Pre-Listing investments of $2M to $10M at 3x to 7x forward earningsPre-Listing investments of $2M to $10M at 3x to 7x forward earnings

Month5

10

20

30

Pre-listing Investments

6-12 months before public listing

PIPE Investments

Public Listing

0 6 12

List in NYSE/NASDAQ

Exit

Private to Public EquityValuation Arbitrage

FUQI INTERNATIONAL Fuqi grew from $100,000,000 to $500,000,000 in 2 years. June of ’07, Fuqi completed an IPO on NASDAQ in October of ’07. 2009 revenues over $500mm and $36 mm net income. Share holders received liquidity October, 2007.

GOLD DRAGON TRAVEL$2,200,000 COMPLETED Oct. 2009 at $2.00 per share at post investment valuation of $30,000,000- approximately 2.7 times 2010 Earnings. Company expected to go public in Q4 2010 or Q1 2011.

TRUNKBOWTransaction closed January 29th at $5M+ - Form 10 was approved August 3rd 2010, expected to be listed in the fall of 2010. Trunkbow is a leading mobile pay technology for telecom service providers in the People’s Republic of China.

BOAI PHARMA.GFC raised $10mm+ at pre-money valuation of 4.5x 2010 projected earnings.

Incredible onsite tour conducted August 2010. Company expected to be listed Q4 2010/Q1 2011.

New Manufacturing Site, 800 acres purchased and building has commenced with completion 2012.

Opportunity

Private placement of $5 Million

at $3.68 per share.

Pre-money valuation of $51,000,000.

Investing at 6x’s December 31st 2010 earnings.

Conservative 2010 – 2012 earnings forecast.

Make good provisions.

CJAN should be listing and trading by Q1/Q2 of 2011.

COMPANY FORECAST ($ MILLIONS)

  2009 2010 2011 2012Revenues $59.3 $80 $110 $148Net Income $6.5 $8.8 $12.3 $17

Conservative 2010 – 2012 earnings based.

Ticker Close Price 10/08/10 Market Cap (Mil) PE Multiple

Wonder Auto WATG $8.23 $280 10.42

China Auto CAAS $17.96 $486 17.50

SORL Auto SORL $9.13 $179 11.50

  Average 13.15

*From Closing of Private Placement to Listing

FUQI International |___________________________| 5 Months

May 2007 Oct 2007

Golden Dragon Travel Services __________________|___________| 12 Months*

Oct 2009 Q4 2010

TrunkBow __________________|____________________| 9 months*

Feb 2010 Form 10 approved Q3 2010

China BOAI ____________|_________|______________|____________| 6-9 Months*

Pharmaceuticals June 2010 Form 10 Registration statement Listing Q1 2011

CJAN Shock ____________|_______|__________|_____________|___________| 6-9 Months*

Oct 2010 Form 10 Registration statement Listing Q1 / Q2 2011