Business News

Orient Paper, Inc. Appoints DLA Piper as Legal Counsel

Friday 04. January 2013 - Orient Paper, Inc. (NYSE MKT: ONP) ("Orient Paper" or the "Company"), a leading manufacturer and distributor of diversified paper products in northern China, today announced the Company has appointed DLA Piper LLP as its legal counsel, replacing Sichenzia Ross Friedman Ference LLP ("Sichenzia Ross"), effective as of January 1, 2013.

“Sichenzia Ross has served us well in the past four years, and we would like to thank them for their services and valuable contribution to the Company,” said Mr. Zhenyong Liu, Chairman and Chief Executive Officer of Orient Paper.
“As Orient Paper looks to expand and develop further as a Chinese business and US-listed corporation, we believe a truly global law firm like DLA Piper is a good partner who can understand and address our needs in the U.S. and Asia, and provide the Company with pragmatic and solution-oriented advice, while further strengthening our corporate governance.”
“We believe in the future prospects of the paper business in North China, spurred by the increasing urbanization of the region, and opportunities created by government-mandated closure of outdated and polluting paper mills. The Board and Management are committed to executing our business strategy as well as transforming Orient Paper organizationally to manage our future growth effectively, to improve our stock valuation and achieve long term shareholder value,” added Mr Liu.