On February 10, 2014, Xinduo Yu responded to a press release issued by Hanfeng Evergreen Inc. on February 7, 2014. Xinduo Yu stated that he is concerned about the proposed deferral at this critical juncture, as it will delay allowing shareholders the opportunity to determine the future of the Company. In addition, Xinduo Yu stated that TSX requirements stipulate that the meeting should have taken place before December 31, 2013.

Further, Xinduo Yu stated that he is evaluating all options available to him in responding to the proposed deferral of the meeting and will continue to update the market as appropriate.