---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-028690"
form_type: "8-K"
ticker: "WETH"
cik: "0001826660"
company_name: "Wetouch Technology Inc."
filed_at: "2021-11-15T23:59:59+00:00"
generated_at: "2026-06-28T08:38:41.522134+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Wetouch Technology issues $750k convertible note to Mast Hill Fund, appoints three new directors

## Summary
- Issued $750,000 convertible promissory note to Mast Hill Fund with 8% interest, due in 1 year; gross proceeds of $675,000 after original discount.
- Note convertible at $0.75 per share (or 70% of uplist offering price if uplist within 180 days); warrant to purchase 600,000 shares at $1.25 per share.
- Appointed Jing Chen, Wei Wang, and Jeff Kone as independent directors effective Nov 12, 2021, with deferred compensation tied to future uplist offering.
- Default interest rate of 16% if note not paid at maturity, and prepayment penalty of 10%.

## SEC filing metadata
- accession: 0001493152-21-028690
- form_type: 8-K
- ticker: WETH
- cik: 0001826660
- company_name: Wetouch Technology Inc.
- filed_at: 2021-11-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826660/000149315221028690/0001493152-21-028690-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826660/000149315221028690/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-028690
- JSON: https://secwatch.observer/filing/0001493152-21-028690.json
- Plain text: https://secwatch.observer/filing/0001493152-21-028690.txt

## Key facts
- Executive change
  Jeff Kone was appointed as Director at Wetouch Technology Inc..
  - Action: appointed
  - Role: Director
  source text: On November 12, 2021, the Company entered into a director service agreement (each, a “Director Service Agreement” and, collectively, the “Director Service Agreements”) with each of Jing Chen, Wei Wang, and Jeff Kone, pursuant to which Ms. Chen, Mr. Wang, and Mr. Kone were appointed as members of the Company’s board of directors (“Board”), effective as of November 12, 2021 (the “Commencement Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826660/000149315221028690/0001493152-21-028690-index.htm
- Executive change
  Wei Wang was appointed as Director at Wetouch Technology Inc..
  - Action: appointed
  - Role: Director
  source text: On November 12, 2021, the Company entered into a director service agreement (each, a “Director Service Agreement” and, collectively, the “Director Service Agreements”) with each of Jing Chen, Wei Wang, and Jeff Kone, pursuant to which Ms. Chen, Mr. Wang, and Mr. Kone were appointed as members of the Company’s board of directors (“Board”), effective as of November 12, 2021 (the “Commencement Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826660/000149315221028690/0001493152-21-028690-index.htm
- Executive change
  Jing Chen was appointed as Director at Wetouch Technology Inc..
  - Action: appointed
  - Role: Director
  source text: On November 12, 2021, the Company entered into a director service agreement (each, a “Director Service Agreement” and, collectively, the “Director Service Agreements”) with each of Jing Chen, Wei Wang, and Jeff Kone, pursuant to which Ms. Chen, Mr. Wang, and Mr. Kone were appointed as members of the Company’s board of directors (“Board”), effective as of November 12, 2021 (the “Commencement Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826660/000149315221028690/0001493152-21-028690-index.htm

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