13D Filing: IDG-Accel China Growth Fund II Associates Updates Attempts to Acquire KongZhong Corp (KONG)

Other than as described above, none of
the Reporting Persons currently has any plans or proposals that relate to, or would result in, any of the matters listed in Items
4(a)–(j) of Schedule 13D, although the Reporting Persons may, at any time and from time to time, review or reconsider their
position and/or change their purpose and/or formulate plans or proposals with respect thereto. As a result of these activities,
one or more of the Reporting Persons may suggest or take a position with respect to potential changes in the operations, management,
or capital structure of the Issuer as a means of enhancing shareholder value. Such suggestions or positions may include one or
more plans or proposals that relate to or would result in any of the actions required to be reported herein, including, without
limitation, such matters as acquiring additional securities of the Issuer or disposing of securities of the Issuer; entering into
an extraordinary corporate transaction such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;
selling or transferring a material amount of assets of the Issuer or any of its subsidiaries; changing the present board of directors
or management of the Issuer, including changing the number or term of directors or filling any existing vacancies on the board
of directors; materially changing the present capitalization or dividend policy of the Issuer; materially changing the Issuer’s
business or corporate structure; changing the Issuer’s certificate of incorporation, bylaws or instruments corresponding
thereto or taking other actions which may impede the acquisition of control of the Issuer by any person; causing a class of securities
of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer
quotation system of a registered national securities association; causing a class of equity securities of the Issuer to become
eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Act; and taking any action similar to
any of those enumerated above.