Pittsburg, CA. 94565 June 21, 2016 Yahoo! Inc. Board of Directors 701 First Avenue Sunnyvale, California 94089 Phone (408) 349-3382 ATTN: Corporate Secretary Ron Bell rbell@yahoo-inc.com Dear Board of Directors: As a long time shareholder of Yahoo!, I am writing you to express my grieve concerns of the massive abuses of the Yahoo! Human Rights Fund. I myself was deprived of Chinese passport/citizenship because of my human rights activities. I am surprised to know that the abuses of the Yahoo! Human Rights Fund have got worse since my human rights proposal was voted at 2011 Yahoo shareholders meeting, which requests adopt human rights principle “including supervising the abused Yahoo Human Rights Fund”: http://cpri.tripod.com/cpr2011/YHOO_2011_Proxy_Statement.pdf . I received threats within one month of the shareholders meeting from Harry Wu. Yahoo’s Human Rights Program Director admitted to me that Yahoo disagreed with Harry Wu, but Yahoo was dictated to hand the Yahoo Fund to Harry Wu by some Congress members. Within the Chinese human rights community, everyone knew that the Yahoo Fund was Harry Wu’s personal money. Harry Wu threatened to ruin my family using this Yahoo Fund. I lived under fear and contacted Yahoo but did not receive any response from Yahoo. Finally I was forced to file the compliant with the preparation to die in front of Yahoo HQs: http://cpri.tripod.com/cpr2012/yahoo_220_complaint.pdf I also had a Social Responsibility Report proposal at Yahoo 2013 shareholders meeting http://files.shareholder.com/downloads/YHOO/2467717314x0x659131/728b8747-18d9-4de2-987e-b1897eb18227/YHOO_2013_Proxy_Statement.pdf (I believe it received 32% support). I have not heard anyone acknowledging any help from the Yahoo Fund, but know many victims, including a recent sexual harassments case against Harry Wu to abuse the Yahoo Fund. After Harry Wu’s death, more victims of the Yahoo Fund began to speak out. One example is the Statement by Seven Former Chinese Political Prisoners Regarding the Death of Harry Wu and the Abuses of the Yahoo Human Rights Fund https://chinachange.org/2016/04/28/statement-by-seven-former-chinese-political-prisoners-regarding-the-death-of-harry-wu-and-the-abuses-of-the-yahoo-human-rights-fund/ (April 28, 2016) with the shocking findings such as: “of the approximately $14-15 million of the YHRF that has been spent from 2008 to 2015, only about $700,000 was used to provide humanitarian aid to Chinese dissidents.” The media also gradually began to report the Yahoo Fund’s abuses, such as a Foreign Policy Report: The Complicated and Contradictory Legacy of Harry Wu https://foreignpolicy.com/2016/05/25/the-complicated-and-contradictory-life-of-harry-wu-china-yahoo/ (May 25, 2016). Institutes such as Stanford Graduate School of Business, and other media will reveal more of Yahoo’s Fund’s abuses. Until today, Yahoo has refused to communicate with shareholders and the Chinese human rights communities (such as Humanitarian China here in Silicon Valley) to discuss Yahoo’s human rights policy and practice. It is time for you as Yahoo’s board of directors to act now to change the shameful failure of corporate governance, including: to set up a committee to investigate the abuses of the Yahoo! Human Rights Fund and repot to shareholders, to stop the ongoing abuses of the Yahoo! Human Rights Fund immediately, to supervise the Yahoo! Human Rights Fund for its claimed purpose. I will continue to hold Yahoo shares to help our company. Please contact me at zhao.cpri@gmail.com or 1-925-643-xxxx. Respectfully, Jing Zhao Enclosure: Legal Proxy
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