Associated tags: Software, Software as a service
Locations: USA, EUROPE, MIDDLE EAST, CENTRAL ASIA, NORTH AMERICA, SOUTH AMERICA, AUSTRALIA, PHILIPPINES, ASIA, UZBEKISTAN, CHINA, WYOMING, UNITED STATES, BEIJING, HONG KONG
On November 7, 2023, the Chancery Court issued a Temporary Restraining Order, primarily restraining the plaintiff-shareholders and their affiliates (including Zheng Dai, Pijun Liu, and Lina Jiang) from claiming to act on behalf of the Company.
Key Points:
- On November 7, 2023, the Chancery Court issued a Temporary Restraining Order, primarily restraining the plaintiff-shareholders and their affiliates (including Zheng Dai, Pijun Liu, and Lina Jiang) from claiming to act on behalf of the Company.
- On January 5, 2024, the Chancery Court further entered into a preliminary injunction order.
- The Company will take further legal action to safeguard the best interests of its shareholders, clients, and stakeholders.
- It will persistently concentrate on its core operations and strategic objectives, ensuring uninterrupted expansion and delivering substantial value to its investors.
Yuetao Haowu is a high-quality discount shopping platform for the Consumer-end (the "C-end"), which allows consumers to achieve a new model of saving money and making money through membership.
Key Points:
- Yuetao Haowu is a high-quality discount shopping platform for the Consumer-end (the "C-end"), which allows consumers to achieve a new model of saving money and making money through membership.
- Additionally, consumers can earn points during shopping and redeem them for a wide variety of products.
- The launch of the Yuetao Haowu mini program will be a major business event after the replacement of the board of directors by WeTrade.
- The new board members have rich experiences in the internet industry, mostly from Chinese internet companies such as Qunar(QUNR.US), Didi(DIDI.US),etc.
The unified platform will now be known as Yuetao Haowu APP.
Key Points:
- The unified platform will now be known as Yuetao Haowu APP.
- Additionally, consumers can earn points during shopping and redeem them for a wide variety of products.
- The upgrade of WeTrade's China business sector is an important step for WeTrade, especially following the recent change of its management team.
- The focus is to drive the Company's performance growth through the development of C-end business.
There were no changes to the Board of Directors and investors should not rely on the disclosures contained therein.
Key Points:
- 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 Company believes that the complaint is meritless and will vigorously defend it.
BEIJING, Oct. 3, 2023 /PRNewswire/ -- WeTrade Group Inc. ("WETG" or the "Company") (NASDAQ: WETG) today (October 3, 2023) announced that on September 28, 2023, a derivative lawsuit was filed in the United States District Court for the District of Wyoming against Biming Guo, Ning Qin, Yuxing Ye, Hechun Wei, Kean Tat Che, and Annie Huang (the "Named Defendants") by certain shareholders (the "Majority Shareholders").
Key Points:
- BEIJING, Oct. 3, 2023 /PRNewswire/ -- WeTrade Group Inc. ("WETG" or the "Company") (NASDAQ: WETG) today (October 3, 2023) announced that on September 28, 2023, a derivative lawsuit was filed in the United States District Court for the District of Wyoming against Biming Guo, Ning Qin, Yuxing Ye, Hechun Wei, Kean Tat Che, and Annie Huang (the "Named Defendants") by certain shareholders (the "Majority Shareholders").
- The Majority Shareholders, derivatively on behalf of WETG, seek a judgment from the Court confirming that the Named Defendants resigned as officers and directors of the Company as of June 30, 2023 and that the attempted private placement transactions announced after that date relating to the issuance of 105,400 WETG shares and 1,465,200 WETG shares were invalid.
- In connection with the lawsuit, the Majority Shareholders also filed a motion for a temporary restraining order and preliminary injunction (the "TRO") on September 28, 2023.
- This motion aims to restrain the Named Defendants from acting on behalf of the Company while the lawsuit is pending, and to halt both them and Globex Transfer, LLC from consummating the private placement transactions linked to the aforementioned share issuances under certain agreements.
BEIJING, Sept. 29, 2023 /PRNewswire/ -- On June 30, 2023, WeTrade Group Inc. (the "Company")(NASDAQ: WETG) received the resignation letters of directors Biming Guo, Ning Qin, Yuxin Ye, Grace Li, CEO Hechun Wei, and CFO Annie Huang (the "Former Directors and Officers").
Key Points:
- BEIJING, Sept. 29, 2023 /PRNewswire/ -- On June 30, 2023, WeTrade Group Inc. (the "Company")(NASDAQ: WETG) received the resignation letters of directors Biming Guo, Ning Qin, Yuxin Ye, Grace Li, CEO Hechun Wei, and CFO Annie Huang (the "Former Directors and Officers").
- On August 14, 2023, WeTrade Group Inc. established a wholly-owned subsidiary, WeTrade Bit Technology Limited ("WBT"), in Hong Kong.
- WBT's sole director is Hechun Wei.
- The Company hereby announces that any and all of the commercial contracts entered by WBT with Hechun Wei as the signatory have not been properly authorized and therefore invalid, null and non-binding to WBT.
Dai,
Telecommunications,
Interim,
Software as a service,
University,
Fuzhou University,
Shenyang University of Chemical Technology,
Beijing Institute of Fashion Technology,
Marketing,
Internet,
Human,
Software,
Xue Jinghua,
Chemical engineering,
University of Leeds,
Northeast Normal University,
MBA,
Research,
Finance,
Shenyang University,
Economics,
Qunar,
Nankai University,
Central University of Finance and Economics,
Investment,
China Tourism Association,
Mountaineering,
Growth,
Leisure,
Normal school,
Instant Tax Service,
Financial management,
Peking University,
Beijing University of Posts and Telecommunications,
Management,
Accounting With these changes, the Board of the Company comprises three directors: Mr. Zheng Dai, Mr. Daxue Li and Mr. Xianzhi Liu.
Key Points:
- With these changes, the Board of the Company comprises three directors: Mr. Zheng Dai, Mr. Daxue Li and Mr. Xianzhi Liu.
- Mr. Zheng Dai, 48, is the founder of the Company, co-founder of Qunar.com, and has achieved significant recognition in the field of internet marketing.
- In 2019, Mr. Dai founded the Company and served as the chairman until his resignation on December 21, 2022.
- Ms. Lina Jiang, 46, has over 20 years of work experience and has held core management positions at various companies.
BEIJING, July 14, 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 reports its financial results for fiscal year 2022, ended December 31, 2022.
Key Points:
- BEIJING, July 14, 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 reports its financial results for fiscal year 2022, ended December 31, 2022.
- Mr. Hechun Wei, Chief Executive Officer of Wetrade, commented: "2022 is a year of rapid growth for us.
- The expansion of our diversified business and the steady growth of customer base are laying a strong foundation for our long-term development.
- Ms. Annie Huang, Chief Financial Officer of Wetrade, commented: "In 2022, we mainly focused on the development of multi-sector businesses.
App store,
Software as a service,
Intelligence,
Language,
WeChat,
Google Play,
Artificial intelligence,
APP,
AI,
News,
Software,
Medical device The intelligent language generation and processing function launched this time can handle article tag excerpts, news content abstract production, text error correction, text information extraction, short text similarity filtering, etc.
Key Points:
- The intelligent language generation and processing function launched this time can handle article tag excerpts, news content abstract production, text error correction, text information extraction, short text similarity filtering, etc.
- At present, this language mode is in the trial stage.
- Interested users may follow the Tencent's WeChat official account of "WeTrade Group AI", and conduct interactive dialogu and eclick the button of Smart AI below to enter the background to test.
- The WeTrade's AI intelligent system function is still being updated, and welcome more friends to pay attention to use it.
The Reverse Stock Split is intended to more expediently enable to Company to regain compliance to achieve a minimum bid price of $1.00 per share for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Requirement").
Key Points:
- The Reverse Stock Split is intended to more expediently enable to Company to regain compliance to achieve a minimum bid price of $1.00 per share for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Requirement").
- As a result of the Reverse Stock Split, every one-for-one hundred and eighty-five (185) shares of the Company's Common Stock then issued and outstanding will automatically, and without any action of the Company or any holder thereof, be combined, converted, and changed into one (1) validly issued and non-assessable share of Common Stock.
- No fractional shares will be issued to any shareholder, and in lieu of issuing any such fractional shares, the fractional shares resulting from the Reverse Stock Split will be rounded up to the nearest whole share of Common Stock.
- Except for de minimus adjustments that resulted from the treatment of fractional shares, the Reverse Stock Split did will not have any dilutive effect on our shareholders, since each shareholder holds the same percentage of our Common Stock outstanding immediately following the Reverse Stock Split as such shareholder held immediately prior to the Reverse Stock Split.
