IT Tech Packaging, Inc. (NYSE American: ITP) today announced that the company has failed to meet the continued listing standards of NYSE American LLC (“NYSE American” or the “Exchange”), and its listing will continue under an extension approved by NYSE Regulation. The targeted completion date for the plan (“new cure deadline”) is April 15, 2027.
The company previously disclosed that it failed to comply with Sections 134 and 1101 of the NYSE American Company Guide (the “Company Guide”) due to its failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2026, and June 30, 2026 (collectively, the “Delinquent Filings”).
Pursuant to Section 1007 of the Company Manual, if the Company cannot remedy the filing delay within the first six months of the maximum 12-month cure period, it must submit a request for an extension. On October 1, 2026, the Company submitted an extension request to NYSE Regulation. On October 7, 2026, the Company received a letter from NYSE Regulation notifying it that the extension request had been reviewed and accepted, and granting the Company a plan period through April 15, 2027, to complete the delayed filings and any additional filings subsequently delayed with the SEC.
During the plan period, NYSE Regulation staff will periodically review the company’s progress toward meeting the milestones outlined in the plan. If the company fails to make timely progress during the plan period, or fails to complete the filing of all delinquent documents and any subsequent filings with the SEC by the latest deadline of April 15, 2027—the end of the maximum 12-month remediation period—the exchange staff may initiate delisting proceedings at their discretion. The company may appeal the staff’s delisting decision in accordance with Section 1010 and Part 12 of the Company Guide.
During the grace period, the company’s common stock will continue to be listed and traded on the NYSE American, provided the company complies with the plan and other applicable continued listing requirements, and the “.LF” designation will remain next to the stock symbol until the filing delay is resolved. This extension will have no immediate impact on the listing or trading of the company’s common stock.
The company stated that it is working to complete the delayed filing and currently expects to submit it on or before the new remedial deadline; however, it cannot guarantee that the filing will be submitted on time or that it will regain compliance with the NYSE American continued listing standards.
About IT Tech Packaging, Inc.
IT Tech Packaging, Inc., established in 1996, is a leading manufacturer and distributor of diversified paper products in northern China. In addition to tissue products, the company produces and sells three main categories of paper products using recycled paper as the primary raw material: corrugated base paper, offset printing paper, and tissue products. The company operates manufacturing facilities in Baoding and Xingtai, Hebei Province, strategically located near Beijing and Tianjin to serve the region’s growing industrial and manufacturing activities—one of China’s largest markets for paper product consumption. ITP has been listed on the NYSE American since December 2009. For more information, visit www.itpackaging.cn.
Forward-looking statements
This press release contains "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding whether the company can and when it expects to complete the delayed filing of documents and any further delayed filings, whether it can make progress by April 15, 2027, whether it can regain compliance with the NYSE American continued listing standards, and whether the company’s common stock will continue to be listed on the NYSE American. Words such as "may," "could," "should," "will," "believe," "expect," "estimate," "anticipate," "intend," "plan," "goal," and similar expressions are intended to identify forward-looking statements. These statements are subject to substantial risks and uncertainties, many of which are beyond the company’s control, and actual results may differ materially from those expressed or implied. For additional information regarding these and other risks, please refer to the company’s filings with the SEC, including the "Risk Factors" section in its most recently filed Form 10-K annual report. All forward-looking statements are made only as of the date of this press release, and the company undertakes no obligation to update any forward-looking statements except as required by law.
Contact Information:
Company email: [email protected]
Phone: +86 0312 8698215