UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On November 1, 2021, the Board of Directors (the “Board”) of IT Tech Packaging, Inc. (the “Company”) approved to amend Section 9 of the Company’s Bylaws (the “Bylaws”). The purpose of the amendment was to reduce the number of shares that are required to be present at any meeting of stockholders for purposes of establishing a quorum. Prior to the amendment, the presence (in person or by proxy) of a majority of the shares outstanding on the applicable record date was required to establish a quorum for the transaction of business. The full text of Section 9 of the Bylaws was amended to read as follows:
9. QUORUM OF SHAREHOLDERS
The holders of at least one third of the shares of the Corporation issued and outstanding and entitled to vote at any meeting of the shareholders, represented in person or by proxy, shall constitute a quorum at such meeting for the transaction of any business, except as otherwise provided by the Nevada Revised Statutes and the Articles of Incorporation; provided that when a specified item of business is required to be voted on by a class or series, voting as a class, the holders of at least one third of the shares of such class or series shall constitute a quorum for the transaction of such specified item of business.
When a quorum is once present to organize a meeting, it is not broken by the subsequent withdrawal of any shareholders.
The shareholders who are present in person or by proxy and who are entitled to vote may, by a majority of votes cast, adjourn the meeting despite the absence of a quorum.
The Company’s Bylaws, as so amended and restated, are included as Exhibit 3.1 and the foregoing summary is qualified in all respects by reference to such exhibit.
Item 9.01 Financial Statements and Exhibits
| (d) | Exhibits |
| Exhibit | Description | |
| 3.1 | Amended and Restated Bylaws of IT Tech Packaging, Inc. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
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 3, 2021 | By: | /s/ Zhenyong Liu | |
| Name: | Zhenyong Liu | ||
| Title: | Chief Executive Officer | ||
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