Material Information

2020-08-13

YFY Inc. announces to decrease the number of held companies

1.Approved by resolution of the board of directors or shareholders meeting
(please enter: “board of directors” or “shareholders meeting”):
Board of directors.
2.Date of the resolution:2020/08/13
3.Reason for the resolution to increase the no.of held companies, name,
industry, and shareholding ratio of the held companies:Not applicable.
4.Reason for the resolution to decrease the no.of held companies, name,
industry, and shareholding ratio of the held companies:
Reason to decrease the company:
In order to improve management efficiency, the consolidation of subsidiaries
would integrate resources and reduce operating costs. The consolidation of
YFY Paradigm Investment Co., Ltd. (hereinafter referred to as
“YFY Paradigm”) and Lotus Ecoscings & Engineering Co., Ltd. (hereinafter
referred to as “Lotus E&E”) are in compliance with the No.19 section of the
Business Mergers and Acquisitions Act. YFY Paradigm is the survived company
and Lotus E&E is the dissolved company after the consolidation.
The consolidation of YFY Capital Co., Ltd. (hereinafter referred to as
“YFY Capital”) and YFY Venture Capital Investment Co., Ltd. (hereinafter
referred to as “YFY V.C.”) are in compliance with to the No.19 section of
the Business Mergers and Acquisitions Act. YFY Capital is the survived
company and YFY V.C. is the dissolved company after the consolidation.

Name of the company: Lotus E&E, and YFY V.C.
Industry:
Lotus E&E: Procurement, design, manufacturing, sales or other activities of
engineering-related materials and equipment.
YFY V.C.: Investment.

Shareholding Ratios:
Lotus E&E: 100%
YFY V.C.:100%
5.No.of held companies as of the current date:101
6.Any other matters that need to be specified:None.