IT Tech Packaging, Inc. Reminds Stockholders of Importance of Voting at Annual Meeting of Stockholders to be held on November 12, 2021

Rhea-AI Summary

IT Tech Packaging, Inc. (NYSE American: ITP) is urging stockholders to vote ahead of its annual meeting scheduled for November 12, 2021, in Wei County, Hebei Province, China. All stockholders who held shares as of September 20, 2021 are entitled to vote. The company emphasizes that each vote is crucial to meet the quorum requirement needed to hold the meeting. Failure to secure enough votes could delay the meeting and increase costs. Stockholders can vote online, by phone, or via mail, with assistance available through Advantage Proxy.

Positive

• Annual meeting provides stockholders a chance to influence company decisions.
• Emphasis on the importance of voting may enhance shareholder engagement.

Negative

• Failure to achieve quorum could result in meeting postponement, leading to increased time and costs.

• Every stockholder's vote is important, regardless of the number of shares held
• Every vote counts towards the quorum required to hold the meeting
• Contact Advantage Proxy, Inc. at 1-877-870-8565 or 1-206-870-8565 for Assistance with Voting

BAODING, China, Nov. 1, 2021 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE American: ITP), a leading manufacturer and distributor of diversified paper products in North China, today reminds stockholders that have not yet voted to vote without delay "FOR" the company's proposals as disclosed in the proxy statement at www.sec.gov.  The annual meeting will be held on November 12, 2021 at 10:00 a.m. Beijng Time at ITP's production base in Wei County, Hebei Province, China.  Stockholders of record at the close of business on September 20, 2021 are entitled to receive notice and vote at the annual meeting.

Every stockholder's vote is important, regardless of the number of shares you hold. Accordingly, IT Tech Packaging, Inc.  requests that each stockholder either vote online, by telephone or complete, sign, date and return a proxy card if they have not already done so, to ensure that the stockholder's shares will be represented at the Meeting.

PLEASE VOTE
YOUR VOTE COUNTS TOWARDS THE QUORUM REQUIREMENT TO HOLD THE MEETING
THE COMPANY CANNOT HOLD THE MEETING IF THE QUORUM REQUIREMENT IS NOT MET

If you fail to return your proxy card or fail to instruct your bank, broker or other nominee how to vote, your shares will not be counted for purposes of determining whether a quorum is present at the Meeting. The  company is required to hold the annual meeting as part of the NYSE listing requirements.  If the Company is unable to achieve a quorum, the meeting will have to be postponed until such time as the Company is able to achieve the required quorum.   This increases time and costs and delays satisfying the NYSE listing requirement.

If you have not received a copy of the meeting materials, or need assistance with voting your shares, please contact Advantage Proxy, Inc. toll free at 1-877-870-8565, collect at 1-206-870-8565 or by email to ksmith@advantageproxy.com.

Additional Information

In connection with the annual meeting, the Company filed with the Securities and Exchange Commission (the "SEC") on September 10, 2021 , a preliminary proxy statement, which is publicly available, and will file with the SEC a definitive proxy statement on or about September 20, 2021 and mail a definitive proxy statement to stockholders on or about September 27 , 2021. 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. 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 2020 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 2020 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
Phone: +1 571-464-9470 (from U.S.)
+86 13811768559 (from China )

View original content:https://www.prnewswire.com/news-releases/it-tech-packaging-inc-reminds-stockholders-of-importance-of-voting-at-annual-meeting-of-stockholders-to-be-held-on-november-12-2021-301412684.html

SOURCE IT Tech Packaging, Inc.

FAQ

What is the date of IT Tech Packaging's annual meeting in 2021?

The annual meeting is scheduled for November 12, 2021.

Why is it important for stockholders to vote in the IT Tech Packaging meeting?

Every vote counts towards the quorum requirement to hold the meeting, and lack of votes could postpone it.

Who is eligible to vote at the IT Tech Packaging annual meeting?

Stockholders of record as of September 20, 2021, are entitled to vote.

How can stockholders vote for IT Tech Packaging's proposals?

Stockholders can vote online, by telephone, or by returning a completed proxy card.

What happens if IT Tech Packaging does not achieve quorum?

The company will have to postpone the meeting, which may incur additional costs and delays.