YFY : announced on behalf of YFY Global Investment B.V., the board’s resolution on the disposition shares of Arizon RFID Technology (Cayman)

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Provided by: YFY Inc.
SEQ_NO	2	Date of announcement	2022/08/12	Time of announcement	16:57:23
Subject	YFY Inc. announced on behalf of YFY Global Investment B.V., the board's resolution on the disposition shares of Arizon RFID Technology (Cayman)
Date of events	2022/08/12	To which item it meets	paragraph 20
Statement	1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):Common shares of Arizon RFID Technology (Cayman) Co., Ltd. (hereinafter called "Arizon KY") 2.Date of occurrence of the event:2022/08/12 3.Amount, unit price, and total monetary amount of the transaction: (1) Volume: 200,000 shares Unit price: NTD$ 70.0 per share Amount: 14,000,000 (2) Volume: 10,100,000 shares Auction upset price: NTD$ 70.0 per share Amount: no less than NTD$ 707,000,000 The monetary consideration of these transactions shall not be less than NTD$ 721,000 thousands in total. 4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed): (1) YFY Paradigm Investment Co., Ltd., and YFY Development Corp. are 100% own subsidiaries of YFY Inc. (2) Financial investors 5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer: The transactions involved with related party act as part of pre-listing preparation which are in compliance with all applicable regulations. 6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction: Previous Owner: YFY RFID Co., Ltd. (100% subsidiary of Arizon KY) Arizon KY paid-in Capital: NTD 10 Arizon KY shares issued: 1 share Shares in transaction: 1 share Price: NTD 10 YFY Global acquired shares date: 2022/01/10 Previous Owner: YFY Global(100% subsidiary of YFY Inc.) Arizon KY paid-in Capital: NTD 650,000,000 Arizon KY shares issued: 65,000,000 Shares acquired: 56,244,934 shares Price: NTD 3,089,755,631 YFY Global acquired shares date: 2022/01/28 7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):Not Applicable 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):Not Applicable 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:Per the term agree 10.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: (1) Invitation to tender: Invite YFY Inc.'s 100% owned subsidiaries Price comparison: Per the fairness opinion report issued by RSM Taiwan CPA firm Price negotiation: By the board of directors of YFY Global (2) Invitation to tender: Invite financial investors Price comparison: Per the fairness opinion report issued by RSM Taiwan CPA firm Price negotiation: By the board of directors of YFY Global 11.Net worth per share of the Company's underlying securities acquired or disposed of:NTD 57.40 per share by the Mar, 31st, 2022 (audited) 12.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment: Company Name: YFY Global Volume: 45,944,935 shares Amount: NTD 2,676,902,109 Shareholding percentage: 69.55% Status of any restrictions of rights: None 13.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present: Current ratio of long term securities investment to total asset: 3.64% Current ratio of long term securities investment to shareholder's equity: 4.99% The operating capital: NTD -2,263,372 thousands 14.Broker and broker's fee:Not Applicable 15.Concrete purpose or use of the acquisition or disposal: To comply with the IPO regulations. 16.Any dissenting opinions of directors to the present transaction:None 17.Whether the counterparty of the current transaction is a related party: In the transactions involved with the related parties, the related counterparty are YFY Paradigm Investment Co., Ltd., and YFY Development Corp.. In the transactions involved with the financial investors, the counterparty is not a related party. 18.Date of the board of directors resolution:2022/08/12 19.Date of ratification by supervisors or approval by the Audit Committee:2022/08/10 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:None 21.Name of the CPA firm:RSM Taiwan 22.Name of the CPA: Chen, Tung-Chang 23.Practice certificate number of the CPA: Certificate No.2524 issued by Taiwan Provincial CPA Association 24.Whether the transaction involved in change of business model:No 25.Details on change of business model:Not Applicable 26.Details on transactions with the counterparty for the past year and the expected coming year:Not Applicable 27.Source of funds:Not Applicable 28.Any other matters that need to be specified:None