#China #Reverse Stock Split #NYSE American #IT Tech Packaging #Baoding

IT Tech Packaging, Inc. Announces Reverse Stock Split

Overview
In a significant development for shareholders and investors, IT Tech Packaging, Inc. (NYSE American: ITP), a prominent manufacturer and distributor of diversified paper products in Northern China, has announced a reverse stock split of its common stock. This strategic decision, endorsed by the Board of Directors, is set to take effect on November 20, 2026. Under this action, stockholders will see their shares consolidated at a 1-for-40 ratio. This move is primarily intended to enhance compliance with NYSE American’s listing standards related to the minimum share price requirement.

Details of the Reverse Stock Split

The reverse stock split will adjust the company’s existing shares from approximately 19,965,420 to approximately 499,136 shares. This is a notable reduction in the number of outstanding shares, making a significant difference to the stock price. The effective date of the split is anticipated to coincide with November 20, 2026, and trading on a split-adjusted basis will commence on November 23, 2026, pending approval from NYSE American.

Under § 78.207 of the Nevada Revised Statutes, IT Tech Packaging can decrease the number of authorized shares without needing a vote from stockholders. As a result, the Company’s authorized shares will drop from 50 million to 1.25 million, marking a pivotal shift in the corporate structure.

Shareholder Impact

The reverse stock split means that shareholders will not only see a reduction in the number of shares they own but will also receive whole shares if their fractional shares result from this consolidation. Importantly, this action will not alter the total ownership percentage each shareholder holds, aside from minor adjustments related to rounding.

For shareholders maintaining their stocks in electronic form, the changes will automatically reflect in their accounts. Those holding physical certificates, however, have the option to exchange their existing certificates for new ones that reflect the updated number of shares. The Company’s transfer agent, Empire Stock Transfer, stands ready to facilitate this process.

Context and Rationale

This measure comes at a time when IT Tech Packaging is seeking to meet minimum price standards mandated by the NYSE American. The Company has experienced fluctuating stock prices, rendering it imperative to initiate this reverse stock split to boost its trading value. This proactive step aims not only to enhance market perception but also to open avenues for further investments and enhance shareholder confidence.

About IT Tech Packaging, Inc.

Established in 1996, IT Tech Packaging, Inc. specializes in producing a variety of paper products, focusing on sustainability by utilizing recycled materials. Their main manufacturing bases are located in Baoding and Xingtai, strategically positioned to capitalize on the robust demand for paper products in the Beijing and Tianjin regions, prolific industrial areas in China.

It's worth noting that IT Tech Packaging has been listed on the NYSE American since December 2009, marking a significant milestone in its journey. Investors interested in learning more about the company or its recent developments can visit their official website at www.itpackaging.cn.

Looking Ahead

With the reverse stock split, IT Tech Packaging, Inc. has set its sights on stability and growth in a competitive market. While the immediate financial ramifications will be closely monitored, the Company remains optimistic about its long-term trajectory, driven by strategic initiatives and a commitment to operational excellence.

As the market adjusts to this news, investors and analysts will be carefully watching how these changes will play out in terms of stock performance and shareholder reaction. The coming weeks will be crucial for IT Tech Packaging as it navigates the implications of this split and works to ensure its compliance with NYSE listing standards.