IT TECH PACKAGING, INC. — Director's Dealing 2011

Feb 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Orient Paper Inc. (ONP)
CIK: 0001358190
Period of Report: 2011-02-24

Reporting Person: Yen Winston C (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-01	Common stock	A	5000	—	Acquired	5000	Direct
2011-02-24	Common stock	A	3750	—	Acquired	8750	Direct

Footnotes

F1: Effective May 1, 2009, the Company appointed Winston C. Yen (the "Reporting Person") as the Company's chief financial officer. As part of compensation for services, the Reporting Person shall receive up to an aggregate of 20,000 shares of common stock of the Company during the term of the agreement. The shares shall vest, and be issued, on a quarterly basis at the rate of 5,000 shares every three calendar months, with the first installment to vest on May 10, 2009. On a post reverse split basis, the number of shares issuable pursuant to the agreement is adjusted to 5,000.

F2: On February 24, 2011, the Company issued the Reporting Person 3,750 shares of common stock for his services rendered for the last three quarters of 2010.