WeTrade comments on lawsuit filed by individuals claiming to be shareholders

WeTrade 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. The company said, “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.”