{"url_path":"/sec/gwll/10-k/2026/item-11","section_key":"item-11","section_title":"Item 11 EXECUTIVE COMPENSATION**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-01","source_url":"https://www.sec.gov/Archives/edgar/data/1800373/0001477932-26-004130-index.html","accession_number":"0001477932-26-004130","cik":"0001800373","ticker":"GWLL","issuer_name":"GOLDENWELL BIOTECH, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1800373/0001477932-26-004130-index.html","primary_entity_key":"0001800373","primary_entity_name":"GOLDENWELL BIOTECH, INC."},"word_count":1004,"has_tables":true,"body_markdown":"**ITEM 11. EXECUTIVE COMPENSATION**\n\n \n\nThe following tables set forth certain information about compensation paid, earned or accrued for services by our President and all other executive officers (collectively, the “Named Executive Officers”) in the fiscal years ended December 31, 2025 and 2024:\n\n \n\n**SUMMARY COMPENSATION TABLE**\n\n \n\nThe table below summarizes all compensation awarded to, earned by, or paid to our officers for all services rendered in all capacities to us for the fiscal periods indicated.\n\n \n\n**Name and**\n\n**Principal**\n\n**Position**\n\n \n\n**Year**\n\n \n\n**Salary**\n\n**($)**\n\n \n\n \n\n**Bonus**\n\n**($)**\n\n \n\n \n\n**Stock**\n\n**Awards**\n\n**($)**\n\n \n\n \n\n**Option**\n\n**Awards**\n\n**($)**\n\n \n\n \n\n**Non-Equity**\n\n**Incentive**\n\n**Plan**\n\n**Compensation($)**\n\n \n\n \n\n**Nonqualified**\n\n**Deferred**\n\n**Compensation($)**\n\n \n\n \n\n**All Other**\n\n**Compensation($)**\n\n \n\n \n\n**Total**\n\n**($)**\n\n \n\nShuang Liu (1)\n\n \n\n2025\n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n\n2024\n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nHua Xie (2)\n\n \n\n2025\n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n\n2024\n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nLi Yang (3)\n\n \n\n2025\n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n\n2024\n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n \n\n \n0\n \n\n___________\n\n(1) Appointed President and Chief Executive Officer, and served as director since August 20, 2019.\n\n(2) Appointed Secretary and director on August 20, 2019.\n\n(3) Appointed Treasurer and director on August 20, 2019.\n\n \n\n \n\n22\n\n*Table of Contents*\n\n \n\n**Employment Contracts, Termination of Employment, Change-in-Control Arrangements**\n\n \n\nThe Company has no employment agreements with its officers or any significant employee and did not enter into any employment contracts, termination of employment, or change-in-control arrangements during the year ended December 31, 2025.\n\n \n\n***Option Exercises and Fiscal Year-End Option Value Table.***\n\n \n\nThere were no stock options exercised by the named executive officers as of the end of the fiscal period ended December 31, 2025.\n\n \n\n***Long-Term Incentive Plans and Awards***\n\n \n\nThere were no awards made to a named executive officer, under any long-term incentive plan, as of the end of the fiscal period ended December 31, 2025.\n\n \n\nWe currently do not pay any compensation to our directors serving on our board of directors.\n\n \n\n**STOCK OPTION GRANTS**\n\n \n\nThe following table sets forth stock option grants and compensation or the fiscal year ended December 31, 2025:\n\n \n\n \n\n \n\n**Option Awards**\n\n \n\n \n\n**Stock Awards**\n\n \n\n**Name**\n\n \n\n**Number of Securities Underlying Unexercised Options (#) Exercisable**\n\n \n\n \n\n**Number of Securities Underlying Unexercised Options (#) Unexercisable**\n\n \n\n \n\n**Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#)**\n\n \n\n \n\n**Option Exercise Price ($)**\n\n \n\n \n\n**Option**\n\n**Expiration**\n\n**Date**\n\n \n\n \n\n**Number of Shares or Units of Stock That Have Not Vested (#)**\n\n \n\n \n\n**Market Value of Shares or Units of Stock That Have Not Vested ($)**\n\n \n\n \n\n**Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)**\n\n \n\n \n\n**Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)**\n\n \n\nShuang Liu (1)\n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n$\n\n-0-\n\n \n\n \n\n \n\nN/A\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nHua Xie (2)\n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n$\n\n-0-\n\n \n\n \n\n \n\nN/A\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nLi Yang (3)\n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n$\n\n-0-\n\n \n\n \n\n \n\nN/A\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n_____________\n\n(1) Appointed President and Chief Executive Officer, and served as director since August 20, 2019.\n\n(2) Appointed Secretary and director on August 20, 2019.\n\n(3) Appointed Treasurer and director on August 20, 2019.\n\n \n\n \n\n23\n\n*Table of Contents*\n\n \n\n**DIRECTOR COMPENSATION**\n\n \n\nThe following table sets forth director compensation or the fiscal year ended December 31, 2025:\n\n \n\n**Name**\n\n \n\n**Fees Earned or Paid in Cash**\n\n**($)**\n\n \n\n \n\n**Stock Awards**\n\n**($)**\n\n \n\n \n\n**Option Awards**\n\n**($)**\n\n \n\n \n\n**Non-Equity Incentive Plan Compensation**\n\n**($)**\n\n \n\n \n\n**Nonqualified Deferred Compensation Earnings**\n\n**($)**\n\n \n\n \n\n**All Other**\n\n**Compensation**\n\n**($)**\n\n \n\n \n\n**Total**\n\n**($)**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nShuang Liu (1)\n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\nHua Xie (2)\n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\nLi Yang (3)\n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n \n\n \n\n-0-\n\n \n\n______________  \n\n(1) Appointed President and Chief Executive Officer, and served as director since August 20, 2019.\n\n(2) Appointed Secretary and director on August 20, 2019.\n\n(3) Appointed Treasurer and director on August 20, 2019.\n\n \n\nWe currently do not pay any compensation to our directors for serving on our board of directors.\n\n \n\n**Narrative to Director Compensation Table**\n\n \n\nThe following is a narrative discussion of the material information that we believe is necessary to understand the information disclosed in the previous table.\n\n \n\nNo director receives compensation solely in his or her capacity as a director of the Company.  All travel and lodging expenses associated with corporate matters are reimbursed by us, if and when incurred.\n\n \n\n**Director Compensation Policy**\n\n \n\nThe board of directors adopted a Director Compensation Policy (the “Director Compensation Policy”) as set forth below.\n\n \n\nThis policy sets forth compensation payable to each non-employee member of the board of directors.\n\n \n\nNon-employee members of the board of directors of Company shall be eligible to receive cash and equity compensation as set forth in this Director Compensation Policy. The cash compensation and stock awards described in this Director Compensation Policy shall be paid or be made, as applicable, automatically and without further action of the board of directors, to each member of the board of directors who is not an employee of the Company or any parent or subsidiary of the Company (each, an “Independent Director”) who may be eligible to receive such cash compensation or stock awards, unless such Independent Director declines the receipt of such cash compensation or stock awards by written notice to the Chairman of the Board.\n\n \n\nThis Director Compensation Policy shall remain in effect until it is revised or rescinded by further action of the board of directors. The terms and conditions of this Director Compensation Policy shall supersede any prior cash or equity compensation arrangements between the Company and its directors. \n\n \n\n**Compensation Clawback Policy**\n\n \n\nThe board of directors believes that it is in the best interest of the Company and its stockholders to create and maintain a culture of that emphasizes integrity and accountability and that reinforces the Company’s pay-for-performance compensation philosophy. The board of directors has therefore adopted a compensation recoupment policy, which provides for the recovery of erroneously awarded incentive compensation from the Company’s executive officers in the event of a triggering event, which compensation recoupment policy has been filed as an exhibit to this Annual Report.\n\n \n\n \n\n24\n\n*Table of Contents*"}