BAODING, China, July 24, 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
the results of the Company's 2020 Annual General Meeting of
Stockholders (the "Annual Meeting") held at the Company's
production base in Wei County, Hebei
Province, China. at
10:00 a.m., Beijing Time, on
Thursday, July 23, 2020.
At the Annual Meeting, IT Tech Packaging's stockholders:
- Elected 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;
- Ratified 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;
- Conducted a "say-on-say" advisory vote to approve executive
compensation; and
- Approved 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 the
Company's common stock issued and outstanding upon exercise of the
warrants in accordance with NYSE American Rule 713(a)(ii).
About IT Tech Packaging, Inc.
Founded in 1996, IT Tech Packaging, Inc. is a leading
manufacturer and distributor of diversified paper products and
single-use face masks 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:
http://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:
EverGreen Consulting Inc.
Janice Wang
+86-13811768559
+1-908-510-2351
Email: ir@changqingconsulting.com
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SOURCE IT Tech Packaging, Inc.