Next Technology Holding Inc. (Nasdaq: NXTT) details $120k exit deal for chair

Rhea-AI Filing Summary

Next Technology Holding Inc., formerly WeTrade Group Inc., reported that Lichen Dong resigned on December 10, 2025 as a director, Chairman of the Board, and Chair of the Nominating Committee. The company states his resignation was not due to any disagreement with its operations, policies, or procedures.

Under a Resignation and Release Agreement, the company will make a one-time cash payment of $120,000 to Mr. Dong within 90 business days from the resignation date as full settlement of all outstanding obligations between the parties. The agreement includes mutual releases of claims, non-disparagement commitments, and continued confidentiality obligations.

Insights

Corporate governance analyst

Board chair resigns with a defined cash settlement and standard release terms.

Next Technology Holding Inc. disclosed that Lichen Dong resigned as director, Chairman of the Board, and Chair of the Nominating Committee effective December 10, 2025. The company explicitly notes that his departure was not due to any disagreement with its operations, policies, or procedures, which typically signals an orderly transition rather than a dispute-driven exit.

The one-time $120,000 payment under the Resignation and Release Agreement is framed as full and final settlement of all outstanding obligations between the parties. Standard features such as mutual releases, non-disparagement covenants, and ongoing confidentiality are designed to minimize future conflicts or public disputes related to his tenure or departure.

From a governance perspective, the key consideration is how board leadership responsibilities are reallocated, particularly the Chairman role and Nominating Committee leadership. The long-term impact will depend on how the refreshed board composition and committee structure support the company’s strategic direction and oversight quality.

false 0001784970 00-0000000 0001784970 2025-12-12 2025-12-12 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): December 12, 2025

Next Technology Holding Inc.

(formerly known as “WeTrade Group Inc.”)

(Exact name of Company as specified in charter)

Wyoming		001-41450		N/A
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification Number)

1376-7 Oba, Kasukabe City, Saitama Prefecture, Grandage 3, Takebashi 408

Japan 344-0021

+852 9054 9481

(Address, including zip code, and telephone number, including area code, of principal executive offices)

Wyoming Registered Agent

1621 Central Ave Cheyenne, Wyoming 82001

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		NXTT		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 10, 2025, Mr. Lichen Dong tendered his resignation as a member of the Board of Directors, Chairman of the Board of Directors, and Chairman of the Nominating Committee of Next Technology Holding Inc. (the “Company”), effective December 10, 2025 (the “Resignation Date”). Mr. Dong’s resignation was not the result of any disagreement with the Company’s operations, policies or procedures.

In connection with Mr. Dong’s departure, on December 10, 2025, the Company and Mr. Dong entered into a Resignation and Release Agreement. Pursuant to the terms of the Resignation and Release Agreement, the Company will make a one-time cash payment in the amount of US$120,000 to Mr. Dong within 90 business days from the Resignation Date as a full and final settlement of all outstanding obligations between the Company and Mr. Dong. The Resignation and Release Agreement also includes mutual release of claim and non-disparagement covenants, and Mr. Dong remains subject to customary confidentiality obligations. 

The foregoing summary of the Resignation and Release Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Resignation and Release Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
10.1		Resignation and Release Agreement, dated December 10, 2025, between Next Technology Holding Inc. and Lichen Dong.
104		Cover Page Interactive Data File (embedded within the Inline XBRL Document).

1 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	NEXT TECHNOLOGY HOLDING INC.
Date: December 12, 2025	By:	/s/ Wei Hong Liu
	Name:	Wei Hong Liu
	Title:	CEO

2 

FAQ

What leadership change did Next Technology Holding Inc. (NXTT) disclose?

Next Technology Holding Inc. reported that Lichen Dong resigned effective December 10, 2025 as a member of the Board of Directors, Chairman of the Board, and Chairman of the Nominating Committee.

Was Lichen Dong’s resignation from NXTT due to a disagreement with the company?

The company states that Mr. Dong’s resignation was not the result of any disagreement with its operations, policies, or procedures.

What payment will Next Technology Holding Inc. make to Lichen Dong after his resignation?

Under a Resignation and Release Agreement, the company will make a one-time cash payment of $120,000 to Mr. Dong within 90 business days from the December 10, 2025 resignation date.

What are the key terms of Lichen Dong’s Resignation and Release Agreement with NXTT?

The agreement provides a $120,000 lump-sum payment as full and final settlement of all outstanding obligations, and includes mutual releases of claims, non-disparagement covenants, and ongoing confidentiality obligations.

Where is Next Technology Holding Inc. based and how is it organized?

Next Technology Holding Inc. is incorporated in Wyoming and lists its principal executive offices at an address in Kasukabe City, Saitama Prefecture, Japan. Its common stock trades on The Nasdaq Stock Market under the symbol NXTT.

Does the NXTT disclosure mention any exhibits related to Lichen Dong’s resignation?

Yes. The company lists as an exhibit a Resignation and Release Agreement dated December 10, 2025 between Next Technology Holding Inc. and Lichen Dong, along with a cover page interactive data file.