Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

On March 2, 2022, Vitaxel Group Limited (the "Company") filed an amendment (the "Amendment") to its Amended and Restated Articles of Incorporation which (i) changed the name of the Company (the "Name Change") from "Vitaxel Group Limited" to "HWGC Holdings Limited" (ii) reduced the number of the issued and outstanding shares of common stock, par value $0.0001 per share (the "Common Stock") by effecting a reverse stock split in the split ratio of 1-for-10 (the "Reverse Stock Split") and (iii) increased the authorized share capital of the Company from 71,000,000 shares, consisting of 70,000,000 shares of Common Stock, and 1,000,000 shares of preferred stock, $0.0001 par value per share (the "Preferred Stock"), to 425,000,000, consisting of 400,000,000 shares of Common Stock and 25,000,000 shares of Preferred Stock.

Pursuant to Section 78.207 of the Nevada Revised Statutes, on January 10, 2022 the Board of Directors of the Company by unanimous written consent authorized the Amendment, and on January 11, 2022, pursuant to Section 78.320 of the Nevada Revised Statutes, the holders of approximately 53% of the voting stock of the Company approved the Amendment.

In connection with the Name Change and Reverse Stock Split, the Company submitted to the Financial Industry Regulatory Authority, Inc. ("FINRA") a voluntary request for a change of the Company's trading symbol. The Name Change and the Reverse Stock Split will become effective for trading purposes when approval of said corporate actions is approved by FINRA. The Company will file a Current Report on Form 8-K to disclose the effective date of the Name Change and trading symbol change upon receipt of the notification from FINRA. The new CUSIP number for the Company's Common Stock post-Reverse Stock Split is 92849Y 206.

A copy of the Amendment is filed as Exhibit 3.4 to this Current Report on Form 8-K and incorporated herein by reference.

Item 5.07 Submission of Matters to a Vote of Security Holders.

The information in Item 5.03 above regarding the approval of the Amendment by written consent of a majority of the Company's shareholders is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits





(d) Exhibits



Exhibits
Number     Description

  3.4        Certificate of Amendment to the Amended and Restated Articles of
           Incorporation filed with the Secretary of State of the State of Nevada
           on March 2, 2022

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