BEIJING, Oct. 3, 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
the September 28, 2023
current report on Form 8-K filed with the SEC, purporting a change
of the Company's directors and officers, was submitted to EDGAR
without proper authorization of the Company. There were no
changes to the Board of Directors and investors should not rely on
the disclosures contained therein. The Board of Directors and
officers are still remained the same as follow: Guo Bi Ming (Chairman), Wei He Chun (CEO), Annie
Huang (CFO), Grace Li
(Director), Qin Ning (Director), Ye
Yu Xing (Director) and Li Da Xue
(Director).
On September 28, 2023, a
derivative lawsuit was filed in the
United States District Court District of Wyoming against certain officers and directors
(the"Named Defendants") of the Company by certain shareholders. The
complaint alleges that the Named Defendants were no
longer officers and directors of the Company as of June 30, 2023 and that the corporate actions
relating to certain share issuances to private placement investors
were unauthorized. A motion for temporary restraining order and
preliminary injunction (the"TRO") was filed on September 28, 2023 to temporarily restrain the
Named Defendants from acting on behalf of the Company.
The Company believes that the complaint is meritless and will
vigorously defend it.
About WeTrade Group Inc.
WeTrade Group Inc. is a global diversified "Software as a
Service" ("SaaS") technology service provider committed to
providing technical support and digital transformation tools for
enterprises across various industries. WeTrade Group consists of
four business segments: YCloud, WTPay, Y-Health, and YG. YCloud is
a micro-business cloud intelligent system launched by WeTrade,
serving the global micro-business industry. YCloud strengthens
users' marketing relationships and CPS commission profit management
through leading technology and big data analysis. It also helps
increase payment scenarios to boost customers' revenue through
multi-channel data statistics, AI fission, and management, as well
as an 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, helping
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 epidemic
detection and prevention, daily healthcare, traditional Chinese
medicines, and more. YG is the new energy business segment that
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 report includes "forward looking statements" within the
meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. These forward looking statements include any
statements regarding the Company's strategic and operational plan,
and expected financial performance. Forward looking statements
should not be read as a guarantee of future performance or results
and will not necessarily be accurate indications of the times at,
or by, which such performance or results will be achieved. Forward
looking statements are based on information available at the time
those statements are made and/or management's good faith belief as
of that time with respect to future events, and are subject to
risks and uncertainties that could cause actual performance or
results to differ materially from those expressed in or suggested
by the forward looking statements, including but not limited to
unforeseen events that may affect the performance of the Company's
business. The Company does not intend, and undertakes no duty, to
update this information to reflect future events or circumstances.
Investors are referred to the most recent reports filed with the
SEC by the Company.
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SOURCE WeTrade Group Inc