Our reporter Li Rushi
Recently, Yueshang Group stated that the previously disclosed third quarter report for 2023 was not signed and released by the current management of the company, but was deliberately falsified by the departing team, including former CEO Wei Hechun. The data disclosed in the report is not true.
Yueshang Group pointed out 9 descriptions and data in the third quarter report that were inconsistent with the actual situation, including:
Firstly, on page 1 of the financial report, the announcement disclosed that the main administrative office is located at Room 519, 5th Floor, Building T3, Unit 2, Qianhai Excellent Financial Center, Guiwan District, Nanshan District, Shenzhen, China. However, regardless of the company's announcement or enterprise inspection data, the company has never had any registration information at this address. The actual address of the company is Room 101, 1st Floor, Building 8, Courtyard 18, Science and Technology 10th Street, Beijing Economic and Technological Development Zone.
Secondly, in the financial report, regarding cash and cash equivalents, as of September 30, 2023, the company held an amount of 1.416885 million US dollars in the bank, of which the US account was shown to be zero. In fact, the company's US bank account deposit is not 0, but 163 US dollars.
Thirdly, the other comprehensive income in the consolidated operating statements in the financial report is 0. But on July 21, 2023, WETG's wholly-owned subsidiary, Beijing Yueshang Digital Technology Group Co., Ltd., located in China, received a cash grant of 6 million RMB from China's business and financial services policy. This is seriously inconsistent with the announcement that other comprehensive income is 0.
Fourthly, in the financial statements released this time, the Bitcoin acquisition strategy was officially announced, but the source of funds for the company's purchase of Bitcoin was not disclosed.
In addition, there are discrepancies between the actual situation and the handling of termination of business, data on total share capital, employee salaries and benefits, new business, and legal proceedings.