This papercraft is the Mai Shiranui, based on the SNK's fighting games Fatal Fury and The King of Fighters. Mai Shiranui is a character from both the Fatal Fury and The King of Fighters series of fighting games by SNK.
She was originally not planned to be included in Fatal Fury at all, as her fighting style was created for a different male ninja. When developers shifted their focus to including an idol character into the series, they decided to scrap the Shiranui man for Mai. Her characteristic "bounce" was loosely modified from a kunoichi method of assassination: to be sensual to their unassuming prey before they strike. According to an issue of Neo Geo Freak, her breasts were modeled after Fumie Hosokawa and her bottom is modeled after Ai Iijima; both women were famous idols at the time.
Mai was rated #4 in GameSpy.com's "Top Ten Babes in Games" feature and #5 in Game Informer's "Top Ten Hottest Girls of the 16-Bit era." In the character popularity poll on Neo Geo Freak's website, she was voted as the fifth favorite character with a total of 2,380 votes. Along with the many figures and merchandise that have been made in her image, she has made an outside game appearance in the spin off series Queens Gate.
Mai uses the Shiranui-ryuu Ninjutsu. The style resembles normal ninjutsu with more graceful and majestic moves, somewhat in reference to traditional Japanese dance. She combines this style with her pyrokinetic abilities. Mai uses a lot of gestures while fighting as well.
She also uses paper fans as weapons, integrating them into her combat technique and using them to perform several combinations and moves. Her clothing, specifically, the 'tails' on her ninja garb are also used to attack the opponent.
Fatal Fury is a fighting game series developed by SNK for the Neo Geo system. The producers of the series, Takashi Nishiyam and Hiroshi Matsumoto, were the planners of the original Street Fighter. Matsumoto is also the creator of the Art of Fighting series.
The King of Fighters, officially abbreviated KOF, is a series of fighting games by SNK Playmore. The series was originally developed for SNK's Neo Geo MVS arcade hardware, which served as the main platform for the series until 2004, when SNK retired the MVS in favor of the Atomiswave arcade board. Only two King of Fighters games were made on the Atomiswave platform (The King of Fighters Neowave and The King of Fighters XI) before SNK decided to discontinue using the platform for the series. The current arcade hardware for the series is the Taito Type X2, with its first usage coming with the release of The King of Fighters XII. Ports of the arcade games and original The King of Fighters games have been released for several video games consoles.
You can download the paper model template here: Fatal Fury & The King of Fighters - Mai Shiranui Free Papercraft Download