The elemental concentrations of both plants and soils are sensitive to variations in precipitation due to the limiting roles of water on soil processes and plant growth in karst ecosystems of Southwestern China; however, precipitation is predicted to increase in this region. Nevertheless, it is unclear how the elemental composition of soils and plants might respond to such increases in moisture. Particularly, how potassium (K) may behave as a key mediator in the regulation of the water potential of plants. For this study, the responses of the elemental composition of both soils and plants to the variable addition of water were investigated. Two grasses (Cymbopogon distans and Arundinella setosa) and two shrubs (Carissa spinarum and Bauhinia brachycarpa) were investigated under four levels of watering treatments 0%, +20%, +40%, and +60%, relative to the annual rainfall, respectively. Compared to the control (CK), the soil water content (SWC) increased to 3.75, 3.86, and 4.34 mg g^-1 in T1, T2, and T3 groups, respectively (p < 0.05). Non-metal elements (C, H, N, S, and P, except for Si) in the soil were relatively stable with water addition; however, metal elements (Al, Na, Mg, Fe, and K, along with Si) increased significantly, whereas Zn and Ca decreased (p < 0.05). With water addition, leaf N and P remained unchanged in all four species, while K, Mg, and S decreased in both shrubs (higher C:K, N:K, and P:K). Increases in Fe, Si, and K were observed in both grasses (lower C:K, N:K, and P:K), which suggested that K played distinct roles for water regulation in shrubs and grasses. These findings implied that the elemental compositions of both soils and plants might be altered with increasing precipitation in the future, where different plant types may adopt distinct K-regulation strategies to cope with variable soil moisture.