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Karat Packaging Inc
6185 Kimball Ave
Phone: (626) 965-8882p:626 965-8882 CHINO, CA  91708  United States Ticker: KRTKRT
Business Summary
Karat Packaging Inc. is a specialty distributor and manufacturer of a range of disposable foodservice products and related items, primarily used by national and regional restaurants and in foodservice settings across the United States. The Company classifies its customers into four categories. Distributors include national and regional distributors across the United States that purchase its products and provide a channel to offer its products to restaurants, offices, schools, government entities and other end users. National and regional chains include typically fast casual and fast-food restaurants with locations across multiple states. Retail includes primarily regional bubble tea shops, boutique coffee shops and frozen yogurt shops that often purchase its specialty beverage ingredients and related items. E-commerce/Online includes small businesses, such as small restaurants, bubble tea shops, coffee shops, juice bars, smoothie shops and some customers who purchase for personal use.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023YesYes---

Industries
SIC Code Description
3089 Plastics products, not elsewhere classified
2673 Plastics, foil, and coated paper bags
2671 Packaging paper and plastics film, coated and laminated
5113 Industrial and personal service paper
6719 Offices of holding companies, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, Chief Executive Officer AlanYu 53
Chief Financial Officer, Director JianGuo 44 9/1/2023 2/1/2022
Chief Operating Officer JoanneWang 51 12/1/2023 12/1/2018
5 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Lollicup USA Inc. 6185 Kimball Avenue Chino CA United States

Business Names
Business Name
KRAT
KRT
Lollicup Franchising, LLC
Lollicup USA Inc.

General Information
Number of Employees: 778 (As of 12/31/2023)
Outstanding Shares: 19,972,030 (As of 3/7/2024)
Shareholders: 13
Stock Exchange: NASD
Federal Tax Id: 832237832
Fax Number: (302) 655-5049


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Thursday, April 18, 2024