Material Information

2021-09-17

Announced by YFY Inc. on behalf of Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd. for the change of its directors

1.Date of occurrence of the change:2021/09/17
2.Elected or changed position (Please enter institutional director,
institutional supervisor, independent director, natural-person director or
natural-person supervisor):Institutional director
3.Title and name of the previous position holder:
Tsung-Min Chang/ Director
Tse-Hsiang Chang / Director
Jui-Hung Wang / Director
Ching-San Chang / Director
Chih- Ling Yu/ Director
Yu-Chi Lee/ Director
Nai-Yung Tsai/ Director
4.Resume of the previous position holder:
Tsung-Min Chang/Director, Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd.
Tse-Hsiang Chang / Director, Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd.
Jui-Hung Wang / Director, Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd.
Ching-San Chang / Director, Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd.
Chih- Ling Yu/ Director, Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd.
Yu-Chi Lee/ Director, Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd.
Nai Yung Tsai/ Director, Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd.
5.Title and name of the new position holder:Tsung-Min Chang/ Chairman
6.Resume of the new position holder:
Tsung-Min Chang/Director, Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd.
7.Circumstances of change (Please enter “resignation”, “dismissal”,
“term expired”, “death” or “new appointment”):
Change of organizational structure
8.Reason for the change:Structure of organization had been changed from the
broad of directors to company chairman
9.Number of shares held by the new position holder when elected:0 shares
10.Original term (from __________ to __________):Not applicable
11.Effective date of the new appointment:2021/09/17
12.Turnover rate of directors of the same term:Not applicable
13.Turnover rate of independent directors of the same term:Not applicable
14.Turnover rate of supervisors of the same term:Not applicable
15.Change in one-third or more of directors (Please enter “Yes” or
“No”):Yes
16.Any other matters that need to be specified:
YFY Inc. held the shares indirectly of Yuen Foong Yu Paper Enterprise
(Vietnam) Co., Ltd. increased from 55.16% to 100%