UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


FORM 8-K


CURRENT REPORT


Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):

October 27, 2015


Weyland Tech Inc.

 (Exact name of registrant as specified in its charter)



Delaware

000-51815

46-5057897

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)


9/F, The Wellington

198 Wellington Street, Central

Hong Kong HKSAR

(Address, including zip code, of principal executive offices)


Registrant’s telephone number, including area code

+852 9316 6780


                     N/A                   

(Former name or former address, if changed since last report.)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


[   ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[   ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[   ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[   ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






ITEM 5.02  APPOINTMENT OF DIRECTORS


(a) Appointment of Directors


Effective October 27, 2015 the following individuals were appointed as a new members of our board of directors (“New Directors”):


Name

Age

Position

Jason Chang

44

Director


There are no existing family relationships amongst our Directors.


Jason Chang began his career in Silicon Valley and has been in the technology, product management, sales and marketing sector for over 20 years.  He has co-founded, incubated and personally invested into start-ups and led the transformation from hyper growth to exit.


Jason is now the Regional Head for National Sales in Groupon Asia, a NASDAQ listed company, where he oversees the sales, partnerships and business development for strategic accounts for Groupon.  He has been with Groupon Asia for over 3 years and is directly responsible in achieving double digit year on year revenue growth since he took over this vertical.  He was voted as the top performer and top manager, 2 years in a row at Groupon Asia.  He has also grown and led sales and marketing teams in Singapore, Malaysia, Indonesia, Taiwan and Hong Kong.


Before Groupon, Jason was in senior management roles in marketing, product management and operations for several start-ups in the advertising, media and online publishing space in Asia.  Before coming back to Asia in 2001, Jason worked with several Silicon Valley companies, most notable of which was Cybersource, where he was an early employee and involved in engineering and technical roles.  Cybersouce went IPO and was later acquired by VISA.


Jason was a pre-medical student in University of California, Berkeley, where he graduated with a Bachelor’s degree in Biology.



ITEM 7.01  REGULATION FD DISCLOSURE


On October 28, 2014, Weyland Tech Inc. issued a press release announcing it has signed a letter of intent for a strategic licensing agreement with Uklipz Social Media Inc.


A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.



ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS


(a) Financial Statements of Businesses Acquired: None

(b) Pro-Forma Financial Statements: None

(c) Exhibits:


99.1

Press Release issued October 28, 2015 by Weyland Tech  Inc.*


* This exhibit is intended to be furnished and shall not be deemed "filed” for purposes of the Securities Exchange Act of 1934, as amended.







SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



 

 

Weyland Tech Inc.

 

 

 

Dated: October 28, 2015

 

By:

/s/ Brent Y. Suen

 

 

Name:

Brent Y. Suen

 

 

Title:

President & CEO










EXHIBIT 99.1



Weyland Tech Enters Into Strategic Agreement


Hong Kong, October 28, 2015 -- Weyland Tech Inc. (OTC Markets: WEYL) ("Weyland Tech" or the "Company"), a provider of mobile business applications, announces that it has signed a letter of intent for a strategic licensing agreement with Uklipz Social Media Inc. (“Uklipz”). Uklipz has developed a proprietary video social media marketing platform.


Uklipz, www.uklipz.com, is pioneering an innovative new approach to user generated video content curation that will reinvent the way brands and people connect in a way that has not been possible until now.


“With our license agreement, we’ve taken an incredibly giant leap forward in the emerging $77 billion dollar market place”, according to Stewart Irvine, Uklipz’s  CEO, “The fusion of our combined technologies will deliver a simple and easy solution for the 8 in 10 small businesses that don't have a mobile solution or app.”


A report by Endurance International Group, states that 78% of U.S. small-business respondents said their businesses did not have a mobile solution or app and that 71% felt that having one would have a positive impact on business.


Weyland Tech will be exclusive licensee of the Uklipz platform for the Asia region and Uklipz will also be responsible for launching Weyland Tech's CreateApp platform in North America with a specific focus on Spanish speaking Small-Medium-sized-Businesses ("SMB's").


A formal agreement is expected to be signed within 45 days.


About Weyland Tech  Inc.


Weyland Tech's CreateApp platform is focused on the Asia markets. Our CreateApp platform is offered in 11 languages and enables small-medium-sized businesses ("SME's") to create a mobile application ("app") without the need of technical knowledge and background.


CreateApp can increase sales, reach more customers and promote their products and services via a simple easy to build mobile app at an affordable and cost-effective manner.


About Uklipz Social Media Inc.


Uklipz is a powerful new approach to video content curation that will reinvent the way brands engage with consumers to connect and create videos in a way that hasn’t been possible until... now.


Uklipz is the first, end-to-end solution that enables brands to curate content in real time, engage and involve consumers, while product fans get rewarded for their loyalty. Uklipz monetizes the more than 2 Billion people with smartphones around the world to become “Brand Ambassadors” for the companies, products and services they already use and love.


Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of the Company. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.


Contact:

Investor Relations

info@weyland-tech.com