Business Context and Reporting Period
This Form 8-K is filed by IT Tech Packaging, Inc. (ITP), a Nevada corporation with principal offices in Baoding City, China. The report covers events occurring on August 27, 2026, and August 29, 2026, regarding a change in the company's independent registered public accounting firm.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt levels, or liquidity ratios. The only specific financial figure disclosed relates to a disputed transaction:
- Disputed Amount: US$1,050,000.
- Context: A loan to the Chief Executive Officer (per the former accountant) or a payment for equipment purchase (per management).
Material Changes
The primary material change reported is the resignation of the former auditor and the appointment of a successor:
- Resignation: Montis CPA Limited ("Montis") resigned as the independent registered public accounting firm effective August 27, 2026. Montis was engaged on April 22, 2026, to audit the fiscal year ended December 31, 2025, but issued no reports prior to resignation.
- Appointment: HCL, PLLC ("HCL") was engaged as the new independent registered public accounting firm effective August 29, 2026.
- Reason for Change: A disagreement arose between management and Montis regarding the accounting treatment and disclosure of the US$1,050,000 transaction involving the CEO. Management classified it as an equipment purchase, while Montis viewed it as a loan. The disagreement was not resolved to Montis's satisfaction.
Outlook, Risks, and Contingencies
Management Commentary and Risks:
- Accounting Disagreement: The filing highlights a significant risk regarding the classification of related-party transactions. The Audit Committee maintains the US$1,050,000 was for equipment, contradicting the former auditor's view of it being a loan.
- Audit Status: No audit reports were issued by Montis for the period of engagement. The company has authorized Montis to respond to inquiries from the successor accountant, HCL.
- Regulatory Compliance: The company states there were no other "reportable events" or disagreements during the two most recent fiscal years preceding the resignation.
Investor Verification Checklist
- Verify the nature of the US$1,050,000 transaction with the CEO (loan vs. equipment purchase) in upcoming financial statements.
- Review the letter from Montis CPA Limited (Exhibit 16.1) to understand the former auditor's specific objections.
- Monitor the engagement of HCL, PLLC to ensure the audit for the fiscal year ended December 31, 2025, is completed without qualification.
- Assess the impact of the auditor change on the company's ability to file timely financial reports.