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2020-07-23
1.Date of occurrence of the event:2020/07/23
2.Company name:YFY Inc.
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”): The Company
4.Reciprocal shareholding ratios:Not applicable.
5.Cause of occurrence:
In order to facilitate current overseas operation status of YFY's
subsidiaries and prepare for the IPO of YFY Packaging Inc., YFY Inc. will
proceed overseas investment restructuring.
6.Countermeasures:
The overseas investment structure of the company has been developed through
years of business operations. YFY Inc. will optimize the overseas investment
structure due to the current operation status of its subsidiaries and the
IPO preparation for YFY Packaging Inc, in order to increase the overall
operational efficiency.
The investment structure adjustment will involve the following subsidiaries:
YFY International Ltd.(YFY International BVI Corp.), YFY Packaging Inc., YFY
Cayman Co., Ltd., YFY International Labuan Co., Ltd., YFY Packaging (BVI)
Corp., YFY Mauritius Corp., YFY Jupiter (BVI) Inc.
The YFY's overseas investment restructuring will be proceed in accordance
with the relevant regulatory requirements. The Board will authorize the
Chairman or other appointed agent to proceed signatories for documentations
and other necessary changes.
7.Any other matters that need to be specified:None