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 September 22, 2023, the new
board of directors of the Company, consisting of Zheng Dai, Xianzhi
Liu and Daxue Li, appointed Lina
Jiang as the new CEO and Xiaodong
An as the new acting CFO
The Company hereby announces that after June 30, 2023 any business contract signed by the
any of the Former Directors and Officers is invalid and null.
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.
Counterparties to any contracts with the Company or WBT that
were executed by any of the Former Directors and Officers are urged
to contact Yu Ying by email
(yuying@yueshang.co) or telephone ( +8613501176409).
About WeTrade Group Inc.
WeTrade Group Inc. is a global diversified "Software as a
Service" ("SaaS") technology service provider committed to offering
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,
engaging in the development of 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 press release contains information about the Company's
view of its future expectations, plans, and prospects, constituting
forward-looking statements. Actual results may differ materially
from historical results or those indicated by these forward-looking
statements due to various factors, including but not limited to,
risks and uncertainties associated with its ability to raise
additional funding, maintain and grow its business, variability of
operating results, enhance its brand, develop and introduce new
products and services, successfully integrate acquired companies,
technologies, and assets into its portfolio of products and
services, conduct marketing and other business development
initiatives, face competition in the industry, navigate general
government regulation, economic conditions, dependence on key
personnel, attract, hire and retain personnel with the technical
skills and experience necessary to meet clients' requirements, and
protect its intellectual property. The Company 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.
View original
content:https://www.prnewswire.com/news-releases/wetrade-group-inc--official-announcement-for-clarification-301943586.html
SOURCE WeTrade Group INC