BEIJING, May 20, 2023
/PRNewswire/ -- 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
received a notification from NASDAQ on May
17, 2023, which states that due to the Company's failure to
timely file its quarterly report on Form 10-Q for the quarter ended
March 31, 2023, the Company failed to comply with Nasdaq's
filing requirements set forth in Listing Rule 5250(c)(1) The matter
serves as an additional basis for delisting the Company's
securities from The Nasdaq Stock Market.
This notification from Nasdaq also serves as a formal
notification that the Nasdaq Hearings Panel (the "Panel") will
consider this noncompliance in rendering a determination regarding
the Company's continued listing on The Nasdaq Capital Market.
Pursuant to Listing Rule 5810(d), the Company should present its
views with respect to this additional delinquency to the Panel at
its hearing. If the Company fails to address this additional issue
at its hearing, the Panel will consider the record as presented at
the hearing and will make its determination based upon that
information.
The Company is in the process of preparing the plan to regain
compliance and will submit relevant materials to the Panel to
regain compliance as soon as possible.
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 four
business segments of WeTrade Group are YCloud, WTPay ,Y-Health and
YG.
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.
Y-Health is the sector focusing on public health business, which
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.
YG is the new energy business segment which mainly provides
tools and technical support for the digital new energy industry in
the Middle East and Central Asia.
For more information, please
visit https://ir.wetg.group.
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.
View original
content:https://www.prnewswire.com/news-releases/wetrade-group-inc-received-a-non-compliance-notification-from-nasdaq-301830142.html
SOURCE WeTrade Group Inc.