EXHIBIT 99.1
WRITTEN CONSENT TO ACTION WITHOUT MEETING
OF WETRADE GROUP INC.
BOARD OF DIRECTORS’ RESOLUTION APPROVING FORWARD SPLIT OF ALL ISSUED AND
OUTSTANDING SHARES OF THE COMMON STOCK
Pursuant to W.S.17-16-1020, and the bylaws, the following action is taken and approved by the Board of Directors of WETRADE GROUP INC. (the “Company”) by unanimous written consent as if a meeting had been properly called and held and all the directors were present at the meeting and voted in favor of such action:
WHEREAS, the Company finds it desirable to increase its issued shares of its Common Stock to provide for share affordability and increase investor demand; and
WHEREAS, the Company believes that a forward split of all issued and outstanding shares of Common Stock is the best way to achieve that aim; and
WHEREAS, the total number of shares of Common Stock the Company currently has issued and outstanding, as of August 13,2020, is 101,766,666 ; and
WHEREAS, a 3 for 1 forward split of its shares of Common Stock would result in approximately 305,299,998 total shares of Common Stock issued and outstanding; now, therefore, be it
RESOLVED, that the Company authorize and enact a 3 for 1 forward split of its shares of Common Stock (the “forward stock split”); and be it further
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RESOLVED, that the record date and time of the forward stock split be Friday, August 13, 2020 at 9:00 a.m. EST; and be it further
RESOLVED, that both the effective date and time, and payable date and time, of the forward stock split be Monday, August 28, 2020 at 9:00 a.m. EST; and be it further
RESOLVED, that if, as a result of the forward stock split, any shareholder holds a non-whole number of shares, that the shareholder be issued an additional fraction of a share sufficient to increase the number of shares held by the shareholder to the next whole number of shares; and be it further
RESOLVED, that the Company’s President, Dai Zheng, send a conformed copy of this resolution to the Company’s transfer agent, Globex Transfer LLC; and be it further
RESOLVED, that the forward stock split will not in any way affect the stated par value or number of authorized shares or in any other way change, alter or otherwise amend the Company’s Articles of Incorporation in the state of Wyoming, and that therefore no amendment to the Articles of Incorporation is required; and be it further
RESOLVED, that the directors of this Company are empowered and directed, in the name of and on behalf of the Company, to execute and sign this Resolution; and the officers and directors of the Company are empowered and directed in the name and on behalf of the Company to execute and deliver all documents, to make all payments, and to perform and otherwise act as necessary to carry out the purposes and intent of this Resolution, and all such acts and doings of the officers of the Company consistent with the purpose of this Resolution are hereby authorized, approved, ratified and confirmed in all respects.
IN WITNESS WHEREFORE, the undersigned, being all the Directors of WeTrade Group Inc. hereby sign this consent on August 13, 2020.
SIGNATURES
| WETRADE GROUP INC. | ||
| By: | /s/ Dai Zheng | |
| Dai Zheng Director | |
| CEO | ||
By: | /s/ Li Zhou |
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| Li Zhou |
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| Director/COO |
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By: | /s/ Kean Tat Che |
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| Kean Tat Che |
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| Director/CFO |
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