London, United Kingdom – April 1st, 2025 – Wealth Dragons Group PLC (“Wealth Dragons” or “the Company”), now rebranded as Techducate Holdings PLC, provides this focused investor update regarding the ongoing litigation against former director John Lee.
Ongoing Legal Action
Following the Company’s restructuring, Techducate Holdings PLC has assumed full responsibility for the litigation proceedings initiated against Mr. John Lee, relating to historic conduct during his tenure as a director of Wealth Dragons Group PLC. The case is being pursued with the support of DLA Piper, one of the world’s leading legal firms.
“We remain committed to protecting shareholder interests and the long-term integrity of the business,” said Vincent Wong, CEO of Techducate Holdings PLC. “This legal process is vital to ensure accountability and to recover potential losses arising from past misconduct.”
Litigation Progress Update
The legal process, as expected, is complex and requires detailed investigation. Over the past two years, the Company has worked closely with DLA Piper to:
- Establish the full quantum of the claim
- Clarify the legal grounds and supporting evidence
- Navigate key procedural steps necessary for case advancement
While progress has been necessarily methodical, we are pleased to confirm that a significant procedural milestone has recently been reached. Further details will be disclosed when legally appropriate and in accordance with court protocols.
Leadership Commitment & CEO Update
Over the past three years, CEO Vincent Wong has worked without remuneration, focused solely on protecting shareholder value, preserving company assets, and leading the recovery effort. His commitment to steering the Company back to strength is unwavering.
“This has been a personal mission as much as a professional one,” said Wong. “I am committed to ensuring Techducate Holdings returns to market stronger, more focused, and ready to scale.”
A future relisting of the Company remains a key objective, and will take place once the Company’s full value has been realised and stability is restored.
Next Steps
The Company will continue to provide updates to shareholders as and when meaningful progress can be reported. We thank you for your continued patience and support during this process.
For all enquiries, please contact:
Tracy Spooner
+44 (0)1908 032 432
info@techducateholdings.com
Risk Warning Disclaimer
The value of the securities and the income derived from them can fall as well as rise. Investors may not get back their initial investment. Past performance is not a reliable indicator of future performance and the amount realised may be less than the original investment made. Any estimates of future performance are based on assumptions that may not be realised. Any securities denominated in foreign currencies may see their value fall as a result of exchange rate movements. Market conditions may impact the liquidity and volatility of the securities and accordingly, an investor may find it difficult to realise an investment.
