AMEX : NWD

1. NEW DRAGON ASIA CORP. EFFICIENT COMPANY WITH WELL ESTABLISHED PRODUCT LINES AND STRONG BRAND RECOGNITION Instant Noodles • “Long Feng” – one of China’s most recognized brands • Production capacity of over1.1 billion units of instant noodles per year; total domestic instant noodle market represents 26 billion servings annually • Exporting to Europe, Asia and Africa • Wheat flour products are sold throughout China to both wholesale and retail customers • Aggregate production capacity of195,000 tonsof flourproducts per year • Growing position in flour Flour Products • Large orders for both Soybean milk and soybean protein powder • Production capacity of over4,500 tons of soybean products per year; the soybean market in China is approximately $15 billion • Strong growth; soybean products contributed 17% of 2007 revenue Soybean Powder AMEX : NWD SIGNIFICANT OPPORTUNITIES FOR CONSOLIDATION AND ORGANIC GROWTH • Capitalizing On China’s Rising Food Consumption And Leveraging High Quality Products To Export • China’s fourth largest instant noodle manufacturer – $5 billion market growing at approximately 10% per year • Major wheat and soybean flour manufacturer – demand growing at approximately 5% per year • Well established, highly efficient company with experienced management team • Leading brand and market position in northern and central China (pop.: 1 billion) • Pursuing consolidation opportunities as China privatizes state-owned food enterprises • Adding major industrial clients in China including Coca-Cola, KFC, Park n’ Shop • Plans for expanding exports to Asia and Europe to enhance growth www.newdragonasia.com

2. NEW DRAGON ASIA CORP. • Heng Jing Lu • Chairman • Li Xia Wang • Director • Ling Wang • Director • De Lin Yang • Director • Zhi Yong Jiang • Director • Qi Xue • Director • Feng Ju Chen • Director COMPANY STRATEGY • Capitalize on privatization of state-owned food enterprises • New government policy to privatize food industry • Acquire quality assets with synergistic potential • e.g. regional facilities and brands • Enter markets for complementary products • e.g. expansion into soybean powder • Leverage distribution, upgrade facilities, increase efficiency • Drive organic growth through marketing and distribution initiatives • Strengthen distribution network by adding new distributors and sales offices • Offer distribution channels to foreign corporations seeking sales outlets for consumer goods in China • Leverage brand name awareness, distribution strength and production capacity STRONG LEADERSHIP AMONG BOARD OF DIRECTORS AND KEY MANAGEMENT EXPERIENCED MANAGEMENT TEAM Li Xia Wang Chief Executive Officer and President Ling Wang Chief Accounting Officer and Vice President, Finance BOARD OF DIRECTORS CONTACT: Ling Wang Chief Accounting Officer and Vice President, FinanceNew Dragon Asia Corporation Phone: +86 535 895 1567 Email: lingwang@newdragonasia.com; Lf-lyz@163.com www.newdragonasia.com