WeTrade Group Inc. filed SEC Form 8-K: Unregistered Sales of Equity Securities, Other Events, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date
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(formerly known as “WeTrade Group Inc.”)
(Exact name of Company as specified in charter)
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(Address, including zip code, and telephone number, including area code, of principal executive offices)
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1621 Central Ave Cheyenne, Wyoming 82001
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Item 3.02 Unregistered Sales of Equity Securities.
On April 8, 2024, the Board of Directors (“the Board”) of Next Technology Group Inc. (the “Company”) approved the issuance of an aggregate of 411,280 shares of Common Stock of the Company to several professional parties in relation to the outstanding and unpaid professional fees owed to these parties in the total amount of US$1,974,140. The issuance was valued at US$1,974,140, based on a price of US$4.80 per share (the average price over the last 10 trading days).
Item 8.01 Other Events.
On April 10, 2024, Next Technology Group Inc. (the “Company”) was informed by its company secretary that the directorship of VDao Technology Limited (“VDao”) had been changed from Mr. Wei Hechun to Ms. Wang Jianshuang and Ms. Liu Yujie on November 14, 2023. VDao is the Company’s wholly owned subsidiary registered in Hong Kong. This change in directorship was unauthorized and potentially involved the use of forged documents. At the same time, the Company has been also informed that a portion of VDao's shares were transferred without authorization by its former director, Mr. Dai Zheng. Furthermore, the Company has been informed that the unauthorized parties attempted to access and withdraw the fund from the Company’s bank account.
If any of the above incidents are true,the individuals involved may be subject to both civil and criminal liability. The Company has instructed the bank to freeze the bank account of VDao to prevent any further misappropriation of the Company’s funds. The Company will continue to investigate the aforementioned potential infringement and actively assert its rights by pursuing the civil and criminal liability of the responsible party.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Next Technology Holding Inc. | ||
| By: | /s/ Liu Wei Hong | |
| Name: | Wei Hong Liu | |
| Title: | Chief Executive Officer | |
Dated: April 11, 2024