Material Information

2018-06-21

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

1.Date of the shareholders' meeting resolution:2018/06/21
2.Name and title of the director with permission to engage in competitive
conduct:
Shin-Yi Enterprise Co., Ltd. /Juristic-person Director
Yuen Foong Paper Co., Ltd. /Juristic-person Director
Felix Ho /Director
S. C. Ho /Director
Richard Ho /Director
Kirk Huang/Director
Victor C. Wang /Director
Alan Chien/Director
Wen-Cheng Huang/ Independent Director
Thomas Chen/ 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 the voting
under Article 209 of the Company Act):
Proposal approved upon voting
6.If the permitted competitive conduct is business of a mainland China area
enterprise, the name and title of the director (if it is not business of a
mainland China area enterprise, please enter ”not applicable” below):
Felix Ho /Director
S. C. Ho /Director
Kirk Huang/Director
7.Company name of the mainland China area enterprise and the director's
position in the enterprise:
Felix Ho /
Director, Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd.
Chairman, YFY Packaging (Yangzhou) Investment Co., Ltd.
Chairman, YFY Investment Co., Ltd.
Chairman, Arizon RFID Technology (Yangzhou) Co., Ltd.
Director, Shanghai Yuen Foong Yu International Co., Ltd.
S. C. Ho /
Director, Arizon RFID Technology (Yangzhou) Co., Ltd.
Kirk Huang/
Director, Guangdong Ding Feng Pulp & Paper Co., Ltd.
Director, Zhaoqing Ding Feng Forestry Ltd.
8.Address of the mainland China area enterprise:
Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd./ No.168, Chunjiang Road,
Yangzhou Economic Development Area, Jiangsu Province
YFY Packaging (Yangzhou) Investment Co., Ltd./ No.168, Chunjiang Road,
Yangzhou Economic Development Area, Jiangsu Province
Yuen Foong Yu Investment Co., Ltd./ Room 301, 3F, Honghui.
Xinhuiyuan, no. 6, lane 4718, Gonghexin Road, Jing 'an district, Shanghai
Arizon RFID Technology (Yangzhou) Co., Ltd. /No. 88 Wuzhou E. Rd.,
Economic Development Park, Yangzhou, Jiangsu Province
Shanghai Yuen Foong Yu International Co., Ltd. /Room 4029, 4F, No.
173 Meisheng Rd., Pilot Free Trade Zone, Shanghai
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
9.Business items of the mainland China area enterprise:
Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd.
/ Production and sale of paper and cardboard
YFY Packaging (Yangzhou) Investment Co., Ltd.
/ Investment and holding and paper trading
Yuen Foong Yu Investment Co., Ltd.
/ Investment and holding and sale of paper
Arizon RFID Technology (Yangzhou) Co., Ltd./ Sale and design RFID products
Shanghai Yuen Foong Yu International Co., Ltd./ Trading business
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
10.Degree of effect on the Company's finances and business:NA
11.If the director has invested in the mainland China area enterprise, the
monetary amount of the director's investment and the director's
shareholding ratio:NA
12.Any other matters that need to be specified:none