On behalf of Yuen Foong Yu Paper Enterprise
(Vietnam) Co., Ltd., YFY Inc. announced the Board's
resolution on the capital increase by cash
Date of events
2022/07/20
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/07/20
2.Source of capital increase funds:
capital increase by cash from parent company Willpower Industries Ltd.
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
No
4.Total monetary value of the issuance and number of shares issued (shares
issued not including those distributed to employees if consisting in
capital increase from earnings or capital surplus):
USD 3,600,000/ 3,600,000 shares
5.If adopting shelf registration, monetary value and number of shares
to be issued this time: Not applicable
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:Not applicable
7.Par value per share:USD 1 per share
8.Issue price:Not applicable
9.Number of shares subscribed for by or allocated to employees:Not applicable
10.Number of shares publicly sold:Not applicable
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:100%
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:Not applicable
13.Rights and obligations of these newly issued shares:
The rights and obligations of the new shares issuance are the same as those
of the original shares
14.Utilization of the funds from the capital increase:
Working capital for business development in Vietnam
15.Any other matters that need to be specified:
The record date of the transaction is 2022/09/26
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YFY Inc. published this content on 20 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2022 09:23:03 UTC.
YFY Inc is a Taiwan-based investment holding company mainly engaged in the paper business. The Company operates through four business segments. The Forest Pulp and Paper Business segment is engaged in the manufacture, sales and agency of pulp, paper and cardboards. Industrial Paper and Paperware Business segment is engaged in the manufacture, sales and agency of industrial cardboard and cartons. Consumer Goods Business segment is engaged in the manufacture, sales and agency of household paper and cleaning products. Other Business segment is engaged in the manufacture, sales and agency of electronic related products and the manufacture and sales of chemical products.
YFY INC. 
