Beijing, China, Dec. 01, 2023 (GLOBE NEWSWIRE) — WeTrade Group Inc. (“WeTrade” or the “Company”) (NASDAQ: WETG), a global diversified “software as a service” (“SaaS”) technology service provider committed to offering technical support and digital transformation tools for enterprises across various industries, today announced that the company conducted an internal audit of departing executives and directors and found that the former COO Mr. Zhuo Li and former CFO Mr. Jianda Xu had a huge expenditure of $2 million, which has a lot doubts after investigation. At present, the company has reported the matter to PCAOB and submitted all information of the matter to the Chinese police.
In July 2022, the former COO Mr. Zhuo Li and former CFO Mr. Jianda Xu , under the pretext of paying guarantee and consulting fees to NASDAQ, allocated a huge expenditure of $2 million to “About Investment Pte. Ltd.”. After verification by the registration office, the company is actually 100% owned by a Chinese people named Li Jiaming.
The investigation found that on November 22, 2022, when TAAD, the former auditing company of WeTrade, questioned Mr. Jianda Xu about this $2 million through a WeChat group, Mr….
