IT Tech Packaging effects 1-for-10 reverse stock split; authorized shares reduced to 50M

IT TECH PACKAGING, INC.

Reverse stock split effective July 7, 2022; trading reflects split at market open July 8.
Authorized common shares reduced from 500M to 50M; issued and outstanding proportionally decreased.
No fractional shares issued; fractions rounded up to nearest whole share.
No change to par value ($0.001) or percentage ownership except for fractional share rounding.

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