Guangrong Cai
About Guangrong Cai
Guangrong Cai, age 62, has served as Chairman of the Board and Director of Wetouch Technology Inc. (WETH) since June 2024 . He holds a bachelor’s and master’s degree in Economics from Sun Yat-sen University (1989, 1992) and an EMBA from Tsinghua University (2002) . Cai’s background spans CFO experience, industrial capacitive screen R&D commercialization, and capital-markets advisory roles, aligning with governance needs in finance and strategy .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Hong Kong Zhentai Toy Group | Chief Financial Officer | 2003–2012 | Senior finance leadership; foundation for oversight of reporting and controls |
| Project Center for Industrial Capacitive Screens | Founder; built R&D project center | 2013–2016; transformed to Sichuan Vtouch in 2020 | Product/operations know-how; later integrated as Sichuan Vtouch Technology Co., Ltd. |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Frejoo Enterprise Management (Chengdu) Co., Ltd. | Legal representative and General Manager | Since Jan 2019 | Firm specializes in assisting Chinese enterprises with Nasdaq listings (capital markets expertise) |
| Sichuan Vtouch Technology Co., Ltd. | Legal representative and Director of Strategic Planning | Since 2020 | Operating alignment with WETH’s PRC subsidiary footprint |
Board Governance
- Board leadership and independence: Cai serves as non-independent Chairman; independent directors identified by the Board are Jing Chen and Jiaxing Huang (with intent to appoint Yunna Liu as an independent director effective Nov 1, 2025) .
- Committee assignments: The director slate lists committee roles for other directors; Cai is designated simply as “Chairman, Director” (no committee assignment disclosed) .
- Attendance: The Board held 4 meetings in FY2024; all directors attended all Board and committee meetings on which they served .
- Committee leadership (current nominations context):
- Audit: Chair – Yunna Liu; Members – Liu, Jing Guo, Jiaxing Huang (transition from prior 2024 composition) .
- Compensation: Chair – Jiaxing Huang; Members – Huang, Jing Guo, Yunna Liu .
- Nominating & Corporate Governance: Chair – Jing Guo; Members – Guo, Jiaxing Huang, Yunna Liu .
Fixed Compensation
| Component | 2024 Amount/Status | Notes |
|---|---|---|
| Director retainer/fees (Cai) | Not disclosed for Cai | 2024 director compensation table lists fees for several directors but does not include Cai . |
| Committee fees (Cai) | N/A | No committee assignment disclosed for Cai in the nominations table . |
| Meeting fees | Not disclosed | Director compensation presentation does not show per-meeting fees; table shows cash-only fees for listed directors . |
- Director pay mix context: For 2024, directors shown in the table received cash fees only; no equity awards are disclosed for directors . The Company reports it has no equity compensation plans .
Performance Compensation
| Element | Details | Notes |
|---|---|---|
| Stock awards (RSUs/PSUs) | None disclosed for directors | No director stock awards in 2024 table; no equity plan in place . |
| Option awards | None disclosed for directors | No director option awards in 2024 table; no equity plan in place . |
| Performance metrics | Not disclosed for directors | Proxy does not tie director pay to performance metrics . |
| Clawback policy | Adopted, covering executive officer incentive-based pay tied to financial measures; applies post-10/2/2023 while listed on Nasdaq | Governance control noted, but pertains to executives (not directors); no exec incentive pay granted in 2024 . |
Other Directorships & Interlocks
| Company Type | Company | Role | Potential Interlock/Conflict Considerations |
|---|---|---|---|
| Private | Frejoo Enterprise Management (Chengdu) Co., Ltd. | Legal representative & GM | Capital-markets advisory could create time-commitment risks; no specific related-party transaction disclosed with WETH |
| Subsidiary/Operating alignment | Sichuan Vtouch Technology Co., Ltd. | Legal representative & strategic planning director | Alignment with WETH’s PRC operating footprint, not an outside interlock |
| Public company boards | None disclosed | — | No other public directorships disclosed for Cai . |
Expertise & Qualifications
- Finance and controls: Former CFO at Hong Kong Zhentai Toy Group (2003–2012) .
- Operations/technology: Founded industrial capacitive screens R&D project center; later transformed into Sichuan Vtouch Technology Co., Ltd. .
- Capital markets: Leads a firm that helps Chinese enterprises list on Nasdaq, signaling familiarity with listing and governance standards .
- Education: BA/MA in Economics (Sun Yat-sen University) and EMBA (Tsinghua University) .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Guangrong Cai | 9,576 | <1% | Direct holding as of Sept 8, 2025; based on 11,931,534 shares outstanding . |
- Equity plan: Company states no equity compensation plans are in place, indicating limited structured equity alignment for directors .
- Pledging/hedging: Not disclosed .
- Options/RSUs: None disclosed for directors; no equity plan .
Governance Assessment
- Independence and board structure: Cai is Chairman and not identified as independent; while CEO and Chair roles are separated, concentration of board leadership in a non-independent chair can raise oversight concerns for some investors .
- Committee positioning: No committee assignment disclosed for Cai; independent directors chair key committees (Audit, Comp, Nominating), which is positive for checks and balances .
- Attendance: Full attendance reported across Board and committees in 2024, supporting engagement .
- Ownership alignment: Cai’s ownership is modest at 9,576 shares (<1%), and the absence of an equity plan limits ongoing equity-based alignment signals for directors .
- Compliance and related-party risk:
- Section 16(a) compliance note: Cai failed to timely file Form 3 (along with certain others), a process-control blemish though not uncommon in micro/small-cap transitions .
- Family/related party: Former director Ms. Jiaying Cai is his niece; related-party payable of ~$149,211 to an affiliate of Ms. Jiaying Cai existed at 12/31/2024 (unsecured, non-interest bearing, due on demand). Audit Committee oversees such transactions; nonetheless, this is a potential perceived conflict to monitor. RED FLAG .
- Audit oversight continuity: Committee transitions occurred in 2025 with departures and intended appointments; investors should monitor committee stability and financial expertise continuity amid these changes .
- Compensation governance: Clawback policy adopted for executive incentive compensation; no incentive awards in 2024, so policy not tested. Positive control framework but limited practical application thus far .
Key signals to watch: confirmation of independent director appointments and committee leadership stability; enhancements to director equity alignment policies; elimination or rigorous oversight of related-party transactions; improved timeliness of insider reporting .