Item 5. Other Information
ITEM
5. OTHER INFORMATION
On 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. The total issued and outstanding shares of the Company’s common stock decreased from 195,057,503
to 1,054,364 shares, with the par value unchanged at zero.
The Reverse
Stock Split is intended to more expediently enable the Company to regain compliance to achieve a minimum bid price of $1.00 per share
for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”). As a result
of the Reverse Stock Split, every one-for-one hundred and eighty-five (185) shares of the Company’s Common Stock then issued and outstanding
will automatically, and without any action of the Company or any holder thereof, be combined, converted, and changed into one (1) validly
issued and non-assessable share of Common Stock. No fractional shares will be issued to any shareholder, and in lieu of issuing any such
fractional shares, the fractional shares resulting from the Reverse Stock Split will be rounded up to the nearest whole share of Common
Stock.
ITEM
6. EXHIBITS
Exhibit No.
Description
31.1
Certification of Principal Executive Officer filed pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 Filed herewith
31.2
Certification of Principal Financial Officer filed pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 Filed herewith
32.1
Certification of Chief Executive Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 Filed herewith
32.2
Certification of Chief Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 Filed herewith
101
Financial statements from the quarterly report on Form 10-Q of Wetrade Group Inc for the fiscal quarter ended June 30, 2023, formatted in XBRL: (i) the Balance Sheet; (ii) the Statement of Income; (iii) the Statement of Cash Flows; and (iv) the Notes to the Financial Statements Filed herewith
26
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
WETRADE GROUP INC
Dated August 21, 2023
By:
/s/ Wei
Hechun
Wei HeChun
Chief Executive Officer
/s/
Annie Huang
Annie Huang
Chief Financial Officer
27
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.