SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): December
(Exact name of Company as specified in charter)
(State or other jurisdiction of
incorporation or organization)
(Primary Standard Industrial
Classification Code Number)
Room 101, Level 1 Building 8,
N0.18 Kechuang 10th Street,
Beijing Economic and Technological Development
Beijing City, People Republic
of China 100020
(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.
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))
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
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On December 21, 2022, Mr. Zheng Dai tendered his resignation as
chairman of the board, and Mr. Pijun Liu tendered his resignation
as the chief executive officer and a director of the WeTrade Group
Inc. (the “Company”), effective December 21, 2022. Neither Mr. Dai
nor Mr. Liu’s resignation was a result of any disagreement with the
Company’s operations, policies or procedures.
On December 21, 2022, approved by the Board of Directors, the
Nominating Committee and the Compensation Committee, Mr. Hechun Wei
was appointed as the Chief Executive Officer of the Company, and
Mr. Biming Guo was appointed as the chairman of the board of the
Company, effective December 21, 2022.
The biographical information of Mr. Hechun Wei and Mr. Biming Guo
is set forth below:
Mr. Hechun Wei served as executive director and general manager for
Shanghai Dazhiruoyu Informational Technology Limited since June
2021 and for Dazhiruoyu Information Technology (Hainan) Limited
since September 30, 2022, where he was responsible for business
strategies and development of China commerce retail business,
digital media and entertainment business. He was also the chief
operation officer of Nova Group Limited (HKEX 1360), a cultural
entertainment and exhibition investment company, from January 2019
to September 2022, where he was responsible for daily business
operations of the company and capital market matters. From March
2018 to October 2018, he served as the general counsel to CNI
Securities Group (China), where he was responsible for expanding
the company business to inland China and providing legal services.
From April 2014 to March 2018, Mr. Wei was the general manager of
Shanghai Jinyi Cultural Communication Limited, in charge of the
company’s daily operation. Ms. Huang graduated with a bachelor’s
degree in Law major at Anhui University.
Mr. Biming Guo has served as a director for the company since April
2021, and has over 25 years of experience as a CPA in M&A,
investment and finance. Mr. Guo now serves as the
Accountant-in-Chief and Legal Representative at Jinchengfeng
(Xiamen) CPA, an accounting firm in China, where he manages a team
of 20 people, focusing on various NEEQ and IPO projects, as well as
internal control and tax management counseling. Between April 2016
and April 2018, Mr. Guo was a Senior Auditor at Zhongxincai
Guanghua CPA LLP in Beijing, China, where he spearheaded various
NEEQ, IPO, internal control and tax management counseling projects.
Between July 2014 and March 2016, Mr. Guo was a Project Manager at
Founder Securities Co., Ltd, where he served as a financial
consultant, responsible for analyzing and performing due diligence
on various major assets in underwriting, restructuring, and M&A
projects. Mr. Guo started his career in 1996 at Ji’an Developmental
Bank, where he served for over a decade in credit risk management.
Mr. Guo graduated from Nanchang University in China with a
bachelor’s degree. He has been a CPA since 2004, a Certified Tax
Agent since 2005, and a licensed attorney since 2010.
Neither Mr. Guo nor Mr. Wei has a family relationship with any
director or executive officer of the Company. They have not been
involved in any transaction with the Company during the past two
years that would require disclosure under Item 404(a) of Regulation
Mr. Guo’s annual compensation remains unchanged from his
compensation as a director of the Company. Mr. Wei entered into an
employment agreement with the Company and agreed to receive an
annual compensation of $24,000, effective December 21, 2022.
The employment agreement is qualified in its entirety by
reference to the complete text of the agreement, which is filed
hereto as Exhibits 10.1.
Item 9.01 Financial Statements and Exhibits.
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.
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