Wetouch Technology Inc. Share Purchase Agreements

On July 31, 2026, Wetouch Technology Inc. entered into Share Purchase Agreements with Qixun Technology Limited and Qihong Technology Limited for the issuance and sale of 31,037,830 shares of common stock at $1.25 per share, totaling $38,797,287.50 in gross proceeds. The offering was priced at a premium to market under Nasdaq rules. The closing is expected around August 4, 2026, subject to customary conditions. Proceeds will be used for touch-screen complete systems through in-house development or acquisition. The shares are subject to a one-year lock-up period. The securities were issued under exemptions from registration, relying on Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D, with purchasers representing accredited investor status and acquisition for investment purposes.