Material Information

2020-03-23

On behalf of Yuen Foong Yu Paper Enterprise (Kunshan) Co., Ltd., YFY Inc. issues this announcement concerning its lending to an affiliates

1.Date of occurrence of the event:2020/03/23
2.Name of the company who receive the monetary loans, its
relationship to the Company who extend the loans, ceiling
amount on the monetary loans extended, amount of loans
originally extended, amount of the current additional loans,
whether or not the board of directors authorize the chairperson
to give loans for the borrowing counterparty; total extended
amount of loans and the reason for loans as of the date of
occurrence of the event:
A
(1)company :Yuen FoongYu Paper MFG (Yangzhou) Co.,Ltd.
(2)relationship to the Company:Affiliates
(3)short-term loan facility with the limit of funds (thousand):
NT$1,095,435
(4)with the balance of the original loan funds (thousand):NT$0
(5)The amount of new loans to associated (thousand):NT$1,095,435
(6)whether the chairman of the Board of Directors authorized the loan
with the object of the same sub-sub-prime or funds set aside to
spend the loan cycle with: No
(7)The fact occur until the balance of loans to date only
(thousand) :NT$1,095,435
(8)The new loan funds with reason: To renew annual contract of the
cash pooling business of the company.
B
(1)company :YFY Packaging (YangZhou) Investment Co., Ltd.
(2)relationship to the Company:Affiliates
(3)short-term loan facility with the limit of funds
(thousand):NT$1,095,435
(4)with the balance of the original loan funds (thousand):NT$0
(5)The amount of new loans to associated (thousand): NT$1,095,435
(6)whether the chairman of the Board of Directors authorized the loan
with the object of the same sub-sub-prime or funds set aside to
spend the loan cycle with: No
(7)The fact occur until the balance of loans to date only
(thousand) : NT$1,095,435
(8)The new loan funds with reason: To renew annual contract of the
cash pooling business of the company.
3.Content and value of collaterals provided by the loan recipient, if any:No
4.Capital and Accumulated profit/loss of the loan recipient
according to its latest financial report:
(1)Capital accept loans to the company's most recent financial statements
(thousand):NT$9,805,389
(2)Accept the cumulative gain or loss amount (thousand) loans to the
company's most recent financial statements:-NT$8,046,269
5.Method of calculation of interest: Annual interest rate of3.25%
6.Terms/conditions and date for repayment: Repayment fund from business
operations and investment income during 2020/3/31~2021/3/30.
7.The Company’s total amount of monetary loans extended
as of the date of occurrence of the event: NT$30,332,853thousands
8.The ratio of the total amount of monetary loans extended
to the Company’s net worth on its most recent financial
statements as of the date of occurrence of the event:78.90%
9.Sources of funds to extend monetary loans to others:Subsidiary itself
10.Any other matters that need to be specified:
Should the company have any non-cash pooling lending activities with
Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd., YFY Packaging (YangZhou)
Investment Co., Ltd. or other companies, it shall be guided according to
the ”Procedure for Lending of Funds with Other Parties” of the company.
Furthermore, the lending shall be managed with the cash pooling of Yuen
Foong Yu Paper MFG (Yangzhou) Co., Ltd. & YFY Packaging (YangZhou)
Investment Co., Ltd. and be considered within its cash pooling limitation
amount.
Capital (thousand):
(1) Yuen FoongYu Paper MFG (Yangzhou) Co.,Ltd. :NT$7,357,041
(2) YFY Packaging (YangZhou) Investment Co., Ltd.: NT$2,448,348
Accumulated profit/loss (thousand):
(1) Yuen FoongYu Paper MFG (Yangzhou) Co.,Ltd. :-NT$5,845,962
(2) YFY Packaging (YangZhou) Investment Co., Ltd.:-NT$2,200,307