Material Information

2018-06-08

YFY Inc. reports to increase in the number of held companies

1.Passed by resolution of the board of directors or shareholders' meeting
(please enter: ”board of directors” or ”shareholders' meeting” ):NA
2.Date of the resolution:2018/06/08
3.Reason for the resolution to increase the number of held companies, and
names, industries, and shareholding ratios of the held companies:
Reason：YFY Cayman Co., Ltd., a subsidiary of the YFY Inc., purchased 10.32%
shares of Willpower Industries Limited from Grand Development
Overseas Corporation,a subsidiary of Taiwan Pulp & Paper Corp.,.
YFY Cayman Co., Ltd. shareholding in Willpower Industries Limited
reach 55.16% shares after the transaction.
name：(1) Willpower Industries Limited
(2) Yuen Foong Yu Paper Enterprise (Vietnam) Binh Duong Co., Ltd.
(3) Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd.
(4) Yuen Foong Yu Paper Enterprise (Vietnam) Binh Chanh Co., Ltd.
(5) Yuen Foong Yu Paper Enterprise (Dong Nai) Co., Ltd.
industries：Packaging
shareholding ratios：
(1)Willpower Industries Limited is 55.16% held by YFY Cayman Co., Ltd.
(2)Yuen Foong Yu Paper Enterprise (Vietnam) Binh Duong Co., Ltd.，
Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd. are 100% held
by Willpower Industries Limited
(3)Yuen Foong Yu Paper Enterprise (Vietnam) Binh Chanh Co., Ltd.，
Yuen Foong Yu Paper Enterprise (Dong Nai) Co., Ltd. are 100% held
by Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd.
4.Reason for the resolution to decrease the number of held companies, and
names, industries, and shareholding ratios of the held companies:NA
5.Number of held companies as of the current date:100
6.Any other matters that need to be specified:None