IT Tech Packaging auditor quits over $1.05M CEO deal

IT Tech Packaging, Inc. (ITP) reported that its independent registered public accounting firm, Montis CPA Limited, resigned effective August 27, 2026.

Rhea-AI Filing Summary

IT Tech Packaging, Inc. (ITP) reported that its independent registered public accounting firm, Montis CPA Limited, resigned effective August 27, 2026. Montis had been engaged on April 22, 2026 to audit the fiscal year ended December 31, 2025 but did not issue any audit reports.

The resignation followed a disagreement between management and Montis over the accounting treatment, disclosure, and nature of a US$1,050,000 transaction involving the Company’s Chief Executive Officer, which the Company characterized as a payment for equipment. The audit committee discussed the matter with Montis. The company states there were no other disagreements or reportable events as defined in Regulation S-K. On August 29, 2026, the audit committee approved the engagement of HCL, PLLC as the new independent registered public accounting firm.

Positive

• None.

Negative

• Auditor resignation tied to accounting disagreement: Montis CPA Limited resigned on August 27, 2026 after an unresolved disagreement over the accounting treatment and disclosure of a US$1,050,000 transaction involving the CEO, raising governance and financial reporting risk.
• Short auditor tenure without completed audit: Montis was engaged on April 22, 2026 to audit 2025 financials but resigned roughly four months later without issuing any audit report, indicating disruption in the external audit process.

8-K Event Classification

2 items: 4.01, 9.01

2 items

Item 4.01 Changes in Registrant's Certifying Accountant Governance

The company changed its independent auditing firm, which may involve disagreements on accounting matters.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Disputed transaction amount: US$1,050,000 Montis engagement date: April 22, 2026 Montis resignation date: August 27, 2026 +3 more

6 metrics

Disputed transaction amount US$1,050,000 Amount involved in the disagreement over accounting treatment and disclosure related to the CEO

Montis engagement date April 22, 2026 Date Montis CPA Limited was engaged to audit the fiscal year ended December 31, 2025

Montis resignation date August 27, 2026 Effective date of Montis CPA Limited’s resignation as independent registered public accounting firm

Audit committee discussion date August 18, 2026 Date the audit committee discussed the disagreement with Montis

HCL engagement date August 29, 2026 Date HCL, PLLC was engaged as the new independent registered public accounting firm

Montis SEC letter date September 1, 2026 Date of Montis CPA Limited’s letter to the SEC filed as Exhibit 16.1

Key Terms

independent registered public accounting firm, disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K), reportable events, Audit Committee, +1 more

5 terms

independent registered public accounting firm financial

"its resignation as the Company’s independent registered public accounting firm, effective"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K) regulatory

"a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K) arose"

reportable events regulatory

"there were no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K)"

Reportable events are significant incidents or changes a company is legally required to disclose to regulators and the public, such as major safety problems, legal actions, financial irregularities, or management changes. They matter to investors because these events can alter a company’s risk profile or future performance, much like a dashboard warning light signals a problem that could affect a car’s safety or reliability. Timely disclosure helps investors make informed decisions and maintain market fairness.

Audit Committee financial

"Montis notified the audit committee (the “Audit Committee”) of the Board of Directors"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

Exhibit 16.1 regulatory

"A copy of Montis’s letter, dated September 1, 2026, is filed as Exhibit 16.1"

FAQ

Why did Montis CPA Limited resign as IT Tech Packaging (ITP)'s auditor?

Montis CPA Limited resigned effective August 27, 2026 after an unresolved disagreement with management over the accounting treatment, disclosure, and nature of a US$1,050,000 transaction involving the CEO. The audit committee discussed this matter with Montis before the resignation.

What was the disputed US$1,050,000 transaction at ITP?

The disputed amount was US$1,050,000, which the company stated was a payment for the purchase of equipment. Montis and management disagreed on its accounting treatment, disclosure, and nature, and this disagreement was not resolved to Montis’s satisfaction.

Did Montis issue any audit reports for IT Tech Packaging (ITP)?

No. Montis CPA Limited, engaged on April 22, 2026 to audit the year ended December 31, 2025, did not issue any audit report on IT Tech Packaging’s financial statements before resigning on August 27, 2026.

Were there other disagreements or reportable events between ITP and Montis?

IT Tech Packaging states that, aside from the US$1,050,000 matter, there were no other disagreements on accounting principles, practices, disclosures, or audit scope, and no “reportable events” as defined in Item 304(a)(1)(v) of Regulation S-K.

Who is IT Tech Packaging (ITP)'s new independent auditor?

On August 29, 2026, IT Tech Packaging engaged HCL, PLLC as its independent registered public accounting firm, with the engagement approved by the company’s audit committee. The company states it had not previously consulted HCL on accounting or auditing matters.

How is Montis involved with ITP after its resignation?

IT Tech Packaging authorized Montis to respond fully to inquiries from HCL, PLLC regarding the disagreement and requested a letter to the SEC stating whether Montis agrees with the company’s disclosures. Montis’s letter dated September 1, 2026 is filed as Exhibit 16.1.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/01/2026 - 12:51 PM Accepted by SEC EDGAR 09/01/2026 - 12:50 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 29, 2026 (August 27, 2026)

IT TECH PACKAGING, INC.

(Exact name of registrant as specified in its charter)

Nevada		001-34577		20-4158835
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

Science Park, Juli Road, Xushui District

Baoding City, Hebei Province

People’s Republic of China 072550

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (86) 312-8698215

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		ITP		NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 4.01 Changes in Registrant’s Certifying Accountant.

(a) Resignation of Independent Registered Public Accounting Firm

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.

1

(b) Appointment of Independent Registered Public Accounting Firm

On August 29, 2026, the Company engaged HCL, PLLC (“HCL”) to serve as the Company’s independent registered public accounting firm, effective immediately. The decision to engage HCL as the Company’s independent registered public accounting firm was approved by the Audit Committee of the Company on August 29, 2026.

During the Company’s two most recent fiscal years, and any subsequent interim period prior to engaging HCL, the Company did not consult with HCL regarding (i) the application of accounting principles to a specific completed or proposed transaction, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements and no written or oral advice was provided by HCL that was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue or (ii) any matter that was either the subject of a disagreement or event as set forth in Item 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
16.1		Letter from Montis CPA Limited to the Securities and Exchange Commission, dated September 1, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

2

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: September 1, 2026	By:	/s/ Zhenyong Liu
	Name:	Zhenyong Liu
	Title:	Chief Executive Officer

3

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-16.1 LETTER FROM MONTIS CPA LIMITED TO THE SECURITIES AND EXCHANGE COMMISSION, DATED 8.2 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB
• EX-101 XBRL SCHEMA FILE 2.9 KB