IT Tech Packaging Inc. continues to implement our business development strategy using advanced production technology and modern management practices. Since its establishment, the company has been committed to this strategy, making the company one of the largest papermaking enterprises in North China, with products covering the national market. By expanding to higher-margin products and expanding production scale, the company has experienced tremendous growth in financial strength and market acceptance over the past two decades.
Utilizing an environmentally friendly production process, the company has always been committed to being a socially and environmentally responsible company, despite the fact that we have been expanding the capacity of traditional paper products to take a larger share of the rapidly growing market. Our wastewater reclamation systems and environmentally friendly, recyclable production processes have demonstrated that Oriental Paper is trying to change the public's impression that the Chinese paper industry is a highly polluting industry. We are proud of our company's achievements in environmental protection.
Papermaking has a history of thousands of years and is a great invention in China. We will continue to explore and pursue, incorporating innovative processes and advanced technologies into traditional manufacturing processes to keep pace with technological developments and adapt to changing market demands.
As the company's common stock is listed on the New York Stock Exchange (NYSE MKT), we will continue to strengthen corporate governance and create long-term value for our shareholders.
Chairman Liu Zhenyong
IT Tech Packaging Inc.