This figure was displayed last San Diego Comic Con and said to be released together with other Iron Man 2 figures based on the comic book. According to Marvelous News, the set will include comic version of Ultimate Iron Man, Whiplash, Modern War Machine and Mandarin.
One of Iron Man’s archenemy is Mandarin. The Mandarin is a superb athlete with tremendous skill in the various martial arts. The principal personal weapons of the Mandarin are the ten rings which he wears on the fingers of each hand. The rings' operations cannot be explained by contemporary Earth science, but it is known that they served as near-limitless power sources for the warp-drive engines of the Makluan starship of Axonn-Karr.