Material Information

2018-11-13

YFY Inc. and subsidiaries report endorsement guarantees to affiliates

1.Date of occurrence of the event:2018/11/13
2.The company name of the party for whom the endorsements/guarantees
were made; its relationship with the Company; the ceiling on the
endorsements/guarantees;the original amount of endorsements/guarantees;
the amount of the current additional endorsements/guarantees;
the amount of endorsements/guarantees as of the date of occurrence
of the event; the actual loaned amount of the company who was made
the endorsements/guarantees; the reason for the current additional
endorsements/guarantees:
A.
(1) company : Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd.
(2) its relationship with the Company: Affiliates
(3) the ceiling on the endorsements/guarantees (thousand):NT$49,846,761-
(4) the original amount of endorsements/guarantees(thousand):NT$1,882,243-
(5) the amount of the current additional endorsements/guarantees (thousand):
NT$309,550-
(6) the amount of endorsements/guarantees as of the date of occurrence of
the event (thousand):NT$2,191,793-
(7) the actual loaned amount of the company who was made the endorsements/
guarantees(thousand) : NT$490,739-
(8) the reason for the current additional endorsements/guarantees:
With YFY, Inc. as the guarantor, Yuen Foong Yu Paper Mfg(Yangzhou)
Co.,Ltd. obtained various credit lines.
B.
(1) company : YFY Capital Co., Ltd.
(2) its relationship with the Company: Affiliates
(3) the ceiling on the endorsements/guarantees (thousand):NT$49,846,761-
(4) the original amount of endorsements/guarantees(thousand):NT$1,400,000-
(5) the amount of the current additional endorsements/guarantees (thousand):
NT$1,100,000-
(6) the amount of endorsements/guarantees as of the date of occurrence of the
event (thousand): NT$2,500,000-
(7) the actual loaned amount of the company who was made the endorsements/
guarantees(thousand) : NT$1,810,000-
(8) the reason for the current additional endorsements/guarantees:
YFY Inc. co-sign the promissory note to assist YFY Capital Co., Ltd.
to acquire credit facilities for its working capital.
C.
(1) company : YFY International BVI Corp.
(2) its relationship with the Company: Affiliates
(3) the ceiling on the endorsements/guarantees (thousand): NT$49,846,761-
(4) the original amount of endorsements/guarantees(thousand): NT$2,081,724-
(5) the amount of the current additional endorsements/guarantees (thousand):
NT$1,773,458-
(6) the amount of endorsements/guarantees as of the date of occurrence of
the event (thousand): NT$3,855,182-
(7) the actual loaned amount of the company who was made the endorsements/
guarantees(thousand) : NT$388,052-
(8) the reason for the current additional endorsements/guarantees:
YFY Inc. co-sign the promissory note to assist Lotus YFY International
BVI Corp. to acquire credit facilities for its working capital.
D.
(1) company : YFY (Shanghai) Financial Services Co., Ltd.
(2) its relationship with the Company: Affiliates
(3) the ceiling on the endorsements/guarantees (thousand): NT$49,846,761-
(4) the original amount of endorsements/guarantees(thousand): NT$407,961-
(5) the amount of the current additional endorsements/guarantees (thousand):
NT$133,339-
(6) the amount of endorsements/guarantees as of the date of occurrence of the
event (thousand): NT$541,300-
(7) the actual loaned amount of the company who was made the endorsements/
guarantees(thousand) : NT$146,672-
(8) the reason for the current additional endorsements/guarantees:
YFY Inc. co-sign the promissory note to assist YFY (Shanghai) Financial
Services Co., Ltd. to acquire credit facilities for its working capital.
E.
(1) company : YFY Jupiter (BVI) Inc.
(2) its relationship with the Company: Affiliates
(3) the ceiling on the endorsements/guarantees (thousand): NT$49,846,761-
(4) the original amount of endorsements/guarantees(thousand): NT$ 0-
(5) the amount of the current additional endorsements/guarantees (thousand):
NT$309,550-
(6) the amount of endorsements/guarantees as of the date of occurrence of the
event (thousand): NT$309,550-
(7) the actual loaned amount of the company who was made the endorsements/
guarantees(thousand) : NT$92,865-
(8) the reason for the current additional endorsements/guarantees:
YFY Inc. co-sign the promissory note to assist YFY Jupiter (BVI) Inc.
to acquire credit facilities for its working capital.
F.
(1) company : YFY Jupiter Ltd.
(2) its relationship with the Company: Affiliates
(3) the ceiling on the endorsements/guarantees (thousand): NT$49,846,761-
(4) the original amount of endorsements/guarantees(thousand): NT$132,000-
(5) the amount of the current additional endorsements/guarantees (thousand):
NT$154,654-
(6) the amount of endorsements/guarantees as of the date of occurrence of the
event (thousand): NT$286,654-
(7) the actual loaned amount of the company who was made the endorsements/
guarantees(thousand) : NT$92,865-
(8) the reason for the current additional endorsements/guarantees:
YFY Inc. co-sign the promissory note to assist YFY Jupiter Ltd. to
acquire credit facilities for its working capital.
3.Content and value of collaterals provided by the party
for whom the endorsements/guarantees were made:No
4.Capital and accumulated profit/loss for whom the endorsements/guarantees
were made according to its latest financial report:No
5.Terms/conditions and date of release of the Company's
endorsement/guarantee obligations:
Financing terms and maturity date according to individual bank facilities.
6.The total amount of ceiling on endorsement/guarantee:
(thousand)NT $ 66,462,348-
7.The total amount of endorsements/guarantees as of the date
of occurrence of the event: (thousand)NT $ 23,972,969-
8.The ratio of the amount of endorsements/guarantees to the
Company's net worth according to the latest financial report
as of the date of occurrence of the event:66.29
9.The ratio of the aggregate amount of long term
investments, endorsements/guarantees, and monetary loans
extended to others to the Company's net worth according
to the latest financial report:169.92
10.Any other matters that need to be specified:
Capital (thousand):
(1)Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd. NT$7,007,846
(2)YFY Capital Co., Ltd. NT$268,400
(3)YFY International BVI Corp. NT$17,956,965
(4)YFY (Shanghai) Financial Services Co., Ltd. NT$222,231
(5)YFY Jupiter (BVI) Inc. NT$36,805
(6)YFY Jupiter Ltd. NT$--

Accumulated profit/loss (thousand):
(1)Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd. -NT$3,973,228
(2)YFY Capital Co., Ltd. NT$67,331
(3)YFY International BVI Corp. NT$2,499,957
(4)YFY (Shanghai) Financial Services Co., Ltd. NT$70,576
(5)YFY Jupiter (BVI) Inc. NT$323,696
(6)YFY Jupiter Ltd. NT$164,062