Material Information

2021-07-14

YFY Inc. announced on behalf of YFY Packaging Inc. for the board's resolution to acquire the land and plant in Taoyuan City

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):
Acquire lands and buildings located at Yong-an section, including Sublot
No. 897 for 15 items in Xinwu District, Taoyuan City
2.Date of occurrence of the event:2021/07/14
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Land area is approximately 19,734.39 square meters (equivalent to 5,969.65
ping), building area is approximately 17,381.76 square meters (equivalent to
5,257.98 ping) and the total transaction amount is NTD 500 million.
4.Trading counterparty and its relationship with the Company (if the trading
counterparty is a natural person and furthermore is not a related party of
the Company, the name of the trading counterparty is not required to be
disclosed):
The trading counterparty: Apple Daily Publication Development Limited
Related party of the company: None
5.Where the trading counterparty is a related party, announcement shall also
be made of the reason for choosing the related party as trading counterparty
and the identity of the previous owner, its relationship with the Company
and the trading counterparty, and the previous date and monetary amount of
transfer:The trading counterparty:Not applicable
6.Where an owner of the underlying assets within the past five years has
been a related party of the Company, the announcement shall also include the
date and price of acquisition and disposal by the related party, and its
relationship with the Company at the time of the transaction:Not applicable
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):Not applicable
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
Terms of payment:
1st installments: 20%
2nd installments: 20%
3rd installments: 60%
9.The manner of deciding on this transaction (such as invitation to tender,
price comparison, or price negotiation), the reference basis for the
decision on price, and the decision-making unit:
Decided manner of the transaction: Price negotiation
The reference basis of the price: Reference market value and appraisal of
the real estate
Decision-making unit: The Board of YFY Packaging Inc.
10.Name of the professional appraisal firm or company and
its appraisal price:
Cushman & Wakefield Real Estate Appraiser Office, appraisal price at
NTD 588,917,422.
11.Name of the professional appraiser: Appraiser Ken-Yuan Li
12.Practice certificate number of the professional appraiser:
(94) TCG_NO.000079
13.The appraisal report has a limited price, specific price,
or special price:Not applicable
14.An appraisal report has not yet been obtained:Not applicable
15.Reason for an appraisal report not being obtained:Not applicable
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:Not applicable
17.Name of the CPA firm:Not applicable
18.Name of the CPA:Not applicable
19.Practice certificate number of the CPA:Not applicable
20.Broker and broker's fee:
The Broker is Taiwan branch of COLLIERS INTERNATIONAL CONSULTANTS
LIMITED
The brokerage fee is based on the general consignment sales contract
agreement
21.Concrete purpose or use of the acquisition or disposal:
The company plans to expand operations of paper production.
22.Any dissenting opinions of directors to the present transaction: None
23.Whether the counterparty of the current transaction is a
related party:No
24.Date of the board of directors resolution:Not applicable
25.Date of ratification by supervisors or approval by
the audit committee:NA
26.The transaction is to acquire a real property or right-of-use
asset from a related party:No
27.The price assessed in accordance with the Article 16 of the
Regulations Governing the Acquisition and Disposal of Assets
by Public Companies:Not applicable
28.Where the above assessed price is lower than the transaction price,
the price assessed in accordance with the Article 17 of the same
regulations:Not applicable
29.Any other matters that need to be specified:None