Webplus: ONP/20191104/8-K/2_EX-99.1/000.htm SEC Original: f8k103119ex99-1_ittechpack.htm
IT Tech Packaging, Inc. Announces Results of 2019 Annual Meeting of Stockholders BAODING, China, October 31, 2019 /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 the results of the Company’s 2019 Annual Meeting of Stockholders (the “Annual Meeting”) held
IT Tech Packaging, Inc. Announces Results of 2019 Annual Meeting of Stockholders
BAODING, China, October 31, 2019 /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 the results of the Company's 2019 Annual 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, October 31, 2019.
At the Annual Meeting, IT Tech Packaging’s stockholders:
|1.||Elected 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 2021 annual meeting of stockholders and until their respective successors have been duly elected and qualified or until his earlier resignation, removal or death;|
|2.||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, 2019;|
|3.||Approved the adoption of the Company’s 2019 Omnibus Equity Incentive Plan, under which the number of shares of common stock of the Company authorized for issuance will be 2,000,000 shares;|
About IT Tech Packaging, Inc.
Founded in 1996, IT Tech Packaging, Inc. ("ITP") 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
Tel: +86 0312-8698215
Melody Shi, CPA
EverGreen Consulting Inc.
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Webplus: ONP/20191104/8-K/1/000.htm SEC Original: f8k103119_ittechpack.htm
|Title of Each Class||Trading Symbol(s)||Name of Each Exchange on Which Registered|
|Common Stock||ITP||NYSE MKT|
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Company held its Annual Meeting of Stockholders on October 31, 2019, China time (the “Annual General Meeting”). A total of 16,316,650 shares of common stock, representing 73.98% of the shares of common stock outstanding and eligible to vote and constituting a quorum, were represented in person or by valid proxies at the Annual General Meeting. The final results for each of the matters submitted to a vote of stockholders at the Annual General Meeting as set forth in the Proxy Statement are as follows:
Proposal 1. All the two nominees for directors in Class I were elected to serve until the 2021 Annual General Meeting of Stockholders and until their respective successors have been duly elected and qualified, or until such director’s earlier resignation, removal or death. The result of the votes to elect the two directors was as follows:
|Marco Ku Hon Wai||12,914,413||0||81,765||0|
|Wenbing Christopher Wang||12,917,503||0||78,674||0|
Proposal 2.The appointment of WWC, P.C. Certified Accountants as the Company’s independent registered public accounting firm for fiscal 2019 was ratified by the stockholders by the votes set forth in the table below:
There were no broker non-votes with respect to the appointment of WWC, P.C. Certified Accountants.
Proposal 3. The IT Tech Packaging Inc. 2019 Omnibus Equity Incentive Plan was adopted and approved. The results of the votes to adopt and approve The IT Tech Packaging Inc. 2019 Omnibus Equity Incentive Plan was as follows:
Item 8.01 Other Events.
On October 31, 2019, the Company issued a press release announcing the results of the Annual General Meeting. A copy of the press release that discusses this matter is filed as Exhibit 99.1 to, and incorporated by reference in this report.
Item 9.01 Financial Statements and Exhibits
|99.1||Press release, dated October 31, 2019.|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|IT TECH PACKAGING, INC.|
|Date: November 4, 2019||By:||/s/ Zhenyong Liu|
|Title:||Chief Executive Officer|
Ticker: ONP, Company: IT TECH PACKAGING, INC., Type: 8-K, Date: 2019-11-04CIK: 0001358190, Location: F4, SIC: 2670, SIC Desc: CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES)
Business Phone & Address:
SCIENCE PARK, JULI ROAD, XUSHUI COUNTY, BAODING CITY
HEBEI PROVINCE, 072550