Material Information

2022-07-11

On behalf of Arizon RFID Technology (Cayman) Co., Ltd., YFY Inc. announced the 1st 2022 Special Shareholders Meeting’s resolution on the newly elected directors

1.Date of occurrence of the change:2022/07/11
2.Elected or changed position (Please enter institutional director,
institutional supervisor, independent director, natural-person director or
natural-person supervisor):institutional director, natural-person director,
independent director
3.Title and name of the previous position holder:Felix Ho, Director
4.Resume of the previous position holder:
Felix Ho/Director of Arizon RFID Technology (Cayman) Co., Ltd.
5.Title and name of the new position holder:
Felix Ho/Representative Director of YFY Global Investment B.V.
Bing-Yi Lin/Director
Hong-Shi Wen/ Representative Director of YFY Development Corp.
David Lo/ Representative Director of YFY Paradigm Investment Co., Ltd.
Brian Lee/ Independent Director
Brade Lei/ Independent Director
Scott Soong/ Independent Director
6.Resume of the new position holder:
Representative Director-Felix Ho/ Chairman of Arizon RFID Technology (Cayman)
Co., Ltd.
Director-Bing-Yi Lin/ Director of Arizon RFID Technology
Representative Director- Hong-Shi Wen/Director of Arizon RFID Technology
Representative Director-David Lo/ President of YFY Inc.
Independent Director-Brian Lee/ Independent Director of Dr. Wu Skincare
Co., Ltd.
Independent Director-Brade Lei/ Accountant of C&S CPA firm
Independent Director-Scott Soong/CEO and Chairman of Pervasive Displays, Inc.
7.Circumstances of change (Please enter “resignation”, “dismissal”,
“term expired”, “death” or “new appointment”):New appointment
8.Reason for the change:New appointment
9.Number of shares held by the new position holder when elected:
(1)Felix Ho ,Representative of YFY Global Investment B.V.: 56,244,935 shares
(2)Bing-Yi Lin: 650,130 shares
(3)Hong-Shi Wen, Representative of YFY Development Corp. : 0 shares
(4)David Lo, Representative of YFY Paradigm Investment Co., Ltd. : 0 shares
(5)Brian Lee: 0 shares
(6)Brade Lei: 0 shares
(7)Scott Soong: 0 shares
10.Original term (from __________ to __________):N/A
11.Effective date of the new appointment:2022/07/11
12.Turnover rate of directors of the same term:N/A
13.Turnover rate of independent directors of the same term:N/A
14.Turnover rate of supervisors of the same term:N/A
15.Change in one-third or more of directors (Please enter “Yes” or
“No”):Yes
16.Any other matters that need to be specified:None