Yunna Liu
About Yunna Liu
Age 45; appointed as an independent director of Wetouch Technology Inc. effective November 1, 2025, and designated Audit Committee Chair, with committee memberships on Compensation and Nominating & Corporate Governance . She has 20+ years in auditing, accounting, and financial management; holds a bachelor’s in Finance from Southwestern University of Finance and Economics; is a non-practicing member of the Chinese Institute of Certified Public Accountants and holds an Intermediate Accounting Professional Title; the Board identified her as an SEC “audit committee financial expert” .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Hongkong Succeed Capital Limited | Manager, Financial Review & Consolidation; pre-IPO diligence for China companies seeking U.S. listings | Nov 2024 – Oct 2025 | Led consolidation reporting and pre-IPO due diligence |
| Sichuan Anbixin Certified Public Accountants Co., Ltd. | Audit Manager | Mar 2018 – Oct 2024 | Audit execution and oversight |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Anhui Zhengxiaowan Catering Co., Ltd. | Independent Director; Audit Committee Chair | Since Dec 2024 | Chairs audit oversight |
Board Governance
- Committee assignments and chair roles at WETH: Audit Committee Chair; member of Compensation Committee and Nominating & Corporate Governance Committee; effective November 1, 2025 .
- Independence: Board stated intent and appointment of Ms. Liu as a new independent director effective November 1, 2025; Board also designated her an “audit committee financial expert” .
- Attendance: WETH reports 4 Board meetings and full attendance by all directors during fiscal 2024, and full attendance at all committee meetings in 2024; note Ms. Liu was not a director in 2024 .
| Committee | Role | Effective Date |
|---|---|---|
| Audit | Chair | Nov 1, 2025 |
| Compensation | Member | Nov 1, 2025 |
| Nominating & Corporate Governance | Member | Nov 1, 2025 |
Fixed Compensation
| Component | Amount | Details |
|---|---|---|
| Director cash retainer | RMB 2,500 per month | Offer letter; reimbursable reasonable expenses (travel for in-person meetings) |
| Term | 3 years | Effective Nov 1, 2025 (agreement date) |
| Indemnification | To maximum extent under law; advancement of expenses | As set out in offer letter |
| Employment status | Not an employment agreement | Governance-only appointment |
Performance Compensation
| Instrument | Grant Date | Quantity/Shares | Fair Value | Vesting | Performance Metrics |
|---|---|---|---|---|---|
| RSUs/PSUs | — | — | — | — | None disclosed; Company states no equity compensation plans |
| Options | — | — | — | — | None disclosed; Company states no equity compensation plans |
No director meeting fees or committee chair fees are specifically disclosed for Ms. Liu; for context, a May 2025 director offer letter for another director provided RMB 20,000 annual cash compensation with similar committee service .
Other Directorships & Interlocks
| Company | Role | Committee Roles | Potential Interlock/Conflict Notes |
|---|---|---|---|
| Anhui Zhengxiaowan Catering Co., Ltd. | Independent Director | Audit Chair | External directorship; no WETH-related party transaction disclosures tied to Ms. Liu |
| Hongkong Succeed Capital Limited | Manager (pre-IPO diligence) | — | Advisory role; no related-party exposure disclosed at WETH |
Expertise & Qualifications
- Audit/finance depth: 20+ years; audit manager; financial review and consolidation leadership .
- Designation: SEC “audit committee financial expert” per WETH’s Board .
- Education/professional credentials: Bachelor’s in Finance; non-practicing CPA member; Intermediate Accounting Professional Title .
Equity Ownership
| Item | Status | Notes |
|---|---|---|
| Beneficial ownership at WETH | Not listed in the Sep 8, 2025 ownership table | Ownership table covers directors/officers as of Sep 8, 2025; Ms. Liu was not yet a director and is not listed |
| Shares pledged | None disclosed | No pledging disclosures for directors; equity plan not in place |
| Ownership guidelines | Not disclosed | No director ownership guidelines disclosed |
Insider trades: Insider-trades query returned no Form 4 transactions for “Yunna Liu” in WETH between Oct 1, 2025 and Nov 20, 2025 (insider-trades skill run on Nov 20, 2025).
Governance Assessment
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Strengths
- Independence and deep audit capability; designated “audit committee financial expert,” which supports stronger financial reporting oversight and internal control monitoring .
- Clear committee leadership role (Audit Chair) and cross-committee presence (Compensation; Nominating & Governance), positioning for board effectiveness .
- Cash-only director compensation and absence of equity plans reduce risk of misaligned incentives or short-term equity windfalls .
-
Watch items / RED FLAGS
- Disclosure inconsistency: The proxy seeks an increase of authorized common shares to 65,000,000, but the proxy card references 500,000,000—an internal inconsistency that raises disclosure control concerns .
- Listing compliance risk history: 2025 Nasdaq delinquency notices for late 10-K/Q filings, with extensions; company later filed and regained bid-price compliance—improving, but reflects prior reporting timeliness issues .
- Board turnover in 2025 (resignations and chair reshuffles) indicates governance stability risk; Ms. Liu’s appointment may help stabilize audit oversight but continuity remains a near-term focus .
- Related-party transaction in 2024 tied to a former director’s affiliate (not Ms. Liu); emphasizes need for robust audit committee oversight of related-party reviews .
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Implications for investors
- Ms. Liu’s audit expertise and chair role are positives for financial integrity and remediation of prior reporting issues; independence supports shareholder-aligned oversight .
- Monitor execution quality: timely filings, internal control enhancements, and resolution of disclosure inconsistencies, which are material to investor confidence and cost of capital .
Attendance and say-on-pay outcomes for Ms. Liu are not yet applicable; WETH reports full 2024 attendance, but Ms. Liu joined effective Nov 1, 2025 .