YFY : On behalf of Arizon RFID Technology (Cayman), YFY Inc. announced the 1st 2022 Special Shareholders’meeting of releasing directors from non-competition restrictions

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Provided by: YFY Inc.
SEQ_NO	4	Date of announcement	2022/07/11	Time of announcement	17:07:30
Subject	On behalf of Arizon RFID Technology (Cayman), YFY Inc. announced the 1st 2022 Special Shareholders'meeting of releasing directors from non-competition restrictions
Date of events	2022/07/11	To which item it meets	paragraph 21
Statement	1.Date of the shareholders meeting resolution:2022/07/11 2.Name and title of the director with permission to engage in competitive conduct: Felix Ho /Representative Director of YFY Global Investment B.V. Bing-Yi Lin /Director Hong-Shi Wen /Representative Director of YFY Development Corp. David Lo /Representative Director of YFY Paradigm Investment Co., Ltd. Brian Lee/ Independent Director Brade Lei/ Independent Director Scott Soong /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 Arizon RFID Technology (Cayman) Co., Ltd. 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 voting in accordance with Article 209 of the Company Act): The number of approval votes account for majority of the total votes of all shareholders present, and the proposal was approved after voting 6.If the permitted competitive conduct belongs to the operator of a mainland China area enterprise, the name and title of the directors (if it is not the operator of a Mainland-area enterprise, please enter "N/A" below): Felix Ho /Representative Director of YFY Global Investment B.V. Bing-Yi Lin /Director Hong-Shi Wen/ Representative Director of YFY Development Corp. 7.Company name of the mainland China area enterprise and the director's position in the enterprise: Felix Ho/ Chairman of YFY Investment Co., Ltd., Chairman of Arizon RFID Technology Co., Ltd. Bing-Yi Lin/ General Manager of Arizon RFID Technology Co., Ltd., Chairman of Yeon Technologies (Yangzhou) Co., Ltd Hong-Shi Wen / CEO of Arizon RFID Technology Co., Ltd., General Manager of Yeon Technologies (Yangzhou) Co., Ltd 8.Address of the mainland China area enterprise: Yuen Foong Yu Investment Co., Ltd./Room 301, 3F, Honghui.Xinhuiyuan, no. 6, lane 4718, Gonghexin Road, Jing 'an district, Shanghai Arizon RFID Technology Co., Ltd./ No. 88 Wuzhou E. Rd., Economic Development Park, Yuangzhou, Jiangsu Yeon Technologies (Yangzhou) Co., Ltd/ No. 88 Wuzhou E. Rd., Economic Development Park, Yuangzhou, Jiangsu 9.Operations of the mainland China area enterprise: Yuen Foong Yu Investment Co., Ltd. / Investment and holding and sale of paper Arizon RFID Technology Co., Ltd. / Production of various high-frequency and ultra-high frequency RFID INLAY and label cards. Yeon Technologies (Yangzhou) Co., Ltd. / Design and distribution of RFID and related assemblies, as well as smart identification systems and reception antennas 10.Impact on the company's finance and business: None 11.If the directors have invested in the mainland China area enterprise, the monetary amount of the investment and their shareholding ratio: None 12.Any other matters that need to be specified: None