BEIJING, April 25,
2023 /PRNewswire/ -- WeTrade Group Inc. ("WeTrade" or
the "Company") (NASDAQ: WETG), a global diversified "software as a
service" ("SaaS") technology service provider committed to
providing technical support and digital transformation tools for
enterprises across different industries, today announced
that the Company received from Nasdaq a notice of
noncompliance because the Company failed to timely file its 2022
annual report on form 10-K with the Securities Exchange Commission
(the "SEC").
Under Nasdaq rules, the company has 60 calendar days from
receipt of the Notice (April 20,
2023) or until June 20, 2023,
to submit a plan to regain compliance with the Rule. If Nasdaq
accepts the Company's plan, then Nasdaq may grant an exception of
up to 180 calendar days from the due date of the form 10-K
(April 17, 2023), or until
October 16, 2023, to regain
compliance.
The application has no immediate impact on the listing of
the Company's common stock, which will continue to be listed and
traded on The Nasdaq Capital Market, subject to the Company' s
compliance with the other listing requirements of The Nasdaq
Capital Market.
The Company is in the process of preparing the plan to regain
compliance and finalizing the financial statements for the year
ending December 31, 2022. The Company
will submit the plan to regain compliance and the 2022 annual
report at soon as possible.
About WeTrade Group Inc.
WeTrade Group Inc. is a global diversified "software as a
service" ("SaaS") technology service provider which is
committed to providing technical support and digital transformation
tools for enterprises across different industries. The four
business segments of WeTrade Group are YCloud, WTPay ,Y-Health and
YG.
YCloud is a micro-business cloud intelligent system launched by
WeTrade, serving global micro-business industry. YCloud strengthens
users' marketing relationship and CPS commission profit management
through leading technology and big data analysis. It also helps
increase the payment scenarios to increase customers' revenue by
multi-channel data statistics, AI fission and management as well as
improved supply chain system.
Independently developed by the Company, WTPay supports multiple
methods of online payment and eight mainstream digital wallets in
over 100 countries to help customers quickly realize global
collection and payment business.
Y-Health is the sector focusing on public health business, which
engages in developing global business for biological health and
medical enterprises. Currently, Y-Health mainly focuses on
detection and prevention of epidemic, daily healthcare, traditional
Chinese medicines, and others.
YG is the new energy business segment which mainly provides
tools and technical support for the digital new energy industry in
the Middle East and Central Asia.
For more information, please
visit https://ir.wetg.group.
Forward-Looking Statements
This press release contains information about the Company's
view of its future expectations, plans and prospects that
constitute forward-looking statements. Actual results may
differ materially from historical results or those indicated by
these forward-looking statements as a result of a variety of
factors including, but not limited to, risks and uncertainties
associated with its ability to raise additional funding, its
ability to maintain and grow its business, variability of operating
results, its ability to maintain and enhance its brand, its
development and introduction of new products and services, the
successful integration of acquired companies, technologies and
assets into its portfolio of products and services, marketing and
other business development initiatives, competition in the
industry, general government regulation, economic conditions,
dependence on key personnel, the ability to attract, hire and
retain personnel who possess the technical skills and experience
necessary to meet the requirements of its clients, and its ability
to protect its intellectual property. The Company's encourages
you to review other factors that may affect its future results in
the Company's annual reports and in its other filings with the
Securities and Exchange Commission.
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SOURCE WeTrade Group INC