Material Information

2021-12-16

YFY Inc. announced on behalf of YFY Packing (Yangzhou) Investment Co., Ltd. to increase capital by earnings due to YFY Group’s investment restructuring

1.Date of the board of directors resolution:2021/12/16
2.Source of capital increase funds:
From the shares of 12 subsidiaries held by YFY Mauritius Corp.

Company Name Amount (USD)
Yuen Foong Yu Paper MFG (Yangzhou) Co.,Ltd. 158,000,000.00
Yuen Foong Yu (Guangzhou) Paper Co., Ltd. 8,906,250.00
Yuen Foong Yu (Zhongshan) Paper Co., Ltd. 6,000,000.00
Yuen Foong Yu (Dongguan) Paper Co., Ltd. 6,000,000.00
Yuen Foong Yu (Xiamen) Paper Co., Ltd. 6,500,000.00
Yuen Foong Yu (Kunshan) Paper Co., Ltd. 11,000,000.00
Yuen Foong Yu (Suzhou) Paper Co., Ltd. 7,000,000.00
Yuen Foong Yu (Nanjing) Paper Co., Ltd. 8,958,825.93
Yuen Foong Yu (Shanghai) Paper Co., Ltd. 8,000,000.00
Yuen Foong Yu (Jiaxing) Paper Co., Ltd. 5,000,000.00
Yuen Foong Yu (Qingdao) Paper Co., Ltd. 8,000,000.00
Yuen Foong Yu (Tianjin) Paper Co., Ltd. 8,000,000.00
3.Number of shares issued (not including those distributed to employees if
consisting in capital increase from earnings or capital surplus) :
241,365,075.93 shares
4.Par value per share:US $1 per share
5.Total monetary value of the issuance:USD $241,365,075.93
6.Issue price:Not applicable
7.Number of shares subscribed for by or allocated to employees:None
8.Number of shares publicly sold:None
9.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:100%
10.Handling method for fractional shares and shares unsubscripted for by
the deadline:None
11.Rights and obligations of these newly issued shares:None
12.Utilization of the funds from the capital increase:
YFY Group’s investment restructuring.
13.Any other matters that need to be specified:
The record date of the transaction is 2021/12/16