2020 Baoding Comprehensive Emergency Response Drill of Radiation Incidents Conducted in IT Tech Packaging, Inc.

Rhea-AI Summary

IT Tech Packaging, Inc. (NYSE MKT: ITP) announced a successful radiation incident emergency drill conducted by Baoding City Ecological Environment Bureau on October 23, 2020, at its Hebei Baoding Dongfang Paper Milling Co., Ltd. The drill aimed to enhance the company's emergency response capabilities and provide employees with practical experience in a safe setting. CEO Zhenyong Liu emphasized the company's commitment to environmental protection and responsible management of safety protocols. Founded in 1996, ITP focuses on producing recycled paper products, strategically located in North China.

Positive

• Successful emergency drill improves safety response procedures.
• Commitment to environmental protection and social responsibility.
• Strategically positioned in a growing market for paper products.

Negative

• None.

BAODING, China, Oct. 27, 2020 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE MKT: ITP) ("IT Tech Packaging" or "the Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced, on October 23, 2020, Baoding City Ecological Environment Bureau conducted a comprehensive emergency response drill for radiation incidents in Hebei Baoding Dongfang Paper Milling Co., Ltd. After the drill, bureau leaders and company management held a meeting evaluating the drill. The Company believes that the drill will be helpful for the Company to evaluate effectiveness of response procedures and give employees an opportunity to practice emergency procedures in a simulated but safe environment.

Mr. Zhenyong Liu, CEO and Chairman of the Company commented: "As an environment-friendly enterprise, our company has always taken environmental protection as its priority, and put prevention in the first place. By co-organizing and actively participating in this drill, we have accumulated experience in dealing with and handling emergencies, and improved the ability to deal with the accidents. In the future, our Company will, as always, actively fulfill its social responsibility and promote the continuous and stable improvement of safety production and environmental protection with greater determination and more solid work."

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 MKT since December 2009.

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

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SOURCE IT Tech Packaging, Inc.

FAQ

What was the purpose of the emergency drill conducted by IT Tech Packaging on October 23, 2020?

The emergency drill aimed to enhance the company's emergency response capabilities for radiation incidents.

How does IT Tech Packaging prioritize environmental protection?

The company emphasizes environmental protection and responsible management as a core aspect of its operations.

What types of products does IT Tech Packaging manufacture?

IT Tech Packaging produces corrugating medium paper, offset printing paper, and tissue paper products.

When was IT Tech Packaging listed on the NYSE?

IT Tech Packaging was listed on the NYSE MKT in December 2009.