BAODING, China, June 2, 2020 /PRNewswire/ -- IT Tech
Packaging, Inc. (NYSE American: ITP) ("IT Tech Packaging" or the
"Company"), a leading manufacturer and distributor of diversified
paper products in North China,
today announced that it has filed a preliminary proxy statement for
its 2020 annual meeting of stockholders and expects to hold its
2020 annual meeting of stockholders on July
23, 2020 at its production base in Wei County,
Hebei Province, China.
When: 10:00am Beijing Time, July
23, 2020
(10:00pm ET, July 22, 2020)
Where: Wei County Production
Base, IT Tech Packaging, Inc.
Wei County, Hebei Province,
China, 054700
As fully discussed in the preliminary proxy statement described
below, the stockholders will be asked to consider and vote upon the
following proposals at the annual meeting:
1. Election of three Class II
directors (Zhenyong Liu,
Fuzeng Liu and Lusha Niu) to serve on
the Board of
Directors of the Company, with such Class II directors to serve
until the 2022
annual meeting of
stockholders and until their respective successors have been duly
elected
and qualified or
until their earlier resignation, removal or death;
2. Ratification of the
appointment of WWC, P.C. Certified Public Accountants as
the
Company's
independent registered public accounting firm for the fiscal year
ending
December 31, 2020;
3. Conduction of a
"say-on-say" advisory vote to approve executive compensation;
4. The approval of a
reduction in the exercise price of outstanding warrants issued in a
private
placement
and the approval of the issuance of common stock representing more
than 20%
of our common
stock issued and outstanding upon exercise of the warrants in
accordance
with NYSE
American Rule 713(a)(ii), and
5. Such other matters as may
properly come before the meeting or any adjournment or
adjournments
thereof.
Stockholders of record at the close of business on June 10, 2020 are entitled to receive notice and
vote at the annual meeting.
Additional Information
In connection with the annual meeting, the Company filed with
the Securities and Exchange Commission (the "SEC") on May 29, 2020, a preliminary proxy statement,
which is publicly available, and will file with the SEC a
definitive proxy statement on or about June
10, 2020 and mail a definitive proxy statement to
stockholders on or about June 18,
2020. INVESTORS AND STOCKHOLDERS ARE URGED TO READ CAREFULLY
AND IN THEIR ENTIRETY THE PROXY STATEMENT AND OTHER MATERIALS FILED
WITH THE SEC IN CONNECTION WITH THE ANNUAL MEETING, AS THEY CONTAIN
IMPORTANT INFORMATION ABOUT THE COMPANY ANDTHE PROPOSALS. Upon
filing of the definitive proxy statement, stockholders may access
the Company's definitive proxy statement, without charge, at the
SEC's website www.sec.gov. Upon written request to Ms. Sarah Shi, Secretary, IT Tech Packaging, Inc.,
Science Park, Juli Road, Xushui District, Baoding City,
Hebei Province, People's Republic of China 072550, we will
provide without charge to each person requesting, a copy of our
2019 Annual Report, including the financial statements filed
therewith. We will furnish a requesting stockholder with any
exhibit not contained therein upon specific request. In addition,
the definitive proxy statement, as well as our 2019 Annual Report,
will be available on our Internet website at www.itpackaging.cn
.
About IT Tech Packaging, Inc.
Founded in 1996, IT Tech Packaging, Inc. is a leading
manufacturer and distributor of diversified paper products in
North China. Using recycled paper
as its primary raw material (with the exception of its tissue paper
products), ITP produces and distributes three categories of paper
products: corrugating medium paper, offset printing paper and
tissue paper products. With production based in Baoding and Xingtai
in North China's Hebei Province, ITP is located strategically
close to the Beijing and
Tianjin region, home to a growing
base of industrial and manufacturing activities and one of the
largest markets for paper products consumption in the country. ITP
has been listed on the NYSE American since December 2009. For more information, please
visit: www.itpackaging.cn .
Safe Harbor Statements
This press release may contain forward-looking statements. These
forward-looking statements involve inherent risks and uncertainties
that could cause actual results to differ materially from those
projected or anticipated, including risks outlined in the Company's
public filings with the Securities and Exchange Commission,
including the Company's latest annual report on Form 10-K. All
information provided in this press release speaks as of the date
hereof. Except as otherwise required by law, the Company undertakes
no obligation to update or revise its forward-looking
statements.
For more information, please contact:
At the Company Email:
ir@itpackaging.cn
Tel: +86 0312 8698215
Investor Relations:
Janice Wang
EverGreen Consulting Inc.
Email: ir@changqingconsulting.com
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SOURCE IT Tech Packaging, Inc.