Today's Information

Provided by: YFY Inc.
SEQ_NO 1 Date of announcement 2022/03/11 Time of announcement 16:31:39
Subject 
 On behalf of Yuen Foong Yu Paper Enterprise
(Zhongshan) Co., Ltd., YFY Inc. announced the lending
funds to its affiliates
Date of events 2022/03/11 To which item it meets paragraph 23
Statement 
1.Date of occurrence of the event:2022/03/11
2.Funding recipient name, relationship with lender, lending limit
(thousand NTD), starting outstanding balance (thousand NTD), new loan
(thousand NTD), is it part of a scheduled allocation or revolving limit for
the same recipient that the chairman is authorized by the board of directors
to allocate, outstanding balance (thousand NTD) up to the date of
occurrence, reason for new loan (thousand NTD):
A.
(1)Funding recipient name:Yuen FoongYu Paper MFG (Yangzhou) Co., Ltd.
(2)relationship with lender:Affiliates
(3)lending limit (thousand NTD):NT$2,208,284
(4)starting outstanding balance (thousand NTD):NT$0
(5)new loan (thousand NTD):NT$1,104,142
(6)is it part of a scheduled allocation or revolving limit for the same
   recipient that the chairman is authorized by the board of directors
   to allocate:No
(7)outstanding balance (thousand NTD) up to the date of occurrence:
   NT$1,104,142
(8)reason for new loan:
   To renew annual contract of the cash pooling business of the company.
B.
(1)Funding recipient name:YFY Packaging (Yangzhou) Investment Co., Ltd.
(2)relationship with lender:Affiliates
(3)lending limit (thousand NTD):NT$2,208,284
(4)starting outstanding balance (thousand NTD):NT$0
(5)new loan (thousand NTD):NT$1,104,142
(6)is it part of a scheduled allocation or revolving limit for the same
   recipient that the chairman is authorized by the board of directors
   to allocate:No
(7)outstanding balance (thousand NTD) up to the date of occurrence:
   NT$1,104,142
(8)reason for new loan:
   To renew annual contract of the cash pooling business of the company.
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):No
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
the capital (thousand NTD):NT$18,078,606
the cumulative gains/losses(thousand NTD):-NT$15,152,666
5.Method of calculation of interest:3.25%
6.For repayment, the condition and the date:2022/3/31~2023/3/30
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):NT$23,564,574
8.The total amount of monetary loans extended to others as a percentage of
the public company's net worth on the latest financial statements as of the
date of occurrence:48.69%
9.Sources of funds for the company to extend monetary loans to others:
 Subsidiary itself
10.Any other matters that need to be specified:
Should the company have any non-cash pooling lending activities with Yuen
Foong Yu Paper MFG (Yangzhou) Co., Ltd., YFY  Packaging  (Yangzhou)
Investment Co., Ltd. or other companies, it shall be guided according to
the "Procedures for Lending of Funds to Other Parties" of the company.
Furthermore, the lending shall be managed with the cash pooling of Yuen
Foong Yu Paper MFG (Yangzhou) Co., Ltd. & YFY  Packaging  (Yangzhou)
Investment Co., Ltd. and be considered within its cash pooling
limitation amount.

Capital (thousand):
A. Yuen FoongYu Paper MFG (Yangzhou) Co., Ltd. : NT$7,553,748
B. YFY Packaging (Yangzhou) Investment Co., Ltd.: NT$10,524,858

Accumulated profit/loss (thousand):
A. Yuen FoongYu Paper MFG (Yangzhou) Co., Ltd. : -NT$7,412,324
B. YFY Packaging (Yangzhou) Investment Co., Ltd. :-NT$7,740,342

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YFY Inc. published this content on 11 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2022 08:35:07 UTC.