WETG WeTrade Group Inc

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported):  September 28, 2023

 

	WeTrade Group Inc.
	(Exact name of Company as specified in charter)

 

Wyoming		001-41450		N/A
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification Number)

 

Room 101, Level 1 Building 8,

No. 18, Kechuang 10th Street,

Beijing Economic and Technological Development Zone

People’s Republic of China 100020

+852-52208810

(Address, including zip code, and telephone number, including area code, of principal executive offices)

 

Wyoming Registered Agent

1621 Central Ave Cheyenne, Wyoming 82001

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions (see General Instruction A.2. below):

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company  ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 

Item 8.01. Other Events.

 

On September 28, 2023, Wetrade Group Inc., a Wyoming corporation(the “company”) announced that, the company entered into an agreements with certain cooperative enterprise, pursuant to which the Company would have the option to purchase 6,000 bitcoins with a locked purchase price of US$30,000/ BTC in the next twelve months. The first batch of 833 BTC will be transacted by end of September 2023, and the second batch of 1000 BTC will be transacted in October 2023.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit Number		Description
10.1		Form of Subscription Agreement, dated as of September 25, 2023
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

  

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	WeTrade Group Inc.
	By:	/s/ Hechun Wei
	Name:	Hechun Wei
	Title:	Chief Executive Officer

 

Dated: September 28, 2023

 

 

2

Exhibit 10.1

 

BTC Trading Contract

 

Date: 25^nd September, 2023

 

Party A (Buyer): WeTrade Group Inc.

地址:

Address: 109 E 17^th Street, Cheyenne WY 82001-4543.

 

Party B (Seller):

Address:

 

Whereas:

 

1. Party A has the legal right to purchase virtual currency and possesses the necessary financial capacity.

 

2. Party B legally owns the virtual currency and is willing to sell it to a qualified buyer.

 

3. Both parties have reached a mutual agreement through friendly negotiations regarding the purchase and sale of the virtual currency.

 

Based on the aforementioned premises, both parties, guided by principles of equality, voluntary consent, and good faith, have reached the following agreement:

 

Article 1: Virtual Currency Transaction

 

1.1 Party B agrees to sell its owned virtual currency to Party A, and Party A agrees to purchase the Bitcoin ("BTC") sold by Party B.

 

 

1.2 Type and Quantity of Virtual Currency:

 

-Type：Bitcoin BTC

 

-Quantity: 6,000 BTC (Completed in batches of 12 months with 833 BTC in the first month)

 

Article 2: Transaction Price and Payment Method

 

2.1 Agreed Transaction Price: The agreed transaction price between the buyer and seller is 30,000/BTC, denominated in United States Dollars (USD). The price is locked for a period of 12 months. The buyer has the right and option to purchase up to 6,000 BTC from the seller within the 12-month validity period of the contract, at the locked price.

 

2.2 The buyer and seller agree to make payment in the following manner:

 

Party A will make payment in the form of cash or stocks to Party B or a third-party account designated by Party B.

 

Article 3: Delivery of Virtual Currency

 

3.1: Upon successful delivery of BTC from Party B to Party A and confirmation of accuracy by Party A, Party A shall issue the stocks to party B or a third party designated by party B.When Party A issues shares to Party B or a third party designated by Party B, the shares issued shall be subject to a lock-up for a period of 12 months upon confirmation by both parties, with the commencement date to be calculated from the date on which Party B or a third party designated by Party B holds the corresponding shares.

 

 

3.2: Party B shall ensure the safe and reliable delivery process of the virtual currency and provide relevant transaction records and certificates as proof of the transaction.

 

Article 4: Risks and Liabilities

 

4.1 From the date of completion of the transaction, the risks associated with the virtual currency shall be borne by Party A.

 

4.2 Party B guarantees that the virtual currency being sold is lawful and does not infringe upon any third-party legal rights. If any issues arise with the virtual currency provided by Party B, Party B shall bear the corresponding legal and compensation liabilities.

 

Article 5: Breach of Contract Liability

 

5.1 In the event that either party violates the provisions of this contract, they shall bear the corresponding breach of contract liability and compensate the other party for any losses incurred as a result.

 

5.2 In the event of a breach by either party, the other party shall have the right to terminate this contract and demand the breaching party to pay a penalty for the breach.The amount of corresponding breach is 10% of the total price of the BTC quantity of this contract, i.e., $18,000,000 （6000BTC*30000$/BTC*10%=18,000,000$).

 

 

Article 6: Confidentiality Clause

 

6.1 Both parties shall maintain strict confidentiality regarding any business, technical, financial, or other information they become aware of during the performance of this contract. Such information shall not be disclosed to any third party without the prior written consent of the other party.

 

6.2 Without the written consent of the other party, neither party shall disclose, divulge, or use the confidential information of the other party to any third party.

 

Article 7: Dispute Resolution

 

7.1 本合同的解释、履行和争议解决均适用美国纽约的法律。

 

7.1 The interpretation, performance, and resolution of disputes of this contract shall be governed by the laws of New York, United States.

 

7.2 In the event of any dispute arising between the two parties during the performance of this contract, they shall seek an amicable resolution through friendly negotiation. If a resolution cannot be reached through negotiation, the dispute shall be submitted to a competent court for resolution.

 

Article 8: Other Provisions

 

8.1 This contract shall come into effect and be legally binding from the date of signing or sealing by the representatives of both parties.

 

8.2 This contract is made in duplicate, with each party holding one copy, and both copies have equal legal effect.

 

 

Party A: WeTrade Group Inc.	Party B:
Address: 109 E 17th Street, Cheyenne WY 82001-4543.	Address:
Signature/Seal	Signature/Seal
Title: CEO	Title: Director
Date: 25th September, 2023	Date: 25th September, 2023

 

 

5

 

v3.23.3

Cover	Sep. 28, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 28, 2023
Entity File Number	001-41450
Entity Registrant Name	WeTrade Group Inc.
Entity Central Index Key	0001784970
Entity Tax Identification Number	00-0000000
Entity Incorporation, State or Country Code	WY
Entity Address, Address Line One	Room 101, Level 1 Building 8,
Entity Address, Address Line Two	No. 18, Kechuang 10th Street,
Entity Address, City or Town	Beijing Economic and Technological Development Zone
Entity Address, Country	CN
Entity Address, Postal Zip Code	100020
City Area Code	852
Local Phone Number	52208810
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false

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