On August 27, 2026, Montis CPA Limited ("Montis") notified the audit committee (the "Audit Committee") of the Board of Directors (the "Board") of IT Tech Packaging, Inc. (the "Company") of its resignation as the Company’s independent registered public accounting firm, effective immediately.

 

The Company engaged Montis on April 22, 2026, with the approval of the Audit Committee, to audit the Company’s consolidated financial statements for the fiscal year ended December 31, 2025. Montis did not issue any audit report on the Company’s financial statements during the period from April 22, 2026 (the date of engagement) through August 27, 2026 (the date of resignation). Accordingly, there were no audit reports issued by Montis on the Company’s financial statements for either of the two most recent fiscal years or any subsequent interim period preceding Montis’s resignation that contained an adverse opinion or disclaimer of opinion, or were qualified or modified as to uncertainty, audit scope, or accounting principles.

 

During the period from April 22, 2026 through August 27, 2026, a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K) arose between the Company’s management and Montis concerning the accounting treatment, disclosure, and nature of a US$1,050,000 loan to the Company’s Chief Executive Officer. The disagreement was not resolved to Montis’s satisfaction, and therefore Montis discontinued the engagement and resigned. The Audit Committee discussed the subject matter of the disagreement with Montis on August 18, 2026, and stated that the US$1,050,000 was a payment for the purchase of equipment.

 

Except for the matter described above, during the Company’s two most recent fiscal years ended December 31, 2025 and any subsequent interim period preceding Montis’s resignation, there were no other disagreements between the Company and Montis on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to Montis’s satisfaction, would have caused Montis to make reference to the subject matter of any such disagreement in its report on the Company’s financial statements.

 

During the Company's two most recent fiscal years and any subsequent interim period preceding Montis’s resignation, there were no "reportable events" (as defined in Item 304(a)(1)(v) of Regulation S-K).

 

The Company has authorized that Montis respond fully to the inquiries of HCL (as defined below), the successor accountant, if any, concerning the subject matter of the disagreement described above.

 

The Company has provided Montis with a copy of the disclosures contained in this Current Report on Form 8-K and has requested that Montis furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not Montis agrees with the statements made herein. A copy of Montis’s letter, dated September 1, 2026, is filed as Exhibit 16.1 to this Current Report on Form 8-K.