GMEX Robotics Corp

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

(Mark One)

FORM 20-F

OR

OR

OR

Date of event requiring this shell company report

For the transition period from __________________ to ____________________

Commission file number:001-41774

**GMEX ROBOTICS CORPORATION **

(Exact name of Registrant s specified in its charter)

British Virgin Islands

(Jurisdiction of incorporation or organization)

5 Starkie Drive

Bankstown Aerodrome, NSW 2198

Australia

+612 95245266

(Address of principal executive offices)

Chun Wai Edwin Tam

Chief Financial Officer

5 Starkie Drive

Bankstown Aerodrome, NSW 2198

Australia

Phone:+612 95245266

Email: edwin@gymdirect.com.au

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered or to be registered pursuant to Section 12(b) of the Act.

Securities registered or to be registered pursuant to Section 12(g) of the Act.

None

(Title of Class)

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act.

None

(Title of Class)

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.

361,361 class A ordinary shares, par value $0.000001 per share and 89 class B ordinary shares, par value $0.000001 per share were outstanding as of June 30, 2026. (retroactively adjusted to reflect the 1-for-9 share consolidation effected on July 2, 2026 and the 1-for-9 share consolidation effected on September 28, 2026, and thereafter the Company reduced the par value of all of our issued and unissued consolidated Class A ordinary shares, consolidated Class B ordinary shares and consolidated Class C ordinary shares from $7.2576 par value each to $0.000001 par value each).

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

☐ Yes ☒No

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

☐ Yes ☒No

Note – Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

☒Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

☒Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer, “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act.☐

† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive- based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

☐ Item 17 ☐ Item 18

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

☐ Yes☒ No

(APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

☐ Yes ☐ No

Table of Contents

i

Use of Certain Defined Terms

Unless otherwise indicated or the context requires otherwise, references in this annual report to:

● “AUD” are to Australian Dollars, the legal currency of Australia;

● “Companies Act” are to the BVI Business Companies Act 2004 (as amended), as consolidated and revised;

● “Exchange Act” are to the Securities Exchange Act of 1934, as amended;

● “FINRA” are to the Financial Industry Regulatory Authority;

● “FY2025” are to the financial year ended June 30, 2025;

● “FY2026” are to the financial year ended June 30, 2026;

● “GD” are to GD Wellness Pty Ltd, a wholly-owned operating subsidiary of KMAS, incorporated under the laws of Australia on July 22, 2005;

● “GMEX,” “the Company,” “we,” “us,” or “our” refer to GMEX ROBOTICS CORPORATION (formerly known as Fitell Corporation), a BVI business company registered under the laws of British Virgin Islands on January 7, 2026, and its consolidated subsidiaries, through which it conducts its business. We were first incorporated as an exempted company incorporated under the laws of Cayman Islands on April 11, 2022 and was continued into the British Virgin Islands as a BVI business company on January 7, 2026 from the Cayman Islands. Subsequently, we changed our company name to “GMEX ROBOTICS CORPORATION” on March 2, 2026;

● “IPO” are to the Company’s initial public offering which was consummated on August 10, 2023;

● “KMAS” are to KMAS Capital and Investment Pty Ltd, a company incorporated under the laws of Australia on July 26, 2016, a wholly-owned subsidiary of GMEX which holds all of the issued and outstanding shares of our operating subsidiary GD;

● “US$,”, “USD”, “U.S. dollars,” or “dollars” are to the legal currency of the United States;

● “SEC” are to the Securities and Exchange Commission;

● “Securities Act” are to the Securities Act of 1933, as amended;

● “Shares”, “shares,” or “Ordinary Shares” are to the class A ordinary shares and class B ordinary shares of GMEX, par value $0.000001 per share, as of June 30 2026; on July 2, 2026, we effected a 1-for-9 Share Consolidation, as a result of which the par value of class A ordinary shares and class B ordinary shares of the Company increased from $0.0896 per share to $0.8064 per share; on September 2, 2026, we created a new Class C ordinary shares of par value $0.8064 per share, where each Class C ordinary share shall have such rights and privileges as set out in the Fifth amended and restated memorandum and articles of association of the Company and immediately following the Class C creation, we effectuated a 1-for-9 share consolidation, as a result of which the par value of class A ordinary share, class B ordinary shares and Class C ordinary shares of the Company increased from $0.8064 to $7.2576; and immediately following the share consolidation, we reduced the par value of all of our issued and unissued consolidated Class A ordinary shares, consolidated Class B ordinary shares and consolidated Class C ordinary shares from $7.2576 par value each to $0.000001 par value each; and

● “SKMA”, are to a company owned by Ms. Jieting Zhao, incorporated under the laws of the British Virgin Islands.

ii

Implementation of Share Consolidations, Creation of Class C Ordinary Shares and Reduction of Par Value

On June 8, 2026, as approved and authorized by the board, the Company implemented a share consolidation of the Company of (i) its issued and unissued existing Class A ordinary shares, par value of $0.0896 per share, at a ratio of 1-for-9, with a post-share consolidation par value of $0.8064, and (ii) its issued and unissued existing Class B ordinary shares, par value of $0.0896, at a ratio of 1-for-9, with a post-share consolidation par value of $0.8064, marketplace effective on July 2, 2026 (the “July Share Consolidation”).

On September 2, 2026 as approved and authorized by the board, the Company (A) created a new Class C ordinary shares of the Company of par value $0.8064 per share; and (B) implemented a share consolidation of the Company of (i) its issued and unissued existing Class A ordinary shares, par value of $0.8064 per share, at a ratio of 1-for-9, with a post-share consolidation par value of $7.2576 (Consolidated Class A Ordinary Shares), (ii) its issued and unissued existing Class B ordinary shares, par value of $0.8064, at a ratio of 1-for-9, with a post-share consolidation par value of $7.2576 (Consolidated Class B Ordinary Shares) and (iii) its issued and unissued existing Class C ordinary shares, par value of $0.8064 per share, at a ratio of 1-for-9, with a post-share consolidation par value of $7.2576 (Consolidated Class C Ordinary Shares), marketplace effective on September 28, 2026 (the “September Share Consolidation”, together with July Share Consolidation, collectively the “Share Consolidations”). Immediately following the September Share Consolidation, we reduced the par value of all of the issued and unissued Consolidated Class A Ordinary Shares, Consolidated Class B Ordinary Shares and Consolidated Class C Ordinary Shares from US$7.2576 par value each to US$0.000001 par value each.

Although the Share Consolidations took effect on July 2, 2026 and September 28, 2026, references to our Ordinary Shares in this annual report are stated as having been retroactively adjusted and restated to give effect to the Share Consolidation, as if the Share Consolidation had occurred by the relevant earlier date. Solely for illustration purposes, as a result of the Share Consolidation, our issued and outstanding Ordinary Shares have been retroactively adjusted, where applicable, in this annual report to give effect to the Share Consolidation of our Ordinary Shares, as if it had occurred at the beginning of the earlier period presented.

Our business is and has been conducted in Australia through our Australian subsidiary GD Wellness Pty Ltd since our inception, using Australian dollars, the currency of Australia. Our financial statements are presented in United States dollars. In this annual report, we refer to assets, obligations, commitments and liabilities in our financial statements in United States dollars. These dollar references are based on the exchange rate of Australian dollars to United States dollars, determined as of a specific date or for a specific period. Changes in the exchange rate will affect the amount of our obligations and the value of our assets in terms of United States dollars which may result in an increase or decrease in the amount of our obligations (expressed in dollars) and the value of our assets.

iii

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This annual report on Form 20-F contains forward-looking statements that involve risks and uncertainties, including statements relating to our future financial performance and results, financial condition, business strategy, plans, goals and objectives, including certain projections, milestones, targets, business trends, and other statements that are not historical facts. These forward-looking statements are made under the “safe harbor” provision under Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “budget,” “target,” “aim,” “strategy,” “guidance,” “outlook,” “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “may,” “should,” “will,” “could” and similar expressions denoting uncertainty or an action that may, will or is expected to occur in the future; although, not all forward-looking statements contain these identifying words. These statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from any future results, performances or achievements expressed or implied by the forward-looking statements.

Forward-looking statements include, but are not limited to, statements concerning:

These forward-looking statements are subject to a number of risks and uncertainties, including:

While we believe these expectations, and the estimates and projections on which they are based, are reasonable and were made in good faith, the ultimate correctness of these forward-looking statements depends upon a number of known and unknown risks, uncertainties, events, and other important factors, which include, but are not limited to, the risks disclosed in “Item 3. Key Information—3D. Risk Factors” of this annual report. Any of these risk factors could cause our actual results, performance or achievements, or industry results to differ materially from those expressed or implied in our forward-looking statements. Consequently, you should not rely on any of these forward-looking statements.

The forward-looking statements speak only as of the date on which they are made, and, except as required by law, we undertake no obligation to correct, update, or revise any forward-looking statement to reflect new information, future events or circumstances, or otherwise, except to the extent required under federal securities laws, after the date on which the statement is made or to reflect the occurrence of unanticipated events. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. You are advised to consult any additional disclosures we make in our other SEC filings. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained in this annual report.