ITP

Business Context and Reporting Period

This Form 8-K was filed by Orient Paper, Inc. on March 5, 2013. The filing addresses Item 8.01 (Other Events) to provide stockholders with information regarding the tax characteristics of quarterly dividends paid in 2012. Note: The request metadata lists "IT TECH PACKAGING, INC.", but the filing text explicitly identifies the registrant as "Orient Paper, Inc."

Key Financial Metrics

The filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data provided relates to dividend distributions:

• Dividend Amount: $0.0125 per share of common stock.
• Payment Dates: July 2, 2012; October 1, 2012; and December 21, 2012.

Material Changes

The filing does not disclose material changes in financial performance or operations compared to prior periods. It solely clarifies the tax treatment of previously paid dividends.

Guidance, Outlook, and Tax Commentary

Tax Treatment of 2012 Quarterly Dividends:

• The Company estimates that none of the 2012 Quarterly Dividends are taxable dividends for U.S. income tax purposes.
• Instead, each distribution is treated as a reduction in the stock basis of each share.
• If the tax basis in a share is reduced to zero, any excess cash distribution should be recognized as a capital gain.

Documentation and Disclaimer:

• IRS Form 8937 for the 2012 Quarterly Dividend is attached as Exhibit 99.1 and posted on the Company's Investor Relations website.
• The Company explicitly states it does not provide tax advice and recommends stockholders consult their own tax advisors.

Investor Verification Checklist

• Verify the correct registrant name is Orient Paper, Inc., not IT Tech Packaging, Inc.
• Confirm the tax basis of your specific share holdings to determine if the $0.0125 per share reduction results in a capital gain.
• Review the attached IRS Form 8937 (Exhibit 99.1) for detailed tax reporting instructions.
• Consult a qualified tax advisor regarding the specific treatment of these distributions for your individual tax situation.