WeTrade: Report purporting change of offers was submitted without authorization

WeTrade Group announced that the September 28, 2023 current report on Form 8-K filed with the SEC, purporting a change of the company’s directors and officers, was submitted to EDGAR without proper authorization of the company. There were no changes to the Board of Directors and investors should not rely on the disclosures contained therein. The Board of Directors and officers are still remained the same as follow: Guo Bi Ming (Chairman), Wei He Chun (CEO), Annie Huang (CFO), Grace Li (Director), Qin Ning (Director), Ye Yu Xing (Director) and Li Da Xue (Director). On September 28, 2023, a derivative lawsuit was filed in the United States District Court District of Wyoming against certain officers and directors of the company by certain shareholders. The complaint alleges that the Named Defendants were no longer officers and directors of the company as of June 30, 2023 and that the corporate actions relating to certain share issuances to private placement investors were unauthorized. A motion for temporary restraining order and preliminary injunction was filed on September 28, 2023 to temporarily restrain the Named Defendants from acting on behalf of the company. The company believes that the complaint is meritless and will vigorously defend it.