Wetrade Group Inc. announced that it has entered into a Subscription Agreement with certain investors for 105,400 common shares at a price of $5.85 per Common Share for gross proceeds of $616,590 on July 26, 2023. The company issued warrants to purchase up to 100% of the number of the Company?s Common Stock underlying the aggregate value of the price underlying the Subscription Agreement until the five-year anniversary of the closing date at an exercise price of $5.15. The shares of Common Stock prescribed under the Subscription Agreement and the Warrants have been offered and sold pursuant to exemptions from the registration requirements of the Securities Act afforded by Section 4(a)(2) thereof and Rule 506 of Regulation D promulgated thereunder, for the sale of securities not involving a public offering.

The transaction is expected to close on August 15, 2023.