Early Warning Disclosure - Ownership Exceeding 10%

Executive Summary

• WWB Holding Ltd. and Bin Wang acquired 3,857,000 common shares of Everybody Loves Languages Corp. (≈10.82% of outstanding shares).
• The Acquiror has requisitioned a special shareholders’ meeting to consider reconstituting the Board of Directors amid regulatory scrutiny of ELL’s governance, disclosures, and valuation.
• The Acquiror cautions against any change‑of‑control or privatization transaction at $0.085 per share, indicating potential opposition to proposed deals.

Key Details

• Acquisition: 3,857,000 common shares purchased on the open market for investment purposes, representing ~10.82% of ELL’s issued and outstanding common shares.
• Regulatory Oversight: Ontario Securities Commission (OSC), TSX Venture Exchange, and Chartered Professional Accountants are reviewing complaints concerning:
• Board authority to execute a Business Combination or change‑of‑control transaction.
• Adequacy of insiders’ share ownership disclosure.
• Accuracy/completeness of financial statements and asset valuations.
• Shareholder Requisition: Formal request submitted to ELL’s Board to call a special meeting of shareholders under applicable corporate law, aimed at reconstituting the Board.
• Privatization Stance: The Acquiror warns that any transaction to privatize ELL at $0.085 per share should be approached with heightened caution and reserves rights to oppose transactions not reflecting intrinsic value.

Notable Quotes

• “We are closely monitoring matters relating to corporate governance, shareholder rights, and the integrity of the Company's public disclosure.” – Bin Wang, on behalf of WWB Holding Ltd.
• “Any transaction involving a change of control or the proposed privatization of ELL at $0.085 per share should be approached with heightened caution.” – Bin Wang

This release is for informational purposes only and does not constitute an offer to purchase or sell securities.