PART I – INTRODUCTION 1. – The Ontario Securities Commission (the “Commission”) will issue a Notice of Hearing to announce that it will hold a hearing to consider whether, pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), it is in the public interest for the Commission to approve this settlement agreement between Staff of the Commission (“Staff”) and Zhen (Steven) Pang (“Pang”) and Oasis World Trading Inc. (“Oasis”) (“the “Respondents”) (the “Settlement Agreement”), and to make certain orders in respect of the Respondents.

PART II – JOINT SETTLEMENT RECOMMENDATION 2. Staff agree to recommend settlement of the proceeding initiated by the Notice of Hearing against the Respondents in accordance with the terms and conditions set out below. The Respondents consent to the making of an order against them in the form attached as Schedule “A” on the basis of the facts set out below.

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