Orient Paper, Inc Appoints Three Independent Directors, Enhances Corporate Governance

Orient Paper, Inc Appoints Three Independent Directors, Enhances Corporate
Governance

BAODING, Hebei, China, Oct. 29 /PRNewswire-Asia-FirstCall/ -- Orient
Paper,
Inc. (OTC Bulletin Board: OPAI) ("Orient Paper" or the "Company"), which
controls and operates Hebei Baoding Orient Paper Milling Co., Ltd. ("HBOP"), a
leading manufacturer and distributor of diversified paper products in Hebei,
China, today announced the appointment of Mr. Drew Bernstein, Mr. Wenbing
Christopher Wang, and Ms. Zhaofang Wang to its Board of Directors as
independent directors effective October 28, 2009. The Company also announced
that effective October 28, 2009, Mr. Xiaodong Liu and Mr. Chen Li resigned as
directors of the Company. There was no disagreement or dispute between Mr.
Liu or Mr. Li and the Company which led to their resignations. Following
these changes, Orient Paper's board of directors is now comprised of five
directors, three of whom are independent. The Company also established Audit,
Nominating, and Compensation Committees.
"We are pleased to have Mr. Bernstein, Mr. Wang and Ms. Wang join our
Board as independent directors," commented Mr. Zhenyong Liu, Chairman and CEO
of Orient Paper. "These members bring a wealth of knowledge and experience in
the areas of accounting, corporate finance and economics as well as China's
pulp and paper industry. We look forward to working with them and believe
they will bring fresh insight and perspective to our Board. With these
appointments, we believe we now meet the corporate governance requirements to
list on a senior US stock market."
Mr. Bernstein is a co-founder and managing partner of Bernstein & Pinchuk
LLP (B&P), an accounting firm headquartered in New York. Mr. Bernstein, a
certified public accountant, received his BS degree from the University of
Maryland Business School. He is a member of the American Institute of
Certified Public Accounts (AICPA), The New York State Society of Certified
Public Accounts (NYSSCPA) and The National Society of Accountants (NSA). Upon
joining the Board, Mr. Bernstein will serve as the Chairman of the Audit
Committee.
Mr. Wenbing Christopher Wang has been President and Director of Fushi
Copperweld, Inc. ("Fushi"), a NASDAQ listed company, since January 21, 2008.
Mr. Wang also served as Fushi's Chief Financial Officer from December 13, 2005
to August 31, 2009. Prior to Fushi, Mr. Wang worked for Redwood Capital,
Inc.,
China Century Investment Corporation, Credit Suisse First Boston and VCChina
in various capacities. Fluent in both English and Chinese, Mr. Wang holds an
MBA in Finance and Corporate Accounting from Simon Business School of
University of Rochester. Mr. Wang was named one of the top ten CFO's of 2007
in China by CFO magazine. Mr. Wang currently serves as a director of NYSE
listed General Steel Holdings and NASDAQ listed China Integrated Energy, Inc.
Mr. Wang will serve as the Chairman of the Board's Nominating Committee.
Ms. Wang's work experience spans over a decade. She currently works as a
Director of Research and Development, China National Pulp & Paper Research
Institute (CNPPRI), a national research and higher education institution in
Beijing, the capital of China. She has also served as Director of the Urban
Development Department, Ministry of Housing and Urban-Rural Development of the
People's Republic of China (MOHURD). Ms. Wang has a Bachelor's degree in
Economic Management from University Guanghua School of Management, Beijing and
is a certified Senior Economist in the People's Republic of China. Ms. Wang
will serve as the Chairwoman of the Board's Compensation Committee.
About Orient Paper, Inc.
Orient Paper, Inc., through its wholly owned subsidiaries, Shengde
Holdings, Inc. and Baoding Shengde Paper Co., Ltd., controls and operates
Hebei Baoding Orient Paper Milling Co., Ltd ("HBOP"). Founded in 1996, HBOP
is engaged in the production and distribution of products such as corrugated
paper, offset paper, writing paper, and other paper and packaging-related
products in China. The Company uses recycled paper as its primary raw
material. As one of the largest paper producers in Hebei Province, China, the
Company 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.orientalpapercorporation.com .
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical fact in this
announcement are forward-looking statements, including but not limited to, the
availability of funds and working capital to finance its activities; the
actions and initiatives of current and potential competitors; the Company's
ability to introduce new products; market acceptance of new products; general
economic and business conditions; the ability to attract or retain qualified
senior management personnel and research and development staff; and other
risks detailed in the Company's filings with the Securities and Exchange
Commission. These forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations, assumptions,
estimates and projections about the companies and the industry. The Company
undertakes no obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or to changes in its
expectations, except as may be required by law. Although the Company believes
that the expectations expressed in these forward looking statements are
reasonable, it cannot assure you that its expectations will turn out to be
correct, and investors are cautioned that actual results may differ materially
from the anticipated results.
For more information, please contact:

Orient Paper, Inc.
Winston Yen, CFO
Tel: +1-562-818-3817 (Los Angeles)
Email: info@orientalpapercorporation.com

CCG Investor Relations Inc.
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgirasia.com

SOURCE Orient Paper, Inc.

Orient Paper, Inc., Winston Yen, CFO, +1-562-818-3817 (Los Angeles),
info@orientalpapercorporation.com; CCG Investor Relations Inc., Mr. Crocker
Coulson, President, +1-646-213-1915 (New York), crocker.coulson@ccgir.com