Material Information

2020-05-12

YFY Inc. and its affiliates anounce the changes of endorsement guarantee among affiliates

1.Date of occurrence of the event:2020/05/12
2.The company name of the party for whom the endorsements/guarantees
were made; its relationship with the Company; the ceiling on the
endorsements/guarantees;the original amount of endorsements/guarantees;
the amount of the current additional endorsements/guarantees;
the amount of endorsements/guarantees as of the date of occurrence
of the event; the actual loaned amount of the company who was made
the endorsements/guarantees; the reason for the current additional
endorsements/guarantees:
A.
(1) company : Yuen FoongYu Paper MFG (Yangzhou) Co., Ltd.
(2) its relationship with the Company: Affiliates
(3) the ceiling on the endorsements/guarantees (thousand):NT$58,875,350-
(4) the original amount of endorsements/guarantees(thousand):NT$1,736,242-
(5) the amount of the current additional endorsements/guarantees (thousand):
NT$2,024,921-
(6) the amount of endorsements/guarantees as of the date of occurrence of
the event (thousand):NT$3,761,163-
(7) the actual loaned amount of the company who was made the endorsements/
guarantees(thousand) : NT$660,814-
(8) the reason for the current additional endorsements/guarantees:
With YFY, Inc. as the guarantor, Yuen Foong Yu Paper Mfg (Yangzhou)
Co., Ltd. obtained various credit lines.
B.
(1) company : YFY Packaging (Yangzhou) Investment Co., Ltd.
(2) its relationship with the Company: Affiliates
(3) the ceiling on the endorsements/guarantees (thousand):NT$58,875,350-
(4) the original amount of endorsements/guarantees(thousand):NT$0-
(5) the amount of the current additional endorsements/guarantees (thousand):
NT$273,923-
(6) the amount of endorsements/guarantees as of the date of occurrence of the
event (thousand): NT$273,923-
(7) the actual loaned amount of the company who was made the endorsements/
guarantees(thousand) : NT$0-
(8) the reason for the current additional endorsements/guarantees:
With YFY, Inc. as the guarantor, Yuen Foong Yu Paper Mfg (Yangzhou) Co.,
Ltd. obtained various credit lines.
C.
(1) company : YFY Capital Co., Ltd.
(2) its relationship with the Company: Affiliates
(3) the ceiling on the endorsements/guarantees (thousand): NT$58,875,350-
(4) the original amount of endorsements/guarantees(thousand): NT$2,600,000-
(5) the amount of the current additional endorsements/guarantees(thousand):
NT$200,000-
(6) the amount of endorsements/guarantees as of the date of occurrence of
the event (thousand): NT$2,800,000-
(7) the actual loaned amount of the company who was made the endorsements/
guarantees(thousand) : NT$1,570,000-
(8) the reason for the current additional endorsements/guarantees:
YFY Inc. co-sign the promissory note to assist YFY Capital Co., Ltd.
to acquire credit facilities for its working capital.
D.
(1) company : YFY Venture Capital Investment Co., Ltd.
(2) its relationship with the Company: Affiliates
(3) the ceiling on the endorsements/guarantees (thousand): NT$58,875,350-
(4) the original amount of endorsements/guarantees(thousand): NT$1,500,000-
(5) the amount of the current additional endorsements/guarantees(thousand):
NT$370,000-
(6) the amount of endorsements/guarantees as of the date of occurrence of
the event (thousand): NT$1,870,000-
(7) the actual loaned amount of the company who was made the endorsements/
guarantees(thousand) : NT$612,000-
(8) the reason for the current additional endorsements/guarantees:
YFY Inc. co-sign the promissory note to assist YFY Venture Capital
Investment Co., Ltd. to acquire credit facilities for its working
capital.
E.
(1) company : YFY Paradigm Investment Co., Ltd.
(2) its relationship with the Company: Affiliates
(3) the ceiling on the endorsements/guarantees (thousand): NT$58,875,350-
(4) the original amount of endorsements/guarantees(thousand): NT$1,400,000-
(5) the amount of the current additional endorsements/guarantees(thousand):
NT$370,000-
(6) the amount of endorsements/guarantees as of the date of occurrence of
the event (thousand): NT$1,770,000-
(7) the actual loaned amount of the company who was made the endorsements/
guarantees(thousand) : NT$732,000-
(8) the reason for the current additional endorsements/guarantees:
YFY Inc. co-sign the promissory note to assist YFY Paradigm Investment
Co., Ltd. to acquire credit facilities for its working capital.
3.Content and value of collaterals provided by the party
for whom the endorsements/guarantees were made:None
4.Capital and accumulated profit/loss for whom the endorsements/guarantees
were made according to its latest financial report:
(1)Capital accept loans to the company's most recent financial statements
(thousand):NT$11,386,568
(2)Accept the cumulative gain or loss amount (thousand) loans to the
company's most recent financial statements: -NT$6,754,562
5.Terms/conditions and date of release of the Company's
endorsement/guarantee obligations:
The realease of YFY`s endorsement/guarantee obligation is upon repayment
of the debt or the due day of the contract.
6.The total amount of ceiling on endorsement/guarantee:
(thousand)NT $ 78,500,466-
7.The total amount of endorsements/guarantees as of the date
of occurrence of the event: (thousand)NT $ 21,016,244-
8.The ratio of the amount of endorsements/guarantees to the
Company's net worth according to the latest financial report
as of the date of occurrence of the event:53.54
9.The ratio of the aggregate amount of long term
investments, endorsements/guarantees, and monetary loans
extended to others to the Company's net worth according
to the latest financial report:136.00
10.Any other matters that need to be specified:
Capital (thousand):
(A)Yuen FoongYu Paper MFG (Yangzhou) Co., Ltd.: NT$7,181,247
(B)YFY Packaging (Yangzhou) Investment Co., Ltd.：NT$2,389,845
(C)YFY Capital Co., Ltd.: NT$268,400
(D)YFY Venture Capital Investment Co., Ltd.:NT$698,276
(E)YFY Paradigm Investment Co., Ltd.:NT$848,000

Accumulated profit/loss (thousand):
(A)Yuen FoongYu Paper MFG (Yangzhou) Co., Ltd.: -NT$5,706,274
(B)YFY Packaging (Yangzhou) Investment Co., Ltd.-NT$2,147,731
(C)YFY Capital Co., Ltd.: NT$142,290
(D)YFY Venture Capital Investment Co., Ltd.:NT$475,377
(E)YFY Paradigm Investment Co., Ltd.:NT$481,776