There’s a reason that the third game in the series is called Dynamite Deka EX and not Dynamite Deka 3. That’s because it’s really just a revised version of the second game, featuring completely new graphics and an upgraded power-up systems. It was developed by a team in China with supervision from Japan. The concept is actually closer to the first game than the second, featuring a terrorist takeover of a skyscraper. However, it now takes place in Hong Kong rather than an American city. There are again three characters to play as, though Jean Ivy has been replaced with Caroline Powell (the grown-up daughter of the president from the first game) and Eddie Brown is gone in favor of Jennifer Genuine
An arcade follow-up, Dynamite Deka EX: Asian Dynamite, was released in 2007. It uses the same level layouts from the original, redesigned into a Chinese-themed environment. New is a transformation mechanic, where picking up a transformation power-up will transform the character into a new form with a unique moveset. Each character has three unique transformations. Transformations include pro wrestler, martial artist, jiganshi, shrine maiden, and court jester.