BEIJING, Jan. 26,
2024 /PRNewswire/ -- WeTrade Group Inc.
("WeTrade" or the "Company") (NASDAQ:WETG), a "software as a service" ("SaaS")
technology service provider and digital assets holding company,
issued a statement regarding the
litigation initiated by individuals claiming to be shareholders
associated with Zheng Dai and Pijun
Liu in the Chancery Court of the State of
Wyoming ("Chancery Court").
Temporary Restraining Order Restraining
Plaintiff-Shareholders
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.
Preliminary Injunction Order Restraining Plaintiff-
Shareholders
On January 5, 2024, the Chancery
Court further entered into a preliminary injunction order.
Specifically, the plaintiff-shareholders and their affiliates
(included but not limited to Zheng
Dai, Pijun Liu, Lina Jiang
and their affiliates) are prohibited from engaging in the following
activities:
(i) representing themselves as majority shareholders,
directors, executives or employees of the Company and its
affiliates;
(ii) attempting to contact regulatory bodies such as SEC
or NASDAQ or making any filings or press releases on behalf of the
Company;
(iii) attempting to alter board composition and executive
team;
(iv) spreading false statements about the Company and its
leadership;
(v) trying to communicate with service providers of the
Company including auditors, stock transfer agents, and filing
agents; and
(vi) issuing shares of the Company.
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.
About WeTrade Group Inc.
WeTrade Group Inc. is currently pursue two corporate strategies.
One business strategy is to continue providing software development
services, and the other strategy is to acquire and hold digital
assets.
We provide Al-enabled software development services to our
customers, which included developing, designing and implementing
various SAAS software solutions for businesses of all types,
including industrial and other businesses.
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 [1]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