Material Information

2022-06-27

On behalf of YFY Packaging (Yangzhou) Investment Co.,Ltd. YFY Inc. announced the updated resolution on increasingcapital by earnings

1.Date of the board of directors resolution:2022/06/27
2.Source of capital increase funds:
From the shares of 11 subsidiaries held by YFY Mauritius Corp.

Company Name Amount (USD)
Yuen Foong Yu Paper MFG (Yangzhou) Co.,Ltd. 158,000,000.00
Yuen Foong Yu (Guangzhou) Paper Co., Ltd. 8,906,250.00
Yuen Foong Yu (Zhongshan) Paper Co., Ltd. 6,000,000.00
Yuen Foong Yu (Dongguan) Paper Co., Ltd. 6,000,000.00
Yuen Foong Yu (Xiamen) Paper Co., Ltd. 6,500,000.00
Yuen Foong Yu (Kunshan) Paper Co., Ltd. 11,000,000.00
Yuen Foong Yu (Suzhou) Paper Co., Ltd. 7,000,000.00
Yuen Foong Yu (Nanjing) Paper Co., Ltd. 8,958,825.93
Yuen Foong Yu (Shanghai) Paper Co., Ltd. 8,000,000.00
Yuen Foong Yu (Qingdao) Paper Co., Ltd. 8,000,000.00
Yuen Foong Yu (Tianjin) Paper Co., Ltd. 8,000,000.00
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
No
4.Total monetary value of the issuance and number of shares issued (shares
issued not including those distributed to employees if consisting in
capital increase from earnings or capital surplus):
USD $236,365,075.93/236,365,075.93 shares
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:Not applicable
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:Not applicable
7.Par value per share:US $1 per share
8.Issue price:Not applicable
9.Number of shares subscribed for by or allocated to employees:None
10.Number of shares publicly sold:None
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:100%
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:None
13.Rights and obligations of these newly issued shares:None
14.Utilization of the funds from the capital increase:
YFY Group’s investment restructuring.
15.Any other matters that need to be specified:
Update the announcement made on 2021/12/16, due to the consideration
of its operation of Yuen Foong Yu(Jiaxing) Paper Co., Ltd., the YFY
Packaging (Yangzhou)Investment Co., Ltd. decided not to process its
shares transfer.



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  • M.O.P.S Company code:1907