Material Information

2022-07-12

On behalf of Arizon RFID Technology (Cayman), YFY Inc. announced the Board’s resolution on removal of non-competition restrictions for managerial officers

1.Date of the board of directors resolution:2022/07/12
2.Name and title of the managerial officer with permission to engage in
competitive conduct:
Felix Ho / CSO (Chief Sustainability Officer)
Bing-Yi Lin / General Manager
Kuan-Yu Lin / CFO
3.Items of competitive conduct in which the officer is permitted to engage:
Positions of managerial officers in companies with the same or similar scope
of business to Arizon RFID Technology (Cayman) Co., Ltd.
4.Period of permission to engage in the competitive conduct:
During the period of employment as the managerial officer
5.Circumstances of the resolution (please describe the results of voting in
accordance with Article 32 of the Company Act):
The resolution is unanimously adopted by all directors attending the meeting
6.If the permitted competitive conduct belongs to the operator of a mainland
China area enterprise, the name and title of the managerial officer
(if it is not the operator of a mainland China area enterprise, please enter
“N/A” below):
Felix Ho / CSO (Chief Sustainability Officer)
Bing-Yi Lin / General Manager
Kuan-Yu Lin / CFO
7.Company name of the mainland China area enterprise and the officer's
position in the enterprise:
Felix Ho/Chairman of YFY Investment Co., Ltd., Chairman of Arizon RFID
Technology Co., Ltd.
Bing-Yi Lin /General Manager of Arizon RFID Technology Co., Ltd., Chairman
of Yeon Technologies (Yangzhou) Co., Ltd.
Kuan-Yu Lin/Supervisor of Arizon RFID Technology Co., Ltd.
8.Address of the mainland China area enterprise:
Yuen Foong Yu Investment Co., Ltd./Room 301, 3F, Honghui.Xinhuiyuan, no. 6,
lane 4718, Gonghexin Road, Jing 'an district, Shanghai
Arizon RFID Technology Co., Ltd. / No. 88 Wuzhou E. Rd., Economic Development
Park, Yuangzhou, Jiangsu
Yeon Technologies (Yangzhou) Co., Ltd. / No. 88 Wuzhou E. Rd., Economic
Development Park, Yuangzhou, Jiangsu
9.Operations of the mainland China area enterprise:
Yuen Foong Yu Investment Co., Ltd. /Holding investment and sales of paper
products.
Arizon RFID Technology Co., Ltd. / Production of various high-frequency and
ultra-high frequency RFID INLAY and label cards.
Yeon Technologies (Yangzhou) Co., Ltd. /Design and distribute RFID and
related assemblies, as well as smart identification systems and reception
antennas
10.Impact on the company's finance and business:None
11.If the managerial officer has invested in the mainland China area
enterprise, the monetary amount of the investment and the officer's
shareholding ratio:None
12.Any other matters that need to be specified:None