Material Information

2021-02-26

YFY Inc. announces the Board's resolution of convening 2021 annual general shareholders' meeting

1.Date of the board of directors' resolution:2021/02/26
2.Shareholders meeting date:2021/05/17
3.Shareholders meeting location:5F, No.24, Sec. 1, Hangzhou S. Rd., Taipei,
Taiwan (GIS MOTC Convention Center)
4.Cause for convening the meeting (1)Reported matters:
a. Report of 2020 business & financial statements
b. Audit Committee report of 2020 audited financial report
c. Report of the employees & directors' remuneration for year 2020
d. Report the share release plan by installments of the subsidiary,
Yuen Foong Yu Consumer Products., Ltd., to conduct its IPO plan
5.Cause for convening the meeting (2)Acknowledged matters:
a. Ratification of operating reports and financial statements for year 2020
b. Ratification of earnings appropriation for year 2020
6.Cause for convening the meeting (3)Matters for Discussion:
a. Amendment to the Operational Procedures for Loaning Funds to Others
b. Amendment to the Operational Procedures for Making of Endorsements/
Guarantees
7.Cause for convening the meeting (4)Election matters:
To elect the Company’s 28th directors and independent directors
8.Cause for convening the meeting (5)Other Proposals:
To release the directors elected from non-competition restrictions
9.Cause for convening the meeting (6)Extemporary Motions:Extemporary Motions
10.Book closure starting date:2021/03/19
11.Book closure ending date:2021/05/17
12.Any other matters that need to be specified:
A. According to article 172-1 of Company Act, if shareholders with over 1%
holding would like to submit the proposals, the Company will accept the
proposals from 2021/03/12 to 2021/03/22. The place for submission:
YFY Inc. / Stock Affairs (14F, No. 51, Sec. 2 Chung Ching South Rd.
Taipei, Taiwan)
B. According to article 192-1 of Company Act, if shareholders with over 1%
holding would like to submit the director candidates, the Company will
accept the nomination from 2021/03/12 to 2021/03/22. The place for
submission: YFY Inc. / Stock Affairs (14F, No. 51, Sec. 2 Chung Ching
South Rd. Taipei, Taiwan)
C. Shareholders may exercise their rights through electronic vote during
2021/04/17 to 2021/05/14. Please follow the instruction shown on the
website “stockvote” of Taiwan Depository & Clearing Corporation for
proceeding.