches that extend beyond this specific offer. This clarification is aimed at ensuring transparency and restoring trust among stakeholders.
Intent Behind the Initial Announcement
References to a “strategic partnership” were unintentional and were meant to describe the confined scope of the Agreement. In highlighting this relationship, the intention was to communicate the exclusive service offer designed for Air China travelers rather than imply a more extensive partnership framework.
Taking Responsibility
Webus International appreciates the feedback from its investors and partners regarding the previous communication. This revised clarification serves to clear any potential doubts and reaffirm the company's commitment to providing high-quality services while maintaining transparent communication.
Looking Ahead
As the travel and mobility sector evolves, Webus International is focused on pursuing innovative ways to enhance user experience and extend its offerings. The company is dedicated to exploring opportunities in emerging markets, ensuring its services meet the changing needs of travelers worldwide.
Investor Relations Contact
Should you have any inquiries regarding the recent clarifications or any ongoing discussions, please reach out to:
Annabelle Li
Investor Relations – Webus International Limited
Email: ir.annabelle@webus.vip
Frequently Asked Questions
What is the key clarification made by Webus International?
The key clarification is that the cooperation with Air China is limited to discounted services for certain passengers at Hangzhou Xiaoshan Airport.
What services are offered under the new agreement?
Webus International will provide discounted Wetour-brand chauffeur and transfer services for passengers holding valid Air China ticket numbers.
Is there a broader partnership with Air China?
No, the cooperation is specific to the services outlined in the Preferential Cooperation Agreement and does not extend beyond that.
Who can use the services offered by Webus in partnership with Air China?
Only passengers with Air China ticket numbers that begin with 999 can avail of the discounted services under this Agreement.
How can I contact Webus International for more information?
You can contact Annabelle Li, the Investor Relations representative, via email at ir.annabelle@webus.vip.
