What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2023-03-24 compared with 2022-03-15 · 40 added, 50 removed, 1 unchanged (99% of the section changed)

Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Tech Packaging’s common stock is traded on the NYSE American under the symbol “ITP”.

of March 15, 2022, we had approximately 9,000 shareholders of record of our common stock.

November 21, 2013, the Company declared another quarterly dividend of $0.005 per share to shareholders of record as of November 29, 2013.

dividend was paid on December 10, 2013.

Market for Registrant’s Common Equity, Related

Stockholder Matters and Issuer Purchases of Equity Securities

Market Information

IT Tech Packaging’s common stock is traded on the NYSE

American under the symbol “ITP”.

As of March 23, 2023, we had approximately 9,000 shareholders

of record of our common stock.

On November 21, 2013, the Company declared another

quarterly dividend of $0.005 per share to shareholders of record as of November 29, 2013.

The dividend was paid on December 10, 2013.

Total dividends declared and paid for the year ended December 31, 2013 were $323,032.

do not expect to pay dividends in the near future.

Future declaration of dividends will depend on, among other things, the Company’s

results of operations, capital requirements, financial condition and on such other factors as the Company’s Board of Directors

may in its discretion consider relevant and in the best long term interest of the shareholders.

Compensation Plan Information

August 29, 2015, the Company’s Annual General Meeting approved the 2015 Omnibus Equity Incentive Plan (the “2015 ISP”).

Under the 2015 ISP, the Company may grant an aggregate of 1,500,000 shares of the Company’s common stock to the directors, officers,

employees and/or consultants of the Company and its subsidiaries.

The 2015 ISP provides for the granting of non-qualified stock options,

incentive stock options, restricted stock awards, restricted stock unit awards, stock appreciation rights, performance stock awards,

performance unit awards, unrestricted stock awards, distribution equivalent rights or any combination of the foregoing.

is administered by the Compensation Committee of the Board of Directors.

Subject to the provisions of the 2015 ISP, the Compensation

Committee has the sole authority, in its discretion, to make all determinations under the plan, including but not limited to (i) determining

which employees, directors or consultants shall receive an award, (ii) the time or times when an award shall be made, (iii) what type

of award shall be granted, (iv) the term of an award, (v) the date or dates on which an award vests, (vi) the form of any payment to

be made pursuant to an award, (vii) the terms and conditions of an award, (viii) the restrictions under a restricted stock award, (ix)

the number of shares which may be issued under an award, (x) performance goals applicable to any award and certification of the achievement

of such goals, and (xi) the waiver of any restrictions or performance goals, subject in all cases to compliance with applicable laws.

On January 12, 2016, the Company granted an aggregate of 1,133,916 shares of common stock under its compensatory incentive plans to nine

officers, directors and employees of and a consultant when the stock was at $1.25 per share, as compensation for their services in the

past years, of which 168,416 shares of common stock were granted under the 2012 Incentive Stock Plan and 965,500 shares were granted

under the 2015 Omnibus Equity Incentive.

On September 13, 2018, the compensation committee granted an aggregate of 534,500 shares of

common stock to fifteen officers, directors and employees of the Company, which were granted under the 2015 Omnibus Equity Incentive

Total fair value of the shares of common stock granted was calculated at $470,360 as of the date of issuance at $0.88 per share.

August 14, 2019, the Company’s Annual General Meeting approved the 2019 Incentive Stock Plan (the “2019 ISP”).

the 2019 ISP, the Company may grant an aggregate of 2,000,000 shares of the Company’s common stock to the Company’s directors,

officers, employees or consultants.

Specifically, the Board and/or the Compensation Committee have authority to (a) grant, in its discretion,

Incentive Stock Options or Non-statutory Options, Stock Awards or Restricted Stock Purchase Offers;

(b) determine in good faith the fair

market value of the stock covered by any grant;

terms and conditions to be included in such grants;

and (d) make all other determinations necessary or advisable for the 2019 ISP’s

administration.

shares of common stock under the 2015 and 2019 ISPs, including shares originally authorized by equity holders and shares remaining for

future issuance as of December 31, 2021, have been issued.

Incentive Stock Plan

November 12, 2021, the Company’s Annual General Meeting adopted and approved the 2021 Omnibus Equity Incentive Plan of IT Tech

Packaging, Inc.(the”2021 Plan”).Under the 2021 ISP, the Company has reserved a total of 1,500,000 shares of common stock

for issuance as or under awards to be made to the directors, officers, employees and/or consultants of the Company and its subsidiaries.

Sales of Unregistered Securities

of Equity Securities by the Issuer and Affiliated Purchasers

We do not expect to pay dividends

in the near future.

Future declaration of dividends will depend on, among other things, the Company’s results of operations, capital

requirements, financial condition and on such other factors as the Company’s Board of Directors may in its discretion consider relevant

and in the best long term interest of the shareholders.

Equity Compensation Plan Information

2021 Incentive Stock

On November 12, 2021, the

Company’s Annual General Meeting adopted and approved the 2021 Omnibus Equity Incentive Plan of IT Tech Packaging, Inc.(the”2021

Under the 2021 ISP, the Company has reserved a total of 150,000 shares of common stock for issuance as or under awards to

be made to the directors, officers, employees and/or consultants of the Company and its subsidiaries.

All shares of common stock

under the 2021 ISP, including shares originally authorized by equity holders and shares remaining for future issuance as of December 31,

2022, have been issued.

Equity Compensation

following table provides information as of December 31, 2022 about our equity compensation plan and arrangements:

Plan category

Number of securities to

be issued upon exercise

of outstanding options

and restricted stock units

Weighted-average

exercise price of

outstanding options,

and restricted stock units

Number of securities remaining available for future issuance under equity compensation plans

Equity compensation plans approved by security holders

Equity compensation plans not approved by security holders

Recent Sales of Unregistered Securities

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity