Filing Details

Accession Number:
0001553350-19-000449
Form Type:
13D Filing
Publication Date:
2019-04-29 17:07:42
Filed By:
Lfa Irrevocable Trust
Company:
Wewards Inc.
Filing Date:
2019-04-29
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
THE LFA IRREVOCABLE TRUST 30,406,035 0 30,406,035 0 30,406,035 28.3%
THE LFC IRREVOCABLE TRUST 30,406,035 0 30,406,035 0 30,406,035 28.3%
Filing


 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. __)*


Wewards, Inc.

(Name of Issuer)


Common Stock, $.001 par value

(Title of Class of Securities)

 

96207P103

(CUSIP Number)

 

John B. Lowy

645 Fifth Avenue, Suite 400, New York, NY 10022

(2120 371-7799

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)


April 24, 2019

(Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨


Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule.13d-7 for other parties to whom copies are to be sent.



*

The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


(Continued on following pages)

  

     




CUSIP No. 96207P103

13D

Page 2 of 5 Pages

 

1

NAME OF REPORTING PERSONS


THE LFA IRREVOCABLE TRUST

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)   þ

(b)   ¨

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 OO


 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

¨

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

 

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON WITH:

 

7

SOLE VOTING POWER

 

30,406,035 common shares

 

 

8

SHARED VOTING POWER


0

 

 

9

SOLE DISPOSITIVE POWER

 

30,406,035 common shares

 

 

10

SHARED DISPOSITIVE POWER


0

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


30,406,035 common shares

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES


¨

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)


28.3%

 

14

TYPE OF REPORTING PERSON


OO

 







CUSIP No. 96207P103

13D

Page 3 of 5 Pages

 

1

NAME OF REPORTING PERSONS


THE LFC IRREVOCABLE TRUST

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)   þ

(b)   ¨

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

¨

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

 

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON WITH:

 

7

SOLE VOTING POWER

 

30,406,035 common shares

 

 

8

SHARED VOTING POWER


0

 

 

9

SOLE DISPOSITIVE POWER

 

30,406,035 common shares

 

 

10

SHARED DISPOSITIVE POWER


0

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


30,406,035 common shares

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES


¨

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)


28.3%

 

14

TYPE OF REPORTING PERSON


OO

 








CUSIP No96207P103

13D

Page 4 of 5 Pages

 

ITEM 1.  

SECURITY AND ISSUER


Wewards, Inc. Common Stock, $.001 p.v.


ITEM 2.  

IDENTITY AND BACKGROUND


The reporting persons are Irrevocable Trusts for the benefit of the minor children of Lei Pei, the Issuers CEO and largest shareholder. The Trustee of both Irrevocable Trusts is Chenfang Wang, Mr. Peis wife.


During the past five years, neither the Trusts nor the Trustee has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).


During the past five years, neither the Trust nor the Trustee has been party to a civil proceeding of a judicial or administrative body of competent jurisdiction; and neither is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or any violation with respect to such laws.

 

ITEM 3.  

SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.


The reporting persons shares were transferred from Issuers CEO and largest shareholder, Mr. Lei Pei, as a gift, without consideration.

 

ITEM 4.  

PURPOSE OF TRANSACTION.


The purpose of the transaction was to enable the Trusts to acquire a majority interest in the Issuers common shares.


ITEM 5.  

INTEREST IN SECURITIES OF THE ISSUER.


(a)

Each Trust owns 30,406,035 of the Issuers issued and outstanding common shares, i.e., a total of 60,812,070 shares, 56.6%.


(b)

The Trusts Trustee is the wife of the Issuers CEO and largest single shareholder of the Issuer. Notwithstanding, the Trustee of the Trusts has sole voting and sole power to dispose of or direct the disposition of the shares of each Trust.


(c)

The shares were transferred to the Trusts on April 24, 2019.


(d)

No other person has rights with respect to the shares.


(e)

Not applicable.



ITEM 6.  

CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

 

Other than as described herein, there are no contracts, arrangements understandings or relationships between the Trust and any other person with respect to the Issuers securities.


ITEM 7.  

MATERIAL TO BE FILED AS EXHIBITS.

 

Exhibit

Number

 

Exhibit

Name

 

 

 

NONE.

 

 

  

 




CUSIP No. 96207P103

13D

Page 5 of 5 Pages

 

SIGNATURE


After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


 

THE LFA IRREVOCABLE TRUST

 

 

 

 

 

 

By:

/s/ Chenfang Wang

 

 

 

Name: Chenfang Wang, Trustee

 

 

 

 

 

 

 

 

 


 

THE LFC IRREVOCABLE TRUST

 

 

 

 

 

 

By:

/s/ Chenfang Wang

 

 

 

Name: Chenfang Wang, Trustee

 

 

 

 

 

 

 

 

 

Dated: April 29, 2019