GMEX Robotics Sets Share Consolidation and Par Value Reduction

SYDNEY, Australia, Sept. 23, 2026 /CourierPR/ -- GMEX Robotics Corporation is set to undergo a significant corporate restructuring, effective September 28, 2026. The company announced it will consolidate its issued and unissued Class A, Class B, and Class C ordinary shares at a ratio of 1-for-9. This consolidation, referred to as the Share Consolidation, will reduce the number of outstanding shares. As of September 17, 2026, there were 6,771,947 Class A ordinary shares and 799 Class B ordinary shares outstanding. After the Share Consolidation, the number of Class A ordinary shares will be reduced to 752,439, and the number of Class B ordinary shares will be reduced to 89, subject to any fractional adjustments.

The Share Consolidation is part of a broader capital structure optimization aimed at aligning the company’s market profile with its operational progress and future strategic plans.

In addition to the Share Consolidation, the company will reduce the par value of all its issued and unissued shares to US$0.000001 per share, effective on the same date. This reduction in par value will not affect the rights attached to each share, as stated in the company’s Memorandum and Articles of Association.

The company’s Class A ordinary shares will continue to be traded on The Nasdaq Capital Market under the symbol “GMEX” with the new CUSIP number G3514S161. The Share Consolidation and the Reduction of Par Value will apply to all classes of shares, including any outstanding warrants and other equity rights, which will be proportionately adjusted to reflect the changes.

GMEX Robotics Corporation, formerly known as Fitell Corporation, is a technology company operating at the intersection of consumer health and advanced automation. The company is expanding its mission to design and deliver AI-driven robotic solutions that prioritize genuine consumer needs. The Share Consolidation and the Reduction of Par Value are part of the company’s ongoing efforts to strengthen its equity profile and position itself for future growth and strategic initiatives.

The company’s transfer agent, Vstock Transfer LLC, will provide instructions to shareholders of record regarding the exchange of their old certificates for new ones, if they choose to do so. Shareholders who hold their shares in brokerage accounts or “street name” are not required to take any action to implement the exchange of their shares.

Forward-looking statements in this press release are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on the company’s current expectations and projections about future events and are not guarantees of future performance. The company cautions investors that actual results may differ materially from the anticipated results.