TORONTO, ON, December 10, 2021 – The Canadian Scholarship Trust Foundation (the “Foundation”), the parent company of C.S.T. Spark Inc., today announces following a subscriber vote that it has secured approval to wind-up CST Bright Plan (the “Plan”), and transfer existing CST Bright Plan RESP Accounts and cash proceeds to CST Spark RESP Accounts invested in one or more CST Spark Education Portfolios, a series of mutual funds offered by C.S.T. Spark Inc. The move to wind-up the Plan and transfer subscribers to CST Spark RESP Accounts invested in CST Spark Education Portfolios will provide more transparency, greater flexibility, and ease of use for customers. To carry out the proposed changes, a majority of votes cast in favour of the resolution was required. The vote was held at a virtual Special Meeting held on Thursday, December 9, 2021, with 89% of cast votes “FOR” the proposed changes. The investment impact on customers is minimal, as the new mutual funds follow the same glide path investment strategies as the Plan’s beneficiary age group pools and the fees for the mutual funds are the same as or lower than those of the Plan. Each customer will see their investment transferred by no later than March 31, 2022