Material Information

2023-03-07

On behalf of Arizon RFID Technology (Cayman) Co., Ltd., YFY Inc. announced the offering price of shares issuance prior IPO

1.Date of occurrence of the event:2023/03/07
2.Company name:Arizon RFID Technology (Cayman) Co., Ltd.
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:69.85%
5.Cause of occurrence:Announcement of the subsidiaries offering price of
common stock issuance for cash prior to the initial listing
6.Countermeasures: None
7.Any other matters that need to be specified (the information disclosure
also meets the requirements of Article 7, subparagraph 9 of the Securities
and Exchange Act Enforcement Rules, which brings forth a significant impact
on shareholders rights or the price of the securities on public companies.):
(1) To conduct the public offering prior to the initial listing, the Company
increases capital of NT$82,580,000 by cash and issues 8,258,000 ordinary
shares with a par value of NT$10 per share, which was declared effective
by the Taiwan Stock Exchange Co., Ltd. on January 30, 2023, with the
letter No. 1121700226.
(2) This capital increase by cash will be issued at a premium price. The
minimum offering price of the competitive auction is NT$77.39 per share,
and the shares are awarded on the basis of bid price in descending order.
Each successful bidder will subscribe the securities at the bidder’s own
award price. The weighted average of the bid price of all successful bids
is NT$133.22, which is higher than 1.08 multiple of the minimum offering
price. Therefore, the offering price of public subscription is capped
and set at NT$83.58 per share.
(3) The rights and obligations of these newly issued shares are same as
existing ordinary shares.