Orient Paper, Inc., a leading manufacturer and distributor of diversified paper products in North China, today announced that its independent registered public accounting firm included a going concern paragraph in its audit opinion relating to the Company's audited consolidated financial statements for the fiscal year ended December 31, 2014, which were included in the Company's Annual Report on Form 10-K that the Company filed on March 25, 2015 with the Securities and Exchange Commission.
This announcement is made pursuant to NYSE MKT LLC Company Guide Section 610(b), which requires a public announcement of the receipt of an audit opinion containing a going concern paragraph.
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 categories of paper products: corrugating medium paper, offset printing paper, and other paper products, including digital photo paper. The Company is currently building facilities to expand into the production of tissue paper.
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, corrugating medium and offset printing paper.
Founded in 1996, Orient Paper has been listed on the NYSE MKT with the ticker symbol "ONP" since December 2009. (Please visit http://www.orientpaperinc.com)
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Orient Paper, Inc.