Liuyang Fireworks Limited is a leading China-based manufacturer of fireworks that are distributed domestically and in more than 15 countries in North America, South America and Europe. The Company trades on the TSX Venture Exchange under the symbol "FWK".

1. Liuyang Fireworks Annual General Meeting June 22, 2010

3. 2009 in Review

4. 2009 Financial Results $M CDN Revenue EBITDA Adjusted Net Income $M CDN $M CDN 2009 - First as a public company $8.4 $8.8 $1.7 $1.8 $1.6 $13.4 $1.6 $1.3 $1.3 0 2 4 6 8 10 12 14 16 2007 2008 2009

7. Recent Highlights

8. Q1 2010 Financial Results Revenue Adjusted Net Income $K CDN $M CDN Results impacted by 20% appreciation of $CDN and Stock Compensation Charges of $135,000. $2.5 $2.6 $399 $267

10. Growth Strategy

11. Growth Strategy Liuyang Fireworks Current Liuyang Fireworks Target International sales Domestic sales 50% 5% 95% 50%

12. Chinese fireworks industry supply chain How Liuyang Operates - Today Manufacturer Display company consumer Wholesaler Retailer Display company Liuyang’s Origins Operations launched in March 2010

13. Chinese fireworks industry supply chain How Liuyang Operates - Tomorrow Manufacturer Display company consumer Wholesaler Retailer Display company Liuyang’s Origins Operations launched in March 2010 Acquisition Focus

14. Municipal license required to wholesale fireworks Limit of 2-3 licenses per municipality > 3,000 municipalities Fragmented Wholesaler Market

15. Expand into Wholesale Market Guangdong Region Shanghai Region Northeast Region Strategically target key regions with highest growth opportunities Acquire controlling position of dominant wholesaler Each acquisition should generate $1M to $10M in incremental sales

16. Proposed Acquisition Timeline Jan. 2010 3 wholesalers Dec. 2010 Sept. 2011 Dec. 2012 7 wholesalers TBD (targets already identified)

18. Questions

19. Contact Jacky Long Chief Financial Officer Liuyang Fireworks Limited Tel : 416-613-0208 ext 206 [email_address] www.liuyangfwk.com For more information, please contact: