Today's Information |
Provided by: YFY Inc. | |||||
SEQ_NO | 3 | Date of announcement | 2021/12/16 | Time of announcement | 17:52:32 |
Subject | YFY Inc. announced on behalf of YFY Mauritius Corp. to acquired the shares of YFY Packaging (Yangzhou) Investment Co., Ltd. due to investment restructuring | ||||
Date of events | 2021/12/16 | To which item it meets | paragraph 20 | ||
Statement | 1.Date of occurrence of the event:2021/12/16 2.Method of the current increase (decrease) in investment: Based on the value at the shares of 12 subsidiaries 3.Amount, unit price, and total monetary amount of the transaction: The total shares of 12 subsidiaries are 241,365,075.93.By calculating US $1 per share, the total value of the shares are USD $241,365,075.93 Company Name Amount (USD) Yuen Foong Yu Paper MFG (Yangzhou) Co.,Ltd. 158,000,000.00 Yuen Foong Yu (Guangzhou) Paper Co., Ltd. 8,906,250.00 Yuen Foong Yu (Zhongshan) Paper Co., Ltd. 6,000,000.00 Yuen Foong Yu (Dongguan) Paper Co., Ltd. 6,000,000.00 Yuen Foong Yu (Xiamen) Paper Co., Ltd. 6,500,000.00 Yuen Foong Yu (Kunshan) Paper Co., Ltd. 11,000,000.00 Yuen Foong Yu (Suzhou) Paper Co., Ltd. 7,000,000.00 Yuen Foong Yu (Nanjing) Paper Co., Ltd. 8,958,825.93 Yuen Foong Yu (Shanghai) Paper Co., Ltd. 8,000,000.00 Yuen Foong Yu (Jiaxing) Paper Co., Ltd. 5,000,000.00 Yuen Foong Yu (Qingdao) Paper Co., Ltd. 8,000,000.00 Yuen Foong Yu (Tianjin) Paper Co., Ltd. 8,000,000.00 4.Company name of the mainland Chinese investee: YFY Packing (Yangzhou) Investment Co., Ltd. 5.Paid-in capital of aforementioned mainland Chinese investee: USD 86,707,159.45 6.Amount of capital increase currently planned for the aforementioned mainland Chinese investee:USD 241,365,075.93 7.Main businesses of the aforementioned mainland Chinese investee: General investment industry, trading of paper products and related materials 8.Type of CPA opinion in the latest annual financial statements of the aforementioned mainland Chinese investee:Unqualified opinion 9.Total equity of the aforementioned mainland Chinese investee in the latest annual financial statements:CNY 23,750,198.84 10.Amount of profit/loss of the aforementioned mainland Chinese investee in the latest annual financial statements:CNY -33,702,086.52 11.Amount of actual investment in the aforementioned mainland Chinese investee, up to the present moment:USD 328,072,235.38 12.Trading counterparty and its relationship with the Company: YFY Packing (Yangzhou) Investment co.,Ltd. / affiliates 13.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:Not applicable 14.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:Not applicable 15.Profit (or loss) upon disposal:None 16.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: In accordance with relevant regulations and the contractual agreements. 17.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making unit: The transfer price is the paid in capital of 12 subsidiaries. / Resolution of the board of directors of YFY Mauritius Corporation. 18.Broker:None 19.Concrete purpose of the acquisition or disposal: Investment restructuring 20.Any dissenting opinions of directors to the present transaction:None 21.Whether the counterparty of the current transaction is a related party:Yes 22.Date of the board of directors resolution:2021/12/16 23.Date of ratification by supervisors or approval by the Audit Committee:2021/12/16 24.Total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment: NTD 17,055,187 thousand dollars 25.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to the paid-in capital on the latest financial statements:102.72% 26.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to the total assets on the latest financial statements:25.49% 27.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to equity attributable to owners of the parent on the latest financial statements:35.24% 28.Total amount of actual investment in mainland China, up to the present moment:NTD 18,568,615 thousand dollars 29.Ratio of the total amount of actual investment in mainland China, up to the present moment, to the paid-in capital on the latest financial statements:111.83% 30.Ratio of the total amount of actual investment in mainland China, up to the present moment, to the total assets on the latest financial statements:27.76% 31.Ratio of the total amount of actual investment in mainland China, up to the present moment, to equity attributable to owners of the parent on the latest financial statements:38.36% 32.Amount of recognized profit (loss) on investment in mainland China for the last three years: Y2018�GNTD -365,506 thousand dollars Y2019�GNTD -35,386 thousand dollars Y2020�GNTD 1,509,380 thousand dollars 33.Amount of profit remitted back to Taiwan for the last three years: Y2018�GNone Y2019�GNone Y2020�GNone 34.Whether the CPA issued an unreasonable opinion regarding the current transaction: No 35.Name of the CPA firm: Ernest & Young 36.Name of the CPA:Yishian Li 37.Practice certificate number of the CPA:No. 3857 38.Any other matters that need to be specified:None |
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YFY Inc. published this content on 16 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2021 10:08:06 UTC.