Board Thread:General Discussion/@comment-69.57.43.25-20130828001049/@comment-1971498-20140202224203

The Ten Rings have no connection to the Mandarin persona, Killian simply appropriated their iconography to use for his schemes as the true alter ego of the Mandarin. That doesn't mean that the Ten Rings is run by some "real Mandarin" though, because there's no official word out there saying just that (rather the name "Ten Rings" serves as more or less a reference to the character). Killian as the true alter ego of the Mandarin and the Ten Rings being separate group still makes sense, even if it means that they're not affiliated.The Ten Rings are definitely a group of their own, though it should be said that no official source ever mentions that they have their own "real" Mandarin.

Also yes, I agree withWikia contributor 107.203.2.157, Killian wasn't out for revenge against Tony as he clearly didn't care about him and even wanted to work with him a couple of times in the film to help him perfect Extremis.