IT TECH PACKAGING, INC. — Director's Dealing 2009

Sep 1, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Orient Paper Inc. (OPAI)
CIK: 0001358190
Period of Report: 2009-08-31

Reporting Person: LIU ZHENYONG (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-31	Common Stock	J	4817362	$0.83	Acquired	20463405	Direct

Footnotes

F1: On August 31, 2009, Orient Paper, Inc. (the "Company"), the Company's Chief Executive Officer, Zhenyong Liu ("the Reporting
Person") and the Company's subsidiary, Hebei Baoding Orient Paper Milling Company Limited ("HBOP") entered into a Debt
Assignment and Assumption Agreement (the "Agreement"). Pursuant to the Agreement, the Company agreed to assume $4,000,000 of
the total aggregate debt of approximately $6,131,761 (the "Debt") owed by HBOP to the Reporting Person to henceforth be the
principal debtor to the Reporting Person for the Debt.

F2: On August 31, 2009, the Company repaid the Debt to the Reporting Person by converting the Debt into equity of the Company at
$0.83033 per share. Accordingly, the Company issued to the Reporting Person a total of 4,817,362 restricted shares of common
stock of the Company.