Form 8-K - Current report
December 15 2023 - 9:09AM
Edgar (US Regulatory)
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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): December 13,
2023
WeTrade
Group Inc.
(Exact
name of Company as specified in charter)
Wyoming |
001-41450 |
|
N/A |
(State
or other jurisdiction of |
|
(Commission
File Number) |
|
(I.R.S.
Employer |
incorporation
or organization) |
|
|
Identification Number) |
|
|
|
|
|
Room
519, 05/F Block T3
Qianhai
Premier Finance Centre Unit 2
Guiwan
Area, Nanshan District, Shenzhen, China 518000
+852-52208810
(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 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 13, 2023, Ms. Annie Huang tendered her
resignation as a Chief Financial officer of WeTrade Group Inc. (the “Company”), effective from December 13, 2023. Ms. Huang’s
resignation was not result of any disagreement with the Company’s operations, policies or procedures.
On
December 13, 2023, approved by the Board of Directors, the Nominating Committee and the Compensation Committee, Mr. Ken Tsang was appointed
as the Chief Financial Officer of the Company, effective December 13, 2023.
The biographical information of Mr. Ken Tsang is set
forth below:
Mr. Tsang is a fellow member of Association of Chartered
Certified Accountants (“ACCA”) and member of Hong Kong Institute of Certified Public Accountants (“HKICPA”) with
more than 15 years experiences in accounting, audit and assurance services with several listed and private companies operating in USA,
Hong Kong and Mainland China. He has wide variety of industries experiences, including property developer, hotel and property management,
investment companies, licensed corporations, entertainment solution companies, finance lease, factoring, general trading and manufacturing.
Mr. Tsang also has extensive experiences in the capital market work and was engaged in several transactions and initial public offering
in Hong Kong and USA. Mr. Tsang graduated with a bachelor’s degree at University of Hull, United Kingdom.
Mr. Tsang does not have a family relationship with
any director or executive officer of the Company. He has not been involved in any transaction with the Company during the past two years
that would require disclosure under Item 404(a) of Regulation S-K.
Mr. Tsang entered into an employment agreement with
the Company and agreed to receive an annual compensation of $24,000, effective December 13, 2023. 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.
(d) Exhibits.
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. |
|
|
|
|
Date: December 14, 2023 |
By: |
/s/ Dong Li Cheng |
|
|
Name: |
Li Cheng Dong |
|
|
Title: |
Chairman of Board |
|
Exhibit
10.1
WeTrade
Group Inc
Service
Contract
This
employment contract is made between WeTrade Group Inc.
(a company incorporated in Wyoming, United States of America, hereafter the “Company”) at the address of Room
519, 05/F Block T3, Qianhai Premier Finance Centre Unit 2, Guiwan Area, Nanshan District, Shenzhen, China 518000. and Ken, Tsang (Identity
Card No.) (the “CFO”) at
the address of Flat B, 38/F, Tower East, Chelsea Court, 100 Yong K Road, Tsuen Wan, Hong Kong.
The Employer and the Employee understand and agree to observe the terms of employment set out in this employment
contract. Both parties understand that this employment contract is governed by the laws of Hong Kong (collectively,
the “Legislation”).
1. | | This
services contract shall be for 24 months commencing on December
13, 2023 (day/month/year) (the “Contractual
Period”). |
2. | | The person shall
be employed by the Company as Chief Financial Officer to work under this employment contract,
and date of this employment contract shall be December 13, 2023 (day/month/year)). |
3. | | The
total monthly director remuneration shall be USD$2,000 will be effective from December 13, 2023.
All of these are payable in the equivalent amount of either in Hong Kong Dollars. Any variances
are mainly due to fluctuation of currency exchange. |
4. | | The Company shall
comply with the provisions of the Employee’ Compensation Ordinance. The Eomployee
shall be entitled to the rights, benefits and protection provided under the Employee’ Compensation
Ordinance. |
5. | | The Employee shall
and takes the full responsibility for proactively declaring and paying personal income tax
according to the requirements of the relevant tax authorities in Hong Kong. |
6. | | Either party may
terminate this employment contract under the following circumstances: |
| |
(a) Resignation of Employee. |
| | |
| | (b) Expiration
of Employee services contract. |
7. | | The Company shall
provide a copy of this Employee service contract signed by both parties to the Employee
for his/her retention. |
8. | | Any variation,
amendment, cancellation or addition to any terms of this service contract (including the
Schedule) must not extinguish or reduce any right, benefit or protection conferred upon
the Employee by this service contract, and must be duly signed by both parties, otherwise it
shall be void. The Company shall provide a copy of the amendments duly signed by both parties
to the Employee for retention. |
9. | | This
contract is governed by and shall be interpreted in accordance with Hong Kong law and the Company
and the Employee hereby submit to the non-exclusive jurisdiction of the Hong Kong courts
in connection with any matters arising hereunder. |
IN
WITNESS THEREOF, the Parties have hereby duly executed this Agreement on December 13, 2023.
Signature of Employee |
|
Signature of Company’s representative |
|
|
|
Name:
Ken, Tsang |
|
Name:
Li Cheng, Dong |
ID
No.: |
|
Post: Chairman |
Date:
December 13, 2023 |
|
Date: December 13, 2023 |
v3.23.3
Cover
|
Dec. 13, 2023 |
Entity Addresses [Line Items] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Dec. 13, 2023
|
Entity File Number |
001-41450
|
Entity Registrant Name |
WeTrade
Group Inc
|
Entity Central Index Key |
0001784970
|
Entity Tax Identification Number |
00-0000000
|
Entity Incorporation, State or Country Code |
WY
|
Entity Address, Address Line One |
Room
519, 05/F Block T3
|
Entity Address, Address Line Two |
Qianhai
Premier Finance Centre Unit 2
|
Entity Address, Address Line Three |
Guiwan
Area, Nanshan District, Shenzhen
|
Entity Address, City or Town |
1621
Central Ave Cheyenne
|
Entity Address, Country |
CN
|
Entity Address, Postal Zip Code |
518000
|
City Area Code |
852
|
Local Phone Number |
+852-52208810
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Title of 12(b) Security |
Common
Stock
|
Trading Symbol |
WETG
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
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Entity Address, State or Province |
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Entity Address, Postal Zip Code |
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