The Board of Directors of Wetouch Technology Inc. has appointed Fei Bai to serve as a member of the Board and Chairman of the Board. The company has appointed Xiaojin Tang to serve as a member of the Board, the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as chairperson of the Compensation Committee, effective August 31, 2022. On August 31, 2022, Mr. Guangde Cai resigned as a member of the Board and as the Chairman of the Board.

On August 31, 2022, Mr. Wei Wang resigned as a member of the Board and the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as chairperson of the Compensation Committee. Mr. Fei Bai, age 46, has served as the general manager of the Nanjing Branch of Shenzhen Jushenghua Co. Ltd. since July 2019, and is mainly responsible for private fundraising and sales funding of trust products.

Mr. Bai served as general manager of the business division of Heyi Asset from September 2015 to June 2019. Mr. Bai received his bachelor's degree in law from Nanjing Normal University in June 2006 and holds a securities/fund qualification issued by the Securities Association of China since August 2015. Mr. Xiaojin Tang, age 48, has served as an attorney at Gaopeng & Partners since 2019.

From April 2017 to December 2017, he served as the deputy director of Nanjing Immigration Inspection. Mr. Tang received his bachelor's degree in corporate law from Hohai University. He received his master's degree in sociology from Jiangsu Provincial Party School.