Material Information


The Board of YFY approved to public auction factory and land located in Xinxin Rd., Tainan City

1.Date of occurrence of the event:2023/03/15
2.Company name:YFY Inc.
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):head office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:
(1) In order to adjust assets allocation and improve return on assets, the
board of YFY approved to sell the factory and land located in Xinxin Rd.,
Tainan City by public auction. YFY will authorize the Taiwan branch of
CBRE Co., Ltd. to handle the public bidding operation.
(2) The disposition of assets will be processed in accordance with the
”Procedures for Acquiring or Disposing of Assets”, and valuation reports
of two professional appraiser firms have been obtained.
(3) The board has authorized the Chairman to handle all matters related to
the transaction.
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.):
The company will make relevant announcement in accordance with regulations
after the transaction finalized.

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  • M.O.P.S Company code:1907