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Orient Paper Announces Installation of Two New Energy Efficient Boilers and Provides Appraisal Update

Hebei, China Jan. 20, 2011 Hebei, China July 2010

Zhenyong Liu China

With the completion of the installation of the two new boilers, the Company also announced that the same independent third-party appraisal firm has been retained again to complete the production capacity checks and the formal, independent valuation appraisal on the operating production lines previously affected by the removal of the old boilers, including one production line of corrugating medium paper and two production lines of offset printing paper.  

About Orient Paper, Inc.

China June 2009 Hebei Province China Beijing

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, 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.

For more information, please contact:

CCG Investor Relations

Crocker Coulson, President

Tel: +1-646-213-1915

Email: [email protected]

Orient Paper

Winston Yen, Chief Financial Officer

Phone: +1-562-818-3817

Email: [email protected]

SOURCE Orient Paper, Inc.

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