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Orient Paper Announces Chairman's Share Purchase Plan

Press Release Source: Orient Paper, Inc. On Monday September 19, 2011, 8:00 am EDT

BAODING, China, Sept. 19, 2011 /PRNewswire-Asia/ -- Orient Paper, Inc. (AMEX:ONP - News) ("Orient Paper" or the "Company"), a leading manufacturer and distributor of diversified paper products in northern China, today announced that the Company's Chairman and Chief Executive Officer, Mr. Zhenyong Liu, intends to purchase up to $400,000 worth of the Company's common shares in open-market transactions during the next three months.

Mr. Liu commented, "I believe that Orient Paper's shares are significantly undervalued and represent a sound investment opportunity given recent trading prices. I strongly believe in the fundamentals of the Company's business and its future growth prospects. Therefore, I intend to purchase shares of our Company's common stock, which demonstrates my confidence in Orient Paper and reflects my commitment to increasing shareholder value."

The share purchases will be made in a manner consistent with Orient Paper's stock-trading policy and relevant securities laws.

http://finance.yahoo.com/news/Orient-Paper-Announces-prnews-2754539486.html?x=0&.v=1