---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-059817"
form_type: "8-K"
ticker: "WETH"
cik: "0001826660"
company_name: "Wetouch Technology Inc."
filed_at: "2024-07-08T23:59:59+00:00"
generated_at: "2026-05-31T23:07:18.751323+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Wetouch Technology announces $15M stock buyback; CEO says stock significantly undervalued

## Summary
- Board approved repurchase of up to $15 million of common stock at $1-$4 per share.
- Buyback to run for up to 12 months from July 1, 2024, subject to market conditions.
- CEO Zongyi Lian cites over $90M cash ($8/share) vs. market cap under $30M as undervaluation.
- Repurchases may be made in open market or private transactions; no obligation to buy.
- Program can be suspended or discontinued at any time without notice.

## SEC filing metadata
- accession: 0001213900-24-059817
- form_type: 8-K
- ticker: WETH
- cik: 0001826660
- company_name: Wetouch Technology Inc.
- filed_at: 2024-07-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826660/000121390024059817/0001213900-24-059817-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826660/000121390024059817/ea0209074-8k_wetouch.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-059817
- JSON: https://secwatch.observer/filing/0001213900-24-059817.json
- Plain text: https://secwatch.observer/filing/0001213900-24-059817.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.