New Dragon Asia Corp. (New Dragon) is engaged in the milling, sale and distribution of flour and related products, including instant noodles and soybean-derived products, to retail and wholesale customers throughout China. With a brand name called Long Feng, New Dragon markets its product line through a network of over 200 key distributors and 16 regional offices in 27 Chinese provinces. The Company has eight manufacturing plants in the People's Republic of China (PRC) with an aggregate annual production capacity of approximately 110,000 tons of flour and approximately 1.1 billion packets of instant noodles and 4,500 tons of soybean powder. New Dragon's product breakdown during the fiscal year ended December 25, 2007 (fiscal 2007), was approximately 55% for flour products, 28% for instant noodles and 17% for soybean products.
