CHENGDU,
China, June 24, 2024 /PRNewswire/ -- WeTouch
Technology Inc., (NASDAQ: WETH) ("WeTouch" or the "Company"), a
leading innovator in the global touch display industry, today
released CEO Zongyi Lian's Letter to
Shareholders Strong Financial Position and Future Prospects of the
company.
Dear Fellow Shareholders,
I hope this letter finds you well. I am writing to share some
exciting updates and reaffirm the robust financial health and
promising future of Wetouch Technology.
First and foremost, I am pleased to inform you that our
company's financial situation is very solid. As of our latest
balance sheet, Wetouch Technology boasts a substantial cash reserve
of $94.8 million USD. This strong
cash position provides us with a significant buffer and ample
opportunities for strategic investments and growth.
In addition to our strong financial foundation, Wetouch
Technology is proud to have established relationships with a roster
of renowned global clients. Among our esteemed partners are
industry leaders such as Siemens in Germany, Delta and Weinview in Taiwan area, and Canon and Sharp in
Japan. These partnerships are a
testament to the quality and reliability of our products and
services.
Furthermore, we have made significant strides in product
development. Our next generation of products not only showcases our
innovative capabilities but also promises impressive financial
returns. These new products are expected to yield more than 50%
profits compared to the first generation, positioning us well for
continued growth and success.
Given these solid foundations, we believe that Wetouch
Technology is currently undervalued. We are considering various
actions to ensure that our company's true value is recognized and
reflected in the market. These actions aim to enhance value for our
shareholders and investors, ensuring that our market valuation
accurately represents our financial strength and growth
potential.
We remain committed to driving long-term value and appreciate
your continued trust and support. Together, we can look forward to
a prosperous future for Wetouch Technology.
Best regards,
Zongyi Lian
CEO
Wetouch Technology Inc.
About WeTouch Technology Inc.
Wetouch Technology Inc. is at the forefront of providing premium
touch display solutions, dedicated to reshaping human-machine
interaction across diverse industries. With a relentless focus on
innovation and customer satisfaction, Wetouch consistently delivers
cutting-edge technology and unparalleled performance in touch
display solutions globally.
For additional information, please visit: WeTouch Technology
Inc.at http://en.usa-wetouch.com/
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will", "expects", "anticipates", "future",
"intends", "plans", "believes", "estimates", "target", "going
forward", "outlook," "objective" and similar terms. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are
difficult to predict and which are beyond Datasea's control, which
may cause Datasea's actual results, performance or
achievements (including the RMB/USD value of its anticipated
benefit to Datasea as described herein) to differ materially and in
an adverse manner from anticipated results contained or implied in
the forward-looking statements. Further information regarding these
and other risks, uncertainties or factors is included in Datasea's
filings with the U.S. Securities and Exchange Commission, which are
available at www.sec.gov. Datasea does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under law.
Investor and Media Contact:
Horizon Research
Management Consultancy
Michael
Wei,
Email: hwey@horizonconsultancy.co
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SOURCE Wetouch Technology Inc.