Material Information

2020-05-12

YFY Inc. announces the Board's resolution to transfer the shareholding of BoardTek Electronics Corp. to Zhen Ding Technology Holding Limited by share-swap

1.Name of the securities:BoardTek Electronics Corp (BoardTek)
2.Trading date:2020/05/12
3.Trading volume, unit price, and total monetary amount of the transaction:
Trading volume: According to the material information announced by BoardTek
on March 10, 2020, the share-swap ratio was determined to be one common stock
of BoardTek for 0.2 new issuance shares of Zhen Ding Technology Holding
Limited (Zhen Ding ).The 37,323,087 shares of BoardTek held by YFY Inc.
can be converted into 7,464,617 shares of Zhen Ding.
Unit price: According to the reasonableness appraisal opinion provided by
the appointed CPA on April 30, 2020, the closing price of Zhen Ding was
NTD 108 per share.
Total monetary amount: NTD 806,179 thousand.
4.Gain (or loss) (not applicable in case of acquisition of securities):
Actual amount will be disclosed in the financial report of the transaction
was made.
5.Relationship with the underlying company of the trade:None
6.Current cumulative volume, amount, and shareholding percentage of
holdings of the security being traded (including the current trade)
and status of any restriction of rights (e.g.pledges):
After closing of this transaction, the shares of BoardTek held by the holding
company and subsidiary as below：
YFY Inc. / 0 shares / market value is NTD 0 / shareholding percentage is 0%/
status of any restriction of rights: none.
Lotus Ecoscings & Engineering Co., Ltd. / 0 shares / market value is NTD 0 /
shareholding percentage is 0%/ status of any restriction of rights: none.
After closing of this transaction, the shares of Zhen Ding held by the
holding company and subsidiary as below：
YFY Inc. / 7,464,617 shares / market value is NTD 806,179 thousand /
shareholding percentage is 0.79%/ status of any restriction of rights: none.
Lotus Ecoscings & Engineering Co., Ltd. / 467,106 shares /
market value is NTD 50,447 thousand / shareholding percentage is 0.05%/
status of any restriction of rights: none.
7.Current ratio of long or short term securities investment (including
the current trade) to the total assets and shareholder's equity as
shown in the most recent financial statement and the operational capital
as shown in the most recent financial statement:
1.26% /2.05%/ NTD-3,006,262 thousand
8.Concrete purpose/objective of the acquisition or disposal:
Long-term financial investment plan
9.Do the directors have any objections to the present transaction?:None
10.Is it a related party transaction?:None
11.Counterparty to the trade and its relationship to the company:
Not applicable
12.Date of the board of directors' resolution:2020/05/12
13.Date of the recognition of the supervisors or the board of
independent directors' resolution:2020/05/11
14.Any other matters that need to be specified:
According to the material information announced by BoardTek on March 10,
2020, the record day of the share-swap is scheduled on November 11, 2020.
The unit price, total monetary amount of the transaction, the ratio of
long or short term securities investment to the total assets and
shareholder's equity as shown in the most recent financial statement are
estimated by closing price of Zhen Ding on April 30, 2020. The actual
transaction amount are subject to be determined on the record date of
the share- swap.