Exhibit 99.1 IT Tech Packaging Inc. Announces third Quarter 2024 Unaudited Financial Results BAODING, China, Nov. 15, 2024 /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 its unaudited financial results for the nine and three months ended September 30, 2024. Third Quarter 2024 Unaudited Financial Results | --- | --- | --- | --- | |-------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34577 IT TECH PACKAGING, INC. (Exact name of registrant as specified in its charter) | --- | --- | |---------------------------------|- ...

 - 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 VotingBAODING, China, Oct. 15, 2024 /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' ...

BAODING, China, Sept. 9, 2024 /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 2024 annual meeting of stockholders and expects to hold its 2024 annual meeting of stockholders on October 31, 2024 (local time) at its production base in Wei County, Hebei Province, China.When:              10:00 a.m. Beijin ...

Exhibit 99.1 * Products from PM6 ** Products from PM1 IT Tech Packaging, Inc. Announces Second Quarter 2024 Unaudited Financial Results BAODING, China, August 12, 2024 /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 its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Unaudited Financial Results | --- | --- | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34577 IT TECH PACKAGING, INC. (Exact name of registrant as specified in its charter) | --- | --- | |---------------------------------|------ ...

Exhibit 99.1 IT Tech Packaging, Inc. Announces First Quarter 2024 Unaudited Financial Results BAODING, China, May 10, 2024 /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 its unaudited financial results for the first quarter ended March 31, 2024. Mr. Zhenyong Liu commented: "In the first quarter of FY2024, we realized revenue of approximately $6.86 million ...

Financial Performance - Revenue decreased by 65.32% to $6.86 million in Q1 2024, primarily due to production suspensions of corrugating medium paper (CMP) and tissue paper products [3][4] - Gross profit improved to $0.40 million from a loss of $0.28 million in Q1 2023, with gross profit margin increasing by 7.21 percentage points to 5.81% [3][7] - Net loss widened to $3.75 million in Q1 2024 from $2.73 million in Q1 2023, with loss per share increasing to $0.37 from $0.27 [3][9] - EBITDA turned negative at -$0.02 million in Q1 2024 compared to $1.21 million in Q1 2023 [3][11] Product Performance - CMP revenue, including regular and light-weight, decreased by 65.04% to $6.83 million, accounting for 100% of total revenue in Q1 2024 [5] - Regular CMP revenue fell by 65.08% to $5.75 million, with sales volume dropping to 15,640 tonnes at an ASP of $368/tonne [6] - Light-weight CMP revenue declined by 64.83% to $1.08 million, with sales volume decreasing to 3,030 tonnes at an ASP of $355/tonne [6] - Tissue paper products and face masks generated no revenue in Q1 2024 due to production suspensions [6][7] Industry and Market Conditions - Domestic packaging paper faced sluggish demand and price pressures in Q1 2024 [2] - Increased production capacity from industry peers and intensified competition from imported finished products posed challenges [2] - Interest rate hikes added persistent pressure on the industry [2] - China is implementing policies to stimulate the economy and support enterprises, which may improve the packaging paper industry's business environment [2] Operational Strategies - The company plans to optimize raw material structure and minimize purchase prices to ensure production efficiency and consistent quality [2] - Exploration of new products and markets with appropriate price adjustments is underway to capture greater market share [2] - Better control of inventory, working capital, and cash flow is expected to improve the company's operational health [2] Financial Position - Cash and bank balances increased to $4.51 million as of March 31, 2024, from $3.92 million at the end of 2023 [12] - Short-term debt rose to $9.69 million, while long-term debt decreased to $3.24 million [12] - Working capital stood at $5.44 million as of March 31, 2024, down from $6.94 million at the end of 2023 [13] - Net cash provided by operating activities was $0.62 million in Q1 2024, significantly lower than $4.81 million in Q1 2023 [14][15]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34577 IT TECH PACKAGING, INC. (Exact name of registrant as specified in its charter) | --- | --- | |--------------------------------------- ...

Exhibit 99.1 IT Tech Packaging, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results BAODING, China, March 27, 2024 /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 its unaudited financial results for the fourth quarter and audited financial results for the fiscal year ended December 31, 2023. Mr. Zhenyong Liu, Chairman and Chief Executive O ...