Here are 1-3 brief analogies to describe Wetouch Technology (WETH):

• Corning for industrial touchscreens.
• The Synaptics of physical touch panels.

• Projected Capacitive Touchscreens (PCAP touchscreens): Advanced multi-touch interfaces that detect touch through electrical field changes, primarily used in industrial human-machine interfaces, medical devices, and point-of-sale systems.

Wetouch Technology (WETH) sells primarily to other companies (B2B). These companies are manufacturers across various industries that integrate Wetouch's projected capacitive touchscreens into their final products.

Due to confidentiality agreements, Wetouch Technology does not disclose the specific names of its major customer companies in its public filings. Therefore, it is not possible to list their names or stock symbols.

However, Wetouch Technology's products are primarily sold to manufacturers of the following categories of end-user products:

• Manufacturers of laptop computers
• Manufacturers of medical devices
• Manufacturers of automotive displays
• Manufacturers of industrial equipment
• Manufacturers of home appliances
• Manufacturers of other consumer electronics

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Zongyi Lian, Chief Executive Officer, President & Director

Mr. Lian has served as the Chief Executive Officer and President of Wetouch Technology Inc. since October 12, 2020. He also previously served as Chief Executive Officer of Sichuan Wetouch.

Xing Tang, Chief Financial Officer

Mrs. Tang was appointed Chief Financial Officer of Wetouch Technology Inc. effective July 8, 2024. She brings extensive experience to the company, having previously served as CFO of Elong Power Holdings Limited for over a decade and as Finance Director of China XD Plastics Co., Ltd. Mrs. Tang holds a bachelor's degree in Arts from Sichuan University, a bachelor's degree in Law from Foreign Affairs College, and an MBA with a concentration in Accounting from Seton Hall University. She is also a certified chartered accountant.

Jian Feng, Secretary & Director

Mr. Feng serves as the Secretary and a Director of Wetouch Technology Inc.

Guangrong Cai, Chairman of the Board

Mr. Cai holds the position of Chairman of the Board at Wetouch Technology Inc.

Yunna Liu, Independent Director, Chairperson of the Audit Committee

Ms. Liu was appointed as a member of Wetouch Technology Inc.'s board of directors, effective November 1, 2025, where she also serves as chairperson of the audit committee and a member of the compensation and nominating and corporate governance committees. She possesses over twenty years of experience in auditing, accounting, and financial management. From November 2024 to October 2025, Ms. Liu was a manager at Hongkong Succeed Capital Limited, focusing on pre-IPO financial due diligence and consolidation reporting for China-based companies. Since December 2024, she has also been an independent director and audit committee chair at Anhui Zhengxiaowan Catering Co., Ltd. Previously, from March 2018 to October 2024, she was an audit manager at Sichuan Anbixin Certified Public Accountants Co., Ltd. Ms. Liu holds a bachelor's degree in finance from Southwestern University of Finance and Economics and is a non-practicing member of the Chinese Institute of Certified Public Accountants.

The key risks to Wetouch Technology (WETH) include its non-compliance with Nasdaq listing rules, significant customer concentration, and concerns regarding its shareholder structure and management alignment.

1. Nasdaq Non-Compliance and Potential Delisting: Wetouch Technology has received a non-compliance notice from Nasdaq due to its failure to timely file its annual Form 10-K report for the fiscal year ended December 31, 2024. The company was given until June 20, 2025, to submit a compliance plan, and if accepted, may have until October 13, 2025, to file the overdue report. Failure to comply could lead to delisting, which would significantly reduce liquidity and investor confidence.
2. Customer Concentration: The company faces a substantial risk due to its high customer concentration, with its top five customers accounting for approximately 80% of its revenue. This dependency on a limited number of clients makes Wetouch vulnerable to pricing pressure and potential significant reductions in gross margin if a major customer reduces its business or demands more favorable terms.
3. Lack of Strong Shareholder Structure and Management Alignment: Wetouch Technology lacks a strong shareholder structure, with no single shareholder currently owning more than 5% of the company. This diluted ownership could potentially lead to higher agency costs and issues with capital resource management. Additionally, management's limited shareholdings may result in their interests not being fully aligned with those of the shareholders.

The increasing integration of touch technology directly into display panels (e.g., in-cell and on-cell touch), which reduces the market for standalone projected capacitive touchscreens that Wetouch Technology primarily manufactures.

Wetouch Technology Inc. (WETH) specializes in the research, development, production, and sale of medium to large-sized projected capacitive touchscreens and touch panel products. These products serve various industries, including automotive (GPS/car entertainment panels), industrial human-machine interfaces (HMI), financial and banking terminals, point-of-sale (POS) systems, lottery and gaming machines, smart home devices, robots, and charging stations.

The addressable markets for Wetouch Technology's main products are as follows:

• Global Touch Screen Display Market: The market size was valued at approximately USD 76.36 billion in 2023 and is projected to reach USD 194.44 billion by 2032.
• Global Touch Screen Module Market: This market was valued at USD 33.72 billion in 2024 and is expected to grow to USD 44.78 billion by 2033.
• China Touch Screen Module Market: The market size in China is projected to be USD 8.69 billion in 2025.
• U.S. Touch Screen Module Market: The market size in the United States is projected to be USD 11.76 billion in 2025.
• Europe Touch Screen Module Market: The market size in Europe is projected to be USD 9.1 billion in 2025.

Wetouch Technology (WETH) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

1. Expansion into New Geographic Markets and Customer Base Growth: The company has demonstrated success in expanding its customer base in regions such as Japan, South Korea, Europe, and North America. Domestic sales in China were also a primary driver of growth in the first half of fiscal year 2025, indicating a continued focus on broadening its market reach globally.
2. Growth in Key Application Segments: Wetouch Technology has experienced higher shipments in specific application areas, particularly automotive and gaming, which were significant contributors to its revenue growth in fiscal year 2024. Continued penetration and growth within these sectors are anticipated to be ongoing revenue drivers.
3. Launch of New Projects and Enhanced Product Offerings: The company is actively securing new customers and launching multiple new projects, as evidenced by developments in the first half of fiscal year 2025. Wetouch's commitment to innovation, ongoing investments in research and development, and efforts to enhance product offerings are expected to meet evolving customer needs and capitalize on emerging opportunities.
4. Increased Production Capacity from New Facility: A new production facility in Chengdu is slated for completion by the end of 2025, with mass production commencing in the second quarter of 2026. This expansion in manufacturing capacity is crucial for supporting anticipated increases in demand and overall revenue growth.
5. Strategic Partnerships and Sustained Innovation: Wetouch Technology aims to maintain its leadership position in the touch display industry through strategic partnerships and continuous innovation. These efforts are geared towards staying competitive and capturing a larger share of the market by offering cutting-edge technology and unparalleled performance in touch display solutions.

Share Repurchases

• Wetouch Technology announced a stock buyback program on July 8, 2024, authorizing the repurchase of up to $15 million of its common stock.
• At the time of the announcement, the company held over $90 million in cash, and management viewed the stock as significantly undervalued.
• As of Q3 2024, management was considering further share repurchases under the existing buyback program.

Share Issuance

• In February 2024, Wetouch Technology completed an underwritten public offering of 2.16 million shares of common stock at $5.00 per share, generating approximately $10.8 million in gross proceeds.
• A 1-for-20 reverse stock split became effective on September 12, 2023.
• The company sought stockholder approval on November 5, 2025, to increase authorized common shares from 15,000,000 to 65,000,000 to provide flexibility for future financing, equity compensation, conversions, or transactions.

Capital Expenditures

• Proceeds from the February 2024 public offering were intended for the construction of a new factory, facilities, office buildings, and the purchase of two new production lines.
• The construction of new production facilities in Chengdu, China, is projected for completion by the end of 2025, with mass production expected to begin in the second quarter of 2026.
• The company plans to fund the new facility construction primarily through existing cash on hand, which was approximately $106.4 million as of March 31, 2025, and operating cash flows, with potential additional financing if needed.