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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 2, 2023
WeTrade
Group Inc. |
(Exact
name of Company as specified in charter) |
Wyoming |
|
001-41450 |
|
N/A |
(State
or other jurisdiction of
incorporation
or organization) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification
Number) |
Room
101, Level 1 Building 8,
N0.18
Kechuang 10th Street,
Beijing
Economic and Technological Development Zone
Beijing
City, People
Republic of China 100020
+86-135-011-76409
(Address,
including zip code, and telephone number, including area code, of principal executive offices)
Wyoming
Registered Agent
1621
Central Ave Cheyenne,
Wyoming
82001
(Name,
address, including zip code, and telephone number, including area code, of agent for service)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company 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)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock |
|
WETG |
|
Nasdaq
Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, 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.
Item
1.02 Termination of a Material Definitive Agreement.
In
a current report on Form 8-K dated and filed on September 15, 2023, the former directors and officers (the “Former Directors and
Officers”), who are not authorized to act on behalf of WeTrade Group Inc. (the “Company”), announced that the Company
entered into certain subscription agreements with certain Regulation S investors, pursuant to which the Company agreed to issue 1,465,200
shares of the Company’s common stock in consideration for $12 million (the “Subscription Agreement dated as of September
13, 2023 “).
In
a current report on Form 8-K dated and filed on September 28, 2023, the Former Directors and Officers made an unauthorized announcement
that the Company agreed to purchase 6,000 Bitcoin at the purchase price of $30,000 per coin in connection with the Subscription Agreement
(the “Subscription Agreement dated as of September 25, 2023”).
On
October 2, 2023, the Board terminated the Subscription Agreements dated as of September 13, 2023 and the Subscription Agreement dated
as of September 25, 2023.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On
October 2, 2023, the Board of Directors of the Company appointed Ting Li as an independent director of the Board of the Company, and
Lihui Zhang as an independent director of the Board of the Company and the chair of the Audit Committee.
The
biographical information of Ms. Ting Li and Mr. Lihui Zhang are provided below:
Ms.
Ting Li, 39, previously served as the member operation manager of Didi Travel Platform and the business leader of the Li Orange Special
Car 0-1 founding team in Didi Travel Strategic Investment Department from September 2014 to Septebmer 2020. From July 2008 to Septebmer
2013, she held the role of Enterprise User Business Manager at Staples, a Fortune 500 retail company. Ms. Ting Li graduated from Renmin
University of China in 2007 and has studied user experience and been deeply rooted in the product operation industry. She is skilled
in member economy operation and new category creation, and has rich experience in product operation and practice.
Mr.
Lihui Zhang, 44, is the founder and chairman of Taiyue Capital Holding Co., Ltd. He is an expert in the investment and M&A field
of China’s medical and intelligent technology industries. With extensive investment experience in medical, real estate, and smart
technology sectors, Mr. Zhang has been involved in project financing and asset management for nearly two decades, assisting many companies
in listing on the Hong Kong and US stock exchange markets. Mr. Zhang has held executive positions in several large enterprises. From
July 2009 to February 2012, he served as Marketing Director of Lujin Real Estate Beijing Branch. From February 2012 to March 2014, he
served as Vice General Manager of Wanda Real Estate Group Northern Region. From March 2014 to February 2015, he served as General Manager
of Marketing and Director of Residential Investment and Operation Center of Hesheng Chuangzhan Group North China Region. From February
2015 to October 2017, he served as the Assistant Chairman and Vice President of the Board of Directors of Harmony Medical Holdings Limited.
From October 2017 to December 2019, he served as the Executive Director and President of Wanyu Real Estate Development Group. Mr. Lihui
Zhang founded Taiyue Capital Holding Co., Ltd in 2019 and has been serving as its chairman ever since. Mr. Lihui Zhang has received numerous
awards and social honors, including Industry Leader of the Year at the Innovation and Entrepreneurship Forum in 2023, the 28th Chinese
Merchant Innovation Figure in 2023, the “Spebery Cup” for Brand Economy Figure of the Year 2022, the “Gold Gulls Award”
for CEO of the Year 2021, the “Dual Innovation Award” for Emerging Investor of the Year 2021, and the 2018 Public Welfare
Practice Award. He graduated in 2003 from Heilongjiang University with a major in Computerized Accounting and later obtained a master’s
degree in Advanced Business Management from Peking University.
No
family relationships exist among any of the new directors or executive officers and any other directors or executive officers of the
Company. There are no related party transactions between the Company and any of its new directors or executive officers that would require
disclosure under Item 404(a) of Regulation S-K.
Item
8.01 Other Events.
On
October 2, 2023, the Company removed Hechun Wei as the sole director of WeTrade Bit Technology Ltd. (“WeTrade Bit”), a wholly
owned subsidiary of the Company. The Company elected Jianshuang Wang as the sole director of WeTrade Bit.
On
October 2, 2023, the Board of WeTrade Bit removed Hechun Wei from all and any office position held at WeTrade Bit. The Board of WeTrade
Bit then appointed Jianshuang Wang as the Chief Exeuctive Officer, Chief Financial Officer and President of WeTrade Bit.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
No. |
|
Description |
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL Document). |
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.
|
WeTrade
Group Inc. |
|
|
|
|
By: |
/s/
Lina Jiang |
|
Name:
|
Lina
Jiang |
|
Title: |
Chief
Executive Officer |
Dated:
October 10, 2023
v3.23.3
Cover
|
Oct. 02, 2023 |
Cover [Abstract] |
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|
Entity File Number |
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|
Entity Registrant Name |
WeTrade
Group Inc
|
Entity Central Index Key |
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|
Entity Incorporation, State or Country Code |
WY
|
Entity Address, Address Line One |
Room
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|
Entity Address, Address Line Two |
N0.18
Kechuang 10th Street
|
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Beijing
Economic and Technological Development Zone
|
Entity Address, City or Town |
Beijing
City
|
Entity Address, Country |
CN
|
Entity Address, Postal Zip Code |
100020
|
City Area Code |
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|
Local Phone Number |
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|
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