Next Technology Holding Inc 8-K, filed Jan 6, 2023
Next Technology Holding Inc. (NXTT)
About this 8-K
Next Technology Holding Inc filed this 8-K on January 6, 2023, reporting on events of January 3, 2023.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
(Exact name of Company as specified in charter) |
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(State or other jurisdiction of incorporation or organization) |
| (Primary Standard Industrial Classification Code Number) |
| (I.R.S. Employer Identification Number) |
People’s Republic of
+
(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)) |
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 7.01 Regulation FD Disclosure.
The information responsive to Item 7.01 of this Form 8-K and Exhibit 99.1 attached, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. |
| Description |
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| WeTrade Group Inc. Allies with Hangzhou Parallel Space to Develop Virtual Human Technology | |
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| Cover Page Interactive Data File (embedded within the Inline XBRL Document). |
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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 hereunto duly authorized.
| WETRADE GROUP INC. |
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Date: January 6, 2023 | By: | /s/ Hechun Wei |
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| Name: | Hechun Wei |
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| Title: | Chief Executive Officer | |
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EXHIBIT 99.1
WeTrade Group Wins the “Strongest Potential IPO” Award
While Launching the 2023 Multi-Industry Diversification Strategy
Beijing, China, Jan 3, 2023 -- 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 had been awarded the "Strongest Potential IPO of the Year" by the 2022 GURUCLUB Greater China Best Listed Company Awards.
The "Strongest Potential IPO of the Year" award is designed to reward the most influential publicly listed companies in the investment community. Specifically, this award analyzes companies’financing scale, profitability, financial security and market capitalization management. It also motivates companies with promising major businesses, stable performance growth, continuous creation of value for shareholders to take on their social responsibility. Additionally, the award recognizes companies that have made significant contributions to economic development, improvement of people's living standards and national competitiveness. The finalists are announced based on quantitative data analysis by a team of experts.
The "Strongest Potential IPO of the Year" award not only marks a perfect ending for WeTrade in 2022 but also a promising future in 2023. Since its successful uplisting on NASDAQ in 2022, the Company has been executing its business expansion and continuing to adjust its business structure, which constitutes YCloud, Y-Health and WTPay, the Company’s three major business segments.
In August 2022, WeTrade successively signed a $50 million partnership contract with Jiqing Biomedical Technology Co. Ltd and Parkway Medical Limited to sell the monkeypox virus test kits. WeTrade Group also entered into a partnerships with Zhixun Biotechnology Limited and others to promote COVID disinfectant spray via its platforms.
In October 2022, WeTrade launched the WTPay system in Singapore and announced a strategic cooperation with Vmade Tech PTE. LTD, which would pay WeTrade a guaranteed fee of $120 million for technical support.
The Company’s business development can be attributed to YCloud, which can be used by enterprises and businesses. It is also a critical digital tool that contributes to flexible employment in China, such as courier and online hailing services, which will further expand as China gradually loosens pandemic prevention policies.
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Hechun Wei, Chief Executive Officer of the Company, commented, "The 2022 GURUCLUB Greater China Best Listed Company Awards marks a perfect conclusion for our Company. In 2023, we plan on further refining our business structure by launching a multi-industry and diversified development strategy. Specifically, a YG new energy business segment will be developed alongside YCloud, Y-Health and WTPay segments. The Company will further cultivate markets in Central Asia and Middle East and continue to create value for our shareholders."
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 three main business segments of the Company are YCloud, WTPay and Y-Health.
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. Customers can use WTpay for global acquiring business, global store opening, global payment collection, international banking, global remittance and currency exchange.
Under its global public health business sector Y-Health, the Company 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.
For more information, please visit https://ir.wetg.group.
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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.
For more information, please contact:
WeTrade Group Inc.
Investor Relations Department
ir@WeTradegroup.net
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EXHIBIT 99.2
WeTrade Group Inc. Allies with Hangzhou Parallel Space to Develop Virtual Human Technology
Beijing, China, Jan 6, 2023 -- 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 has entered into a strategic cooperation agreement (the “Agreement”) with Hangzhou Parallel Space Network Technology Co., Ltd. (Hangzhou Parallel Space). Hechun Wei, Chief Executive Officer of WeTrade, and Mr. Thomas, founder and Chief Executive Officer of Hangzhou Parallel Space, attended the meeting and signed the Agreement. The senior management of both parties participated in this signing ceremony. Pursuant to the Agreement, the two companies will work together to jointly set up Parallel Space Intelligent Network Technology Co., LTD (Parallel Space Intelligent).
With the rapid growth of the global economy, the virtual human technology has become increasingly popular and foreseeably irreplaceable in different industries. The establishment of Parallel Space Intelligent will be a milestone for both WeTrade and Hangzhou Parallel Space as they jointly promote the idea of "virtual human" in meta-universe to the global market, and revolutionize the application of "virtual human" technology services to the global multi-industry sector.
Hangzhou Parallel Space was established in September 2022, with its headquarter in Hangzhou, Zhejiang Province. By building AI virtual human R&D platform, marketing platform and platform-based application tools, Hangzhou Parallel Space empowers the industry to build digital "virtual human" core assets. It also solves the crux of the problems in "metaverse" technology for more than 40 first-tier brands at home and abroad, and reaches a deep strategic cooperation to jointly promote the development of metaverse ecology.
Hechun Wei, Chief Executive Officer of the WeTrade, commented, "Advancing to the virtual human industry is an important step for the Company to upgrade its digital technology services in 2023. In recent years, the virtual human application has gone beyond the stage of virtual anchor, interactive entertainment, education and training, government services, among others, and expanded to other industries. The empowerment and employment of digital virtual human and real economy interaction will become inevitable. The Company hopes to keep up with this trend and seize the opportunity for an early entrance into this market, and to create greater value for our customers, and shareholders."
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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 three main business segments of the Company are YCloud, WTPay and Y-Health.
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. Customers can use WTpay for global acquiring business, global store opening, global payment collection, international banking, global remittance and currency exchange.
Under its global public health business sector Y-Health, the Company 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.
For more information, please visit https://ir.wetg.group.
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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.
For more information, please contact:
WeTrade Group Inc.
Investor Relations Department
ir@WeTradegroup.net
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