Wetouch Technology Inc. entered into share purchase agreements with controlling shareholders Qixun Technology Limited and Qihong Technology Limited to issue and sell 31,037,830 shares of common stock at $1.25 per share, generating gross proceeds of $38,797,287.50. The private placement closed on or about August 4, 2026, following a pricing premium under Nasdaq rules. Proceeds will fund the acquisition or in-house development of touch-screen complete systems, with shares subject to a one-year lock-up period. Wetouch Technology Inc. operates in the technology hardware industry, specializing in touch-screen solutions.

Wetouch Technology Inc. announced that its Board of Directors declared a special cash dividend of US$0.5 million, equating to approximately US$0.04 per share based on 11.93 million outstanding shares. The dividend is payable on or about September 30, 2026, to shareholders of record as of August 17, 2026. This distribution reflects the company's focus on enhancing shareholder value while maintaining resources for business growth and technology innovation. Wetouch Technology Inc. operates in the technology manufacturing industry, providing global touch display solutions and intelligent hardware.