On February 20, 2014, Xinduo Yu announced that he has provided an update on matters being undertaken by him in his capacity as a shareholder. Xinduo Yu stated that as previously announced, Xinduo Yu has filed an application with the Ontario Superior Court of Justice (Commercial List) seeking directions with respect to the holding and conduct of the previously announced annual and special meeting of shareholders on February 28, 2014, including the appointment of an independent chairman for the Meeting. In addition, Xinduo Yu stated that the Company has not provided a time and place for a meeting on February 28, 2014, nor has it provided any disclosure on whether regulatory approval for the proposed deferral has been attained.

Subject to directions from the Court, Xinduo Yu has made arrangements to hold the previously scheduled February 28, 2014 meeting. Further, Xinduo Yu stated that after the hearing, he will provide an update to shareholders on the Court's directions, including in connection with the time and place of the shareholders' meeting. In the interim, Xinduo Yu has delivered an information circular to all shareholders and will continue solicitation efforts for a February 28, 2014 meeting.