Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 19, 2021, Mr. Donghui tendered his resignation as an independent
non-executive director of the Board of Director of WeTrade Group Inc. (the
"Company"), effective immediately. Mr. Wang's resignation was not a result of
any disagreement with the Company's operations, policies or procedures.
On April 19, 2021, Mr. Biming Guo was appointed as a director of the Company to
replace Mr. Wang. Mr. Guo qualifies as an independent director under rules of
The Nasdaq Stock Market. He is serving as the Chair of Audit Committee and a
member of the Nominating Committee of the Company.
The biographical information of Mr. Biming Guo is set forth below:
Mr. Guo has over 25 years of experience as a CPA in M&A, investment and finance.
Mr. Guo now serves as the Accountant-in-Chief and Legal Representative at
Jinchengfeng (Xiamen) CPA, an accounting firm in China, where he manages a team
of 20 people, focusing on various NEEQ and IPO projects, as well as internal
control and tax management counseling. Between April 2016 and April 2018, Mr.
Guo was a Senior Auditor at Zhongxincai Guanghua CPA LLP in Beijing, China,
where he spearheaded various NEEQ, IPO, internal control and tax management
counseling projects. Between July 2014 and March 2016, Mr. Guo was a Project
Manager at Founder Securities Co., Ltd, where he served as a financial
consultant, responsible for analyzing and performing due diligence on various
major assets in underwriting, restructuring, and M&A projects. Mr. Guo started
his career in 1996 at Ji'an Developmental Bank, where he served for over a
decade in credit risk management. Mr. Guo graduated from Nanchang University in
China with a bachelor's degree. He has been a CPA since 2004, a Certified Tax
Agent since 2005, and a licensed attorney since 2010.
Mr. Guo does not have a family relationship with any director or executive
officer of the Company. Mr. Guo has not been involved in any transaction with
the Company during the past two years that would require disclosure under Item
404(a) of Regulation S-K.
Mr. Guo entered into a Service Contract with the Company and agreed to receive a
monthly compensation of $,2000, effective April 19, 2021 for 24 months. The
employment agreement is qualified in its entirety by reference to the complete
text of the agreement, which is filed hereto as Exhibits 10.1.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
10.1 Service Contract between the Company and Biming Guo, dated April
99.1 Correspondence of Wang Dong Hui's Resignation as an Independent
Director of the Board of the Company, dated April 19, 2021
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