London, United Kingdom - May 7th, 2024 - Wealth Dragons Group PLC (“Wealth Dragons” or “the Company”) (VIE: WDG) (ISIN: GB00BGMGZR93) issues an update from Wealth Dragons Group PLC CEO Vincent Wong.
Wealth Dragons Group PLC CEO Vincent Wong has provided an update on the company’s ongoing case against former CEO John Lee and future plans.
We thank our shareholders for their patience as this legal process continues. Litigation is a lengthy and confidential process, and while we wish to provide more information to our investors, doing so could compromise the legal process and the case's outcome. Shareholders can rest assured that Wealth Dragons is fully committed to pursuing every legal avenue to protect the company's rights and assets, as well as recover its losses. We will issue updates on this process as soon as it becomes feasible to do so.
Our board and advisors are diligently working on strategies and plans for the future, including considering a radical restructuring of the company aimed at securing value for our shareholders, stability, market focus, and overall business growth. The restructuring process has already begun with an expanded sales and marketing push for our core educational business and a re-engineering of this model. This has already had a significant positive impact on our sales. We will continue to update the market and our shareholders with further details as they become available.
Additionally, we are excited to announce that our much anticipated APP Consultz is currently in BETA testing and is scheduled to be available to a select group of our network of experts in the coming months, with a full public launch later this year.
"The economic and market conditions of the last couple of years have presented challenges for many businesses, further compounded by the legal action against John Lee, prompting us to re-evaluate our operational efficiency and value proposition for our shareholders. This ongoing process is intended to ensure the company's future security.
I am personally dedicated to the company's success and will take every necessary step to secure its future. Over the past two years, I have forgone my salary or remuneration and have committed significant funds to the company to ensure stability.
We have several exciting opportunities in the pipeline in the coming months, including a revitalisation of our core business and the launch of our innovative APP Consultz. These initiatives are key to our future success, and our team is diligently developing a strategy and structure to support their growth. We thank all our shareholders for their patience and assure them that the board has their best interests at the core of our future plans."
- Vincent Wong, CEO of Wealth Dragons Group PLC.
About Wealth Dragons Group PLC
Founded in 2009 Wealth Dragons spent ten years building their business with live events globally. In 2019 the company was listed on the Direct Market of Vienna Stock exchange. The company has already invested £4 Million in the development and promotion of its digital platforms, expanding access and opportunity to self-education resources for everyone.
For media inquiries and more information please contact:
Vincent Wong
+44 (0)1908 032 432
For further investment information please contact: investors@wealthdragons.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.
