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2021-04-20
1.Company applying for listing and trading in an overseas securities market:
Arizon RFID Technology Co., Ltd.
2.Relationship to the Company and shareholding percentage (or capital
contribution percentage) thereof:The subsidiary; 86.51%
3.Review results of application for listing and trading in an overseas
securities market:NA
4.Countermeasures:Please refer to item 5.
5.Any other matters that need to be specified:
The subsidiary of YFY Inc., Arizon RFID Technology Co., Ltd., applied to
be listed on Shanghai Stock Exchange. Due to the Company's board of
directors will be elected in the coming Annual General Meeting on
2021/05/17, and there will have changes from the application filed.
According to the listing application practice in China, the relevant
documents must be prepared again, so the board of Arizon RFID Technology
Co., Ltd. resolved at the meeting on 4/20 to withdraw the listing
application.
The temporary suspension of the subsidiary's application for listing in
China will not have significant impact on the Company's finances and
business. The Company will flexibly plan the subsidiary's listing plans
in accordance with the financial and business development