Wetouch Technology Inc. (WETH) Receives Approval to trade on the OTCQB Market
Wetouch Technology Inc. (OTC: WETH) has successfully completed the application process for quotation on the OTCQB, enhancing its visibility to a broader range of U.S. investors. Trading began on March 29, 2021. Mr. Guangde Cai highlighted that this up-listing is expected to improve liquidity and provide a transparent trading platform. Shareholders will automatically transition from the OTC Pink Open Market to the OTCQB. The OTCQB marketplace requires companies to fulfill specific disclosure obligations and pass key standards to ensure a high-quality trading experience.
- Successfully listed on OTCQB, enhancing investor visibility.
- Expected increase in liquidity due to better trading platform.
- Seamless transition for existing shareholders from OTC Pink.
- None.
Chengdu, China, March 31, 2021 (GLOBE NEWSWIRE) -- Wetouch Technology Inc. (OTC: WETH) ("Wetouch" or "the Company"), a specialty manufacturer of medium to large sized projected capacitive touchscreens, is pleased to announce that after successfully completing the application process, the Company was approved for quotation on the OTCQB®, operated by the OTC Markets Groups. The Company’s common shares have begun trading on the OTCQB on March 29, 2021 under the stock symbol “WETH”.
Mr. Guangde Cai, Chairman of Wetouch, commented, "Up-listing to the OTCQB will enhance our visibility and make the Company accessible to a much broader range of U.S. investors. Trading on the OTCQB is expected to increase liquidity by providing current and potential investors with a transparent and easily accessible trading platform where they can find Real-Time quotes and market information.”
Shareholders of existing Wetouch shares, previously traded on the OTC® Pink Open Market, will now trade on the OTCQB without any further action required.
The OTCQB Venture is the premier marketplace for companies that are committed to providing a high-quality trading and information experience for their US investors. Qualifying for approval to trade on the OTCQB requires a Company to be current on disclosure obligations, to pass a minimum bid price test, and to provide an annual company verification and management certification process. The OTCQB quality standards creates a solid baseline of transparency, as well as the technology to improve the information and trading experience for investors.
Caution Concerning Forward Looking Statements
The SEC encourages companies to disclose forward-looking information so that investors can better understand a company's future prospects and make informed investment decisions. The information on this website 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 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 Company’s Form 10 Registration Statement which can be viewed at
https://www.sec.gov/Archives/edgar/data/1826660/000149315220023313/form10-12ga.htm
About Wetouch Technology Inc
Wetouch, through its indirect wholly-owned subsidiary Sichuan Wetouch 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 (“HMI”), 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. Touchscreens produced by the Company not only have long life span and are low maintenance, but also have strong anti-interference, anti-corrosion, multi-touch capability and high light-transmittance ratio and stability. 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 30, 2020, Wetouch held 10 patents and has passed a number of industry certifications, including ISO9001, ISO14001, TS16949, FCC, CE, ROHS, CCC, ROHS.
Investor Relation Contact:
Sophie Zhang
szhang@ascendantga.com
FAQ
What does Wetouch Technology Inc.'s up-listing to OTCQB signify for investors?
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