Wetouch Technology Inc SEC Filings

Wetouch Technology (WETH) filed Amendment No. 2 to its definitive proxy to correct a typographical error: the proposed charter amendment would increase authorized common shares from 15,000,000 to 65,000,000 (not 500,000,000).

The 2025 Annual Meeting is set for December 26, 2025 at the company’s headquarters. Stockholders of record as of October 22, 2025 may vote on four items: elect five directors, ratify ST & Partners PLT as auditor for 2025, approve the charter amendment, and a non‑binding “say‑on‑pay” vote.

As context, 11,931,534 common shares were outstanding as of October 22, 2025. The filing notes potential effects of adding authorized shares, including dilution of ownership and earnings per share if new shares are issued in the future. The board unanimously recommends voting in favor of all proposals.

Wetouch Technology Inc. (WETH) filed Amendment No. 1 to its Definitive Proxy to correct the record date for its 2025 Annual Meeting to October 22, 2025. The meeting will be held on December 26, 2025 at 10:00 a.m. local time at the company’s headquarters in Meishan, Sichuan, China. Stockholders of record as of October 22, 2025 are entitled to vote.

The Board recommends voting in favor of all proposals: electing the director nominees named in the proxy; ratifying ST & Partners PLT as independent auditor for the fiscal year ending December 31, 2025; approving an amendment to the Articles of Incorporation to increase authorized common stock from 15,000,000 to 65,000,000 shares; and approving a non‑binding advisory vote on executive compensation.

As of the close of business on October 22, 2025, shares outstanding were 11,931,534. The proxy outlines standard voting methods (mail, online, email, fax) and quorum rules. The company reports 2024 audit fees of $250,000, and notes a related‑party payable of $149,211 as of December 31, 2024. If approved, the share increase would provide additional flexibility for future corporate purposes and may dilute existing holders’ voting power and earnings per share.

Wetouch Technology Inc. (WETH) set its 2025 Annual Meeting for December 26, 2025 at 10:00 a.m. local time at its headquarters in Meishan, Sichuan, China. Stockholders of record at the close of business on October 28, 2025 may vote.

Items up for vote include the election of directors, ratification of ST & Partners PLT as independent auditor for the fiscal year ending December 31, 2025, a charter amendment to increase authorized common stock from 15,000,000 to 65,000,000 shares, and a non‑binding say‑on‑pay advisory vote. The Board recommends voting in favor of all proposals.

There were 11,931,534 shares of common stock outstanding as of the record date. Auditor fees were $250,000 for 2024 and $275,000 for 2023. The proxy outlines quorum, voting mechanics, and multiple ways to vote (mail, online, in person). A 2024 related‑party payable of $149,211 to an affiliate is disclosed as reviewed under the company’s related‑party policy.

Wetouch Technology Inc. (WETH) appointed Yunna Liu to its Board of Directors, effective November 1, 2025. She will serve on the Audit, Compensation, and Nominating & Corporate Governance Committees, and was named Chairperson of the Audit Committee.

The Board determined Ms. Liu qualifies as an “audit committee financial expert” under SEC rules. Her background includes over twenty years in auditing, accounting, and financial management, with roles at Hongkong Succeed Capital Limited and Sichuan Anbixin Certified Public Accountants. The company disclosed there are no compensation arrangements for this board appointment.

Wetouch Technology Inc. (WETH) is soliciting proxies for its 2025 Annual Meeting. Stockholders will vote on director elections, ratification of ST & Partners PLT as independent auditor for the fiscal year ending December 31, 2025, an amendment to increase authorized common shares to 65,000,000, and a non-binding advisory vote on executive compensation.

The Board unanimously recommends voting in favor of all proposals. The Charter Amendment to increase authorized shares requires the affirmative vote of a majority of the voting power of outstanding common stock. The record date is October 28, 2025. As context, shares outstanding were 11,931,534 as of September 8, 2025. The proxy also discloses 2024 audit fees of $250,000 and a related‑party payable of $149,211 as of December 31, 2024. Stockholders may vote by mail, online, email, fax, or in person at the meeting in Meishan, Sichuan, China in December 2025.

Wetouch Technology Inc. (WETH) reported it has regained compliance with Nasdaq Listing Rule 5250(c)(1). Nasdaq granted an extension until October 13, 2025 for the company to file its delayed quarterly reports, and Wetouch filed its Form 10‑Q for the period ended March 31, 2025 on October 8, 2025 and its Form 10‑Q for the period ended June 30, 2025 on October 9, 2025. Nasdaq notified the company on October 10, 2025 that it is current in its periodic reporting requirements. The deficiency matter previously disclosed under Item 3.01 has been closed.

Wetouch Technology Inc. reported modest top-line growth with quarterly revenue of $12.4M, up 1.6% year-over-year, while gross profit fell to $4.1M (gross margin 33.1% vs 39.7% prior year). Net income totaled $2.2M, down 18.5%, as shipment volume rose to 615,742 units, up 5.1%. Cash and cash equivalents were reported at $110.5M at period end.

The company discloses material concentration risks: five customers together account for large shares of revenue and several suppliers represent roughly half of raw-material purchases. Management noted significant internal control and financial reporting deficiencies and ongoing Sarbanes-Oxley remediation efforts. The company prepaid land purchase for a new facility and expects a land-use certificate by H2 2026, but says additional financing may be required to complete construction and install production lines.

Wetouch Technology Inc. reported modest revenue growth with meaningful margin improvement in Q1. Revenue rose to $15.3M, up 2.7% year-over-year, while gross profit increased to $5.6M (a 69.7% rise) driving a gross margin of 36.9% versus 22.4% a year earlier. Net income improved to $2.5M, up 316.7%, and total units shipped were 762,545, up 11.9%.

Financial position highlights include cash and equivalents of $106.4M at period end and net cash provided by financing activities of $7.5M. The company completed corporate restructurings including a reverse stock split and reports 11,931,534 shares outstanding. Material risks disclosed include heavy reliance on top customers, significant accounts receivable collectability risk, the need for additional financing to execute growth plans, potential loss of preferential PRC tax treatments, supply-chain and raw material cost volatility, and regulatory risks including possible trading prohibition under the Holding Foreign Companies Accountable Act if PCAOB inspection status remains unresolved.