NXTT 8-K
Next Technology Holding Inc. (NXTT)
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):
(formerly known as “WeTrade Group Inc.”) |
| (Exact name of Company as specified in charter) |
| (State
or other jurisdiction of incorporation or organization) |
(Commission File Number) | (I.R.S.
Employer Identification Number) |
(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.
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Item 4.02 Non-reliance on previously issued financial statements
The Board of Next Technology Holding Inc (formerly known as WeTrade Group Inc. (the “Company”)) has concluded that Form 10-Q for the quarter ended June 30, 2024 filed on August 21, 2024 (the “Original Filing”) was not fully reviewed by the auditor and should no longer be relied upon.
The revised Form 10-Q/A that was filed on September 20, 2024 (the “Amendment No.1”) has been reviewed by the auditor and was filed to adjust: (i) $10,530 in tax expenses, deferred tax liabilities and accumulated retained profit due to under-provision for tax expenses and deferred tax liabilities; (ii) adjustment of $594,140 in amount due to related parties due to over-provision for related parties loan that affected the financial statement as follow:
The amount adjusted in Amended Statement of Operation for the six months ended June 30, 2024 (filed on September 20, 2024):
| Nature of Error | Item: | Amount | June 30, 2024 (Amendment No.1 Filed on September 20, 2024) | June 30, 2024 (Original filed on August 22, 2024) | ||||||||||
| Under-provision of tax expenses in original 10Q | Income tax expenses | 10,530 | 2,301,348 | 2,290,818 | ||||||||||
The amount adjusted in Amended Balance Sheet as of June 30, 2024 (filed on September 20, 2024):
| Nature of Error | Item: | Amount | June
30, 2024 (Amendment No.1 Filed on September 20, 2024) |
June
30, 2024 (Original filed on August 22, 2024) |
||||||||||
| Adjustment of loan conversion to equity from amount due to related parties to common stock | Amount due to related parties | (594,140 | ) | 1,181,592 | 1,775,732 | |||||||||
| Adjustment of loan conversion to equity from amount due to related parties to common stock | Common Stock | 594,140 | 71,718,790 | 71,124,650 | ||||||||||
| Under-provision of deferred tax liabilities and tax expenses | Deferred tax liabilities | 10,530 | 2,301,348 | 2,290,818 | ||||||||||
| Under-provision of tax expenses in original 10Q | Accumulated profit | (10,530 | ) | 984,728 | 995,258 | |||||||||
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 10.1 | Financial statements from the quarterly report on Form 10-Q of Next Technology Holdings Inc for the fiscal quarter ended June 30, 2024, formatted in XBRL : (i) Balance Sheet; (ii) the Statement of Income; (iii) the Statement of Cash Flows | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
1
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.
| NEXT TECHNOLOGY HOLDING INC. | ||
| Date: December 12, 2024 | By: | /s/ Wei Hong Liu |
| Name: | Wei Hong Liu | |
| Title: | Chief Executive Officer | |
2