Asia Packaging (TSX VENTURE:APX) ("the Company") announces the Company's Board
of Directors has established an independent committee to consider strategic
alternatives for the Company. The committee includes: George Dorin, independent
director and chairman of the committee and Michael Raymont, independent
director.


The Canadian management team have experienced difficulties in obtaining the
cooperation of Wenge Hong and Qilin Hong (the principal shareholders and
directors of the Company, who are also brothers) with respect to financing the
public company expenses. Based on recent communication, the independent
committee has come to the conclusion that there will not be funds made available
to satisfy the current obligations due to suppliers or to finance the ongoing
public company expenses. 


The Company confirms that as of June 30, 2013 the consolidated cash position was
$8.8 million and the operating businesses were profitable for the previous
quarter. However, this cash is held in bank accounts in China at the operating
company level, which are controlled by the principal shareholders. The Principal
Shareholders have provided limited funding to the Canadian public company bank
account, which currently has approximately $50,000. The funding provided to the
Canadian bank account has, to date, been in the form of personal advances to the
Company, recorded as related party loans in note 12 to the financial statements.
As at June 30, 2013 such related party loans from the Principal Shareholders
totalled $1.25 million. 


The independent committee together with management of the Company will be
working to fulfill the Company's obligations under Parts 4 and 5 of Regulation
51-102 respecting Continuous Disclosure Obligations and Regulation 52-109
respecting Certification of Disclosure in Issuers' Annual and Interim Filings. 


About Asia Packaging Group Inc.

Asia Packaging Group, through its wholly-owned subsidiaries in the People's
Republic of China ("PRC"), is in the business of manufacturing packaging
products and services to the food pharmaceutical and retail industries in China.
The Company operates a manufacturing plant in City, Jiangxi China where it
produces a variety of film and plastic packaging products. With the completion
of the acquisition of Yuanxing Packaging earlier this year, the Company has
added a bag manufacturing facility located in Fujian Province and sales offices
in Guangzhou and Shanghai. 


The forward-looking information contained in this news release represents the
expectations of the Company as of the date of this news release and,
accordingly, is subject to change after such date. Readers should not place
undue importance on forward-looking information and should not rely upon this
information as of any other date. While the Company may elect to, it does not
undertake to update this information at any particular time except as required
in accordance with applicable securities legislation.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
For Corporate Information:
Asia Packaging Group
Robert Wilson
Vice President
416-666-4005
robert.wilson@asiapackaging.ca
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