www.deyuagri.com 0February 11

INVESTOR PRESENTATION

JANUARY 2011

www.deyuagri.com 1

Safe Harbor Statements

This presentation contains "forward-looking statements" within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, the company’s ability to complete additional acquisitions and other factors. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this presentation.

www.deyuagri.com 2

Equity Snapshot

Ticker Symbol DEYU.OB

Recent Price $3.15

Common Shares Outstanding 10.3 million

Fully Diluted Shares Outstanding 13.6 million

Market Capitalization (Fully Diluted) $42.8 million

Revenue (ttm)* $68.3 million

Net Income (ttm)* $9.6 million

EPS (ttm) * $0.78

P/E (ttm) * 4.0x

* Trailing twelve months from October 1, 2009 to September 30, 2010. Interim unaudited results. EPS calculation based on diluted weighted average number of shares of 12.3 million shares for the 3-month period ended September 30, 2010.

www.deyuagri.com 3

Investment Highlights

• Fully integrated farm to supermarket provider of grain food products

• Processor and distributor of corn to the food processing and livestock feed industries

• Strategic play on China’s growing demand for healthy organic food, including ready-to-eat products

• High barriers to entry through access to farming cooperatives, farmland use rights and limited government licenses

• Margin expansion through migration to higher-value grain based food and beverage products and proprietary processing technology

• Strong and growing nationwide retail distribution network

www.deyuagri.com 4

Company Overview

• Headquartered in Beijing

• Operations in Jinzhong City of Shanxi Province, Sichuan Province, and Beijing

• Marketer of branded grain products and instant grain food producer

• A leading corn distributor in Shanxi Province

• Large agricultural base in Jinzhong, with 20-year, exclusive access to approximately 90,600 acres of farmland (550,000 mu) and 19,000 acres of owned farmland (115,000 mu)

• 300 full-time and 600 part-time, seasonal employees

Financial HighlightsUS$ millionRevenue

Net Income

www.deyuagri.com 5

End

mar

ket

5

Land Use Rights

SimpleProcessed

Grains

Final Product Processing &

Packaging

Food Processing Companies

Retail Network

• 20-year exclusive farming access to approximately 90,600 acres of farmland in Shanxi Province

• 10,400 acres of owned farmland• Incentivizes over 200 farmer agents to secure sufficient crops

for production • Helps farmers maintain stable income

• Simple processed corn normally includes collecting, cleaning, sifting and drying

• Typical customers of simple processed corn products are food companies such as edible oil producers and livestock feed producers

• Contracted with over 8,500 supermarkets and convenience stores

• Targeting 10,000 by the end of 2010

Feed Companies

Raw

m

ater

ial

Proc

essi

ng

• Products of deep processing include: Instant grain noodles, packaged buckwheat tea, instant cereal, instant grain beverages

• Products of simple processing include: Packaged millets and black kernelled rice, packaged beans (mungbeans, soybeans, red beans), packaged flour (whole wheat, buckwheat, sorghum)

DeepProcessed

Instant Grain Food

SimpleProcessed

Corn

Vertical Value Chain from Farmland to End Markets

Deyufarm Deyu Ag.

Deyu Ag.

www.deyuagri.com 6

Partially processed – cleaned, husked, sifted and dried

Sold in bulk to major food companies and livestock feed producers

Largest customer is Shanghai Yihai Group, a major food processor in China

Levels of germ protein and germ oil content of Deyu’s corn is among highest in China

High barriers to entry as China has stopped granting licenses to new corn processors in the Shanxi Province

Cooking Oil

Corn starch

Corn-based sweeteners

Livestock feed

Fermentation products

Petroleum substitutes, ethanol fuels

End Use Applications

China Corn Consumption

Million tons

Demand for corn has increased by approximately 3% for the last 5 years, and is expected to continue to grow at similar rates in the future

Rising corn prices have a modest, yet positive, impact on our margins due to the time lag between when we buy the corn and when we sell it.

Corn Products Segment

www.deyuagri.com 7

No nationwide recognized processed brands in China

Deyu has dominant supply of high quality grains from Shanxi Province

Chinese consumers are becoming increasingly health and nutrition conscious

Consumer packaged food market segment is experiencing strong growth

Grain Market Dynamics

Beans—Soybeans, Mung Beans

Wheat—Buckwheat, Bitter buckwheat

Rice—Millet, Black Rice, Purple Rice

Potatoes—Sweet Potatoes, Taro, Yams

China Grain Market

In 2009, China produced 530 million tons of grain but consumed just 525 million tons of grain

Broad Product Offering

Processed grain food 250-400 g / day *

Coarse grains and whole grain food

50-100 g / day *

Number of urban residents

622 million

Potential market size >$100 billion* Based on dietary guidelines by the Chinese Nutrition Society

Fine Millet

Whole Wheat Flour

Potential Market Size

Simple Processed Grain Products Segment

www.deyuagri.com 8

Deep processed instant grain foods offer convenience for busy urban consumers

Traditional instant noodles are often criticized as unhealthy -- typically fried as part of the manufacturing process, resulting in high levels of saturated fat and trans fat

Proprietary technical expertise is required in the manufacturing of non-fried grain based instant noodles; resolves the challenges that are commonly faced by instant grain noodles manufacturers

Rich nutrient content of organic grain fully retained in the manufacturing process

Beneficial effects include: lower risk of developing high cholesterol and high blood pressure, and helping maintain a healthy cardiovascular system

Instant grain food products are expected to generate higher gross margins than simple processed grain food products

Grain vermicelli Millet beverage

Buckwheat tea

Convenience products that do not compromise on taste or nutrition

Instant Grain Food Opportunity

www.deyuagri.com 9

Deyufarm Agreement Benefits

Deyufarm Contribution •Proprietary grain-based instant food processing technology developed over 10 years•Instant noodle processing lines, noodle soup production machines and instant noodle packaging machines•Access to OEM partners for the production of ready-to-drink grain based beverages•Deyufarm branded products including instant organic grain noodles, ready-to-drink soups and black bitter buckwheat teaDeyu Agriculture Contribution•Reliable supply network of high quality grains from existing farmland in the Shanxi Province and other regions•Access to nationwide network of supermarket and small convenience store customersEconomics•Deyufarm expects to be capitalized with $10.4 million, with no cash required from Deyu Agriculture•Deyu Agriculture will consolidate Deyufarm’s operating results in its financial statements•64.3% of Deyufarm’s net income will be attributed to Deyu Agriculture’s common shareholders•Deyu Agriculture has the option to purchase the 64.3% equity ownership during the 10-year term for RMB 200 million (approx. $30 million) •Deyu Agriculture has the right to terminate the partnership if management determines that it no longer provides value to the Company

www.deyuagri.com 10

Instant grain noodles Ready-to-drink beverages

Black bitter buckwheat tea

Non fried organic grain based instant vermicelli and noodles; no preservatives, no additives

Rich nutrient content of grains fully retained

Variety of flavours such as Sichuan style spicy stewed beef, chicken, lamb, mushroom and vegetable, etc

High fiber grains and vegetable nutritional soups; supplements daily fiber and vitamin needs, helps maintain digestive function

Ingredients include: Chinese yams, black sesame seeds, red beans, millets, soybeans, buckwheat,etc.

Packaged according to the ancient Chinese five-color concept of red, yellow, green, white and black

Refreshing tea with unique nutty fragrance and taste; made from high quality organic buckwheat grown 5,000 to 8,000 feet above sea level in the Sichuan Province

Buckwheat is high in fiber; contains the eight essential amino acids and many minerals; rich in rutin and selenium

Contains magnesium which helps relax blood vessels, improves blood flow and nutrient delivery while lowering blood pressure, promoting a healthy cardiovascular system.

Deyufarm Key Initiatives

www.deyuagri.com 11

Instant Grain Food Competitive Landscape – Instant Noodles

Instant Noodles Big Four Players in China

Master Kong – Market leader in instant noodles; key products are fried instant noodles

Hualong Group – Hebei-based food company; adopts price-oriented strategies; key products are rice vermicelli

Uni-President – Taiwan-based food company with branded high-end instant products; key products are fried instant noodles

White Elephant Group – Henan-based food company with “White Elephant” branded instant noodles

There is a lack of NON-FRIED INSTANT GRAIN FOOD market leadership

The Big 4 players have over 80% of the market share in the traditional fried instant noodles industry

www.deyuagri.com 12

• Among the first to market branded grain food products nationwideStrong Brand Awareness

Stable Cultivation Base + Unique Geography

• Reliable crop supply combined with a strong farmer cooperative network.

• Scalable warehouse capacity for corn and grains to meet future demand

Adaptable Storage Facilities

• 60 Cities in 13 provinces• Over 4,500 supermarkets• Over 5,500 small convenience stores

Extensive Marketing Network

• Management has years of experience in the agricultural industryStrong Management Team

• Sizable plants and highly automated production lines in Jinzhong, Sichuan and Beijing

Scalable Production Base

• High technical barriers difficult to replicateProprietary Production Expertise

Investment Appeals

www.deyuagri.com 13

Unique ecological environment that is ideal for grain cultivation

1,000 meters above sea level

No frost

Ample sunshine throughout the year

Approximately 10 degrees of temperature difference between day and night

Below-normal rainfall

More nutritious crops compared with those produced in other regions due to

135+ day growing season, the longest for cultivation within China

Farmland requires only one planting per year

Deyu’s products are grown naturally organic due to climate and soil conditions

Agricultural Base in Jinzhong

www.deyuagri.com 14

• Signed agricultural co-operative agreements with local governments of counties and villages in Jinzhong for farming purposes

• 20-year exclusive farming access to approximately 90,600 acres of farmland, which comprises our agricultural base in the Shanxi Province

• 19,000 acres of owned farmland

Land

• Deyu provides seeds, cultivation technology and training

• Farmers incentized to deliver contracted volumes

• Utilize over 200 farmer agents to secure sufficient crops for production

• Helps farmers maintain stable income with higher purchasing prices

Farmers

Deyu Agriculture

• Largest company authorized to secure purchases in the region • Plans to enter into more cooperative agreements for expansion of farmland• Plans to sign up more farmer agents• Expect geographical expansion in Shanxi and Inner Mongolia

• Largest company authorized to secure purchases in the region • Plans to enter into more cooperative agreements for expansion of farmland• Plans to sign up more farmer agents• Expect geographical expansion in Shanxi and Inner Mongolia

Land and Farmers

www.deyuagri.com 15

Deyufarm Proprietary Production Expertise

High nutritional content in organic grains maintained, while sensory texture is comparable to traditional fried instant noodles

Deyufarm adopts proprietary technology that produces non-fried instant grain based noodles with no additives and preservatives, unlike traditional noodles that are typically fried

Maintains textural stability and optimized water absorption ability which are challenges encountered by instant grain noodle producers

Achieves quality attributes in instant grain noodles, as required by specific target markets

The technology was incubated and commercialized after spending 10 years of research and development efforts; creating high barriers to entry

www.deyuagri.com 16

• Soil improvement and irrigation upgrades have boosted yields, quality and acreage for farmers

• Modern equipment, processes and technology • Nutrients do not deteriorate during processing • Our technology ensures that our products maintain

organic qualities, high nutrition and taste.

• Advanced technologies in warehouse quality control, and detection

• Special storage techniques to ensure food safety under China’s extremely strict food storage rules

• Seeds developed through hybridization in cooperation with Chinese Academy of Agricultural Sciences and other leading academic institutions are high quality (non-transgenic) crop seeds

• Increased output as well as pest and drought resistance

• Years of expertise in formulation, taste, and techniques for grain-based foods• Deyufarm’s Instant organic grain food production expertise was incubated and

commercialized after 10 years of research and development efforts.

Research and Development

Seed Breeding

Cultivation

Processing

Storage

Product Development

www.deyuagri.com 17

3 fully automated production lines for simple processed grain products 6 linear noodle processing lines (Deyufarm)4 fully automatic noodle soup base production machines (Deyufarm)11,667 sq. m. production facilities in Shanzhuang Tou Village, Jinzhong City3,000 sq. m. drying areaEngaging OEM partners (with 8 production lines) for ready-to-drink products (Deyufarm)

400 sq. m. packaging facilities; 4 packaging lines for simple processed grain products10-15 automated instant grain noodles packaging machines (Deyufarm)

Production

Packaging

Exclusive access to 3 rail lines in the Jinzhong region to ensure cost-effective and reliable transportation throughout China

Logistics

New storage facility:• Completed and commenced operation in

Q4 2010• Increased storage capacity by 70,000 tons,

with turnover of 350,000 tons per yearTotal storage capacity of 120,000 tons, with turnover capacity of 600,000 tons per year

Storage

Facilities

www.deyuagri.com 18

JinzhongTaiyuan

Tianjin

Shenyang

Jinan

Nanjing

Shanghai

FuzhouGuangzhou

Chongqing

WuhanChengduXi’an

Beijing

Shijiazhuang

Deploy sales network in 60 cities covering 13 provinces throughout China

Target large and mid-sized supermarkets

Contracts with over 10,000 supermarkets and small convenience stores

Headquarters

Agricultural Base

12 Wal-Mart stores in Beijing19 Carrefour stores in Shanghai

Marketing and Distribution

www.deyuagri.com 19

Market Demand Drivers

Growing Consumption

Instant grain food products are shelf-stable, easily reconstituted and provide an inexpensive source of nutrition Grain and corn-based food, are becoming an essential component of the daily diet of the Chinese consumer Popularity of a healthy diet calls for a balanced diet including more grain

Grain is rich in vitamin B1, dietary fiber and trace elements; beneficial for diabetes and high blood pressure*Corn and corn by-products are frequently used in healthy food. Corn oil is low in cholesterol and beneficial for mitigating high blood pressure and heart disease

The Chinese are becoming increasingly health and nutrition conscious and inclined to spend on quality organic foodPeople in their 30s and 40s are seeking a healthier and more nutritious lifestyle, due to the mental and physical demands from their busy lifestyle

Integration of the rural and urban economies increases farmers’ incomes and develops an environmentally friendly, resource-efficient agricultural sector

* Source: The Chinese Nutrition Society

Regulatory Support

Grain and corn propertiesFavorable Demographics

Grain and Corn Properties

www.deyuagri.com 20

Mr. Wenjun Tian, President and Director

• 10+ years of experience in corporate management• Manager-in-charge, Finance Department with China Merchants Group in Hong Kong (publicly listed)• Master’s degree in Finance, China CPA

• 10+ years of experience in corporate management; agricultural business expert• Chairman of Dongsheng International Investment Inc.; Chairman of Shanxi Dongsheng Auction Co., Ltd.; Director of Detian Yu

Biotechnology (Beijing) Co., Ltd., (Deyu subsidiary)• Bachelor’s degree

• 15+ years of experience in accounting, finance and manufacturing operations management• B.S. and M.S. in Accounting from the University of Wisconsin• Certified Public Accountant; Certified Management Accountant

Mr. Charlie Lin, Chief Financial Officer

Mr. Li Ren, Vice President, Brand Operations

• A renowned branding expert in China's consumer packaged goods industry with expertise in developing local Chinese brands • Independent branding consultant; served as VP, Hebei Zhongwang Group and successfully established Beijing Wu Gu Dao

Chang Company.

• 20+ years of experience in business operations • Former VP, Dongsheng International (Beijing) Investment Co., Ltd.; former GM, Antai Global (Beijing) Risk Management Co.,

Ltd.

Mr. Jianbin Zhou, Chief Operating Officer

Strong Management Team

Mr. Jianming Hao, Chairman and Chief Executive Officer

www.deyuagri.com 21

Independent Directors –Audit Committee

Mr. Timothy C. Stevens, Chairman of the Audit Committee

Mr. Longjiang Yuan

• 30 years executive leadership, management and client services experience• Executive Director of Saul Ewing LLP, a Philadelphia law firm• Former Officer with Baker & McKenzie’s Hong Kong/China Practice• Former partner with PricewaterhouseCoopers• Clifton College of Bristol University, United Kingdom• ACA from the UK Chartered Accountants’ Qualification Program

• Vice Director of the Science and Technology Bureau of the Chinese Academy of Agricultureal Sciences (CAAS)• Former senior executive of the R&D team at the Institute of Crop Science of the CAAS• Former independent director of the board of Shanxi Tunya Seed Industry Co. • Bachelor of Science degree in Genetic Breeding Technology, Graduate School of the Chinese Academy of Agricultural Sciences

• Executive Officer of Mars & Co, a high-end international strategy consulting firm• Experience in a cost and supply chain optimization, brand strategy, competitive analysis and acquisitions and divestiture analysis• Bachelor of Science in Chemical Engineering, Princeton University• MBA from the Wharton Business School, University of Pennsylvania

Mr. Al Carmona

www.deyuagri.com 22

Deyu Agriculture –Scientific Advisor

Mr. Wei Zhong Cai, Chief Scientist

• Professor and tutor of food nutrition and health at the School of Public Health of Peking University• Previous research and management at the Chinese Academy of Agricultural Sciences, China Food Group China Animal

Husbandry Industry Group, the National Development and Reform Commission and the Public Nutrition and Development Center• BA from Jiangsu Agricultural University• Masters degree from Chinese Academy of Agricultural Science• Doctorate from Chinese Agricultural University

www.deyuagri.com 23

History and Milestones

2H 2009

2007-2008

April 2010

1H 2009

20062004

Completed a share-exchange transaction with Eco Building International, Inc.; listed on the OTC Bulletin Board

Founded Deyu Agriculture in Shanxi province with focus on partially processed grains

Established corn processing operation; secured large customers such as Shanghai Yihai

Focused on organic growth of corn and grain operations

Aggressively marketed branded grain foods; strategically transformed business to focus on processed grain foods

Modified corporate structure to prepare for overseas listing

Expanded sales network to include over 3,300 retail outlets in 12 provinces in China

July 2010

Nov 2010

Completed a strategic partnership with Deyufarm, an instant grain food manufacturer; introduced several instant organic grain food products. Expanded sales network to include over 8,500 retail outlets in 60 cities covering 13 provinces in China

www.deyuagri.com 24

Financial Overview

www.deyuagri.com 25

Revenue Net Income*

(US$ millions) (US$ millions)

* Net Income available to Common Stockholders

Strong Revenue and Profit Growth

www.deyuagri.com 26

Grains SegmentCorn Segment

Revenue Gross Margin Revenue Gross Margin

Strong Gross Margins

www.deyuagri.com 27

Nine Months Ended September 30 Year Ended December 31

2010 2009 2009 2008

Net revenue $53,895,929 $26,319,671 $40,732,447 $17,269,937

Gross Profit 13,135,354 6,838,672 10,595,866 4,596,576

Operating expenses (5,131,551) (1,438,137) (3,321,922) (1,085,612)

Operating income 8,003,803 5,400,535 7,273,944 3,510,964

Net income 7,780,762 5,339,850 7,181,132 3,465,115

Preferred Stock Dividends (231,123) - - -Net Income available to Common Stockholders $7,549,639 $5,339,850 $7,181,132 $3,465,115

Net income per share - basic $0.96 $1.08 $1.46 $0.70

Net income per share - diluted $0.85 $1.08 $1.46 $0.70Weighted average number of shares outstanding - basic 7,854,714 4,930,000 4,930,000 4,930,000

Weighted average number of shares outstanding - diluted 9,132,073 4,930,000 4,930,000 4,930,000

Summary Income Statement

www.deyuagri.com 28

September 30, 2010 December 31, 2009

Cash and cash equivalents $10,740,312 $2,562,501

Accounts receivable, net 8,170,985 4,200,749

Inventory 8,683,377 8,233,760

Total current assets 30,546,065 16,130,080

Property, plant, and equipment, net 4,578,258 2,939,475

Construction-in-progress 4,907,551 3,254,696

Total Assets $44,471,148 $23,831,153

Short-term loan 3,193,633 1,801,960

Long-term liabilities - -

Total Liabilities $5,262,060 $2,132,917

Total Stockholders' Equity $39,209,088 $21,698,236

Total Liabilities and Stockholders' Equity $44,471,148 $23,831,153

Summary Balance Sheet

www.deyuagri.com 29

Company Contact:

Charlie Lin, Chief Financial OfficerDeyu Agriculture Corp.Tel: +1-626-242-5292E-mail: charlie@china-deyu.comhttp://www.deyuagri.com

Independent AuditorKCCW Accountancy Corp.

Legal Counsel K&L Gates LLP

Investor Relations Contact:

Larry Clark, Senior Vice President Financial Profiles, Inc.11601 Wilshire Blvd., Suite 1920Los Angeles, CA 90025E-mail: lclark@finprofiles.comhttp://www.finprofiles.com

Contact Information

www.deyuagri.com 30

Thank You!