[CHINA PACKAGING GROUP INC. CODE OF ETHICS I. Objectives Company China Packaging Group Inc. and its subsidiaries (together, the “ Code Covered Persons This Code of Ethics (“ honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; Commission compliance with applicable governmental laws, rules and regulations; the prompt internal] [China Packaging Group Inc. tdl@sdgroup.com China Packaging Group Inc. Announces Appointment of Independent Directors and Appointment of PricewaterhouseCoopers LLP as Independent Registered Public Accounting Firm for 2011 HANGZHOUZHOU, CHINA, November 1, 2010 – China Packaging Group Inc. (OTCBB: CPAK.OB), a leading Chinese paper packaging manufacturer, today announced that the Company appointed three independent members to its Board of Directors. The] [] [CHINA PACKAGING GROUP INC. AUDIT COMMITTEE CHARTER The Purpose of the Audit Committee The Audit Committee members are not professional accountants or auditors and their functions are not intended to duplicate or to certify the activities of management and the independent auditor. Consequently, it is not the duty of the Audit Committee to conduct audits or to determine that the] [CHINA PACKAGING GROUP INC. COMPENSATION COMMITTEE CHARTER The Purpose of the Compensation Committee The purpose of the Compensation Committee of China Packaging Group Inc. (the “Company”) is to discharge the responsibilities of the Company’s Board of Directors relating to compensation of the Company’s executives, to produce an annual report on executive compensation for inclusion in the Company’s proxy statement, and] [CHINA PACKAGING GROUP INC. GOVERNANCE AND NOMINATING COMMITTEE CHARTER The Purpose of the Governance and Nominating Committee The purpose of the Governance and Nominating Committee of China Packaging Group Inc. (the “Company”), is to determine the slate of director nominees for election to the Company’s Board of Directors, to identify and recommend candidates to fill vacancies occurring between annual stockholder]