BAODING, China, Dec. 11, 2017 /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 announced the
results of the Company's 2017 Annual Meeting of Stockholders (the
"Annual Meeting"). The meeting, which was originally scheduled for
September 25, 2017 and was postponed
in order to meet quorum requirements, took place at the Company's
Wei County Production Base in Wei County, Hebei Province, China. at 10:00
a.m., Beijing Time, on Friday,
December 8, 2017.
At the Annual Meeting, Orient Paper's stockholders:
1. Elected two Class I directors, Mr. Marco Ku Hon Wai and Mr. Wenbing Christopher Wang, to serve on the Board
of Directors of the Company until the 2019 Annual Meeting of
Stockholders and until their respective successors have been duly
elected and qualified or until their earlier resignation, removal
or death;
2. Conducted an advisory vote on the compensation of the
Company's executive officers who are named in the Summary
Compensation Table of the Company's 2017 Proxy Statement, and
approved such compensation;
3. Conducted an advisory vote on the frequency of future
advisory votes on the compensation of the Company's executive
officers, and approved that option that executive compensation
votes be conducted every three (3) years;
4. Ratified the 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,
2017.
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 (with the exception of
its tissue paper products), Orient Paper produces and distributes
three categories of paper products: corrugating medium paper,
offset printing paper and tissue paper products.
With production based in Baoding and Xingtai 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.
Founded in 1996, Orient Paper has been listed on the NYSE MKT
under the ticker symbol "ONP" since December
2009. For more information about the Company, please visit
http://www.orientpaperinc.com.
Safe Harbor Statements
This press release may contain forward-looking statements.
These forward-looking statements involve inherent risks and
uncertainties that could cause actual results to differ materially
from those projected or anticipated, including risks outlined in
the Company's public filings with the SEC, including the Company's
latest annual report on Form 10-K. All information provided in this
press release speaks as of the date hereof. Except as otherwise
required by law, the Company undertakes no obligation to update or
revise its forward-looking statements.
For more information, please contact:
Company Contact:
Orient Paper, Inc.
Email: ir@orientpaperinc.com
Investor Relations:
Tony Tian,
CFA
Weitian Group LLC
Email: tony.tian@weitian-ir.com
Phone: +1-732-910-9692
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SOURCE Orient Paper, Inc.