What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2024-04-15 compared with 2023-07-14 · 194 added, 144 removed, 11 unchanged (97% of the section changed)

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

Our common stock is listed on the Nasdaq Capital Market under the symbol “WETG”.

The following table sets forth, for the periods indicated since then, the high and low closing prices of our common stock on the Nasdaq Capital Market as reported by Yahoo Finance.

Fiscal Year 2023

June 30, 2023 (from June 9, 2023, post-reverse stock split)

March 31, 2023

Fiscal Year 2022

December 31, 2022

September 30, 2022 (from July 19, 2022)

The last reported sales price for our shares of common stock on the Nasdaq Capital Market as of June 30, 2023 was $9.29 per share.

As of June 30, 2023, we had approximately 400 shareholders of record for our common stock.

Transfer Agent

The transfer agent for our common stock is Globex Transfer LLC.

The transfer agent’s telephone number and address is (813) 344-4490 and 780 Deltona Blvd, Deltona, FL 32725.

As of the close of business on December 31, 2022, there were approximately 396 holders of record of our common stock.

We have not declared any cash dividends on our common stock during our two most recent fiscal years.

In the near future, we intend to retain any earnings to finance the development and expansion of our business.

We do not anticipate declaring or paying any cash dividends on our common stock in the foreseeable future.

The declaration and payment of cash dividends by us are subject to the discretion of the Board.

Any future determination to pay cash dividends will depend on our results of operations, financial condition, capital requirements, contractual restrictions and other factors deemed relevant at the time by the board of Directors.

We are not currently subject to any contractual arrangements that restrict our ability to pay cash dividends.

Securities Authorized for Issuance Under Equity Compensation Plans

As of December 31, 2022, there are no compensation plans under which our equity securities are authorized for issuance.

Recent Sales of Unregistered Securities

As of December 31, 2022, there were no recent sales of unregistered securities.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

We did not, nor did anyone on our behalf or any “affiliated purchaser” as defined in Rule 10b-18(a)(3) of the Exchange Act, repurchase any outstanding shares of our common stock during any month of our fiscal year ended December 31, 2022.

common stock is listed on the Nasdaq Capital Market under the symbol “NXTT”.

The following table sets forth, for the periods

indicated since then, the high and low closing prices of our common stock on the Nasdaq Capital Market as reported by Yahoo Finance.

2023(from June 9, 2023, post-reverse stock split)

last reported sales price for our shares of common stock on the Nasdaq Capital Market as of March 31, 2024 was $6.22 per share.

March 31, 2024, we had approximately 2,700 shareholders of record for our common stock.

transfer agent for our common stock is Globex Transfer LLC.

The transfer agent’s telephone number and address is (813) 344-4490

and 780 Deltona Blvd, Deltona, FL 32725.

of the close of business on December 31, 2023, there were approximately 2,700 holders of record of our common stock.

have not declared any cash dividends on our common stock during our two most recent fiscal years.

In the near future, we intend to retain

any earnings to finance the development and expansion of our business.

We do not anticipate declaring or paying any cash dividends on

our common stock in the foreseeable future.

The declaration and payment of cash dividends by us are subject to the discretion of the

Any future determination to pay cash dividends will depend on our results of operations, financial condition, capital requirements,

contractual restrictions and other factors deemed relevant at the time by the board of Directors.

We are not currently subject to any

contractual arrangements that restrict our ability to pay cash dividends.

Authorized for Issuance Under Equity Compensation Plans

of December 31, 2023, there are no compensation plans under which our equity securities are authorized for issuance.

Sales of Unregistered Securities

June 9, 2023, the Wyoming Secretary of State approved the Company’s certificate of amendment to amend its Articles of Incorporation

to effect 1 for 185 reverse stock split (“Reverse Stock Split”).

The total issued and outstanding shares of the Company’s

common stock decreased from 195,057,503 to 1,054,530 shares, with the par value unchanged at zero.

September, 2023, there are 1,570,600 shares issued with the total amount of $12,616,454, the Company’s common stock issued has

been increased to 2,625,130 shares as of December 31, 2023.

of Equity Securities by the Issuer and Affiliated Purchasers

did not, nor did anyone on our behalf or any “affiliated purchaser” as defined in Rule 10b-18(a)(3) of the Exchange Act,

repurchase any outstanding shares of our common stock during any month of our fiscal year ended December 31, 2023.

SELECTED FINANCIAL DATA

We are a “smaller reporting company” as defined by Item 10(f)(1) of Regulation S-K, and as such are not required to provide the information contained in this item pursuant to Item 301 of Regulation S-K.

are a “smaller reporting company” as defined by Item 10(f)(1) of Regulation S-K, and as such are not required to provide

the information contained in this item pursuant to Item 301 of Regulation S-K.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis of financial condition and results of operations should be read in conjunction with our financial statements and related notes included elsewhere in this annual report.

This discussion contains forward-looking statements that involve risks, uncertainties and assumptions.

See “Cautionary Note Regarding Forward-Looking Statements.” Our actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors discussed elsewhere in this annual report .

WeTrade Group, Inc.

was incorporated in the State of Wyoming on March 28, 2019 and is in the business of providing technical services and solutions via its social e-commerce platform.

We are committed to providing an international cloud-based intelligence system and independently developed a micro-business cloud intelligence system called the “YCloud.” Our goal is to provide technical and auto-billing management services to micro-business online stores in China through big data analytics, machine learning mechanisms, social network recommendations, and multi-channel data analysis.

We provide technology services to both individual and corporate users.

Through Yueshang Information Technology (Beijing) Limited, or Yueshang Beijing, we provide access to “YCloud” to our two customers, which are Zhuozhou Weijiafu Information Technology Limited (“Weijiafu”), a PRC technology company, which then provide “YCloud” services to individual and corporate micro-business owners and Changtongfu Technology (Hainan) Co Limited (“Changtongfu”), a PRC technology company, which provide “YCloud” services to individual and corporate business owners in the hotel and travel industries.

The market individual micro-business owners represent a potential of 330 million users by the year of 2023.

http://xueqiu.com/8455183447/172404679?sharetime=2,2/22/2021).

YCloud serves corporate users in multiple industries, including Yuetao Group, Zhiding, Lvyue, Yuebei, Yuedian, Coke GO, and Zhongyanshangyue.

We conduct business operations in mainland China and have established trial operations in Hong Kong.

We expect to utilize the YCloud system to establish a global strategic cooperation with various social media platforms.

The main functions of the YCloud system are to manage users’ marketing relationships, CPS commission profit management, multi-channel data statistics, AI fission and management, and improved supply chain systems.

Currently, YCloud serves the micro business industry.

We expect to expand the application of YCloud to tourism, hospitality, livestreaming and short video, medical beauty and traditional retail industries.

Change of Officer and Director

On August 12, 2022, Mr.

Zhuo Li tendered his resignation as a director and the Chief Operation Officer, effective August 12, 2022.

On August 12, 2022, approved by the Board of Directors, the Nominating Committee and the Compensation Committee, Ms.

Grace Li was appointed as a director of the Company, effective August 12, 2022.

On October 13, 2022, the Board of Directors, Nominating Committee and Compensation Committee approved the appointment of Mr.

Hanfeng Li as the Vice President of Wetrade Group Inc.

(the “Company”), effective October 13, 2022.

On November 29, 2022, Mr.

Kean Tat Che tendered his resignation as a director and the Chief Financial officer, and Mr.

Hung Fai Choi tendered his resignation as a director of the Company, effective November 29, 2022.

On the same day, approved by the Board of Directors, the Nominating Committee and the Compensation Committee, Ms.

Annie Huang was appointed as the Chief Financial Officer of the Company, effective November 29, 2022.

On December 21, 2022, Mr.

Zheng Dai tendered his resignation as chairman of the board, and Mr.

Pijun Liu tendered his resignation as the chief executive officer and a director, effective December 21, 2022.

On the same day, approved by the Board of Directors, the Nominating Committee and the Compensation Committee, Mr.

Hechun Wei was appointed as the Chief Executive Officer of the Company, and Mr.

Biming Guo was appointed as the chairman of the board of the Company, effective December 21, 2022.

Result of Operations

The following tables provide a comparison of a summary of our results of operations for the fiscal years ended December 31, 2022 and 2021.

Results of Operations for the fiscal years ended December 31, 2022 and 2021

For the year ended December 31,

Service revenue, non-related party

Service revenue, related party

Cost of Revenue

Operating Expenses:

General and Administrative

Operations Profit

Income before income tax

Income tax income/ (expenses)

Net (Loss)/ Income

Revenue from Operations

For the fiscal year ended December 31, 2022 and 2021, total revenue was $11,671,335 and $14,381,295, respectively.

The decrease was mainly due to the decrease in Gross Merchandise Volume (“GMV”) in Ycloud system under the outbreak of the coronavirus disease during the year.

Service revenue from third party were $10,803,232 (2021:

$9,734,966) and service revenue from related party were $868,103 (2021:

$4,646,329) for the year ended December 31, 2022.

The system services fees are collected through from end users of YCloud system based on the GMV as follow:

Gross Merchandise Volume (“GMV”)

Non-related party

Related party

Cost of revenue

Cost of revenue is mainly consists of staff payroll, PRC central provident fund (“CPF”) and other staff benefits, the increase is mainly due to more technical development service costs were incurred for the system development during the year.

General and Administrative Expenses

For the fiscal year ended December 31, 2022 and 2021, general and administrative expenses were $11,843,048 and 5,705,063, respectively.

The increase is mainly due to increase is mainly due to professional fee, fund raising costs, financial PR and underwriting fees were incurred for the Nasdaq up-listing during the year.

Net Income/ (loss)

As a result of the factors described above, there was a net loss of $9,147,415 and net income of $5,175,675 for the fiscal year ended December 31, 2022 and 2021, respectively, the increase in loss is mainly due to decrease in revenue and more expenses were incurred for system development and professional fee incurred for Nasdaq up-listing during the year.

Liquidity and Capital Resources

The following chart provides a summary of our balance sheets for the fiscal years ended December 31, 2022 and 2021, it should be read in conjunction with the financial statements, and notes thereto.

Cash and Cash equivalents

Loan receivable

Other receivables, deposit and prepayments

Property and equipment, net

Amortised expenses, net

Intangible asset

Right of use assets

Account payable and accrued expenses

Lease liability

Amount due to related parties

following discussion and analysis of financial condition and results of operations should be read in conjunction with our financial statements

and related notes included elsewhere in this annual report.

This discussion contains forward-looking statements that involve risks, uncertainties

and assumptions.

See “Cautionary Note Regarding Forward-Looking Statements.” Our actual results could differ materially from

those anticipated in the forward-looking statements as a result of certain factors discussed elsewhere in this annual report .

NEXT TECHNOLOGY HOLDING INC (Formerly known as “WeTrade Group Inc”) was incorporated in the State of Wyoming on March 28, 2019.

We currently pursue two corporate strategies.

One business strategy is to continue providing software development services, and the other

strategy is to acquire and hold bitcoin.

provide AI-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.

Acquisition Strategy

bitcoin acquisition strategy generally involves acquiring bitcoin with our liquid assets that exceed working capital requirements, and

from time to time, subject to market conditions, issuing debt or equity securities or engaging in other capital raising transactions

with the objective of using the proceeds to purchase bitcoin.

view our bitcoin holdings as long-term holdings and expect to continue to accumulate bitcoin.

We have not set any specific target for

the amount of bitcoin we seek to hold, and we will continue to monitor market conditions in determining whether to engage in additional

financings to purchase additional bitcoin.

overall strategy also contemplates that we may (i) periodically sell bitcoin for general corporate purposes, including to generate cash

for treasury management or in connection with strategies that generate tax benefits in accordance with applicable law, (ii) enter into

additional capital raising transactions that are collateralized by our bitcoin holdings, and (iii) consider pursuing additional strategies

to create income streams or otherwise generate funds using our bitcoin holdings.

believe that, due to its limited supply, bitcoin offers the opportunity for appreciation in value if its adoption increases and has the

potential to serve as a hedge against inflation in the long-term.

of Officer and Director

December 11, 2023, according to the voting results of the Annual Shareholders’ Meeting (the “Meeting”), Lichen Dong,

Lim Kian Wee, Mahesh Thapaliya and Jianbo Sun are respectively appointed as the director of the Company, forming the new Board of Directors

of the Company.

Biming Guo, Ning Qin, Yuxing Ye no longer serves as the director of the Company.

December 11, 2023, the new Board of Directors held a regular meeting, and made the following resolutions:

Lichen Dong is appointed as the Chairman of the Board.

The Audit Committee of the Company is composed of all four independent directors (Lichen Dong, Lim Kian Wee, Mahesh Thapaliya and Jianbo

Sun) as members, and Lim Kian Wee is designated as the Chair of the Audit Committee.

The Nominating Committee of the Company is composed of all four independent directors (Lichen Dong, Lim Kian Wee, Mahesh Thapaliya and

Jianbo Sun) as members, and Lichen Dong is designated as the Chair of the Nominating Committee.

The Compensation Committee of the Company is composed of all four independent directors (Lichen Dong, Lim Kian Wee, Mahesh Thapaliya

and Jianbo Sun) as members, and Jianbo Sun is designated as the Chair of the Compensation Committee.

of Lichen Dong, Lim Kian Wee, Mahesh Thapaliya and Jianbo Sun qualifies as an independent director under rules of The Nasdaq Stock Market,

and does not have a family relationship with any director or executive officer of the Company, and 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.

December 13, 2023, Ms.

Annie Huang tendered her resignation as a Chief Financial officer of NEXT TECHNOLOGY HOLDING INC.

(the “Company”),

effective from December 13, 2023.

On the same day, 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.

December 28, 2023, Mr.

Wei He Chun tendered his resignation as the chief executive officer, effective December 28, 2023.

of Operations

following tables provide a comparison of a summary of our results of operations for the fiscal years ended December 31, 2023 and 2022.

of Operations for the fiscal years ended December 31, 2023 and 2022

the year ended December 31,

revenue, non-related party

and Administrative

before income tax

$ (3,173,360 )

$ (6,793,718 )

from Operations

the fiscal year ended December 31, 2023 and 2022, total revenue was $2,633,308 and $nil, respectively.

the revenue is mainly generated

from the AI software development and SAAS software solutions for industrial and other businesses users.

of revenue mainly consists of staff payroll, system development costs and outsourcing staff cost for system development, which is in

line with the increase in revenue during the period.

and Administrative Expenses

the fiscal year ended December 31, 2023 and 2022, general and administrative expenses were $3,478,482 and $6,793,718 respectively.

decrease is mainly due to lesser expenses were incurred for the Nasdaq IPO professional fees in 2023 as compare to the prior reporting

a result of the factors described above, there was a net loss of $3,173,360 and $6,793,718 for the fiscal year ended December 31,

2023 and 2022, respectively, the decrease is mainly due to lesser expenses were incurred for the Nasdaq IPO professional fees in 2023

as compare to the prior reporting year.

following chart provides a summary of our balance sheets for the fiscal years ended December 31, 2023 and 2022, it should be read

in conjunction with the financial statements, and notes thereto.

and Cash equivalents

Digital Assets

Other receivables

related to discontinued operations

Account payable

to related parties

Other liabilities

Total liabilities

Total stockholders’ equity

As of December 31, 2022, we had total assets of $46,229,241, which mainly consisted of $20,025,495 in cash, $8,992,642 in receivables and loan receivables, $1,821,428 in amortised expenses, property and equipment, and $15,366,488 in other receivables, deposit and prepayments;

we had total liabilities of $4,509,731 which consisted of $723,648 in accounts payables & accrued expenses, $1,291,296 in amount due to related parties and $2,365,808 in other liabilities;

related to discontinued operations

stockholders’ equity

of December 31, 2023, we had total assets of $54,939,405, which mainly consisted of $668,387 in cash, $35,206,901 in digital assets,

and $17,931,000 in other receivables and prepayments;

we had total liabilities of $4,038,084 which consisted of $926,456 in accounts

payables, $1,681,098 in amount due to related parties and $1,430,530 in other liabilities;

we had total stockholders’ equity of

Operating activities

Our continuing cash flow used in operating activities is $17,608,419 for the fiscal years ended December 31, 2022 as compare to the cash flow provided by operating activities of $3,753,384 in prior year, which was increased by approximately of $14.1 million.

The increase were mainly due to prepayment of WT Pay System and payment of professional fees in relation to the Nasdaq up-listing.

Investing activities

Our continuing cash flow provided by investing activities is $493,954 for the fiscal years ended December 31, 2022 as compare to the cash flow used in investing activities of $1,028,322 in prior year.

The increase was mainly due to loan repayment receipts of $2.1 million and which were partially offset by the addition of property and equipment of $1.5 million during the year.

Financing activities

Cash provided by our financing activities was $37,720,440 for the year ended December 31, 2022 as compare to the net cash provided by financing activities of $689,031, which was increased by approximately of $37.1 million.

The increase is mainly due to 10,000,000 share issuance with the net proceeds from sales of common stock in the amount of $37,534,676 during the year.

Inflation does not materially affect our business or the results of our operations.

Critical Accounting Policies

We prepare our financial statements in accordance with generally accepted accounting principles of the United States (“GAAP”).

continuing cash flow generated from operating activities is $8,129,215 for the fiscal years ended December 31, 2023 as compare to the

cash flow used in operating activities of $38,205,344 in prior year, which was increased by approximately of $46.3 million.

were mainly due to increase in assets related to discontinued operation.

continuing cash flow used in investing activities is $24,990,000 for the fiscal years ended December 31, 2023 as compare to $nil in prior

The increase was mainly due to acquisition of 833 BTC with the amount of $24,990,000 during the year.

generated from financing activities was $17,506,254 for the year ended December 31, 2023 as compare to the net cash generated from financing

activities of $39,345,676, which was decreased by approximately of $22.4 million.

decrease is mainly due to lesser in share placement of approximately $12.6 million during the period as compare to the share placement

of $37.5 million in prior year.

does not materially affect our business or the results of our operations.

Accounting Policies

prepare our financial statements in accordance with generally accepted accounting principles of the United States (“GAAP”).

GAAP represents a comprehensive set of accounting and disclosure rules and requirements.

The preparation of our financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.

The preparation of our financial statements

requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent

assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting

Our actual results could differ from those estimates.

We use historical data to assist in the forecast of our future results.

Deviations from our projections are addressed when our financials are reviewed on a monthly basis.

Deviations from our projections are addressed when our financials

reviewed on a monthly basis.

This allows us to be proactive in our approach to managing our business.

It also allows us to rely on proven data rather than having to make assumptions regarding our estimates.

Revenue recognition

The Company follows the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts .

ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied.

The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.

Use of Estimate

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting periods.

It also allows us to rely on proven

data rather than having to make assumptions regarding our estimates.

Company follows the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts .

ASC 606 creates a five-step

model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts

or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction

price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance

obligation is satisfied.

The Company only applies the five-step model to contracts when it is probable that the Company will collect

the consideration it is entitled to in exchange for the services it transfers to its clients.

preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported

amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the

reported amounts of expenses during the reporting periods.

Actual results could differ from those estimates.

Accounts receivable

Accounts receivable are presented net of allowance for doubtful accounts.

The Group uses specific identification in providing for bad debts when facts and circumstances indicate that collection is doubtful and based on factors listed in the following paragraph.

If the financial conditions of its customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowance may be required.

The Company maintains an allowance for doubtful accounts which reflects its best estimate of amounts that potentially will not be collected.

The Company determines the allowance for doubtful accounts on general basis taking into consideration various factors including but not limited to the historical collection experience and credit-worthiness of the customers as well as the age of the individual receivables balance.

Additionally, the Company makes specific bad debt provisions based on any specific knowledge the Company acquires that might indicate that an account is uncollectible.

The facts and circumstances of each account may require the Company to use substantial judgment in assessing its collectability.

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company financial statements.

Off-Balance Sheet Arrangements

There is no off-balance sheet arrangements.

receivable are presented net of allowance for doubtful accounts.

The Group uses specific identification in providing for bad debts when

facts and circumstances indicate that collection is doubtful and based on factors listed in the following paragraph.

If the financial

conditions of its customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowance may

Company maintains an allowance for doubtful accounts which reflects its best estimate of amounts that potentially will not be collected.

The Company determines the allowance for doubtful accounts on general basis taking into consideration various factors including but not

limited to the historical collection experience and credit-worthiness of the customers as well as the age of the individual receivables

Additionally, the Company makes specific bad debt provisions based on any specific knowledge the Company acquires that might

indicate that an account is uncollectible.

The facts and circumstances of each account may require the Company to use substantial judgment

in assessing its collectability.

Accounting Pronouncements

have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements

will have a material impact on the Company financial statements.

Sheet Arrangements

On March 1,2024, the Company entered into that the

share purchase agreement (the “Purchase Agreement”) with certain existing shareholders (the “Sellers”) of Future

Dao Group Holding Limited, an exempted company incorporated and existing under the laws of the Cayman Islands(the “Target”),pursuant

to which the Company agrees to purchase from the Sellers indirectly through Next Investment Group Limited, a wholly-owned subsidiary of

the Company (“Next Investment”), and the Sellers agree to sell to Next Investment, an aggregate of 2,000 ordinary shares (the

“Purchased Shares”) of the Target (the “Transaction”) at a per share purchase price of $6,698 per share for an

aggregate purchase price of $13,396,000 (the “Purchase Price”).Pursuant to the Purchase Agreement, at the closing of the Transaction,

the Company will pay the Purchase Price by issuing to the Sellers an aggregate of 3,940,000 shares of common stock of the Company (the

“Next Technology Common Stock”) based on an agreed-upon valuation of $3.4 per share (the “Per Share Price”).

Per Share Price is above $3.19, which is the average price per share of the shares of common stock of the Company traded on Nasdaq Capital

Market in the five trading days prior to the signing date of the Purchase Agreement.

Pursuant to the Purchase Agreement, each Seller will

receive its portion of the Company’s Common Stock proportionate to the number of the Purchased Shares to be sold by such Seller

to Next Investment under the Purchase Agreement, the transaction is expected to complete in end of April 2024.

Change of Company name

April 2, 2024, Wetrade Group Inc.

(the “Company”) changed its name to Next Technology Holding Inc.

The name change was made

pursuant to the Wyoming Business Corporations Act, and an amendment to Article I of the Company’s Amended and Restated Articles

of Incorporation was filed with the Wyoming Secretary of State on March 18, 2024 (Amendment ID:

2024-004669585).

common stock will continue to trade on the NASDAQ Stock Market under the ticker symbol "NXTT".

Outstanding stock certificates

for shares of the company are not affected by the name change.

They continue to be valid and need not be exchanged.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

are a “smaller reporting company” as defined by Item 10(f)(1) of Regulation S-K, and as such are not required to provide

the information contained in this item pursuant to Item 305 of Regulation S-K.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity