YFY Cayman Co., Ltd. announced that it will issue 7,000,000 shares at an issue price of $1 per share for proceeds of $7,000,000 on November 10, 2022. The transaction will include participation from returning investor YFY Inc. to retain its 100% stake. The transaction is expected to close between November 15, 2022 and December 31, 2022.

The transaction has been approved by the board of directors of YFY Inc., the parent of the company.