1. TAEWON FOOD INDUSTRY CO.,LTD TAEWON FOOD INDUSTRY CO.,LTD

2. TAEWON FOOD ◈ ◈ CORPORATE PROFILE ◈ ◈ CORPORATE PROFILE

3. TAEWON FOOD TAEWON FOOD INDUSTRY CO,. LTD * Established in 1974, as the first industry in the SPICE & SEASONING business field in Korea * Dedicated itself to the development of Korea ’ s infant-leveled meat product industries by leading them to renovating and improving for mass production * Introduced to Korea Food Processing Machines for meat products, food additives, mixed seasoning and at the same time committed technology transferring * Cooperation with overseas leading food industrial companies to develop new technology via securing technical license ● ● CORPORATE PROFILE

4. TAEWON FOOD ● ● CORPORATE PROFILE Main Characteristics & Strong Points: * Satisfies customers ’ needs with consistent business lines: R&D, Production, Supply based on TAEWON ’ s know-how of developing Spices & Seasoning, Batters * Gains good corporate image & high ratio of customer ’ s satisfaction with high-qualified products * Number of Employees: 130 * High Awareness of Quality Assurance: ISO 9001, HACCP * 2012 Revenue: Recorded a turnover of approximately US$ 25 million * Ratio of Net Worth to Total Capital: Almost 100%

5. TAEWON FOOD ● ● CORPORATE PROFILE SUPPLIES to: Food Industrial Companies, Fast Food Chains via Whole Sale Businesses, Food Companies PRODUCT RANGE: Wide: Natural, Mixed Seasoning & Spices, Food Additives for Meat Products, Batters, Sauces

6. TAEWON FOOD ● ● BUSINESS LINES TAEWON PLANNING SEOUL OFFICE ANSAN R&D TRADE SALES GENERAL AFFAIRS ANSAN PLANT SEOUL R&D PRODUCTION TEAM - Ⅲ TEAM - Ⅱ TEAM - Ⅰ

7. TAEWON FOOD ● ● CUSTOMERS & MAJOR PRODUCTS · CUSTOMERS BIG & SMALL FOOD INDUSTRIAL COMPANIES, WHOLE SALE BUSINESS ☞ CHEILJEDANG, LOTTE, JINJU, HALIM, Fast Food Chains(Burger King & etc). · MAJOR PRODUCTS Ⅰ. SPICES & SPICE PRODUCTS - Whole/Powder/Oleoresin/Oil Type, Formulated Spices Ⅱ. FOOD ADDITIVES (Curing Compound/Phosphates/Flavors) Ⅲ. MIXED SEASONINGS & MARINADES - Sausage/Ham/Dried Jerky Seasoning - Roast Beef/Chicken/Cajun/Pork Marinades Ⅳ. BATTERS & BREADERS, PIZZA DOUGH & TOPPING Ⅴ. SAUCES, Dressings, Extracts · RECIPES : 2,500

8. TAEWON FOOD ◈ TAEWON ’ S R & D, Q.C R & D, Q.C ◈ TAEWON ’ S R & D, Q.C R & D, Q.C

9. TAEWON FOOD ♣ TAEWON Develops Products ♣ - MORE ADVANCEDLY, - MORE DIFFERENTLY, - MORE INSTANTLY. ● R&D MOTTO

10. TAEWON FOOD ● R & D LINES Section Ⅰ · Powder Products (Pizza Dough Blend & Topping Meat Seas. & etc.) Section Ⅱ · Sauces, Dresings, Extracts R & D Coating System · Seasonings, Marinades, Batters, Breaders Bakery Seas. · Biscuit, Snack R & D Q.C. Section SEOUL R&D ANSAN R&D

11. TAEWON FOOD ● CURRENT PROJECTS * Development of New Snack Seasonings - Introducing & Securing New Technology, Development of New Products * Securing Competitive Power in Pizza Dough, Batters & Breaders Markets - Fermentability, Improvement of Crispy & Flavor * Continuous Projects on Various Items of Sauces & Dressings Production Line Set-Up * Development of Extracts & Powder

12. TAEWON FOOD - Whole/Powder/Oleoresin/Oil Type/Formulated Spices Ⅰ. SPICES & SPICE PRODUCTS ● R&D AT PRESENT Ⅱ. FOOD ADDITIVES Ⅲ. MIXED SEASONINGS & MARINADES - Curing Compounds/Phosphates/Flavors - Sausage/Ham/Dried Jerky Seasoning/ Roast Beef/Chicken/Cajun/Pork Marinades

13. TAEWON FOOD Ⅳ. BATTERS & BREADERS, PIZZA DOUGH BLEND & TOPPING Ⅳ. BATTERS & BREADERS, PIZZA DOUGH BLEND & TOPPING ● R&D AT PRESENT Ⅴ. SAUCES/Q.C - Cutlet Batter & Breader/Dough Blend/ Pizza Sauce Mix for Chicken - Chicken, Pork Cutlet, Steak, Bulgogi, Barbecue Sauce

14. TAEWON FOOD Located in Ansan, outskirts of Seoul with the floorage of 7910 sp. Yds. Designed and operated for a product made to order Focus on customer specific products by performing small amount production system for a variety of products Constructs a consistent infra line of development- production-management to meet customer ’ s satisfaction on Taewon ’ s whole products. ● ANSAN PLANT

15. TAEWON FOOD ● ANSAN PLANT * Production Capacity: 50 tons/day Plans to build new plant in preparation for sur-capacity * Reserves a leap to fulfill quality assurance system for meeting customers ’ demand with the High Awareness of Quality Assurance :ISO 9001 won on July in 2000

16. TAEWON FOOD ● ISSUES To meet the goal, advanced, differentiated and quick development for new products and the expansion of product items are necessary. ◎ Increase home meal replacement due to the change of life style Rapid growing of Fast Food Market ◎ Growing demand of new generation Swiftly changing of customers ’ needs ◎ Growing demand for food taste something different and striking ◎ Competition for market share Stagnation of market due to pull-dog-pull-cat situation CUSTOMER/MARKET TREND ISSUES ◇ ADVANCEMENT OF PRODUCT DEVELOPMENT ◇ DIFFERENTIATION OF PRODUCT DEVELOPMENT ◇ QUICK DEVELPOMENT OF NEW PRODUCTS ◇ PRODUCTS OF MANY CHOICES

17. TAEWON FOOD ◈ BUSINESS ◈ BUSINESS OPPORTUNITIES OPPORTUNITIES & CHANCES & CHANCES ◈ BUSINESS ◈ BUSINESS OPPORTUNITIES OPPORTUNITIES & CHANCES & CHANCES

18. TAEWON FOOD PROCEED WITH NEW PROJECT FOCUS ON DEVELOPMENT CAPACITY FOCUS ON PRESENT BUSINESS AREA TAEWON IS ACTIVE IN FULFILLING ITS GOAL. BUSINESS MANAGEMENT STRATEGY ● BUSINESS MANAGEMENT STRATEGY

19. TAEWON FOOD Differentiated & advanced product development with new materials/materials/ processing technology Retaining synergy effect by expanding business area Construct inner infra system BUSINESS STRATEGY TASK PROCEED WITH NEW PROJECT FOCUS ON DEVELOPMENT CAPACITY REFEREN CES FOCUS ON PRESENT BUSINESS AREA ● TASK OPERATION ◇ Via Business Cooperation with Advanced Foreign Company,Introducing & Securing New Technology for Material Blending and Processing →Present & New Items of Products Ex) Snack seasoning ◇ Plant Construction, Focus on R&D Fortify Marketing/Sales Network ◇ Continuous Projects on Various New Items - Sauces - Seasoning Extracts, Extract Powders