On January 13, 2014, Comtech Broadband Corporation Ltd. and Yi Yuan, the company's President, entered into a letter agreement pursuant to which Mr. Yuan resigned from all of his positions with Comtech Broadband and Viewtran Group, Inc, and terminated his employment agreement, effective as of December 31, 2013. Such resignation did not result from any disagreement with the company on any of its operations, policies or practices.