Material Information

2020-03-20

YFY Inc. announced on behalf of YFY Cayman Co., Ltd. the Board resolution for the capital reduction

1.Date of the board of directors resolution:2020/03/20
2.Reason for the capital reduction:Capital reduction by cash to enhance fund
operations
3.Amount of the capital reduction:US$50,000,000
4.Cancelled shares:50,000,000 shares
5.Capital reduction ratio:14.709424%
6.Share capital after the capital reduction:US$289,918,142.15
7.Scheduled date of the shareholders' meeting:Not applicable
8.Estimate listed common shares after the capital reduction:Not applicable
9.The estimate ratio of listed shares to the company's issued
common shares, after the capital reduction:Not applicable
10.Countermeasures of the lower circulation in shareholding,
if the aforesaid estimate listed common shares does not
reach 60 million shares and the ration does not reach 25%
after the capital reduction:Not applicable
11.Any other matters that need to be specified:None

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  • M.O.P.S Company code:1907