Wetouch Technology Inc. Approves Share Issuance at Special Meeting

What Happened

• On September 4, 2026, Wetouch Technology Inc. (WETH) held its 2026 Special Meeting of Stockholders in Renshou County, Meishan, Sichuan, China. A quorum was present and stockholders approved the issuance of common shares to Qixun Technology (Samoa) Limited and Qihong Technology (Samoa) Limited under certain share purchase agreements, in accordance with Nasdaq Listing Rule 5635.

Key Details

• Meeting date and location: September 4, 2026; No. 29, Third Main Avenue, Shigao Town, Renshou County, Meishan, Sichuan, China.
• Vote tally for the issuance proposal: For 5,538,683; Against 1,962,165; Abstain 142,866 (and 1 other vote recorded).
• Subject: Approval to issue shares of common stock to Qixun Technology (Samoa) Limited and Qihong Technology (Samoa) Limited pursuant to share purchase agreements.
• The approval was sought specifically under Nasdaq Listing Rule 5635 (share issuance requiring stockholder approval).

Why It Matters

• The approved issuance allows the company to complete the planned share transfers to the named counterparties, which is material because it changes the company’s outstanding share count and may dilute existing holders.
• The vote also fulfills Nasdaq procedural requirements under Rule 5635, a necessary step for the company to proceed with the transactions described in the share purchase agreements.