YFY Cayman Co., Ltd. announced a private placement of 3,750,000 common shares at $1 per share for gross proceeds of $ 3,750,000 on July 20, 2022. The transaction will include participation from returning investor YFY Inc. to retain its 100% stake in the company. The transaction has been approved by the board of directors of YFY Inc. The transaction is expected to close between July 25, 2022 to December 31, 2022.