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DUBAI, UAE, April 1, 2026 /PRNewswire/ -- Dear investors, partners, and friends:
Today, Robo.ai officially announced the implementation of a 1-for-20 reverse stock split of its ordinary shares. As the Chief Executive Officer of the Company, I would like to take this opportunity to share candidly with you the strategic considerations behind this decision and to update you on our recent core business progress.
Strategic Restructuring: Optimizing Capital Structure and Reducing Net Debt This reverse stock split is a key component of the Company's proactive strategy to drive value realization. Currently, the Company's share price performance does not adequately reflect the preliminary results of our artificial intelligence transition and international expansion. Our genuine objective in implementing this reverse stock split is to eliminate compliance-related market noise, enabling the market to refocus on the Company's core fundamentals and business substance. Through this capital structure optimization, Robo.ai aims to enter the screening radar of mainstream global institutional investors and enhance the long-term liquidity and market position of our shares. To maximize the protection of existing shareholders' interests, fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share. Furthermore, through recent corporate restructuring and the spin-off of debt-bearing subsidiaries, we are effectively reducing the Company's net debt levels, thereby establishing a solid capital platform for future business expansion and potential merger and acquisition initiatives.
Confronting Challenges: External Volatility Does Not Alter Steady Operational Resilience Although the recent complexities in international geopolitical dynamics and macroeconomic fluctuations have presented unforeseen impacts on the secondary market, Robo.ai's overall operations remain highly stable. Our global team has demonstrated strong operational resilience in navigating counter-cyclical environments, converting external pressures into internal execution momentum. At present, the Company has achieved tangible progress across key business lines, including data services, hardware distribution, and strategic restructuring, preliminarily forming a commercial closed loop to support future development.
Business Highlights: Multi-Threaded Progress and Phased Implementation of Commercial Closed Loop In the foundational artificial intelligence data services sector, our joint venture operations with DaBoss have expanded across multiple regions and established a preliminary business model. Building upon a secured order of 30,000 hours of data, the initial batch of data was officially delivered on February 26. This business currently focuses primarily on providing artificial intelligence training data support and data services related to smart devices and robotics. As a foundational capability within the artificial intelligence industry chain, our data business is continuously advancing cooperation with potential clients to provide solid support for the Company's future multi-business synergies. In terms of physical commercial operations, Robo.ai will expand its sales network coverage and sales revenue through the ongoing acquisition of a controlling stake in ChinaSky. ChinaSky has steadily conducted automobile sales operations in overseas markets and continues to advance its channel and network construction. This segment has generated actual sales and established a stable commercial operational foundation, and is expected to contribute tangible revenue and cash flow to the Company. This not only enhances the Company's counter-cyclical capabilities under the current macroeconomic environment but also provides concrete financial support for overall business expansion. ChinaSky also plans to share its first-quarter performance in the near future.
Investment and Ecosystem: Participating in Jidu Pre-Restructuring to Introduce Smart Vehicle Systems and Deepening Middle East Government-Enterprise Cooperation
Regarding strategic investments and ecosystem partnerships, relevant advancement efforts are proceeding in an orderly manner. The Company previously registered on December 19 of last year to participate in the pre-restructuring of Shanghai Jidu Automobile Co., Ltd., and its first creditors' meeting was subsequently successfully convened on January 12 of this year. The core objective of participating in this restructuring project is to introduce a well-regarded smart electric vehicle product platform, strengthen the Company's capabilities in the smart mobility sector, and promote the deployment of related products in overseas markets. Concurrently, Robo.ai is actively advancing discussions with relevant government entities and partners in the Middle East region, covering areas such as smart mobility, unmanned systems, smart logistics, and city-level applications. Such cooperation aims to translate policy support into specific scenario implementations and potential commercial orders, and is currently progressing steadily according to our established directions.
Future Outlook: Financial Transparency and Continuous Communication At present, our audit and finance teams are fully engaged in preparing the annual financial report for the 2025 fiscal year. We expect to formally issue the relevant earnings announcement within the next month to disclose the Company's financial performance to the market. The phased progress we have achieved across our various business lines will also be communicated to you in accordance with compliance disclosure. Thank you for your continued trust and support for Robo.ai during these complex and dynamic market conditions. We will continue to drive the comprehensive realization of long-term value through steadfast execution and consistent performance.
About Robo.ai Inc.
Robo.ai Inc. (NASDAQ: AIIO) is a technology company dedicated to building a leading global artificial intelligence machine economy platform. Its mission is to integrate "AI Software, Intelligent Hardware, and Smart Assets" to construct a unified AI operating system and an ecosystem empowered by blockchain, pioneering an intelligent future.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those anticipated; for further details, please refer to the Company's filings with the U.S. Securities and Exchange Commission.
DUBAI, UAE, April 1, 2026 /PRNewswire/ -- Dear investors, partners, and friends:
Today, Robo.ai officially announced the implementation of a 1-for-20 reverse stock split of its ordinary shares. As the Chief Executive Officer of the Company, I would like to take this opportunity to share candidly with you the strategic considerations behind this decision and to update you on our recent core business progress.
Strategic Restructuring: Optimizing Capital Structure and Reducing Net Debt This reverse stock split is a key component of the Company's proactive strategy to drive value realization. Currently, the Company's share price performance does not adequately reflect the preliminary results of our artificial intelligence transition and international expansion. Our genuine objective in implementing this reverse stock split is to eliminate compliance-related market noise, enabling the market to refocus on the Company's core fundamentals and business substance. Through this capital structure optimization, Robo.ai aims to enter the screening radar of mainstream global institutional investors and enhance the long-term liquidity and market position of our shares. To maximize the protection of existing shareholders' interests, fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share. Furthermore, through recent corporate restructuring and the spin-off of debt-bearing subsidiaries, we are effectively reducing the Company's net debt levels, thereby establishing a solid capital platform for future business expansion and potential merger and acquisition initiatives.
Confronting Challenges: External Volatility Does Not Alter Steady Operational Resilience Although the recent complexities in international geopolitical dynamics and macroeconomic fluctuations have presented unforeseen impacts on the secondary market, Robo.ai's overall operations remain highly stable. Our global team has demonstrated strong operational resilience in navigating counter-cyclical environments, converting external pressures into internal execution momentum. At present, the Company has achieved tangible progress across key business lines, including data services, hardware distribution, and strategic restructuring, preliminarily forming a commercial closed loop to support future development.
Business Highlights: Multi-Threaded Progress and Phased Implementation of Commercial Closed Loop In the foundational artificial intelligence data services sector, our joint venture operations with DaBoss have expanded across multiple regions and established a preliminary business model. Building upon a secured order of 30,000 hours of data, the initial batch of data was officially delivered on February 26. This business currently focuses primarily on providing artificial intelligence training data support and data services related to smart devices and robotics. As a foundational capability within the artificial intelligence industry chain, our data business is continuously advancing cooperation with potential clients to provide solid support for the Company's future multi-business synergies. In terms of physical commercial operations, Robo.ai will expand its sales network coverage and sales revenue through the ongoing acquisition of a controlling stake in ChinaSky. ChinaSky has steadily conducted automobile sales operations in overseas markets and continues to advance its channel and network construction. This segment has generated actual sales and established a stable commercial operational foundation, and is expected to contribute tangible revenue and cash flow to the Company. This not only enhances the Company's counter-cyclical capabilities under the current macroeconomic environment but also provides concrete financial support for overall business expansion. ChinaSky also plans to share its first-quarter performance in the near future.
Investment and Ecosystem: Participating in Jidu Pre-Restructuring to Introduce Smart Vehicle Systems and Deepening Middle East Government-Enterprise Cooperation
Regarding strategic investments and ecosystem partnerships, relevant advancement efforts are proceeding in an orderly manner. The Company previously registered on December 19 of last year to participate in the pre-restructuring of Shanghai Jidu Automobile Co., Ltd., and its first creditors' meeting was subsequently successfully convened on January 12 of this year. The core objective of participating in this restructuring project is to introduce a well-regarded smart electric vehicle product platform, strengthen the Company's capabilities in the smart mobility sector, and promote the deployment of related products in overseas markets. Concurrently, Robo.ai is actively advancing discussions with relevant government entities and partners in the Middle East region, covering areas such as smart mobility, unmanned systems, smart logistics, and city-level applications. Such cooperation aims to translate policy support into specific scenario implementations and potential commercial orders, and is currently progressing steadily according to our established directions.
Future Outlook: Financial Transparency and Continuous Communication At present, our audit and finance teams are fully engaged in preparing the annual financial report for the 2025 fiscal year. We expect to formally issue the relevant earnings announcement within the next month to disclose the Company's financial performance to the market. The phased progress we have achieved across our various business lines will also be communicated to you in accordance with compliance disclosure. Thank you for your continued trust and support for Robo.ai during these complex and dynamic market conditions. We will continue to drive the comprehensive realization of long-term value through steadfast execution and consistent performance.
About Robo.ai Inc.
Robo.ai Inc. (NASDAQ: AIIO) is a technology company dedicated to building a leading global artificial intelligence machine economy platform. Its mission is to integrate "AI Software, Intelligent Hardware, and Smart Assets" to construct a unified AI operating system and an ecosystem empowered by blockchain, pioneering an intelligent future.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those anticipated; for further details, please refer to the Company's filings with the U.S. Securities and Exchange Commission.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
A Letter to Investors from the CEO of Robo.ai: Optimizing Capital Structure and Advancing Core Businesses with Operational Resilience
KANAZAWA, Japan, April 1, 2026 /PRNewswire/ -- Kanazawa Biyori, a regional media platform rooted in Hokuriku, is committed to sharing the living culture of this region with a broader audience — not only its celebrated landmarks, but the traditions that continue to define what it means to call this city home. The Hyakumangoku Festival is the beating heart of Kanazawa: magnificent, historic, and unmistakably alive.
The Procession That Defines a City
The Hyakumangoku Festival is held each June in commemoration of Lord Maeda Toshiie's triumphant entry into Kanazawa Castle on June 14, 1583 — the moment that laid the foundation of the Kaga Domain and shaped the city as we know it today. Now in its 75th edition, the festival runs from Friday, June 5 to Sunday, June 7, 2026, transforming the center of Kanazawa into a stage for one of Japan's most spectacular civic celebrations.
At its heart is the Hyakumangoku Gyōretsu — a procession of breathtaking scale and pageantry that departs from the iconic Tsuzumimon Gate at Kanazawa Station and winds its way through the city to Kanazawa Castle Park. On Saturday, June 6, from 2:00 to 6:00 p.m., the streets of Kanazawa belong entirely to history brought to life.
This Year's Highlight: Where Living Tradition Meets National Drama
The defining draw of this year's festival is a convergence that happens once in a generation. Lord Maeda Toshiie will be portrayed by Daito Shunsuke, and his consort Omatsu-no-Kata by Sugai Yuka — both currently starring as Toshiie and Matsu in Toyotomi Kyodai!, the 2026 NHK Taiga Drama.
For those unfamiliar with the format: the NHK Taiga Drama is Japan's most prestigious historical drama series, broadcast annually by the national public broadcaster since 1963. In Japan, historical figures are often remembered — and reimagined — through the lens of whoever portrayed them in a given year's Taiga. To see these actors step from the screen into the streets of Kanazawa, embodying the very figures who built this city, is an experience with few parallels.
A Procession of Power and Craft
The Gyōretsu is more than a parade — it is a living tableau of Kaga culture in motion. Music corps perform at three points along the route, filling the streets with sound and energy. The Kaga Tobi — the storied firefighters of the Edo-period domain — take to the street four times, their acrobatic ladder performances drawing gasps from the crowd. The thunderous Kaga Shishi lion dance, a designated cultural property of Kanazawa, moves through the procession with an energy that is as ancient as it is electric.
This year, the procession once again incorporates the Kiriko float parade from Noto — a powerful gesture of solidarity with the region's ongoing recovery from the 2024 earthquake. The sight of Noto's lantern floats moving through the streets of Kanazawa carries a meaning that no words can fully capture.
Three Days of Living Culture
The festival extends well beyond the Gyōretsu. Across three days, a series of events deeply rooted in Kanazawa's cultural identity are planned. The Hyakumangoku Takigi Nō is set to bring Noh theater to life under the open sky, performed by firelight in the grounds of Kanazawa Castle Park — a hauntingly beautiful tradition. The Hyakumangoku Chakai tea ceremony will offer visitors a window into the refined world of Kaga's tea culture. And as night falls, the Hyakumangoku Odori Nagashi fills the streets with dance, open to all — no experience, no affiliation required.
An Invitation
Kanazawa Biyori shares this festival not simply as a seasonal event, but as a window into the soul of this city — a place where history is not preserved behind glass, but performed, danced, and lived each June. Whether you come to watch or to join, the Hyakumangoku Festival is Kanazawa at its fullest.
- Information The 75th Hyakumangoku Festival
Dates: Friday, June 5 – Sunday, June 7, 2026 Main Event — Hyakumangoku Gyōretsu: Saturday, June 6, 2:00–6:00 p.m. Location: Central Kanazawa (departing from Tsuzumimon Gate, Kanazawa Station)
Media Contact
Kanazawa Biyori Co., Ltd.
Sunpia Izumigaoka 511, 255 Fushimishinmachi, Kanazawa, Ishikawa 920-0964, Japan
Email: info@kanazawabiyori.com
©Ishikawa Prefecture Tourism Federation
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Hyakumangoku Festival in Kanazawa: A Grand Procession Rooted in Samurai Legacy
