CONTENTS

Abstract

Overview

Circumstance 1. Private Equity Market 2. Private Company 3. Investment Firm

Services 1. Partial Listing Services 2. Investment Services

Market Strategy & Goal

Team Member and Advisor

01.

02.

03.

04.

05.

06.

QUEENBEE COMPANY is an advisory company based in Singapore and has a

branch office in South Korea. QUEENBEE aims to solve the problem of the private

market and expand the market through digitalization of assets with various partners.

Although the financing market for private companies in the world is growing, market

participants in Korea are facing many difficulties. Non-listed companies, which are

important participants, are experiencing difficulties in financing, and investment

companies (or parties) that make investments are struggling to secure unlisted

companies with strong growth potential.

QUEENBEE COMPANY provides “Partial Listing Service” to private companies and “

Investment Advisory Service” to investment companies (or subsidiaries) to solve

and grow these conflicts in the market. Through this, we will develop the market

more transparently and fairly.

01. Abstract

01

Globally, the financing market for privately held companies is growing.

The size of the domestic market is about 9.37 trillion won, and there are platforms that allow

more convenient use of financing, but they have not been activated. Representatively, the size of

the company's financing through K-OTC operated by the Financial Investment Association is

2.8% of the total scale. This is a platform for trading unlisted stocks, but the platform or system

for private companies and investors, which are key players in the market, has not grown.

Unlisted companies are currently facing difficulties in selecting an investor in financing for the

company's liquidity supply, uncertainty in funding, financial handling problems when financing,

and attracting additional investment. In addition, as various industries develop rapidly, investment

companies (or subsidiaries) have considerations in investing, such as understanding of the

industry, uncertainty about the information of non-listed companies, and return on investment.

QUEENBEE COMPANY provides services to solve these problems.

It provides “Partial Listing Service” to non-listed companies that want to raise funds to attract

rapid investment from proven global investment institutions, and can expect to enter the global

market through such investment institutions. The partial listing of the company's stock provides

opportunities for management protection and subsequent investment. In addition, all data

required for the service is recorded and uploaded to the blockchain (distributed ledger) within

HIVE SYSTEM and is continuously managed.

Investment companies that want to invest in unlisted companies can receive support for a new

investment method called “Investment Advisory Service” that did not exist in Korea until now.

You can invest in unlisted companies with global investment institutions and you can recover

liquid investments. Through HIVE SYSTEM, you will receive accurate and transparent data from

private companies.

02. Overview

02

North America Europe

Asia Rest of World

The global private equity market continues to grow

Fundraising is about 600 trillion won and YoY is 3.3%. The size of the North American market including the US is

about 380 trillion won (63.3%), and the Asian market is about 102 trillion won (17.0%). The market size of Korea is

about 9.4 trillion won (1.56%). In North America, after the 2008 Subprime Mortgage Crisis, the amount of invest-

ment by investment institutions and investors increased every year, reaching ATH (All Time High) in 2019, with a

CAGR of 14.8% in 2014-2019. Korea’s 2014-2019 CAGR is a whopping 30%. This can confirm that it is growing

more rapidly than the global market.

1. PRIVATE EQUITY MARKET

03. Circumstance

Asia south korea

source : Mckinset&company, Global privat markets review 2020국세청, 5-2-. 주식 양도소득세 확정신고 현황 2014~202003

Global Private Equity Market

Asia Private Equity Market

North American PE fundraising

Fundraising Ratio for Private Security

Ratio between OTC market and K-OTC

North American

14.8% 30.0%

South Korean2014-2019CAGR, %

400

350

300

250

200

150

100

50

0

2014 2015 2016 2017 2018 2019

In the Republic of Korea, the country supports the platform in order to raise funds for unlisted companies. Repre-

sentatively, the K-OTC of the Financial Investment Association is operated, and through the K-OTC platform,

unlisted companies can register and raise funds under lighter conditions than the securities market. As of 2019, the

amount of financing for unlisted companies through K-OTC is about 265 billion won. This is about 2.8% of the

amount of financing through the over-the-counter (OTC) of Korea. The platform lacks investment reference

materials (company analysis report, audit report, etc.), and the amount of funding is significantly low.

03. Circumstance

South Korean PE fundraising

1000

500

800

700

600

500

400

300

200

100

0

2014 2015 2016 2017 2018 2019

OTC 9.1 Trillion(97.2%)

K-OTC265 Billion

(2.8%)

Source: Financial Investment Association, 2020 K-OTC Market Trend 04

Problems for each participant based on existing platform

DifficultFinancing

Unlisted Corp. Investment Entity

Risk ofInvestment inPrivate Corp

Lack of Activeness in Existing Platform & Lack of Platform

Currently, the trading environment of the OTC market is very narrow and there are inherent problems. Non-listed

companies are having difficulty finding investment entities (angel, VC, private equity, etc.) that are suitable for the

company's growth stage (Series). In addition, investing entities also need a lot of time to proceed with investments,

such as checking the accuracy or transparency of corporate information (valuation, financial statements, transac-

tions of unlisted stocks, etc.) necessary for securing a sound unlisted company that can generate profits and

investment. .

03. Circumstance

05

In starting and operating a company, financing is one of the essential items.

It can be obtained internally or externally as a way of raising funds. In general, there is a limit to company's growth

through internal funds and by attracting investment from the outside the company can generates sales and

scale-up another level.

There are several considerations for the company to proceed with this investment attraction. In order to attract

investment, the company must confirm the subject of the investment company (angel, VC, PE, etc.), and the

soundness of the funds and investment attraction method.

How to find an investment company?

How to search for investment companies and investors?

Is it an attractive market? Is there any potential for growth? (market development potential)

Is the company's present value (pre-value) appropriate? (Information asymmetry)

How will you invest? Exit strategy, how?

2. PRIVATE COMPANY

“Finance has been expanded and developed from the past simple credit and receiving behavior to the current

financial engineering. Asset Tokenization through blockchain is also progressing as a new paradigm in the financial

industry. In particular, the digitalization of stocks is expected to achieve a financial revolution by solving the chronic

problems between companies and investors.”

-Dongsoo Lee Partner, Yekyo Intelligence Accounting Firm

In the case of INVESTMENT FIRM (investment company), the investment risk differs depending on the growth

stage of the company to invest in. A privately held company at an early stage may have a higher ROI or return on

investment, but the risk of investment may also be higher compared to subsequent investments.

In order to invest in unlisted companies in common, an understanding of the industry in which the company intends

to invest is required.Invest by checking various items such as profits obtained by accurately evaluating the exact

value of the company, investment method, and risk hedging plan should proceed.

3. INVESTMENT FIRM

03. Circumstance

06

QUEENBEE COMPANY has entered into a partnership with Singapore's '1 EXCHANGE' to solve the liquidity supply

problem of domestic private companies. 1 EXCHANGE provides liquidity to unlisted companies in the pre-IPO (Initial

Public Offering) stage, and is a company leading the digitalization of assets by acquiring a license from the Singapore

country. Also called CAPBRIDGE HOLDINGS

We are receiving support from global investment companies or IB (Investment Bank) through our parent company.

QUEENBEE COMPANY has established high reliability and global networking through partnership.

Through this partnership between QUEENBEE COMPANY and 1 EXCHANGE, privately held companies can proceed with

Partial Listing. Partial Listing is a program that provides liquidity by listing some of the stocks held by a company. A

company that does not enter the public market with securities is to remain private. Through this, unlisted companies have

many advantages such as maintaining corporate control, shortening the time to attract investment, and evaluating global

investment and value. In order to proceed with the Partial Listing service, the QUEENBEE COMPANY system 'HIVE'

records and manages all actions, valuation and accounting, financial status, shareholder status of unlisted companies, and

transactions of unlisted stocks. Through this, unlisted companies are provided with convenience for future investments.

1. Partial Listing Service

04. Services

Fundraising Ratio for Private Security

QUEENBEE X 1X OTC IPO (PUBLIC)

Valuation

Liquidity

Cost and timeline

Investor Outreach

Disclosure Obligations& Listing Rules

Potentially better valuationsvs. Private secondary sale Require steep discounts Fair market valuation

Continuous tradingNone

Institutional investors

None; Investors are at risk

Continuous trading (volume isa function of participants and float)

Standardized, online campaignprocess 2-6 months

Expensive and time-consumingRequire brokers 2-6 months

Institutional investors Accreditedinvestors tail investors

Full listing rules andongoing disclosure obligations

Full due diligence andregulatory process 6-12 months

Institutional investorsAccredited investors

“Light touch” listing rulesMaterial disclosures

07

2. Investment Advisory Service

04. Services

The process of the Partial Listing Service is divided into six steps, and it proceeds from signing a service contract of

a non-listed company to post-listing service. Some shares of unlisted companies are sold domestically through

Singapore SPV, and the sold shares are converted into digital assets with 1 EXCHANGE listing as collateral. To be

listed on 1 EXCHANGE it takes about 9 to 11 weeks.

QUEENBEE COMPANY reduces investment risk by presenting new ways to invest in privately held companies, and

supports services so that funds can be used flexibly.

Through HIVE, information of unlisted companies (shareholders' register, financial statements, transactions of

unlisted stocks, etc.) is transparently provided, and unlisted companies do not enter the PUBLIC MARKET, but

remain within the PRIVATE MARKET, providing opportunities for subsequent investment or additional investment.

Do it. In addition, flexible EXIT is possible according to investment, and it is possible to flexibly decide to secure

management rights or participate in the board of directors.

QUEENBEE X 1X K-OTC OTC

Transparency of Info.

Market

Subsequent Investment

Exit

Governance

High High Undefined

PrivatePublic

All times

Private

High Undefined Undefined

Post Listing of 1X

In accordancewith the contract

In accordancewith stock amount

In accordancewith the contract

In accordancewith the contract

Partial Listing Service Process

· Request for partial listing of unlisted companies

· Check partial listing conditions

· Decision on partial listing (10-30%) and conclusion of contract

· Data collection required for partial listing

· Conduct customer valuation

· Financial advisory performance (financial statements, shareholders' register, stock transaction details, etc.)

· Singapore SPV establishment

· Transfer of partially listed shares

· Singapore 1 Exchange · Transaction history tracking

· Data upload according to company information change

Applying Confirmation Verfication SENDING1X

ListingUpdatie &Tracking

Advisory Service Benefits of QUEENBEE

08

05. Market Strategy & Goal

Additional Projects (Partial Listing Service)

HIVE SYSTEM architecture and development start

(requires pre-recruitment of development manpower)

Expansion of partner companies

(Hive System development, operation partner establishment)

QBZ global marketing promotion

Promote listing on global or domestic crypto exchanges

Construction of domestic licenses and affiliates

(investment advisory companies, etc.)

Additional Projects (Partial Listing Service)

Establishment of an investment commission including STO or

establishment of a consortium (Investment Advisory Service)

HIVE system test

Promote listing on global crypto exchange

HIVE System launched

YoY : Year on YearCAGR : Compound Annual Growth Rate

PEF : Private Equity FundingOTC: Over-the-Counter09

06. Team Member and Advisor

Abdussalam ElturkiAdvisor

· University of Bristol, Master of Engineering, Computer Science and Electronics

· Graphcore, Silicon Engineer

· Toshiba Europe, Machine Learning and Distributed Systems Research Engineer

· Invented and filed a patent of a system that reduces network traffic

by 60% of Distributed Neural Network by using Reinforcement Learning

Terry LeeCOO

· 미국 국립 과학 아카데미 수료

· 현대 엔지니어링, 정비기술자

· Two Person Eng, 정비기술자

· 블록체인 협회, 팀장

· Token Metrics, Member

Jade NohBusiness Strategic Planner

· 연극.뮤지컬 공연기획팀

(햄릿, 리어왕, 뮤지컬 그리스)

· 테마파크 기획팀 과장

· BMW Project Management

· 강남, 명동 등 기업 부동산 컨설팅

Joseph ChoCTO

· University of Bristol, Bachelor of Social Science,

International Relations

· BIC Blockchain, Executive Director

· Runningman Corporation, Customer Service Officer

· CLWB.org, A.I Deep Tech Task Force Member

10

Eric MoonCEO

· Korea University, Business School

· BIC Blockchain, Founder and Chief

· Marketing Manager in Several

cryptocurrency companies

· Expert in accounting, tax,

and financial management