Material Information

2024-03-13

On behalf of YFY Packaging (Yangzhou) Investment Co., Ltd., YFY Inc. announced the lending funds to its affiliates

1.Date of occurrence of the event:2024/03/13
2.Funding recipient name, relationship with lender, lending limit
(thousand NTD), starting outstanding balance (thousand NTD), new loan
(thousand NTD), is it part of a scheduled allocation or revolving limit for
the same recipient that the chairman is authorized by the board of directors
to allocate, outstanding balance (thousand NTD) up to the date of
occurrence, reason for new loan (thousand NTD):
A.
(1)Funding recipient name:Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd.
(2)relationship with lender:Affiliates
(3)lending limit (thousand NTD):NT$8,642,017
(4)starting outstanding balance (thousand NTD):NT$0
(5)new loan (thousand NTD):NT$5,779,323
(6)is it part of a scheduled allocation or revolving limit for the same
recipient that the chairman is authorized by the board of directors
to allocate:No
(7)outstanding balance (thousand NTD) up to the date of occurrence:
NT$5,779,323
(8)reason for new loan:
To renew annual contract of the cash pooling business of the company.
B.
(1)Funding recipient name:Yuen Foong Yu Paper Enterprise (Fuzhou) Co., Ltd.
(2)relationship with lender:Affiliates
(3)lending limit (thousand NTD):NT$8,642,017
(4)starting outstanding balance (thousand NTD):NT$0
(5)new loan (thousand NTD):NT$533,476
(6)is it part of a scheduled allocation or revolving limit for the same
recipient that the chairman is authorized by the board of directors
to allocate:No
(7)outstanding balance (thousand NTD) up to the date of occurrence:
NT$533,476
(8)reason for new loan:
To renew annual contract of the cash pooling business of the company.
C.
(1)Funding recipient name:Yuen Foong Yu Paper Enterprise (Jiaxing) Co., Ltd.
(2)relationship with lender:Affiliates
(3)lending limit (thousand NTD):NT$8,642,017
(4)starting outstanding balance (thousand NTD):NT$0
(5)new loan (thousand NTD):NT$222,282
(6)is it part of a scheduled allocation or revolving limit for the same
recipient that the chairman is authorized by the board of directors
to allocate:No
(7)outstanding balance (thousand NTD) up to the date of occurrence:
NT$222,282
(8)reason for new loan:
To renew annual contract of the cash pooling business of the company.
D.
(1)Funding recipient name:
Yuen Foong Yu Paper Enterprise (Zhongshan) Co., Ltd., Yuen Foong Yu
Paper Enterprise (Dongguan) Co., Ltd., Yuen Foong Yu Papers (Xiamen)
Co., Ltd., Yuen Foong Yu Paper Enterprise (Shanghai) Co., Ltd., Yuen
Foong Yu Paper Enterprise (Kunshan) Co., Ltd., Yuen Foong Yu Paper
Enterprise (Suzhou) Co., Ltd.,Yuen Foong Yu Paper Enterprise (Nanjing)
Co., Ltd., Yuen Foong Yu Paper Enterprise (Tianjin) Co., Ltd., Yuen
Foong Yu Paper Enterprise (Qingdao) Co., Ltd., YFY Jupiter Trading
(Shenzhen) Ltd., Kunshan YFY Jupiter Green Packing Ltd.,YFY Jupiter
Supply Chain Management Services (Shenzhen) Limited, Yuen Foong Yu
Blue Economy Natural Resources (Yangzhou) Co., Ltd., totaled 13
companies.
(2)relationship with lender:Affiliates
(3)lending limit (thousand NTD):NT$8,642,017
(4)starting outstanding balance (thousand NTD):NT$0
(5)new loan (thousand NTD):NT$111,141
(6)is it part of a scheduled allocation or revolving limit for the same
recipient that the chairman is authorized by the board of directors
to allocate:No
(7)outstanding balance (thousand NTD) up to the date of occurrence:
NT$111,141
(8)reason for new loan:
To renew annual contract of the cash pooling business of the company.
E.
(1)Funding recipient name:Yuen Foong Yu Papers (Guangzhou) Co., Ltd.
(2)relationship with lender:Affiliates
(3)lending limit (thousand NTD):NT$432,101
(4)starting outstanding balance (thousand NTD):NT$0
(5)new loan (thousand NTD):NT$111,141
(6)is it part of a scheduled allocation or revolving limit for the same
recipient that the chairman is authorized by the board of directors
to allocate:No
(7)outstanding balance (thousand NTD) up to the date of occurrence:
NT$111,141
(8)reason for new loan:
To renew annual contract of the cash pooling business of the company.
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):No
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
(1)Capital accept loans to the company's most recent financial statements
(thousand):NT$14,285,323
(2)Accept the cumulative gain or loss amount (thousand) loans to the
company's most recent financial statements:-NT$9,587,664
5.Method of calculation of interest:2.60%
6.For repayment, the condition and the date:2024/3/31~2025/3/30
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):NT$24,310,970
8.The total amount of monetary loans extended to others as a percentage of
the public company’s net worth on the latest financial statements as of the
date of occurrence:43.21%
9.Sources of funds for the company to extend monetary loans to others:
Subsidiary itself
10.Any other matters that need to be specified:
The reason for this declaration of new loan and loan limitation is that
the initial cash pool arrangement of YFY Packaging (Yangzhou) Investment
Co., Ltd. has expired which requires to be renewed.

First loan arrangement is for Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd..
The loan amount with the company can not exceed RMB 1,300 million.

Second loan arrangement is for Yuen Foong Yu Paper Enterprise (Fuzhou) Co.,
Ltd.. The loan amount with the company can not exceed RMB 120 million.

Third loan arrangement is for Yuen Foong Yu Paper Enterprise (Jiaxing) Co.,
Ltd.. The loan amount with the company can not exceed RMB 50 million.

Fourth loan arrangement is for Yuen Foong Yu Paper Enterprise (Zhongshan)
Co., Ltd., Yuen Foong Yu Paper Enterprise (Dongguan) Co., Ltd., Yuen Foong
Yu Papers (Xiamen) Co., Ltd., Yuen Foong Yu Paper Enterprise (Shanghai) Co.,
Ltd., Yuen Foong Yu Paper Enterprise (Kunshan) Co., Ltd., Yuen Foong Yu
Paper Enterprise (Suzhou) Co., Ltd.,Yuen Foong Yu Paper Enterprise (Nanjing)
Co., Ltd., Yuen Foong Yu Paper Enterprise (Tianjin) Co., Ltd., Yuen Foong
Yu Paper Enterprise (Qingdao) Co., Ltd., YFY Jupiter Trading (Shenzhen)
Ltd., Kunshan YFY Jupiter Green Packing Ltd.,YFY Jupiter Supply Chain
Management Services (Shenzhen) Limited, Yuen Foong Yu Blue Economy Natural
Resources (Yangzhou) Co., Ltd.,totaled 13 companies. The loan amount with
these companies can not exceed RMB 25 million respectively.

Fifth loan arrangement is for Yuen Foong Yu Papers (Guangzhou) Co., Ltd..
The loan amount with this company can not exceed RMB 25 million.
Furthermore, the total loan amount can not exceed RMB 1,450 million .

The aforementioned loan arrangements and limitations are specifically for
the participating members of the cash pool arrangement of YFY Packaging
(Yangzhou) Investment Co., Ltd.. If YFY Packaging (Yangzhou) Investment
Co., Ltd. has any other non-cash pooling lending activities, it shall
be guided according to the ”Procedure for Lending of Funds with Other
Parties”. In addition, the lending shall be managed with the cash
pooling of YFY Packaging (Yangzhou) Investment Co., Ltd. and be
considered within its cash pooling limitation amount.

Capital (thousand):
A.Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd. :NT$10,807,801
B.Yuen Foong Yu Paper Enterprise (Fuzhou) Co., Ltd. :NT$183,978
C.Yuen Foong Yu Paper Enterprise (Jiaxing) Co., Ltd. :NT$183,978
D.
(1)Yuen Foong Yu Paper Enterprise (Zhongshan) Co., Ltd.:NT$220,783
(2)Yuen Foong Yu Paper Enterprise (Dongguan) Co., Ltd.:NT$220,717
(3)Yuen Foong Yu Papers (Xiamen) Co., Ltd.:NT$232,556
(4)Yuen Foong Yu Paper Enterprise (Shanghai) Co., Ltd.: NT$288,179
(5)Yuen Foong Yu Paper Enterprise (Kunshan) Co., Ltd.: NT$393,821
(6)Yuen Foong Yu Paper Enterprise (Suzhou) Co., Ltd.: NT$257,576
(7)Yuen Foong Yu Paper Enterprise (Nanjing) Co., Ltd.: NT$319,170
(8)Yuen Foong Yu Paper Enterprise (Tianjin) Co., Ltd.: NT$292,745
(9)Yuen Foong Yu Paper Enterprise (Qingdao) Co., Ltd.: NT$290,180
(10)YFY Jupiter Trading (Shenzhen) Ltd. :NT$11,053
(11) Kunshan YFY Jupiter Green Packing Ltd. :NT$8,891
(12)YFY Jupiter Supply Chain Management Services (Shenzhen) Limited:
NT$22,228
(13)Yuen Foong Yu Blue Economy Natural Resources (Yangzhou) Co., Ltd.:
NT$220,241
E.Yuen Foong Yu Papers (Guangzhou) Co., Ltd. : NT$331,426

Accumulated profit/loss (thousand):
A.Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd. :-NT$9,849,536
B.Yuen Foong Yu Paper Enterprise (Fuzhou) Co., Ltd. :-NT$514,257
C.Yuen Foong Yu Paper Enterprise(Jiaxing) Co., Ltd. :-NT$131,004
D.
(1)Yuen Foong Yu Paper Enterprise (Zhongshan) Co., Ltd.:NT$166,227
(2)Yuen Foong Yu Paper Enterprise (Dongguan) Co., Ltd.:NT$24,918
(3)Yuen Foong Yu Papers (Xiamen) Co., Ltd.:NT$1,823
(4)Yuen Foong Yu Paper Enterprise (Shanghai) Co., Ltd.:NT$70,348
(5)Yuen Foong Yu Paper Enterprise (Kunshan) Co., Ltd.:NT$19,801
(6)Yuen Foong Yu Paper Enterprise (Suzhou) Co., Ltd.:-NT$31,644
(7)Yuen Foong Yu Paper Enterprise (Nanjing) Co., Ltd.: NT$181,893
(8)Yuen Foong Yu Paper Enterprise (Tianjin) Co., Ltd.:NT$138,059
(9)Yuen Foong Yu Paper Enterprise (Qingdao) Co., Ltd.:NT$137,317
(10)YFY Jupiter Trading (Shenzhen) Ltd. :NT$168,637
(11)Kunshan YFY Jupiter Green Packing Ltd. :NT$73,593
(12)YFY Jupiter Supply Chain Management Services (Shenzhen) Limited:
NT$23,486
(13)Yuen Foong Yu Blue Economy Natural Resources (Yangzhou) Co., Ltd.:
-NT$111,830
E.Yuen Foong Yu Papers (Guangzhou) Co., Ltd. :NT$44,505