Orient Paper Announces Results of 2013 Annual Meeting of Shareholders
BAODING, China, Oct. 31, 2013
BAODING, China, Oct. 31, 2013 /PRNewswire/ -- Orient Paper, Inc. (NYSE MKT:
ONP) ("Orient Paper" or the "Company"), a leading manufacturer and distributor
of diversified paper products in North China, today announces the results of
the Company's 2013 Annual Meeting of Shareholders (the "Annual Meeting"),
which was held on October 31, 2013, in Beijing, China.
At the Annual Meeting, Orient Paper's shareholders approved the following
oElected directors Mr. Drew Bernstein and Mr. Chris Wenbing Wang as
directors in Class I to serve until the annual meeting of stockholders in
2015 and until their respective successors have been duly elected and
qualified or until his earlier resignation, removal or death.
oAppointment of BDO China Shu Lun Pan CPAs LLP as the Company's independent
registered public accounting firm for the fiscal year ending December 31,
About Orient Paper, Inc.
Orient Paper, Inc. ("Orient Paper") is a leading paper manufacturer in North
China. Using recycled paper as its primary raw material, Orient Paper produces
and distributes three types of paper products namely, packaging paper
(corrugating medium paper), offset printing paper, and other paper products,
including digital photo paper, and household/tissue paper that the company is
currently expanding into.
With production operations based in Baoding in North China's Hebei Province,
Orient Paper is located strategically close to the Beijing and Tianjin region,
home to a growing base of industrial and manufacturing activities and one of
the largest markets for paper products consumption in the country.
Orient Paper's production facilities are controlled and operated by its wholly
owned subsidiary Shengde Holdings, Inc., which in turn controls and operates
Baoding Shengde Paper Co., Ltd., and Hebei Baoding Orient Paper Milling Co.,
Ltd for manufacturing digital photo, printing and packaging paper.
Founded in 1996, ONP has been listed on the NYSE MKT Board since December
2009. (Please visit http://www.orientpaperinc.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,
future payments of quarterly dividends; anticipated revenues from the digital
photo paper business segment; the actions and initiatives of current and
potential competitors; the Company's ability to introduce new products; the
Company's ability to implement the planned capacity expansion of corrugate
medium paper; 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.
SOURCE Orient Paper, Inc.
Contact: Orient Paper, Inc., +1-562-818-3817, firstname.lastname@example.org; or
FleishmanHillard, +852-2530-0228, email@example.com
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