BAODING, China, Sept. 7,
2023 /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 definitive proxy statement for its 2023 annual
meeting of stockholders and expects to hold its 2023 annual meeting
of stockholders on October 31, 2023
(local time) at its production base in Wei County, Hebei Province, China.
When:
10:00 a.m. Beijing Time, October 31, 2023
(10:00 p.m. ET, October 30, 2023)
Where:
Wei
County Production Base, IT Tech Packaging, Inc.
Wei County, Hebei Province,
China, 054700
As fully discussed in the definitive proxy statement described
below, the stockholders will be asked to consider and vote upon the
following proposals at the annual meeting:
- Election of two Class I directors (Marco Ku Hon Wai and Wenbing Christopher Wang) to serve on the Board
of Directors of the Company, with such Class I directors to serve
until the 2025 Annual Meeting of Stockholders and until their
respective successors have been duly elected and qualified or until
his or her earlier resignation, removal or death;
- 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, 2023;
- Approval of the adoption of the IT Tech Packaging, Inc. 2023
Omnibus Equity Incentive Plan (the "2023 Plan"); and
- 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 September 6, 2023 are entitled to receive a
Notice of Meeting 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 September 7, 2023, a definitive proxy statement,
which is publicly available,. 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 AND THE 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. Dahong Zhou,
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 2022 Annual Report, including the
financial statements filed therewith, a copy of the Notice of
Meeting and the definitive proxy statement. We will furnish a
requesting stockholder with any exhibit not contained therein upon
specific request. In addition, the Notice of Meeting and the
definitive proxy statement, as well as our 2022 Annual Report, will
be available on our website at www.itpackaging.cn.
If you have questions about the annual meeting or require
assistance in submitting your proxy or voting your shares, please
contact the Company's proxy solicitor:
ADVANTAGE PROXY, INC.
Toll Free in North America: 1-877-870-8565
Collect: 1-206-870-8565
Email: ksmith@advantageproxy.com
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 .
Forward-looking Statements
This release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements give our current expectations, opinion,
belief or forecasts of future events and performance. A statement
identified by the use of forward-looking words including "will,"
"may," "expects," "projects," "anticipates," "plans," "believes,"
"estimate," "should," and certain of the other foregoing statements
may be deemed forward-looking statements. These forward-looking
statements are subject to a number of risks, uncertainties and
assumptions, including market and other conditions. More detailed
information about the Company and the risk factors that may affect
the realization of forward-looking statements is set forth in the
Company's filings with the SEC. Investors and security holders are
urged to read these documents free of charge on the SEC's web site
at http://www.sec.gov. The Company undertakes no obligation to
update any such forward-looking statements after the date hereof to
conform to actual results or changes in expectations, except as
required by law.
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SOURCE IT Tech Packaging, Inc.
