BEIJING, Feb. 1, 2023
/PRNewswire/ -- WeTrade Group Inc. ("WeTrade" or the "Company")
(NASDAQ: WETG), a global diversified "software as a service"
("SaaS") technology service provider committed to providing
technical support and digital transformation tools for enterprises
across different industries, today announced that it had
set up a branch in Xiamen,
China to focus on the development of the "Green
Planet·Renren Power Plant" project.
Under the "Green Planet·Renren Power Plant" project, WeTrade
connects the producers and lessors of off-grid new energy equipment
through technical services on a matchmaking platform provided by
WeTrade, in exchange for service commissions.
There are four companies participating in the "Green
Planet·Renren Power Plant" project, including WeTrade, FHT Future
Technology Ltd (FHTF), Fujian Super Solar Energy Technology Co.,
Ltd and Hangzhou Lvchi New Energy Co.,
Ltd. WeTrade and FHT Future Technology Ltd
(FHTF) are the initiators of the project, while FHTF
serving as the project's equipment lessee; Fujian Super Solar
Energy Technology Co., Ltd and Hangzhou Lvchi New Energy Co.,
Ltd. are the equipment manufacturers. After the user purchases the
off-grid new energy power supply equipment TS-3500 produced by the
equipment manufacturer, FHTF leases it through the platform and
they will pay the user the rent
every month. After the lease expires, the lessee will also
repurchase the equipment according to the residual value of the
equipment.
The TS-3500 is an independently operating off-grid new energy
equipment that does not rely on the power grid. At present, it is
mainly used in remote mountainous areas, areas without power,
islands, communication base stations and mining machines.
As the initiator and lessee of the "Green Planet·Renren Power
Plant" project, FHTF has abundant resources in the field
of new energy power. The company's core businesses include
construction and operation of power grid, mainly providing safe,
economic, clean and sustainable power supply to global users. In
the next five years, FHTF plans to build clean energy power plants
in Central Asia, the Middle East, Europe, North
America and South America,
with a volume of more than 100GW.
Hechun Wei, Chief Executive
Officer of the Company, commented, "New energy power generation is
clean, safe, and low cost, which is in line with the current
'two-carbon' policy, and will also become an important
industry in the global economic development. 'Green Planet·Renren Power Plant' project is the first project launched by
the company in 2023, and will also be one of the most important
projects of the company in 2023. We hope that through the
development of the new energy business, the company will further
drive its growth and create more value for shareholders! "
About WeTrade Group Inc.
WeTrade Group Inc. is a global diversified "software as a
service" ("SaaS") technology service provider which is
committed to providing technical support and digital transformation
tools for enterprises across different industries. The four
business segments of WeTrade Group are YCloud, WTPay ,Y-Health and
YG.
YCloud is a micro-business cloud intelligent system launched by
WeTrade, serving global micro-business industry. YCloud strengthens
users' marketing relationship and CPS commission profit management
through leading technology and big data analysis. It also helps
increase the payment scenarios to increase customers' revenue by
multi-channel data statistics, AI fission and management as well as
improved supply chain system.
Independently developed by the Company, WTPay supports multiple
methods of online payment and eight mainstream digital wallets in
over 100 countries to help customers quickly realize global
collection and payment business.
Y-Health is the sector focusing on public health business, which
engages in developing global business for biological health and
medical enterprises. Currently, Y-Health mainly focuses on
detection and prevention of epidemic, daily healthcare, traditional
Chinese medicines, and others.
YG is the new energy business segment which mainly provides
tools and technical support for the digital new energy industry in
the Middle East and Central Asia.
For more information, please
visit https://ir.wetg.group.
Forward-Looking Statements
This press release contains information about the Company's
view of its future expectations, plans and prospects that
constitute forward-looking statements. Actual results may
differ materially from historical results or those indicated by
these forward-looking statements as a result of a variety of
factors including, but not limited to, risks and uncertainties
associated with its ability to raise additional funding, its
ability to maintain and grow its business, variability of operating
results, its ability to maintain and enhance its brand, its
development and introduction of new products and services, the
successful integration of acquired companies, technologies and
assets into its portfolio of products and services, marketing and
other business development initiatives, competition in the
industry, general government regulation, economic conditions,
dependence on key personnel, the ability to attract, hire and
retain personnel who possess the technical skills and experience
necessary to meet the requirements of its clients, and its ability
to protect its intellectual property. The Company's encourages
you to review other factors that may affect its future results in
the Company's annual reports and in its other filings with the
Securities and Exchange Commission.
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SOURCE WeTrade Group Inc.