Orient Paper shareholders elect directors, appoint public accounting firm and approve 2012 incentive stock plan at annual meeting on Sept. 10 in Beijing

BAODING, China , September 11, 2012 (press release) – Orient Paper, Inc. (NYSE AMEX: ONP) ("Orient Paper" or the "Company"), a leading manufacturer and distributor of diversified paper products in northern China, today announces the results of the Company's 2012 Annual Meeting of Shareholders (the "Annual Meeting"), which was held on September 10, 2012, in Beijing, China.

At the Annual Meeting, Orient Paper's shareholders approved the following proposals:

  • Elected directors Mr. Zhenyong Liu, Mr. Fuzeng Liu and Ms. Zhaofang Wang as directors in Class II to serve until the annual meeting of stockholders in 2014 and until their respective successors have been duly elected and qualified or until his earlier resignation, removal or death.
  • Appointment of BDO China Shu Lun Pan CPAs LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2012.
  • Approved the 2012 Incentive Stock Plan.

About Orient Paper, Inc.

Orient Paper, Inc., through its wholly owned subsidiary, Shengde Holdings, Inc., controls and operates Baoding Shengde Paper Co., Ltd. ("Baoding Shengde"), and Hebei Baoding Orient Paper Milling Co., Ltd ("HBOP"). Founded in 1996, HBOP is engaged in the production and distribution of products such as corrugating medium paper, offset printing paper, and other paper and packaging-related products in China. The Company uses recycled paper as its primary raw material. Baoding Shengde, founded in June 2009 located in Baoding, is engaged in the production and distribution of digital photo paper. As one of the largest paper producers in Hebei Province, China, HBOP is strategically located in Baoding, a city in close proximity to Beijing where the majority of publishing houses are based. Orient Paper is led by an experienced management team committed to diversifying the Company's product offering and delivering tailored services to its customers. For more information, please visit http://www.orientpaperinc.com.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.