Wetouch Technology 80% complete on new Chengdu production facility; expects Q1 2023 mass production

Wetouch Technology Inc.

Completed 80% of construction on new Chengdu production facility; expects completion by end of 2022.
Investing RMB76M in factory construction and RMB20M for two automated touchscreen lines; mass production in Q1 2023.
Facility covers nearly 20 acres (30,000 sqm) in Strait Industrial Park, Wenjiang District, Chengdu.
CEO Zongyi Lian expects facility to generate annual sales >RMB1B and net income >RMB200M once operational.

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