Today's Information |
Provided by: YFY Inc. | |||||
SEQ_NO | 4 | Date of announcement | 2022/08/12 | Time of announcement | 16:56:12 |
Subject | YFY Inc. announces the accumulated reduction shareholdings of Arizon RFID Technology (Cayman) Co., Ltd. by more than 10% | ||||
Date of events | 2022/08/12 | To which item it meets | paragraph 49 | ||
Statement | 1.Name of the major subsidiary、Article 7 paragraph 3 subsidiary deemed as the listed company, or a subsidiary of a listed company applies for listing of securities in an overseas securities market for trading:Arizon RFID Technology (Cayman) Co., Ltd. (hereinafter called the "Arizon KY") 2.Cause of occurrence of the event (reduce the percentage of shareholding, contributions or lose control ): To conduct the IPO of Arizon KY for its share diversification in accordance with the regulatory requirement. 3.Method of shareholding or contributions reduction (Please specify the date, reason, method, reduction percentage, volume, unit price, and total amount each time): (1) Date: 2022/08/12 Reason: YFY Global Investment B.V. forfeited its right of subscription to Arizon KY's new issuance of shares. Method: Capital Increase Reduction percentage: 1.39% Volume: 1,060,000 shares Subscription price: NTD 57.4 per share Total amount: NTD 60,844,000 (2) Date: 2022/08/12 Reason: To comply with the IPO regulations, YFY Global Investment B.V transferred its holding shares of Arizon KY to 100% owned subsidiaries of YFY Inc.. Method: Dispose shares Reduction percentage: 0.00% Volume: 200,000 shares Unit price: NTD 70.0 per share Total amount: NTD14,000,000 (3) Date: 2022/08/12 Reason: To comply with IPO regulations, YFY Global Investments B.V.'s BOD approved the share-release initiation of Arizon KY to financial investors through an auction. Method: Dispose shares Reduction percentage: 15.29% Volume: 10,100,000 shares Unit price: NTD$ 70.0 per share Total amount: NTD$ 707,000,000 4.Method of loss of control(Please specify the date, reason, and method):NA 5.Equity (or capital) recipient or counterparty (please list separately for each transaction): (1) Employees of Arizon KY and its subsidiaries. As the shareholders forfeited the subscription, the chairman of Arizon KY is authorized to contact specific persons for subscription at the issue price. (2) YFY Paradigm Investment Co., Ltd. and YFY Development Corp. (3) Financial investors 6.Relationship with counterparty (Please specify the relationship with counterparty each time): (1) Employees of Arizon KY and its subsidiaries (2) YFY Paradigm Investment Co., Ltd. and YFY Development Corp. are subsidiary which 100% owned by YFY Inc. (3) Financial investors 7.Gains (or losses) on disposal (Please specify the gains (or losses) on disposal each time.If there is no gains (or losses), please fill in "NA"):NA 8.Cumulative reduction of shareholding in major subsidiaries, Article 7 paragraph 3 subsidiary deemed as the listed company, or a subsidiary of a listed company applies for listing of securities in an overseas securities market for trading so far (including the current transaction):16.68% 9.Shareholding in major subsidiaries, Article 7 paragraph 3 subsidiary deemed as the listed company, or a subsidiary of a listed company applies for listing of securities in an overseas securities market for trading at present (including the current transaction):69.85% 10.Name of independent expert and his/her opinion on reasonableness of pricing in each transaction: RSM Taiwan, Chen Tung-Chang, the price of share in each transaction was fairly priced. 11.Name of independent expert and his/her opinion on the impact of reduction of shareholding or loss of control on the rights of the listed company's shareholders:RSM Taiwan, Chen Tung-Chang, such transactions do not jeopardize to the interest of the YFY Inc.'s shareholders. 12.Any effect on the ongoing listing of the parent company: No 13.Date of the audit committee resolution: 2022/08/10 14.Details of audit committee resolution: Approved 15.Date of the board of directors resolution: 2022/08/12 16.Details of board of directors resolution: Approved 17.Any other matters that need to be specified: None |
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YFY Inc. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 09:09:02 UTC.