Material Information

2020-07-24

YFY Inc. announced on behalf of YFY Cayman Co., Ltd. ,the Board resolution for the capital reduction due to YFY Group's investment restructuring

1.Date of the board of directors resolution:2020/07/24
2.Reason for capital reduction:YFY Group's investment restructuring.
3.Amount of capital reduction:USD 373,098,103.80.
4.Cancelled shares:373,098,103.80 shares.
5.Capital reduction percentage:91.285929%
6.Share capital after capital reduction:USD 35,615,600.90.
7.Scheduled date of the shareholders meeting:Not applicable.
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:Not applicable.
9.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:Not applicable.
10.Please explain any countermeasures for lower circulation in
shareholding if the aforesaid estimated no.of listed common shares upon
capital reduction does not reach 60 million and the percentage does not
reach 25%:Not applicable.
11.The record date for capital reduction:
Authorize its director to set the capital reduction base date.
12.Any other matters that need to be specified:None.

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  • M.O.P.S Company code:1907