Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On September 1, 2020 WeTrade Group Inc.'s Chief Executive Officer Dai Zheng
resigned as Chief Executive Officer. Dai Zheng will remain as a Director of
WeTrade Group Inc. As of September 1, 2020 Mr. Dai Zheng will serve as the
Chairman of WeTrade Group Inc.
Mr. Dai is a graduate of Fuzhou Finance University in PRC and majored in Finance
and Economics. Mr. Dai began his career in internet and information technology
industry in 1998. Between 2000 to 2004, he served as Chief Technology Officer
("CTO") for China Interaction Media Group. Between 2006 to 2012, he was a
co-founder and Vice President of Qunar Cayman Islands Limited (stock code:
QUNR). Since 2014, Mr. Dai has served on a number of boards that represent
timeshare owners and their interests. Mr. Dai's prime duty for the Company will
be to leverage his existing industry connections to assist in the implementation
of the business plan.
(c) On September 1, 2020 Pijun Liu was appointed as Chief Executive Officer and
Director of WeTrade Group Inc.
Mr Liu, 38 years old, has more than 15 years of experience in tourism operations
and team management. He graduated from Wuhan University of Technology in 2004
and studied post graduate from the School of Finance, Renmin University of China
from 2018 to 2019. From 2004 to 2006, he worked for eLong.com and International
Hotel Group, during which he hosted the first Caofeidian Forum. From 2009 to
2014 Mr. Liu founded the high-star hotel alliance-Wandian Alliance and led the
team to achieve significant results; From 2014 to 2017, Mr. Liu Pijun served as
the founder and CEO of Zhiding.com. He led the team to obtain 8 million RMB in
Series A funding from 58.com and other institutions. And they also got more than
30 million RMB funding from investors such as Jingdong. In 2017, he received "
Gold Award in the Global Travel Conference". Since 2019, Mr. Liu has served as
the co-founder and CEO of Yueshang Group, he is responsible for investment
operations and team management.
On September 1, 2020 Dong Hui Wang was appointed as an Independent Director of
WeTrade Group Inc. Mr. Wang will also serve as the Audit Committee Chairman. Mr.
Wang will also sit on the Compensation Committee.
Mr Wang aged 49, has more than 20 years of experience in audit, corporate
finance and private fund management. He received a bachelor's degree in
engineering from Tianjin Polytechnic University in 1992 and a MBA degree from
Victoria University of Technology, Australia in 1997. Mr. Wang worked at Ernst &
Young Beijing from 1997 to 1999 as a senior accountant. From 1999 to 2005, Mr.
Wang served as a consultant in the PricewaterhouseCoopers Sydney of?ce and a
senior manager in their Beijing of?ce. From 2005 to 2011, he worked as Vice
president and chief ?nancial of?cer in Kingsoft Corporation Limited, listed in
Hong Kong Stock Exchange (stock code: 3888). In 2011, he founded Shanghai Ameba
Capital Co., Ltd, which currently manage a fund of RMB1.5 billion. A Venture
Capital Company that focus on growing companies in TMT industry, including but
not limited to enterprise level services, big data / artificial intelligence,
consumption and industrial upgrading. At present, Ameba Capital has invested in
nearly 100 start-up companies, including didi Kuai, mushroom street, Weima
automobile, jushuitan, Yaobang, Aladdin, 2D fire, Xiaoyang education, Leyan
technology, 51zan, teaching, etc.
On September 1, 2020 Daxue Li was appointed as an Independent Director of
WeTrade Group Inc. Mr. Li will also serve as the Compensation Committee
Chairman. Mr. Li will also sit on the Audit Committee and Nomination Committee.
Mr Li aged 50, has more than 20 years of experience in TMT, e-commerce and
information technology industry. In 1988, he was admitted to the Mathematics
Department of Shandong University with the highest score of Science in the
college entrance examination of the whole country. He was vice president and CTO
of Tianji network company, in charge of technology research and development,
technical service and customer execution. From 2008-2015, he served as senior
vice president of JD.com group (stock code: JD), in charge of technology
research and development system. From 2015 to present, he is the founder and CEO
of Ciyun Technology Co Ltd. and honorary technical advisor of JD.com group.
On September 1, 2020 Yuxing Ye, was appointed as an Independent Director of
WeTrade Group Inc. Mr. Ye was also appointed as the Compliance Officer of
WeTrade Group Inc. Mr. Ye's will also serve as the Nomination Committee
Chairman. Mr. Ye will also sit on the Audit Committee and Compensation
Yuxing Ye, age 41, obtained his Juris Doctor degree from Benjamin N. Cardozo
School of Law, Yeshiva University in New York in 2007. Mr. Ye is an attorney
licensed to practice in New York State and has over 13 years of experience in
advising multinational and PRC companies in corporate law, banking law,
investment funds, mergers and acquisitions and regulatory and compliance
matters. Mr. Ye started his career as an in-house legal counsel with Bank of
China, New York Branch and subsequently with The Bank of Nova Scotia, Singapore
Branch, covering a broad range of legal matters involving US sanctions, regional
credit markets, derivatives and fixed income products. From 2011 to 2017, he
worked as an associate/of counsel with the UK based magic circle law firm Allen
Overy LLP and PRC based red circle law firm King & Wood Mallesons and became a
partner in 2018 at King & Wood Malleson. Mr. Ye's legal practice focuses on
cross-border merger and acquisitions as well as the related regulatory and
compliance matters, involving take-over bids, asset and share
purchases/divestures, project/acquisition financings, restructuring, US export
control and other commercial arrangements etc. In early 2020, Mr. Ye joined
another PRC red circle law firm Zhong Lun as a partner and continues his
practice in the aforementioned space, with an even broader coverage of PRC
listed companies and investment funds in their outbound acquisitions as well as
compliance with US and European regulatory regimes.
On September 1, 2020 Ning Qin, was appointed as an Independent Director of
WeTrade Group Inc. Mr. Qin will also sit on the Compensation Committee and
Mr. Qin age 39, is a graduate from Law school of Versailles University in
France, and majored in Arbitration and International business in 2008, Master of
Laws. He has legal professional qualifications certificate and has over 15 years
of experience as corporate counsel and lawyer, in M&A, investment and finance .
In 2003, he started his career as Clerk with Court of Baqiao District of Xi'an
in China and left in 2004. From 2004 to 2005, he worked as Paralegal with
Shaanxi Haipu Law Firm in Xi'an of China. In 2008, he worked as Paralegal with
Jane Willems' Firm in Paris, France. From 2009 to 2013, he served as Senior
Manager in Tian An China Investment Ltd., (stock code:0028), listed on HK stock
exchange, responsible for the China legal and investment. In 2013, he worked as
General Manager in Shaanxi HDTX Investment Ltd. In 2016, he served as Executive
Director in Yulin FFL Environmental Energy Limited (member of ENGIE Group in
France). In 2018, he worked as Assistant President in Guanghui Energy Group
(stock code:600256), listed on SHH stock exchange. From 2020 to present, he is
working as Director of M&A and legal compliance in Central Holding Group (stock
code:1735) listed on HK stock exchange, responsible for the corporate affaires,
legal, M&A. And parallel, he started in 2020 as Equity Partner in Zhonglun W&D
Law Firm in Xi'an.
On September 1, 2020 Hung Fai Choi, was appointed as an Independent Director of
WeTrade Group Inc. Mr. Choi will also sit on the Audit Committee and Nomination
Mr. Choi, aged 35 and has over 10 years of experience in securities trading,
fundraising activities, corporate finance and project investments. Mr. Choi
possesses knowledge in financial analysis, corporate finance, corporate
valuation and corporate governance. Mr. Choi graduated with a bachelor's degree
in business administration from the Chinese University of Hong Kong, and
obtained a master of finance degree in corporate finance from the University of
New South Wales in Australia. Mr. Choi is currently the founder and managing
director of Draco Capital Limited and a responsible officer for Type 6 (advising
on corporate finance) regulated activity of Draco Capital Limited under the
Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Mr.
Choi is principally responsible for advising on corporate finance activities,
pre-initial public offerings, merger & acquisitions, fundraising activities and
corporate restructurings for private and public companies in the PRC, Malaysia
and Hong Kong.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
On SEPTEMBER 1, 2020 the Board of Directors of WeTrade Group Inc. (the
"Company") approved the Company's Amended and Restated Bylaws (the "Bylaws"),
Audit Committee Charter, Nominating Committee Charter, Whistleblower Policy,
Insider Trading Policy and the Code of Conduct and Business Ethics.
Item 9.01 Exhibits.
Exhibit No. Description
3.2.1 Amendment to Bylaws of the Company, effective as of September 1,
99.1 Audit Committee Charter
99.2 Compensation Committee Charter
99.3 Nominating Committee Charter
99.4 Whistleblower Policy
99.5 Insider Trading Policy
99.6 Code of Conduct and Business Ethics
99.7 Dai Zheng's Resignation Letter Dated September 1, 2020
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