Core Insights - OPEN YY and PUMA have officially announced the details of their second collaboration, themed "Daily Sports–Imagine!" which explores the athletic DNA of the H-Street shoe model while infusing new trends into its classic design [1][2] - The H-Street shoe, originally launched in 2003, is inspired by the Harambee spikes that were popular in the late 1990s, maintaining its original mesh and suede structure while enhancing retro athletic aesthetics through material quality [1] - The collaboration will be available on June 10 across PUMA and OPEN YY's official websites, select offline stores, and MUSINSA channels, showcasing a "minimal modification" strategy that preserves the shoe's original athletic attributes while achieving a trendy expression [1] Market Impact - The first collaboration between OPEN YY and PUMA sold out upon release, and this second collaboration continues the "classic revival + trendy interpretation" model, further strengthening PUMA's cultural authority in the retro sports shoe market [2] - As the June release date approaches, the new series has sparked discussions within the trend community, indicating that market feedback may provide new insights for sports brand collaboration strategies [2]

Singapore, May 30, 2025 (GLOBE NEWSWIRE) -- YY Group Holding Limited (NASDAQ: YYGH) (“YY Group”, “YYGH”, or the “Company”), is pleased to announce a strategic partnership with Kentucky Fried Chicken Singapore (KFC), one of the most iconic fast-food brands in the world. This partnership marks a significant milestone in advancing operational excellence across KFC’s outlets in Singapore. A Partnership for Everyday Excellence As part of this partnership, YY Group’s flagship platform, YY Circle, will provide dai ...

Core Viewpoint - JOYY is seeking new growth engines amid a peak in global entertainment live streaming industry and declining growth rates [1][2] Financial Performance - In Q1 2025, JOYY reported revenue of $494 million, a decrease of 12.4% from $565 million in Q1 2024, primarily due to a sharp decline in live streaming revenue [1] - Core live streaming revenue was $371 million, down over 20% year-on-year [1][3] - The sale of YY Live generated a confirmed gain of approximately $1.876 billion, leading to a net profit of $1.92 billion attributable to shareholders [1] - Non-GAAP operating profit was $31 million, an increase of 24.9% year-on-year [1] Business Segments - JOYY's advertising business has shown strong performance, becoming a key driver for non-live business growth, with non-live revenue increasing by 25.3% to $123 million [2][6] - The non-live revenue from BIGO Ads grew by 27.3% to $80.26 million, accounting for over 60% of total non-live revenue [6] - The number of paying users in the BIGO segment decreased by 13.2%, with average revenue per paying user (ARPPU) declining by approximately 5.8% to $221.6 [2][3] Market Trends - The global live streaming market has seen a decline in user conversion rates since 2021, with high content investment and subsidy costs making profitability more challenging [3] - The industry is experiencing a shift as platforms seek new directions, with JOYY focusing on overseas markets and optimizing its revenue-sharing mechanisms [3][4] - Despite the decline in live streaming revenue, JOYY's live streaming income in developed markets increased by 2.8 percentage points to 47.4% [4] Strategic Focus - JOYY is shifting its strategic focus towards "tooling + advertising platform," moving towards B2B services [7] - The company aims to prioritize user growth in developed countries and the Middle East, responding to regional differences in online entertainment spending [3][7] - The market remains cautious about JOYY's transformation path, as balancing profitability and investment amid ongoing live streaming business fatigue is a key challenge for the upcoming quarters [7]

Company Overview - YY Group Holding Limited is a global leader in on-demand workforce solutions and integrated facility management (IFM) [1][11] - The company is headquartered in Singapore and operates across Asia and beyond, focusing on flexible, scalable workforce solutions [11][12] Acquisition Details - YY Group plans to establish a significant presence in Thailand through the acquisition of YY Circle Thailand, with the transaction expected to close on June 2, 2025 [2] - This acquisition is a pivotal step in YY Group's Southeast Asia expansion strategy, targeting Thailand's casual labor market valued at THB170 billion (approximately US$5 billion) annually [2][5] Market Opportunity - The casual labor market in Thailand is projected to encompass over 40% of the workforce by 2027, presenting a transformative opportunity for YY Group [3] - The company anticipates an annual profit of THB76.9 million (approximately US$2.32 million) by 2029 from this market [5] Leadership and Strategy - Jirapat Haetanurak will assume the role of Country Director for YY Circle Thailand, maintaining a 10% equity stake in the company, ensuring continuity and localized expertise [4] - The acquisition reflects YY Group's commitment to creating innovative, localized solutions that drive growth and efficiency in new markets [8] Service Offering - YY Circle, the company's flagship platform, aims to connect businesses with on-demand talent, providing essential tools and resources for stability and success in the casual labor landscape [6] - The platform is designed to address workforce shortages in key industries such as hospitality, retail, and logistics, enhancing operational efficiency [6][7]

Singapore, May 07, 2025 (GLOBE NEWSWIRE) -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group," "YYGH," or the "Company") is thrilled to announce a significant milestone as its flagship on-demand job matching platform, YY Circle, continues to expand its footprint, meeting the surging global demand for innovative workforce solutions. Driving Innovation Across Europe In Europe, YY Circle is making significant strides: Accelerating Growth in the Middle East and North Africa YY Circle continues its rapid growt ...

Core Points - The Guangzhou Intellectual Property Court released the 2024 Intellectual Property Judicial Protection Status White Paper, highlighting a case involving "YY Live" trademark infringement and unfair competition [1] - The court ruled that the companies involved in the development and operation of "Yaya Live" and "Yaya Live" software engaged in infringing activities, resulting in a compensation order of 3 million yuan to the rights holders of "YY Live" [1] Group 1 - The case involved Guangzhou Pin Company and five related companies, which launched "Yaya Live" and "Yaya Live" software on various platforms while making misleading claims [1] - The rights holders, Guangzhou Fang Company and Guangzhou Jin Company, claimed trademark infringement and unfair competition, seeking punitive damages of 3 million yuan for economic losses [1] Group 2 - The first-instance court found the actions of Pin Company and others constituted infringement and ordered them to cease their activities, fully supporting the claim for 3 million yuan in economic losses [2] - The second-instance court upheld the first-instance ruling but corrected the legal application regarding the deduction of gambling funds from the infringement income, emphasizing the independence of civil compensation calculations from related criminal case proceeds [2]

Core Insights - Guangzhou Jinhong YY Live is embracing new challenges and opportunities in the live streaming industry following Baidu's acquisition of YY on February 25, which injects strong momentum into YY Live's future development [1] - The 2025 YY Live Ecosystem Conference held from March 31 to April 1 marked the first major event after the integration into Baidu, highlighting YY's significant role within Baidu's ecosystem [1][5] Product and Technology - AI is a strategic focus for Baidu, and Guangzhou Jinhong YY Live is actively promoting its application in live streaming, having launched the digital human "Ling'er" and integrated "YYDS" with DeepSeek, achieving significant technological progress [3] - Future plans include the rollout of more AI products and features to enhance user experience, increase platform engagement, and boost monetization [3] Content Collaboration - YY Live will engage in broader resource sharing with various companies and departments within the Baidu ecosystem, exemplified by the establishment of the short drama brand "Mai Xu," which is a key advancement of the "Hundred Drama Plan" initiated in December [3] - The initiative aims to create a unique short drama ecosystem in the live streaming industry, providing users with high-quality content [3] Community and Monetization - YY Live has revised its guild policies to support emerging streamers under Baidu's traffic boost, optimizing renewal policies for streamers and launching an MCN alliance to facilitate diverse monetization opportunities [3] - Since launching its live streaming services in 2011, YY has distributed over 40 billion to streamers and guilds, with plans to continue collaborating closely with ecosystem partners to build a healthier and more diverse live streaming ecosystem [3] Future Outlook - The conference established a solid foundation for the future development of Guangzhou Jinhong YY Live, leveraging Baidu's resources and technological support to explore new areas in the live streaming industry and enhance user experiences [5]

Company Overview - YY Group Holding Limited (NASDAQ: YYGH) is a leading provider of innovative on-demand workforce solutions and integrated facility management (IFM) [1][9] - The company operates through two core verticals: on-demand staffing and IFM, serving industries such as hospitality, logistics, retail, and healthcare [9][10] Acquisition Details - YY Group has officially acquired YY Circle Hong Kong, transitioning it to a majority-owned subsidiary while retaining local expertise with Anthony Ip as Country Director [1][2] - The acquisition aims to strengthen YY Group's presence in the Hong Kong market, which is valued at approximately US$16 billion, highlighting significant potential for innovative staffing solutions [3][5] Market Insights - The Hong Kong casual labour market has around 700,000 gig workers, indicating a strong demand for flexible staffing solutions [3][4] - YY Circle addresses workforce challenges by connecting casual labourers with opportunities and providing essential resources, ensuring a stable environment for workers [4][5] Financial Projections - YY Group projects a financial outcome of HK$15.03 million (approximately US$1.92 million) for the first fiscal year following the acquisition, reflecting the market's immense potential [5][6] Strategic Goals - The acquisition is part of YY Group's broader global growth strategy, aiming to replicate its success in additional markets regionally and globally [6][10] - The company focuses on enhancing operational efficiency for local industries while addressing workforce shortages, particularly in the accommodation and food services sectors [5][6]

Exhibit 99.1 For Immediate Release YY Group Holding Limited's Revenue Hits US$41M in 2024, Driven by Demand and Market Expansion Singapore, April 8, 2025 — YY Group Holding Limited (NASDAQ: YYGH) ("YY Group", "YYGH", or the "Company"), a leading provider of innovative on-demand workforce solutions and integrated facility management (IFM), today reported promising financial results for the full year ended December 31, 2024, underscoring consistent growth and meeting milestones across key business segments. I ...

Core Insights - YY Group Holding Limited reported strong financial results for the year ended December 31, 2024, highlighting consistent growth and achievement of key milestones across its business segments [1][2]. Financial Performance - Revenue increased to US$41.1 million, driven by the expansion of on-demand workforce solutions and growth in integrated facility management [4]. - Gross profit rose approximately 44% year-on-year to US$5.26 million, with stable gross margins [4]. - The company maintained a positive working capital position of US$5.5 million, with cash balances of US$836,907 and total assets of US$15.4 million, up from US$10.7 million the previous year [3]. Strategic Initiatives - In April 2024, YY Group completed its initial public offering, raising gross proceeds of US$4.5 million to support geographic expansion and technology development [4]. - The company launched YY Smart Tech, a subsidiary focused on innovation in IoT, AI, and software solutions, enhancing digital transformation across service lines [10]. Market Outlook - For 2025, YY Group aims to drive sustainable growth by expanding technology capabilities and increasing market share in Southeast Asia [8]. - The company is committed to deepening technology leadership and delivering long-term value for shareholders [9]. Operational Focus - YY Group operates through two core verticals: on-demand staffing and integrated facility management, serving industries such as hospitality, logistics, retail, and healthcare [11]. - The company has strengthened its regional position through new contract wins in various sectors, particularly in Southeast Asia, Europe, and the Middle East [10].