1

Tianbao Holdings LimitedJuly,2013

Berlin/Frankfurt, Germany

2

Table of Contents

Investor Presentation Tianbao Holdings Limited 0. Disclaimer Pg.4

1. About us

1.1 Company Background Pg.5-9

1.2 Management Group Pg.10-13

1.3 Company Organization Pg.14

1.4 Mission & Vision Pg.15

1.5 Business Strategy Pg.16

2. Business Model

2.1 Business Overview Pg.17

2.2 Business Operations Pg.18

2.3 Business Projects Pg.19-23

2.4 Project Locations Pg.24

2.5 Business Outlook Pg.25

3

Table of ContentsInvestor Presentation Tianbao Holdings Limited 3. Target Groups & Markets

3.1 Target Group and Markets

4. Schedule

4.1 Timetable

5. Financial Data

5.1 Profit forecast

5.2 Project summary

6. Reasons to Invest

6.1 Investing in Tianbao Holdings Limited

6.2 Investing in China

7. Partners

8. Contact

Pg.26

Pg.27

Pg.28

Pg.29

Pg.30-32

Pg.33

Pg.34

Pg.35

0. Disclaimer

Cautionary Statement regarding forward-looking information

This document does not constitute an offering document. Potential investors or shareholders should not rely on the

information contained in this document before making an investment decision. Certain of the information contained in

this investor presentation may contain "forward looking information'. Forward-looking information and statements may

include, among others, statements regarding the future plans, costs, objectives or performance of Henan Tianbao

Real Estate Co. Ltd. (the “Company"), or the assumptions underlying any of the foregoing, in this presentation, words

such as 'may*, "would", "could", "will”, “likely", "believe", "expect", "anticipate” "intend", "plan", "estimate" and similar

wards and the negative form thereof are used to identify forward looking statements.

Forward-looking statements should not be read as guarantees of future performance or results, and will not

necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved.

Forward-looking statements and information are based on information available at the time and/or management's

good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions

and other unpredictable factors, many of which are beyond the Company's control. These risks, uncertainties

and assumptions include, but are not limited to, those described under "Risk Factors" in the Company's prospectus

and could cause actual events or results to differ materially from those projected in any-forward looking statements.

The Company does not intend, nor does the Company undertake any obligation, to update or revise any forward

- looking information or statements contained in this presentation to reflect subsequent information, events or

circumstances or otherwise, except if required by applicable laws.

4

1. About Us1.1 Company Overview

Henan Tianbao Real Estate Co. Ltd. was legally registered in Zhengzhou. Industrial and Commercial Bureau in Sep. 2005. The registered capital is ¥10,000,000 (EURO 1,158,296), and the corporate representative is Mr.Lian Haitao. The registered address is at 13Floor, International Development Building, NO.333,Yu Feng Road, Jinshui District, Zhengzhou City.

As opposed to a typical property developer in China, Tianbao Holdings is an economically affordable housing manufacturer. The idea has full support of both central and local governments. This gives us an excellent advantage over risk control as the projects will not be vulnerable to property market volatility.

5

1. About Us

1.1 Company: Location Advantages

Located in Zhengzhou, Henan Province

• The largest and poorest province in China with a population of approximately 100 million permanent inhabitants with a further 25 million transients.

6

1. About Us

1.1 Company: Location Advantages

• The Chinese Government ratified a five year plan in August 2011, authorizing the building of 11 million homes for the low income population, otherwise known as economic affordable housing, commencing in January 2012, and rising to 36 million homes being constructed in 2016. In 2012, 375,000 of those homes are to be built in Zhengzhou City, the capital of Henan province.

• The Government’s intention is not merely to provide housing, but also employment opportunities in that district as a general poverty easing policy.

7

1. About Us

1.1 Company Qualification

Tianbao Core Strengths:

Focus

Markets

Quality

The company’s business model is a more risk-averse and less speculative than the pure “property developer”.

The company works closely with the Chinese government in acquiring the land for new housing development.

Quality guarantees for customers and achieved technology leadership.

8

1. About Us1.1 Company Qualification

Tianbao Strength and Opportunities:

9

Strength

Strong professional and experience management team

Good development progress with relevant government departments

High industry entry barriers in the affordable housing business

Opportunities

Central government five-year plan since 2012 to build 10 million affordable houses

Zhengzhou city plan to build 375,000 each year for affordable houses

The Company had prepared deposit for a affordable houses

Steady continue demand for affordable houses in Zhengzhou

Government urbanization policy

Huge population in Zhengzhou

9

1. About Us

1.2 Management Group

Mr. Caesar Lian

Chairman of the Board & CEO

Mr. Lian obtained an MBA from Zhengzhou University. He ran and managed sales teams and developed unique marketing techniques. As a general manager of Taichi Real Estate Limited, Mr. Lian lead the development of the company since 2003.

Mr. Lian has been awarded the following :2001 "Ten remarkable young men" in Henan Province2004 "Outstanding Entrepreneur in Henan province"2007 "Outstanding Entrepreneur in Zhengzhou city"2009 "Excellent Entrepreneur of Zhongyuan district"

10

1. About Us

1.2 Management Group

Ms. Ruyin Zhang

Deputy General Manager

Ms. Zhang obtained a Bachelors Degree in Enterprise Management. Over the years of her career in various businesses, Ms. Zhang has developed exceptional management experience and operational skills.

She is now responsible for daily administrative, project and resource managements for the Company and its wholly-owned subsidiary Henan Tianbao.

11

1. About Us

1.2 Management Group

Mr. Hongda Ma

Deputy General Manager - Engineering

Mr. Ma works as the chief engineer in infrastructure department in Zhengzhou Construction Machinery and equipment Factory from 1987.

He was Vice-president in Henan Yitong real estate co., Ltd. Since 2010, he joined Tianbao Holdings Limited as engineering Vice-president.

12

1. About Us

1.2 Management Group

Mr. Yinchao Hu

CFO

Mr. Hu has a Bachelors degree in Financial Accounting. Mr. Hu subsequently joined an industrial company in Zhengzhou as CFO.

From 1997 to 2009, he was the deputy director in one of the largest accounting firms in Zhengzhou, specialized in Chinese and international auditing, mergers and acquisitions and taxation.

13

14

Chief Executive Officer

Dep

artmen

t of D

evelopm

ent

Deputy General Manager - Engineering

Chairman

Deputy General Manager Counsel

Dep

artmen

t of E

ngin

eering

Dep

artmen

t of T

echn

ology

Dep

artmen

t of Q

uality con

trol

Ad

min

istrative O

ffice

Dep

artmen

t ofS

ales & M

arketin

g

Fin

ancial O

ffice

Dep

artmen

t of L

egal

Office of

Investm

ent &

Fin

ancin

g

Chief Financial Officer

1. About us

1.3 Company Organization

Tianbao has 62 employees, which include 2 architects, 3 engineers, 1 economist and 2 accountants. 95% employees have the college degree or above.

Board of Directors

1. About Us

1.4 Mission & Vision

Mission

Building common homelands for low –income citizens .

Vision

To support the general poverty easing policy of China government by manufacturing reasonable quality accommodation mainly for low-income labor class and creating job opportunities at the same time.

15

1. About Us

1.5 Business Strategy

1. Aim majority market of the labor class

2. Align with Central Government long term policy

3. Mitigate price risk of China property market

4. Obtain significant support from local Government

16

2. Business Model

2.1 Business Overview

To align with the Chinese central government’s long term poverty easing policy to obtain support from provincial government.

To develop economically affordable housing which is less speculative business model than the typical “property developer”.

To build for Henan Provence’s poor and labor class residents and low-income transients, which is consider to be a high demand market.

17

2. Business Model

2.2 Business Operations

To acquire a piece of land

To submit the detail plans that comprise information for both the construction and

the infrastructure details of the project to provincial government for approval and

obtain development licenses and relevant documents.

The construction contractors would be preapproved by the government and the

government would compensate the contractor with material price difference so that

Tianbao could enjoy a steady construction cost (materials cost limited to a 10%

price fluctuation only) .

Since the construction costs are stable, certain profit margins can be ensured from

the project.

18

2. Business Model

2.3 Business Projects

Xinglong Pu

The projected pretax profit for phase 1 is 1.07b RMB ( EURO 136.2m ). In addition the company will be the beneficiary of land which it will receive in the form of a grant with a current value of 1.3 b RMB (EURO 163m) when phase four development is completed.

The company will have accumulated sufficient cash flow by the end of phase 1  to be able to develop phase 2 thru 4 and generating a cumulative profit  of  2.21b RMB (EURO 276m ) pretax on the four phases.

19

2. Business Model2.3 Business Projects

Xinglong Pu

Xing Long Pu project consist of total land area of 270,000 square meters. Whole project divided into 4 phases.

Xing Long Pu Development Plan Summary

No. Terms Phase 1 Phase 2 Phase 3 Phase 4 Total

1 Land Area (㎡ ) 71,000 68,400 72,500 58,099 270,000

2 Construction Ratio (%) 4.72 4.58 4.76 4.61 　

3 Construction Area (㎡ ) 335,095 312,978 344,941 342,941 1,335,955

4 Incl: Residential Area(㎡ ) 294,300 286,378 320,941 268,184 1,169,803

5 Commercial Area (㎡ ) 5,000 23,000 32,000 -　 60,000

6 School Area (㎡ ) 18,000 10,000 2,000 -　　 30,000

7 Public Area (㎡ ) 765 600 -　　　 -　　 1,365

8 Total number of Flats 3,698 3,366 4,110 3,148 14,322

9 Parking Spaces 1,500 1,250 1,500 750 5,000

20

2. Business Model

2.3 Business Projects

Zhongyuan West Road

The project is located on a junction of two major roads cutting across Zhengzhou City.The project has a land area of 2.84 acres (11,473.91 m2). Two tower blocks and a shopping mall will be built and completed on or before December 2014. The first being a 26 story office block comprising of 12,800 m2 of office space. A second tower has been designated to house a four-star hotel with 280 rooms, banqueting rooms and conference facilities. The hotel will have to be operated by an acceptable operating company. The shopping mall has a letter of intent from a triple A tenant to lease the whole area with 20% below market. The properties upon completion as estimated by the company will be worth at least EURO 48 Million.

21

2. Business Model

2.3 Business Projects

Jinshui District

This project in Jinshui District, Wangzhuang Village. It is located at the central business district of the city.

The project has a land area of 11.81 acres, which gives a construction area of 301,434m2.

The estimated sales proceeds is RMB 2.26b (EURO 285m) of which RMB 754m (EURO 94m) is profit. The project will built 3,349 residential units.

22

2. Business Model

2.3 Business Projects

Xushui County

The project is located at the junction of Zhengshang Road and Kaixuan Road, which is the way to ancient capital Luoyang city.

This project would have a construction space of 533,360 m2 from the 32.95 acres of land.

The estimated sales proceed is expected to be RMB 1.87b (EURO 235m) with a profit of RMB 531m (EURO 67m).

The project has a plan to build 5,926 residential units.

23

AC

D

B

2. Business Model

2.4 Project Locations

A= Xing Long Pu B= Zhong Yuan West RoadC= Jin Shui District D= Xu Shui County

24

2. Business Model

2.5 Business Outlook

Xing Long Pu Project phase 1, Tianbao will build 12 apartment blocks of

residential units as well as 5,000 sq meters of retail space and 1,500 parking

spaces.

25

3. Target Group & Markets

3.1 Target Group and Markets

The Target group aimed by the company are those transient, poor and low-income labor class families and as well as pre-marriage young generation groups.

Since the demand for affordable houses cannot be satisfied in view of the rapid growth in Zhengzhou’s population. For the next five years the market of affordable houses will assume substantial growth .

2626

4. Schedule

4.1 Timetable

The Zhongyuan Westroad project will start at August 2013 and finished on or before March 2015. There will be a shopping mall, hotel and commercial office tower.

The Jinshui District project will start at April 2015 and will be finished at Dec 2016. There will be a total of 15 buildings with 3,349 apartments.

The Xushui County project will commence construction Nov 2016 and will be finished at Sep 2019. There will be a total of 39 buildings with 5,926 apartments.

At the same time, Tianbao would acquire more lands to develop new projects.

27

5. Financial Data

5.1 Financial Statements

(Calculated based on exchange rate of 7.96 RMB to 1 EURO)

* Awaiting for capital injection and the proceeding of documentations with government.

28

Years Ended 31 March 2011, 2012 and 2013(Stated in Million of EURO)

2011 2012 2013

Gross Revenue47 - * 10

Total Costs22 - 1

EBITDA25 (0.6) 9

Net Earnings18 0.2 10

Issued Shares25 25 25

Earnings Per Share0.72 0.008 0.36

Net Asset Value 20 20 29

5. Financial Data

5.2 Profit forecast

(Calculated based on exchange rate of 7.96 RMB to 1 EURO)

29

Years Ended 31 March 2015 to 31 March 2019(Stated in Million of EURO)

2015 2016 2017 2018 2019

Gross Revenue 181 174 313 363 506

Total Costs 68 107 177 207 354

EBITDA 113 67 136 157 152

Net Earnings 60 75 102 118 114

Issued Shares25 25 25 25 25

Earnings Per Share2.4 3.0 4.08 4.72 4.56

Net Asset Value 114 164 267 385 499

5. Financial Data

5.3 Project summary

Project Total construction areas in sq. meter

Sales proceed (EURO m)

Total units

Xinglongpu phrase I *316,329 176 3,698

Xinglongpu phrase II *302,378 222 3,366

Xinglongpu phrase III *342,941 272 4,110

Xinglongpu phrase IV *268,184 156 3,148

Xushui Town phrase I 240,012 148 2,667

Xushui Town phrase II 293,348 172 3,259

Jinshui Area Wangzhuang Village 301,434 299 3,349

Total 2,380,955 2,961 23,597

* Including 60,000 square meters rental shop area and 5,000 car park units

30

6. Reasons to invest

6.1 Investing in Tianbao Holdings Limited

The company is focused on economically affordable housing;

Steadily growing demand;

In Zhengzhou, there are at least one million people who fall into the low income population, living in squalid conditions, and who are in need of homes;

The GDP target of 12th Five-Year Plan in Henan province plans to be double;

In the next ten years there will be a marriage boom causing housing demand to sharply rise;

Henan Province announced a new policy – people purchasing first apartment may get up to 30% discount on interest rates.

31

6. Reasons to invest

6.1 Investing in Tianbao Holdings Limited

“The government is pushing in two directions as it seeks to slow price growth while avoiding a collapse. It’s lowering borrowing costs for first-time homebuyers to encourage purchases while Central Government keeps curbs in place to stem the speculators who have helped drive home prices up by as much as 140 percent since 1998. China’s 18 percent first-quarter drop in home sales contributed to the slowest economic growth in almost three years.

The benchmark rate for mortgages in China is the five-year lending rate set by the People’s Bank of China, currently 7.05 percent.”

(By Bloomberg News April 26, 2012 )

32

6. Reasons to invest

6.1 Investing in Tianbao Holdings Limited

“China Steps Up Support for Some Home Buyers. The government has encouraged banks to offer lower mortgage rates for first-time home buyers, called on developers to increase construction of smaller and cheaper apartments, and provincial governments to loosen property restrictions at the local level.

In addition to these sector-specific measures, it has also eased monetary policy aggressively—the People’s Bank of China cut interest rate last week, its first such move since December 2008—and required banks to deposit less cash as reserves with the Central Bank.”

( By The Wall Street Journal June 15-17, 2012 )

33

6. Reasons to invest

6.2 China eyes more affordable housing next year 2012-12-25 07:39:28 GMT2012-12-25 15:39:28(Beijing Time) SINA.com

China will continue to build millions of affordable housing units and stick to control measures on the property sector next year, the minister of housing and urban-rural development said Tuesday.The country plans to start construction on 6 million affordable housing units and complete the construction of 4.6 million units in 2013, Jiang Weixin, the minister, told a national work conference here.He also urged "unswervingly" carrying forward with property controls.Differentiated credit and tax policies and purchase restrictions in the sector should continue in order to curb speculative and investment demand on the housing market, Jiang said.The remarks came as Chinese real estate developers' share prices surged on Tuesday over anticipation that strong housing demand will be generated by the country's urbanization process.Urbanization is considered as a main driver for domestic demand and will be actively and steadily pushed forward in 2013, according to a statement issued after the central economic work conference earlier this month, which set the tone for policymaking next year.

34

6. Reasons to invest

6.3 Investing in China

China's economy can still maintain a rapid growth rate over next decade;

Over the next ten years, steady appreciation of RMB appears to be a trend which will benefit foreign investors.

35

7. Partners

Stock Exchange : Berlin Stock Exchange, Frankfurt Stock Exchange

Market Maker: Renell AG

Clearing: Clearstream

Auditors: Gregory Scott International CPA

Bankers: HSBC (HK)

Press Releases: IR World Press Finanzkommunikation GmbH

36

8. Listed European Exchanges

37

Frankfurt Stock Exchange

Currency: EuroTicker: 3TBCode Number: A1JGC2ISIN: BMG887252085

Berlin Stock Exchange

Currency: EuroTicker: 3TBCode Number: A1JGC2 ISIN: BMG887252085

9. Contact

Tianbao Holdings Limited

Address: 13Floor, International Development Building, NO.333, Yu Feng Road, Jinshui District, Zhengzhou City, China

Post Code : 454000

Website : http://www.tianbaoholdings.com

Email: tianbaoholdings@gmail.com

Tel : 0086-371-86021713

Fax : 0086-371-86163673

38