Material Information

2020-07-24

YFY Inc. announced on behalf of YFY Cayman Co., Ltd., the Board agree to increase capital by capital surplus due to YFY Group's investment restructuring

1.Date of the board of directors resolution:2020/07/24
2.Source of capital increase funds:Capital increase from capital surplus.
3.Number of shares issued (not including those distributed to employees if
consisting in capital increase from earnings or capital surplus) :
43,205,924.98 shares.
4.Par value per share:USD 1.
5.Total monetary value of the issuance:USD 43,205,924.98.
6.Issue price:Not applicable.
7.Number of shares subscribed for by or allocated to employees:Not applicable.
8.Number of shares publicly sold:Not applicable.
9.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:0.149028014 share stock dividends per existing shares.
10.Handling method for fractional shares and shares unsubscripted for by
the deadline:Not applicable.
11.Rights and obligations of these newly issued shares:
The rights and duties of the share issuance are identical to those of the
existing shares.
12.Utilization of the funds from the capital increase:
YFY Group's investment restructuring
13.Any other matters that need to be specified:None.

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M.O.P.S Company code:1907