ASIA PIONEER ENTERTAINMENT, LTD. (APE)

Business Plan Presentation

Date: June 2012

Table of Content

Introduction Electronic Gaming Market in Macau APE’s EGM Products APE’s Customer Accounts Financial Summary & Forecasts Strategic Plans Conclusion Appendix

Introduction

APE is engaged in the Electronic Gaming Machines (EGM) business in Macau.

Founded in 2004, APE is one of the most established EGM distributors in Macau.

Licensed by the Macau Gaming Board, APE is largest independent EGM distributor in Macau, selling and distributing EGM and related products to all of the licensed Gaming operators in Macau.

APE has exclusive representations with some of the largest EGM manufacturers in the world.

APE is the only independent distributor who provides full after sales and maintenance services in Macau.

The Management of APE is well respected for its knowledge of local preferences and technical developments in the EGM business.

APE is also licensed by CRA Singapore.

Electronic Gaming Market in Macau Macau is the largest gaming market in the world by revenue

Macau Gross Gaming Revenue growth from 2005 to present (in million MOP)

Data source: http://www.mgesa.org.mo/web/?action-viewnews-itemid-12176http://www.dsec.gov.mo/Statistic.aspx

This chart represents total gaming revenue including table and EGM revenues. EGM revenues generally represents 5% of total gaming revenue.

Electronic Gaming Market in Macau

Macau is the fastest growing gaming market in the world, and the gaming market for China.

Majority visitors to Macau are from China (until October 2011)

Data source: http://www.mgesa.org.mo/web/?action-viewnews-itemid-12176http://www.dsec.gov.mo/Statistic.aspx

Electronic Gaming Market in Macau

Macau’s EGM market is small compared to its table income

Data source: http://www.mgesa.org.mo/web/?action-viewnews-itemid-12176http://www.dsec.gov.mo/Statistic.aspx

EGMs revenue compared to table games from 2005 to present (in million MOP) (until September 2011)

For 2011, EGM revenue is approximately 4-6% of total gaming revenue. We expect EGM revenue will grow sharply

Electronic Gaming Market in Macau

Macau’s EGM market will continue to grow: both for new casinos openings and replacements.

One factor to support the growth of the EGM market is that the Macau government has announced that the number of betting table

will be limited below 5,500 tables for the next 3 years.

Another factor is the strong growth of the mass gaming market relative to the VIP market.

The demand for EGMs would sharply increase.

Electronic Gaming Market in Macau Number of new EGM is expected to be over 5,000 to 10,000 over

the next few years:

i). Steve Wynn, Chairman & CEO of Wynn Resorts, announced that Wynn Macau’s Cotai project could break ground in 2011 and will place 1,200-1,800 slot machines on the floor.

ii). Pansy Ho, Managing Director of MGM China Holdings, said in May this year that MGM China’s Cotai project application is in a very advanced stage and very promising from the Macau government.

iii). Venetian’s expanding project- Cotai sites 5 and 6 resorts are already under construction, and expected to open in the first quarter of 2013 with more than 1,000 slots machines will be placed on the floor.

Replacement and parts: At least 30% increase for both Suzo-Happ and parts replacement for the machines each year due to increase of the new machines and the depreciation of the old machines.

APE’s EGM Products

APE has exclusive representation for the following EGM manufacturer(s): Incredible Technology, Royce & Bach, Jumbo Technology, Suzo-Happ and THT.

APE has preferred distribution rights for the following EGM manufacturer(s): Konami

APE’s Customer Accounts

Customer Accounts No. of EGM

SJM 336

MELCO CROWN 127

APE’s Customer Accounts

Customer Accounts No. of EGM

SANDS GROUP 113

Galaxy 98

MGM 34

Future plans

Financial Summary

Financial Forecast

Strategic Plans – Fund-raising

APE management is seeking a strong, committed investor who would support APE’s strategic plans for the future.

Our strategic plans are as follow: 1) Continue to grow EGM distribution & service business in

Macau and S/E Asia. 2) Enter into EGM operator business in Macau and S/E Asia.

Strategic Plans – Fund-raising

APE will issue new shares to raise HK$ 25M to support the Macau site business.

- 100-150 EGMs in the Macau site.

Seeking an IPO in Hong Kong within the next 2 years.

Conclusion

APE is a profitable and established EGM company in Macau. There is no other independent distributor with the track record of APE.

The EGM market in Macau and South East Asia is expected to continue its strong growth for the foreseeable future.

APE has a well design strategic plan to significantly expand its business in the next few years. In addition to growing its EGM distribution and services business, APE has numerous opportunities to be a EGM operator in Macau & S/E Asia. These operator opportunities can bring substantial profits to APE and its shareholders.

A new investor has the opportunity to own a fast growing EGM company.

Appendix A: RGB Comparable

RGB International Bhd. ("RGB") is an investment holding company listed on the main market of Bursa Malaysia Securities Berhad (“Bursa Securities”). RGB alongside with its subsidiaries and associate companies ("the Group") primarily engaged in:

· Sales & marketing and manufacturing of electronic gaming machines & equipments

· Machines concession program and technical support management · Equity investment and management of boutique casinos, hotels

and clubs with gaming licenses

RGB has over 20 years of experience and expertise with operations spanning the Kingdom of Cambodia, Lao PDR, Vietnam, Singapore, Macau SAR, the Philippines and Japan.

Ref: RGB international official website

Appendix A: RGB Comparable

RGB EV/EBIDA Ratio (2007-2011)

Data source: Bloomburg

2011 2010 2009 2008 2007RGB EV/EBITDA Ratio

5.77 6.11 10.88 3.17 6.81

Average RGB EV/EBIDA ratio: 6.548.

Appendix B: APE Valuation using EV/EBITDA multiples

Appendix C: Macau Listed Company Comparables

EV/EBITDA(For the period ending 2011-12-31)

Galaxy Entertainment Group Ltd 32.94

SJM Holdings Ltd 10.21

Sands China Ltd 16.31

Wynn Macau Ltd 17

Data source: Bloomburg

Appendix D: Valuation using DCF

Thank you!

For further information, please contact Mr. Herman Ng at (853) 6682 2596.