Yong Ming Ping, John Hwak Chew Woo and 2008 Enterprises Ltd.

On January 13, 2012, pursuant to s. 28.3(1)(a) of the Homeowner Protection Act, (the “Act”) and s. 20.1(2)(b) of the Homeowner Protection Act Regulation, (the “Regulations”), Yong Ming Ping (“Ping”), John Hwak Chew Woo (“Woo”) and 2008 Enterprises Ltd. (“2008 Ltd.”) were issued a monetary penalty, jointly and severally, in the amount of $4,800. This monetary penalty was issued for the following reasons: