ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for tools Level up your trading with our powerful tools and real-time insights all in one place.

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

WETH News

Official News Only

WETH Discussion

View Posts
glenn1919 glenn1919 3 days ago
WETH...........................https://stockcharts.com/h-sc/ui?s=WETH&p=W&b=5&g=0&id=p86431144783
๐Ÿ‘๏ธ0
abrooklyn abrooklyn 4 days ago
It looks like someone has โ€œinformationโ€
Volume in a half hr this am
has surpassed the 90 day avg volume

WETOUCH TECHNOLOGY INC.
FORM NT 10-Q
(Notification that Quarterly Report will be submitted late)
Filed 05/16/24 for the Period Ending 03/31/24

https://www.otcmarkets.com/filing/conv_pdf?id=17550129&guid=7iQ-kF3pD-GaJth
๐Ÿ‘๏ธ0
abrooklyn abrooklyn 4 days ago
WETOUCH TECHNOLOGY INC.
FORM 8-K
(Current report filing)
Filed 05/16/24 for the Period Ending 05/09/24

https://www.otcmarkets.com/filing/conv_pdf?id=17549484&guid=7iQ-kF3pD-GaJth
๐Ÿ‘๏ธ0
abrooklyn abrooklyn 2 weeks ago
Wetouch Technology Inc. Unveils Cutting-Edge Second-Generation Touchscreen Products and Receives US $15M in Orders

Source: PR Newswire (US)
CHENGDU, China, May 6, 2024 /PRNewswire/ -- Wetouch Technology Inc. (Nasdaq: WETH) proudly announces the launch of its highly anticipated second-generation touchable screen products. These innovative offerings redefine user experience with unmatched responsiveness, durability, and state-of-the-art design, solidifying Wetouch's position as an industry innovator and leader.

Mr. Tsungyi Lien, CEO of Wetouch Technology, stated:"We are thrilled to introduce our second-generation touchscreen products, which represent the culmination of years of research, development, and dedication to excellence. The overwhelming response from our clients reaffirms our commitment to delivering cutting-edge solutions that exceed expectations."

Several prominent international clients, including Siemens in Germany, as well as Canon and Sharp in Japan, have already placed orders for our latest products. These orders will contribute around US$15 million of new sales revenue for this fiscal year, emphasizing the remarkable market demand and the superior quality and performance of Wetouch's cutting-edge touchscreen solutions. The company is expecting more orders in the future.

About Wetouch Technology Inc.:

Wetouch Technology Inc. is a leading provider of innovative touchscreen solutions, dedicated to pushing the boundaries of technology to enhance user experiences across various industries. With a focus on quality, performance, and reliability, Wetouch continues to pioneer advancements in touchscreen technology, shaping the future of interactive digital interfaces worldwide.

*Safe Harbor Statement:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates, forecasts, and projections and involve risks and uncertainties that could cause actual results to differ materially from those anticipated. The Company assumes no obligation to update any forward-looking statements contained in this press release as a result of new information or future events or developments.

For media inquiries, please contact:

Horizon Investor Relations
Contact: Michael Wei
Email: hwey@horizonconsultancy.co
Financial Disclosure Advisory

Cision View original content:https://www.prnewswire.com/news-releases/wetouch-technology-inc-unveils-cutting-edge-second-generation-touchscreen-products-and-receives-us-15m-in-orders-302136745.html

SOURCE Wetouch Technology Inc.


Copyright 2024 PR Newswire
๐Ÿ‘๏ธ0
abrooklyn abrooklyn 2 weeks ago
Wetouch Technology Inc. Announces $56.3M USD Revenue Guidance for FY 2024, Reflecting 41% Growth Over FY 2023

Source: PR Newswire (US)
CHENGDU, China, April 22, 2024 /PRNewswire/ -- Wetouch Technology Inc. (NASDAQ: WETH), a trailblazer in the global touch display industry, is pleased to announce its revenue guidance of $56.3 million USD for the fiscal year 2024, reflecting robust 41% growth and a resilient financial performance.

Building upon the solid foundation laid in 2023, during which Wetouch recorded revenue of $39.70 million USD and net income of $8.26 million USD, the company continues to demonstrate its commitment to driving innovation and delivering value to shareholders. This marks a notable increase of approximately 41% in revenue from the previous fiscal year.

Mr. Tsungyi Lien, CEO of Wetouch, expressed his optimism regarding the company's performance, stating, "We are enthusiastic about Wetouch's performance and growth opportunities in fiscal year 2024. With an expanding portfolio of major clients globally, we are confident that our continued commitment to innovation and customer satisfaction will drive significant value for our shareholders."

Following this positive outlook, Wetouch remains dedicated to expanding its global footprint and enhancing its product offerings to meet the evolving needs of its customers. With ongoing investments in research and development, strategic partnerships, and operational efficiency, Wetouch is poised to capitalize on emerging opportunities and maintain its leadership position in the touch display industry.

About Wetouch Technology Inc.:

Wetouch Technology Inc. is at the forefront of providing premium touch display solutions, dedicated to reshaping human-machine interaction across diverse industries. With a relentless focus on innovation and customer satisfaction, Wetouch consistently delivers cutting-edge technology and unparalleled performance in touch display solutions globally.

Safe Harbor Statement:

This press release may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar expressions. Such statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Additional information regarding these risks and other factors is included in the Company's filings with the U.S. Securities and Exchange Commission (SEC). All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements, except as required by law.

This press release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer for sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

Cision View original content:https://www.prnewswire.com/news-releases/wetouch-technology-inc-announces-56-3m-usd-revenue-guidance-for-fy-2024--reflecting-41-growth-over-fy-2023--302123206.html

SOURCE Wetouch Technology Inc.


Copyright 2024 PR Newswire
๐Ÿ‘๏ธ0
Monksdream Monksdream 2 weeks ago
WETH new 52=lo
๐Ÿ‘๏ธ0
Monksdream Monksdream 2 weeks ago
WETH new 52 week low
๐Ÿ‘๏ธ0
molee molee 2 weeks ago
$WETH shorts have a vise like grip on this stock . Even with good news it gets crushed .
๐Ÿ‘๏ธ0
Awl416 Awl416 1 month ago
LOL
๐Ÿ‘๏ธ0
Awl416 Awl416 1 month ago
That was quick
๐Ÿ‘๏ธ0
Awl416 Awl416 1 month ago
Oink oink
๐Ÿ‘๏ธ0
abrooklyn abrooklyn 1 month ago
WETOUCH TECHNOLOGY INC.
FORM 8-K
(Current report filing)
Filed 02/23/24 for the Period Ending 02/23/24

https://www.otcmarkets.com/filing/conv_pdf?id=17303264&guid=szQ-kWUl8lFaJth

๐Ÿ‘๏ธ0
abrooklyn abrooklyn 2 months ago
Wetouch Announces Strategic Collaboration with IDEC Corporation, Elevating Presence in Japanese Touch Display Market

Source: PR Newswire (US)
CHENGDU, China, March 18, 2024 /PRNewswire/ -- Wetouch Technology Inc.(NASDAQ: WETH), a pioneering force in the global touch display industry, is proud to announce its latest milestone in establishing a robust international footprint. Through relentless dedication to innovation and customer satisfaction, Wetouch has solidified its position as a trusted provider of high-quality touch display solutions worldwide.

Building on its esteemed reputation and unwavering commitment to excellence, Wetouch has forged a strategic collaboration with IDEC Corporation, a distinguished leader in automation equipment based in Japan. IDEC's dedication to creating solutions that bridge the gap between people and machines aligns seamlessly with Wetouch's mission to deliver cutting-edge technology that enhances user experiences across various industries.

With a shared vision for advancing human-machine interaction (HMI), the official partnership between Wetouch and IDEC represents a significant milestone in the evolution of touch display technologies. This collaboration not only underscores Wetouch's continued growth and influence in the international market but also signifies a deeper penetration into the highly coveted Japanese touch display sector.

"Partnering with IDEC Corporation is a testament to Wetouch's unwavering commitment to innovation and customer-centricity," said Mr. Tsungyi Lien, the CEO of Wetouch. "We are thrilled to join forces with IDEC to deliver groundbreaking touch display solutions that will revolutionize the way people interact with technology in Japan and beyond."

IDEC Corporation, renowned for its comprehensive range of automation solutions and esteemed reputation in the field of switches, brings a wealth of expertise and credibility to the partnership. Together, Wetouch and IDEC are poised to drive advancements in HMI technology, empowering businesses and consumers alike with unparalleled touch display experiences.

The collaboration between Wetouch and IDEC Corporation heralds a new era of innovation and opportunity in the touch display industry. As both companies continue to push boundaries and elevate industry standards, customers can expect an unparalleled level of quality, reliability, and performance in touch display solutions.

For more information about Wetouch and its innovative touch display solutions, visit http://www.wetouchinc.com To learn more about IDEC Corporation and its comprehensive automation solutions, visit https://www.idec.com

About Wetouch Technology Inc.:

Wetouch is a leading provider of high-quality touch display solutions, committed to revolutionizing human-machine interaction across various industries. With a focus on innovation and customer satisfaction, Wetouch delivers cutting-edge technology and unmatched performance in touch display solutions worldwide.

About IDEC Corporation:

IDEC Corporation is a globally recognized leader in automation solutions, dedicated to creating innovative products that connect people and machines in Japan. With a diverse portfolio of automation equipment and a steadfast commitment to excellence, IDEC is shaping the future of automation technology worldwide.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Michael Wei

Horizon Research Management Consultancy

Email: hwey@horizonconsultancy.co

Cision View original content:https://www.prnewswire.com/news-releases/wetouch-announces-strategic-collaboration-with-idec-corporation-elevating-presence-in-japanese-touch-display-market-302091545.html

SOURCE WETOUCH TECHNOLOGY INC


Copyright 2024 PR Newswire
๐Ÿ‘๏ธ0
abrooklyn abrooklyn 2 months ago
WestPark Capital Announces Closing of $10.8 Million Public Offering of Common Stock for Wetouch Technology Inc (Nasdaq: WETH )

Source: Business Wire
WestPark Capital, Inc., a full-service investment bank and securities broker-dealer, today announced the closing of a $10.8 Million public offering for Wetouch Technology Inc. (Nasdaq: WETH ). (โ€œWetouchโ€ or the โ€œCompanyโ€), is a Nevada company, through its wholly-owned subsidiary, and is engaged in the research, development, manufacturing, sales and servicing of projected capacitive touchscreens. The offering consisted of 2,160,000 shares of common stock at a price to the public of $5.00 per share (the โ€œOfferingโ€).

Proceeds from the Offering will be used for the construction of a new factory, facilities and office buildings, the purchase of two production lines in the new factory, research and development, the repayment of convertible promissory notes, and working capital and general corporate purposes.

WestPark Capital, Inc. served as lead book running manager for the Offering.

The shares of common stock described above were offered by the Company pursuant to a registration statement on Form S-1 (File No. 333-270726) that was initially filed by the Company with the U.S. Securities and Exchange Commission (SEC) on March 21, 2023 and declared effective by the SEC on February 14, 2024. The Offering was made by means of a written prospectus that forms a part of the registration statement. A final prospectus relating to the Offering was filed with the SEC and is available on the SECโ€™s website located at http://www.sec.gov and may also be obtained from WestPark Capital, Inc., 1800 Century Park East, Suite 220, Los Angeles, CA 90067, tel: 310-203-2919, e-mail: jstern@wpcapital.com.

About WestPark Capital, Inc.

WestPark Capital is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecom industries, among other categories. WestPark Capital provides a comprehensive range of corporate finance services, including initial public offerings, follow-on offerings, private placements, CMPOs, RDs, ATM, SIPOs and corporate finance advisory services. Additional information about WestPark Capital is available at www.wpcapital.com or at info@wpcapital.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


View source version on businesswire.com: https://www.businesswire.com/news/home/20240228892455/en/

WestPark Capital, Inc.
Jason Stern
info@wpcapital.com
๐Ÿ‘๏ธ0
Awl416 Awl416 2 months ago
Uh oh
๐Ÿ‘๏ธ0
abrooklyn abrooklyn 3 months ago
Busy dayโ€ฆ.

WETH
Wetouch Technology Inc.
Common Stock
3.05
-4.45
-59.33%
Delayed (15 Min) Trade Data: 04:00pm 02/21/2024
OPEN
4.00
DAILY RANGE
2.61 - 4.49
VOLUME
565,453
๐Ÿ‘๏ธ0
Monksdream Monksdream 3 months ago
News

February 21, 2024
12:03 pm ET
Wetouch Technology Shares Drop 55% After Public Offering Prices
Dow Jones
12:01 pm ET
On Feb 20, 2024 Wetouch Technology Announced Pricing Of $10.8M Public Offering Of Common Stock; Co Began Trading On The Nasdaq Capital Market Today
Benzinga
๐Ÿ‘๏ธ0
Renee Renee 3 months ago
WETH moved to the Nasdaq from the OTC:

https://otce.finra.org/otce/dailyList?viewType=Deletions
๐Ÿ‘๏ธ0
abrooklyn abrooklyn 3 months ago
🙄🙄🙄

https://www.otcmarkets.com/stock/WETH/disclosure

https://www.otcmarkets.com/filing/conv_pdf?id=17254031&guid=rQd-kqgiDmQFJth

https://www.otcmarkets.com/filing/conv_pdf?id=17261551&guid=rQd-kqgiDmQFJth

https://www.otcmarkets.com/filing/pdf?id=17279867&guid=rQd-kqgiDmQFJth
๐Ÿ‘๏ธ0
molee molee 5 months ago
This P O S ever gonna trade ???
๐Ÿ‘๏ธ0
molee molee 6 months ago
W E T H
๐Ÿ‘๏ธ0
abrooklyn abrooklyn 6 months ago
We applied to list our common stock on the Nasdaq Capital Market under the symbol โ€œWETHโ€. We believe that upon completion of the Underwritten Offering contemplated by this prospectus, we will meet the standards for listing on the Nasdaq Capital Market. No assurance can be given that our application will be approved or that the trading prices of our common stock on the OTCQB will be indicative of the prices of our common stock if our common stock were traded on the Nasdaq Capital Market. This Underwritten Offering is contingent upon the listing of our common stock on the Nasdaq Capital Market.
๐Ÿ‘๏ธ0
abrooklyn abrooklyn 6 months ago
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

AMENDMENT NO. 4 TO
FORM S-1

https://www.otcmarkets.com/filing/html?id=17066344&guid=W9J-k69wzo89dth
๐Ÿ‘๏ธ0
abrooklyn abrooklyn 6 months ago
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q

https://www.otcmarkets.com/filing/html?id=17056751&guid=W9J-k69wzo89dth
๐Ÿ‘๏ธ0
molee molee 6 months ago
When does this POS lose the "D" ? It's been 2 months now ...
๐Ÿ‘๏ธ0
abrooklyn abrooklyn 8 months ago
WETOUCH TECHNOLOGY INC.

FORM S-1/A
(Securities Registration Statement)
Filed 09/22/23

https://www.otcmarkets.com/filing/conv_pdf?id=16944194&guid=yeg-k69wzoiqJth

๐Ÿ‘๏ธ0
abrooklyn abrooklyn 8 months ago
FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 12, 2023

WETOUCH TECHNOLOGY INC. https://www.otcmarkets.com/filing/html?id=16926197&guid=3Bg-kpu8ZQRnJth
๐Ÿ‘๏ธ0
Renee Renee 8 months ago
WETH: one for 20 reverse split: (PPS closed at .56)

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
๐Ÿ‘๏ธ0
molee molee 9 months ago
Taken from recent Q report : https://www.otcmarkets.com/filing/html?id=16868621&guid=xbN-kFZIIMRnJth

NOTE 15 โ€” SUBSEQUENT EVENT

On February 17, 2023, the Board of Directors of the Company authorized a reverse stock split with a ratio of not less than one to five (1:5) and not more than one to eighty (1:80), with the exact amount and the timing of the reverse stock split to be as determined by the Chairman of the Board. On July 16, 2023, the Chairman of Company issued a certificate to determine that the reverse stock split ratio of its common stock was fixed at 1-for-20. The Company will retroactively restate the number of shares of common stock outstanding once it is implemented.

๐Ÿ‘๏ธ0
Welcome2Pinkyland Welcome2Pinkyland 9 months ago
Green days are good days $WETH
๐Ÿ‘๏ธ0
molee molee 11 months ago
They haven't set the ratio of the R/S nor implemented it . ( That I have seen . ) .
๐Ÿ‘๏ธ0
goingUPagain goingUPagain 11 months ago
So how many in os after the rs?
๐Ÿ‘๏ธ0
molee molee 11 months ago
Good one ..FOMO ? Nope ...
๐Ÿ‘๏ธ0
Welcome2Pinkyland Welcome2Pinkyland 11 months ago
I read on Twitter $WETH is only planing on 3 more S-1/Aโ€™s in 2023. Get excited get get excited $$
๐Ÿ‘๏ธ0
molee molee 11 months ago
$WETH Surprising interest today . Don't see why ...
๐Ÿ‘๏ธ0
molee molee 11 months ago
$WETH Another S-1/A filed today >> https://www.otcmarkets.com/stock/WETH/disclosure

How many does THAT make ?
๐Ÿ‘๏ธ0
Welcome2Pinkyland Welcome2Pinkyland 12 months ago
They bought $40m worth of shares at .25 to cover their naked short position. If not price should go up from here- either that or their $WETH investment strategy is similar to mine.
๐Ÿ‘๏ธ0
Welcome2Pinkyland Welcome2Pinkyland 12 months ago
Minor details
๐Ÿ‘๏ธ0
molee molee 12 months ago
From the sale of 160 million shares @ 25 cents . Net $40 million .

Stock split still on the table . I will consider buying AFTER the split .
๐Ÿ‘๏ธ0
Welcome2Pinkyland Welcome2Pinkyland 12 months ago
It takes time for them to count all the cash on hand $92m. $WETH
๐Ÿ‘๏ธ0
molee molee 12 months ago
10-Q finally posted : https://www.otcmarkets.com/stock/WETH/disclosure
๐Ÿ‘๏ธ0
molee molee 1 year ago
Oh looky , another S-1/A has been filed : https://www.otcmarkets.com/stock/WETH/disclosure
๐Ÿ‘๏ธ0
molee molee 1 year ago
Market isn't buying anything $WETH is putting out .... Something smells poopy .
๐Ÿ‘๏ธ0
Welcome2Pinkyland Welcome2Pinkyland 1 year ago
Cash on hand at the of 2022 $51m. Current market cap. $45m $WETH
๐Ÿ‘๏ธ0
Welcome2Pinkyland Welcome2Pinkyland 1 year ago
EPS was .27 not .05
๐Ÿ‘๏ธ0
Welcome2Pinkyland Welcome2Pinkyland 1 year ago
$40m revenue. EPS .05 per share. $WETH
๐Ÿ‘๏ธ0
molee molee 1 year ago
10K is out > https://www.otcmarkets.com/stock/WETH/disclosure
๐Ÿ‘๏ธ0
molee molee 1 year ago
The 10K will now be late : https://www.otcmarkets.com/stock/WETH/disclosure
๐Ÿ‘๏ธ0
molee molee 1 year ago
$WETH > More mumbo-jumbo : "proposed" S-1 is out :

https://www.otcmarkets.com/stock/WETH/disclosure

https://www.otcmarkets.com/filing/html?id=16505762&guid=r0A-k6fOuPKFQth

"We expect to effect a 1-for-[ ] reverse stock split of our outstanding common stock, with the number of authorized shares of common stock reduced ratably, effective immediately following the effectiveness of the registration statement of which this prospectus forms a part, prior to the completion of this offering (the โ€œReverse Stock Splitโ€). On February 17, 2023, our Board of Directors (the โ€œBoardโ€) authorized a reverse stock split of each of the outstanding shares of our common stock, $0.001 par value per share, at a ratio to be determined by the Board of within a range of a minimum of a one-for-five (1-for-5) to a maximum of one-for-eighty (1-for-80) (the โ€œReverse Stock Split Ratioโ€), with the exact ratio to be set at a number within this range as determined by the Board in its sole discretion, with no change in par value. We intend for the Board to effect such reverse stock split in connection with the Underwritten Offering and our intended listing of our common stock on the Nasdaq Capital Market. However, we cannot guarantee that such reverse stock split will occur based on the ratio stated above, that such reverse stock split will be necessary or will occur in connection with the listing of our common stock on the Nasdaq Capital Market, or that the Nasdaq Stock Market will approve our initial listing application for our common stock upon such reverse stock split."
๐Ÿ‘๏ธ0
abrooklyn abrooklyn 1 year ago
Wetouch Technology Inc. Announces Construction Progress on New Production Facility

https://www.globenewswire.com/en/news-release/2022/09/22/2521004/0/en/Wetouch-Technology-Inc-Announces-Construction-Progress-on-New-Production-Facility.html

Wetouch Technology Inc. Announces Construction Progress on New Production Facility
September 22, 2022 08:30 ET | Source: Wetouch Technology Inc.





...
Chengdu, China, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Wetouch Technology Inc. (OTC: WETH) ("Wetouch" or "the Company"), a specialty manufacturer of medium to large sized projected capacitive touchscreens, today announced that it has completed approximately 80% of the construction work on its new high-standard production facility in Chengdu, for which the Company expects to complete the construction work before the end of 2022.

The Company has completed roof sealing on the facility, which underscores Wetouchโ€™s ongoing commitment to enhance its capacity and capability to meet fast-growing customer needs, including worldโ€™s top 500 enterprise customers such as Siemens, Canon and Delta. Wetouch will invest in total RMB76 million on the construction of the factory, and also invest another RMB20 million to build two fully-automated touchscreen production lines at the facility that are expected to start mass production in the first quarter of 2023.

The production facility covers an area of nearly 20 acres, with a construction area of nearly 30,000 square meters. The new facility is located in the Strait Industrial Park, Wenjiang District, Chengdu City.

Zongyi Lian, Chief Executive Officer of Wetouch commented: โ€œWe are pleased to announce significant progress on the construction work of our new facility, which would help us enhance production capacity and efficiency to expand our partnership with global partners. Wetouch is committed to enabling customers by enhancing our capability to expedite the development and commercialization of more innovative touchscreen products, and we expect our new production facility could potentially generate annual sales exceeding RMB1 billion, and a net income of more than RMB200 million once put into use."

Forward Looking Statements

The information in this press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often include words such as "anticipates," "estimates," "expects," "projects," "intends," "plans," "believes" and words and terms of similar substance in connection with discussions of future operating or financial performance. The financial guidance reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.

The Company's forward-looking statements are based on management's current expectations and assumptions regarding the Company's business and performance, the economy and other future conditions and forecasts of future events, circumstances and results. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. The Company's actual results may vary materially from those expressed or implied in its forward-looking statements. Important factors that could cause the Company's actual results to differ materially from those in its forward-looking statements include government regulation, economic, strategic, political and social conditions and the risk factors set forth in the Companyโ€™s Annual Report for the year ended December 31, 2021 filed with the SEC on April 15, 2022.

About Wetouch Technology Inc.

Wetouch, through its indirect wholly-owned subsidiary Sichuan Vtouch Technology Co., Ltd, is engaged in the manufacturing and sales of medium to large sized projected capacitive touchscreens, ranging from 7.0 inch to 42 inch screens. The Company offers touchscreens for a variety of applications, including GPS/car entertainment panels for automotive industry, industrial human-machine interface (โ€œHMIโ€), financial and banking terminals, point of sale, lottery and gaming machines, smart home, robots and charging stations. Wetouch sells its products both domestically in China and internationally, covering major areas in China, including but not limited to the eastern, southern, northern and southwest regions of China. Wetouch has shipped products to South Korea and several European countries such as Spain and Germany and has established a strong and diversified client base. As of September 7, 2022, Wetouch holds 10 patents and has passed a number of industry certifications, including ISO9001, ISO14001, TS16949, FCC, CE, ROHS, CCC, ROHS.

Investor Relation Contact:

Gordon Cai
gordon@wetouch.com.cn




Tags Wetouch Technology Inc. OTC: WETH Sichuan Vtouch Technology Co. manufacturing and sales medium to large sized touchscreens HMI
Explore
Museum of the City...
Museum of the City of New York Presents "New York ...
March 09, 2023 13:12 ET
Work Truck Solutions...
Work Truck Solutions Expands Supply Chain Support
March 09, 2023 13:09 ET
ReliaQuest Names...
ReliaQuest Names Laurie Morylak Senior Vice Presid...
March 09, 2023 13:00 ET
Toll Brothers...
Toll Brothers Announces Grand Opening of Model Hom...
March 09, 2023 12:34 ET
Toll Brothers...
Toll Brothers Announces Final Opportunity to Buy i...
March 09, 2023 12:32 ET
GlobeNewswire
About Us
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases, financial disclosures and multimedia content to media, investors, and consumers worldwide.
Follow us on social media:
Newswire Distribution Network & Management
Home
Newsroom
RSS Feeds
Legal
GlobeNewswire is a newswire distribution network. Articles and other content published by GlobeNewswire are the legal responsibility of the author and GlobeNewswire accepts no liability for the content of such material. GlobeNewswire publishes content for informational purposes and makes no representations regarding, recommendation or invitation to engage in, any form of financial or investment activity, and does not endorse the content of any material published.
© 2023 GlobeNewswire, Inc. All Rights Reserved.
๐Ÿ‘๏ธ0

Your Recent History

Delayed Upgrade Clock