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        Wuhan Dong Feng Paper Company Limited Sino-Foreign Joint Venture
               Sino-Foreign Investment Important Meeting's Issues

Time:    April 19th, 1999 afternoon
Venue:   Wuhan City Tian An Holiday Inn Hotel
Present: Wuhan Dong Feng Paper Mill Company's (Chinese party) Secretary and
Head of Paper Mill,
Wuhan Dong Feng Paper Company Limited's Vice-President Tang Si Hung,
Orient Packaging Holdings Limited's Director Danny Wu,
Orient Packaging Holdings Limited's Director Lawrence Hon,
Orient Packaging Limited's (Foreign party) Operation Director and Wuhan Dong
Feng Paper Company Limited's Director Albert Cheng,
Wuhan Dong Feng Paper Company Limited's Senior Manager Tong Yi Seng

1.    The Foreign party informed the Chinese party that the restructuring of
      share rights and the transfer of management controlling rights were
      basically completed. The Chinese party showed their acceptance and will
      continue to support the Joint Venture. The Foreign party was appreciated
      and thankful for their support.

2.    Both parties cooperatively formed the Wuhan Dong Feng Paper Company
      Limited Joint Venture in 1997. Since then, both parties have been working
      together to create a suitable and profitable environment for the Joint
      Venture. Both parties hope the Joint Venture can continue to be successful
      which will offer the society and investors benefits.

      The Joint Venture is still at its sprout period. After the influence of
      two years of poor market conditions, the Wuhan City flooding in 1998 and
      other reasons, the operation and business plans of the Joint Venture
      cannot be smoothly carried out and executed.

      However, both parties are willing to work together to overcome the
      obstacles and move forward.

3.    Both parties agreed on the suggestion to improve the plant operation which
      Wuhan Dong Feng Paper Company Limited's Senior Manager Tong Yi Seng
      proposed. The proposal "Creating better conditions and promoting growth"
      of January 22, 1999 suggested some ways to cut cost and improve the
      operation.

4.    Both parties exchanged different opinions and ideas regarding the
      unreasonable operation cost and expense, receivable accounts and capital
      injection issues. The following resolution are made:

     a.   The Chinese party agreed to bear part of the 1998 production cost and
          operating expenses. The Chinese party further agreed to adjust and
          settle part of the receivables for the Joint Venture. These
          adjustments will be made on the 1998 year end financial statements.

     b.   The Chinese party agreed to adjust and paid for those unreasonable
          cost which are prolonged to 1999.

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     c.   Based on the Chinese party willingness to settle and paid for all the
          related cost and expenses mentioned, the Foreign party agreed to
          inject capital to the Joint Venture according to the production and
          operation need and the injection plan to ensure the Joint Venture will
          develop smoothly.

5.    Both parties agreed to hold regular meeting to discuss future development
      plans for the Joint Venture to ensure future success of the Joint Venture.