Highest-materiality recent filing
Entered into share purchase agreements with controlling shareholders Qixun Technology and Qihong Technology to issue 31,037,830 shares at $1.25 per share for gross proceeds of $38,797,287.50.
Wetouch Technology declares $0.5M special cash dividend ($0.04/share)
Special dividend of US$0.5 million (~US$0.04 per share) approved by Board.
Wetouch Technology increases authorized common shares from 15M to 65M
Authorized shares of common stock increased from 15,000,000 to 65,000,000.
Wetouch shareholders approve authorized stock increase to 65M; all director nominees elected
Authorized common stock increased from 15M to 65M shares; 5.25M for vs 1.05M against.
Wetouch Technology appoints Yunna Liu as independent director and Audit Committee chair
Yunna Liu appointed to Board, Audit Committee (Chair), Compensation Committee, and Nominating Committee effective Nov 1, 2025.
Wetouch regains Nasdaq compliance by filing delinquent Q1 and Q2 2025 10-Qs
Filed 1st Form 10-Q (March 31, 2025) on Oct 8, 2025; 2nd Form 10-Q (June 30, 2025) on Oct 9, 2025.
Director Guijun Gan resigns from Wetouch board and committees effective Sept 16, 2025
Ms. Guijun Gan resigned as a Board member and chair of Nominating and Corporate Committee on Sept 16, 2025.
Wetouch regains Nasdaq bid price compliance; gets extension to file delinquent Q reports
Regained compliance with Nasdaq's $1.00 bid price rule as of September 15, 2025; prior deficiency closed.
Wetouch Technology appoints Jian Feng to board, replacing Jiaying Cai who resigned
Jiaying Cai resigned as director on Sep 4, 2025, with no disagreement with the company.
Received Nasdaq notice on August 21, 2025 for failure to timely file Form 10-Q for period ended June 30, 2025, in addition to previously delinquent Form 10-K (FY2024) and Form 10-Q (Q1 2025).
Wetouch receives Nasdaq bid price deficiency notice; has until Jan 12, 2026 to regain compliance
Nasdaq notified Wetouch that its closing bid price was below $1.00 for 30 consecutive business days as of July 15, 2025.
Wetouch Tech provides former auditor Enrome LLP letter on accounting change
Amendment adds letter from Enrome LLP to SEC regarding June 2025 auditor change.
Wetouch Technology appoints ST & Partners PLT as new auditor effective June 27, 2025
Audit Committee appointed ST & Partners PLT as independent registered public accounting firm, effective June 27, 2025.
Nasdaq grants Wetouch extension to Oct 13, 2025 for late filings; auditor Enrome dismissed
Nasdaq accepted compliance plan, granting exception until Oct 13, 2025 to file overdue 10-K (2024) and 10-Qs (Q1, Q2 2025).
Wetouch receives Nasdaq non-compliance notice for late Q1 2025 10-Q and FY2024 10-K
Nasdaq notice dated May 27, 2025: Wetouch failed to file Form 10-Q for March 31, 2025 and remains delinquent on Form 10-K for December 31, 2024.
Board member Jing Chen resigns; Guijun Gan appointed audit chair, Jing Guo joins board
Jing Chen resigned as director and committee member on April 29, 2025, citing no disagreement.
Wetouch receives Nasdaq non-compliance notice for late 2024 10-K filing
Received Nasdaq notice on April 21, 2025 for failing to file its 2024 Form 10-K by the March 31 due date.
Wetouch Technology CFO Yuhua Huang resigns; Xing Tang appointed as new CFO effective July 8, 2024
Yuhua Huang resigned as CFO on July 8, 2024, with no disagreement with the Company.
Wetouch Technology announces $15M stock buyback; CEO says stock significantly undervalued
Board approved repurchase of up to $15 million of common stock at $1-$4 per share.
Wetouch appoints three new directors; Cai named Chairman effective July 1
Guangrong Cai appointed Chairman of the Board, effective July 1, 2024.
Three directors resign from Wetouch board including Chairman Fei Bai
Fei Bai resigned as Chairman and Board member on June 3, 2024; no disagreement cited.
Wetouch Technology dismisses BF Borgers as auditor after SEC order; engages Enrome LLP
Audit committee dismissed BF Borgers CPA PC on May 9, 2024, effective immediately.
Wetouch Technology raises $10.8M in public offering, uplists to Nasdaq Capital Market
Sold 2.16M shares at $5.00 each for gross proceeds of $10.8M; net proceeds ~$9.8M after discounts and expenses.
Wetouch Technology announces 1-for-20 reverse stock split effective September 12, 2023
Reverse stock split at 1-for-20 ratio effective September 12, 2023 on OTCQB.
Wetouch appoints director, authorizes reverse stock split (1:5 to 1:80)
Congjin Wang appointed to Board effective Feb 17, 2023; serves on Audit, Compensation, and chairs Nominating/Governance.
Wetouch Technology raises $40M through sale of 160M shares at $0.25 each
Sold 160,000,000 shares of common stock for aggregate purchase price of $40,000,000.
Wetouch Technology 80% complete on new Chengdu production facility; expects Q1 2023 mass production
Completed 80% of construction on new Chengdu production facility; expects completion by end of 2022.
Fei Bai appointed as Board member and Chairman effective August 31, 2022; brings finance expertise.
Wetouch extends registration deadline for $250K convertible note, repays $25K per 30-day extension
Amended promissory note with Talos Victory Fund extends registration effectiveness to 150 days (from 60).
Wetouch Technology issues $750k convertible notes and warrants to three lenders
Each of three lenders receives a $250,000 convertible note; total principal $750,000; gross proceeds $675,000 after original discount.
Wetouch Technology issues $500K in convertible notes with warrants to two lenders
Issued $250K convertible notes to FirstFire Global Opportunities (Nov 16) and LGH Investments (Nov 24).
Wetouch Technology issues $750k convertible note to Mast Hill Fund, appoints three new directors
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.
Wetouch Technology issues $250K convertible note with warrant to Talos Victory Fund
Issued $250K convertible promissory note at 8% interest, due in one year; received $225K gross proceeds after original discount.
Wetouch Technology reports Q2 2021 unaudited results; no financial details available
Press release issued August 10, 2021 announces Q2 2021 unaudited financial results.
On May 1, 2025, the Board appointed Jing Guo to serve as a member of the Board, the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as the Chairperson of the Nominating and Corporate Governance Committee.
On May 1, 2025, the Board appointed Guijun Gan to serve as the Chairperson of the Audit Committee of the Board and removed him from his position as the Chairperson of the Nominating and Corporate Governance Committee of the Board.
On April 29, 2025, Ms. Jing Chen tendered her resignation as a member of the Board of Directors (the “Board”) of Wetouch Technology Inc. (the “Company”), which means that she will no longer serve as a member of the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as the Chairperson of the Audit Committee.
On July 8, 2024, Mr. Yuhua Huang resigned as a Chief Financial Officer of Wetouch Technology Inc. (the “Company”).
On July 8, 2024. the Board of Company appointed Xing Tang to serve as the Chief Financial Officer of the Company, effective July 8, 2024.
(ii) Jiaxing Huang to serve as a member of the Board, the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as chairperson of the Compensation Committee
(iii) Guijun Gan to serve as a member of the Board, the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as chairperson of the Nominating and Corporate Governance Committee
(i) Guangrong Cai to serve as a member of the Board and Chairman of the Board
Mr. Fei Bai resigned as a member of the Board of Directors (the “Board”) and as the Chairman of the Board.
Mr. Congjin Wang resigned as a member of the Board and the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as chairperson of the Nominating and Corporate Governance Committee.
Mr. Xiaojin Tang resigned as a member of the Board and the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as chairperson of the Compensation Committee.
The Board of Directors (the “Board”) of Wetouch Technology Inc. (the “Company”) has appointed Congjin Wang to serve as a member of the Board, effective February 17, 2023 and to serve as a member of the Audit Committee, the Compensation Committee and as the Chairman of Nominating and Corporate Governance Committees of the Board.
Max materiality 0.85 · Median 0.55 · Most common event other_material