Material Information

2021-05-17

YFY Inc. announces the resolution of shareholders' meeting of releasing directors from non-competition restrictions

1.Date of the shareholders meeting resolution:2021/05/17
2.Name and title of the director with permission to engage in competitive
conduct:
Yuen Foong Paper Co., Ltd. /Juristic-person Director
Wille Tsai/ Director
Kirk Hwang/ Director
Shin-Yi Enterprise Co., Ltd. /Juristic-person Director
Chin-San Wang/ Director
Chun-Chieh Huang/ Director
Hsi-Peng Lu/ Independent Director
Jin-Li Hu / Independent Director
3.Items of competitive conduct in which the director is permitted to engage:
Positions of directors in companies with the same or similar scope of
business to YFY Inc.
4.Period of permission to engage in the competitive conduct:
Permission valid until re-election
5.Circumstances of the resolution (please describe the results of voting in
accordance with Article 209 of the Company Act):
Proposal approved upon voting
6.If the permitted competitive conduct belongs to the operator of a mainland
China area enterprise, the name and title of the directors
(if it is not the operator of a Mainland-area enterprise, please enter
“N/A” below):
Kirk Hwang/ Director
Chun-Chieh Huang/ Director
7.Company name of the mainland China area enterprise and the director's
position in the enterprise:
Kirk Hwang/
Director, Guangdong Ding Feng Pulp & Paper Co., Ltd.
Director, Zhaoqing Ding Feng Forestry Ltd.
Chun-Chieh Huang/
Director, Vicoretek Nangjin Limited Company
8.Address of the mainland China area enterprise:
Guangdong Ding Feng Pulp & Paper Co., Ltd./ Shouyue Village,
Nanjie Township, Guangning County, Zhaoqing, Guangdong Province
Zhaoqing Ding Feng Forestry Ltd. / Shouyue Village, Nanjie Township,
Guangning County, Zhaoqing, Guangdong Province
Vicoretek Nangjin Limited Company / Room 220-304, Floor 2, Kechuang
Center, No. 1, Xiankun Road, Jianye District, Nanjing
9.Operations of the mainland China area enterprise:
Guangdong Ding Feng Pulp & Paper Co., Ltd./ Pulp and paper production,
trading and forestry business
Zhaoqing Ding Feng Forestry Ltd./ Seedling cultivation and sales,
reforestation, sales-cum-forest logging and other forestry,
processing and transportation
Vicoretek Nangjin Limited Company / Semiconductor, electronic
products, chips, communication product design, technology research
and development, technical service, sales and after-sales service;
computer software and hardware technology research and development,
technical service, sales and after-sales service
10.Impact on the company's finance and business:None
11.If the directors have invested in the mainland China area enterprise,
the monetary amount of the investment and their shareholding ratio:None
12.Any other matters that need to be specified:None