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].

Construction Demand and Industry Trends - The total construction demand in Singapore for 2023 is projected to be between S$27 billion and S$32 billion, with the public sector expected to account for approximately 60% of this demand[444]. - The Building and Construction Authority (BCA) anticipates that total construction demand will range between S$25 billion and S$32 billion annually from 2024 to 2027, driven primarily by public sector projects[444]. - The cleaning services market is expected to grow due to increasing awareness of hygiene and the government's initiatives to improve cleaning standards[441]. Technology and Innovation in Services - The Innovating and Curating Better Automation and Technologies for Environmental Services (INCUBATE) Partnership Programme aims to transform the environmental services industry by promoting technology adoption and improving productivity[445]. - The adoption of outcome-based contracting (OBC) in cleaning services is expected to enhance service quality and drive technology adoption among service providers[439]. Employment and Talent Challenges - The number of freelancers in Singapore increased from 211,000 in 2019 to approximately 228,200 in 2020, indicating a growing pool of potential users for job-seeking platforms[455]. - 78% of employers in Singapore face challenges in filling job roles due to a lack of talent with relevant skill sets, highlighting the demand for staffing services[457]. - 75% of employers globally report difficulty in finding the right talent, indicating a significant talent shortage across various sectors[456]. Regulatory and Compliance Issues - The Environmental Public Health Amendment Bill proposes a revised cleaning business license framework, introducing three classes of licenses to enhance public health standards in the cleaning sector[450]. - As of December 31, 2024, the allowance for expected credit losses against trade receivables amounted to $62,425, compared to nil in 2023[478]. - The company identified material weaknesses in internal control over financial reporting, including a lack of qualified accounting staff and inadequate IT policies[481]. - The company is in the process of hiring additional finance and accounting staff to strengthen internal controls and compliance with IFRS and SEC requirements[482]. - The company has engaged external advisors to assist with the remediation of internal controls and financial accounting[483]. - The company qualifies as an "emerging growth company" with net revenues of less than $1.235 billion, allowing it to take advantage of reduced reporting requirements[485].

Group 1 - The 2025 YY Live Ecosystem Conference was held in Guangzhou, marking the first conference since YY's integration into Baidu, where strategic priorities and development directions were announced [2][3] - YY officially became part of Baidu Group on February 25, 2023, after a prolonged acquisition process, and will enhance collaboration within Baidu's mobile ecosystem [3] - YY's CEO emphasized the commitment to becoming an essential part of Baidu's mobile ecosystem, focusing on product technology and content development [3][5] Group 2 - AI is a strategic focus for Baidu, and YY is tasked with implementing AI in live streaming applications, having already launched digital human "Ling'er" and integrated "YYDS" [5] - YY announced the establishment of a short drama brand "Mai Xu," contributing to the "Hundred Drama Plan" initiated with other partners, aiming to create a unique short drama ecosystem [5][6] - New policies were introduced to support guilds and streamers, focusing on building a healthy and sustainable live streaming ecosystem [5][6] Group 3 - YY Live will support emerging streamers while maintaining resources for mid-tier streamers, launching new content IP "YY Star Live Camp - Tomorrow's Star" to facilitate growth [6] - The renewal rate for top streamers exceeded 80% in 2024, and YY plans to optimize renewal policies to ensure healthy contracts and combat malicious behaviors [6][7] - YY has distributed over 40 billion to streamers and guilds since its launch in 2011, emphasizing continued collaboration with ecosystem partners to foster a healthy live streaming environment [7]

Core Viewpoint - YY Live has made significant efforts in content governance during the first quarter of 2025, focusing on creating a healthier online environment by removing harmful content and promoting positive content initiatives [1][4]. Group 1: Content Governance Efforts - In Q1 2025, YY Live banned 61,000 accounts for content violations and online fraud, and blocked 13,000 pieces of misleading or vulgar information [1][2]. - The platform penalized over 14,000 violators by deducting health points, effectively protecting user rights and fostering a healthier online ecosystem [1][3]. - The "Wind Shield" system, developed by YY Live, has proven effective in identifying and handling harmful content, assisting in the management of 61,000 accounts and blocking 13,000 pieces of harmful information [2]. Group 2: User Engagement and Regulation - As of December 2024, China's online audio-visual user base reached 1.091 billion, highlighting the importance of content regulation on platforms like YY Live [3]. - YY Live has implemented specific management rules for different user groups, including streamers and guilds, to regulate behavior and maintain platform standards [3]. - The platform processed 19,000 user reports of violations in Q1 2025, demonstrating a proactive approach to content moderation [3]. Group 3: Positive Content Initiatives - YY Live launched the "Treasure Land Journey Plan" as part of its ongoing positive content initiatives, which have been in place for four consecutive years [4]. - The platform has created over 16,000 positive live streaming programs, accumulating more than 120,000 hours of positive content [4]. - YY Live's CEO emphasized the continuous commitment to maintaining a clear online environment, indicating that content governance is an ongoing process [4].

Core Viewpoint - The Trump administration's plan to impose a 25% import tariff on automobiles starting April 3 poses a significant threat to German luxury car manufacturers, potentially leading to a sharp decline in operating profits for companies like Porsche and Mercedes-Benz by approximately 25%, equating to a loss of €3.4 billion (around $3.7 billion) by 2026 [1][4]. Group 1: Impact on German Automakers - German automakers are particularly vulnerable due to their high dependency on the U.S. market, which is crucial for their exports, especially high-margin fuel vehicles like the Porsche 911 and Mercedes S-Class [4]. - If the tariffs are implemented, U.S. dealers for Porsche will have to absorb the entire import costs, while Mercedes, despite having assembly plants in North America, will still incur additional costs for imported components [4]. - The announcement has led to significant stock price declines in the European automotive sector, with Porsche's shares dropping by 5%, Daimler (Mercedes' parent company) falling by 5.2%, and other major brands like BMW and Volkswagen experiencing declines of over 4% [4]. Group 2: Broader Industry Implications - The tariff's implications extend beyond automakers to parts suppliers like Bosch and Continental, which may suffer from supply chain disruptions [4]. - The negative sentiment has also affected U.S. automakers, with Ford's stock dropping by 2.81% and General Motors falling by 6.5%, indicating a dual pressure on the global automotive supply chain [4]. - Manufacturers face tough strategic choices: either relocate production to the U.S. requiring substantial investment or raise prices, which could undermine their competitive edge [4]. Group 3: Industry Reactions - The President of the German Automotive Industry Association (VDA), Müller, criticized the tariffs as a "fatal blow" to the free trade system and warned that they would increase consumer vehicle costs [5]. - The European Union has threatened retaliatory measures, raising concerns that the U.S.-China trade war could spill over into the automotive sector, leading to systemic shocks in the global supply chain [5].

Core Insights - YY Group Holding Limited's subsidiary, YY Circle Malaysia, has signed six new strategic deals in Malaysia since January 2025, focusing on the hospitality and staffing sectors [1][2]. Group 1: Partnerships and Collaborations - The new partnerships include well-known hotel brands such as Four Points by Sheraton and Hyatt, with operations starting in March 2025, while collaborations with Holiday Inn and Marriott Resort & Spa are set to launch in April 2025 [2][4]. - These partnerships enhance YY Circle's influence among international hotel chains, solidifying its presence in the Malaysian market and paving the way for future market expansions [4]. Group 2: Financial Performance - The newly secured partnerships have increased YY Circle Malaysia's annual revenue pipeline to US$13 million, indicating significant growth in its third year of operations in Malaysia [3]. Group 3: Future Outlook - The CEO of YY Group expressed optimism about the partnerships, viewing them as a milestone in the company's growth and innovation journey, and emphasized the commitment to delivering exceptional value to clients [5]. - The Country Manager of YY Circle Malaysia highlighted plans to expand into other sectors such as cleaning and retail, indicating potential for further growth opportunities [5]. Group 4: Company Overview - YY Circle Malaysia is recognized as a leading provider of on-demand staffing solutions and hotel management systems, focusing on innovation and partnerships to empower businesses in the hospitality industry [6]. - YY Group Holding Limited is a Singapore-based company specializing in enterprise intelligent labor matching services and smart cleaning solutions, leveraging app-based technology and the Internet of Things [7].

Core Viewpoint - The acquisition of YY Live by Baidu has been finalized at a reduced price of approximately $2.1 billion, down from the initial $3.6 billion, which is seen as a mutually beneficial compromise for both companies [1][2][3]. Group 1: Transaction Details - On February 25, 2023, Huya Group announced the sale of its YY Live business to Baidu for a total purchase price of approximately $2.1 billion in cash [1]. - The transaction includes a previous payment of about $1.86 billion received in February 2021 and an additional $240 million received on February 25, 2025 [1]. - Baidu has released $1.6 billion that was previously held in an escrow account, which will be invested in cloud and AI infrastructure [1]. Group 2: Historical Context - The initial agreement for Baidu to acquire YY Live was announced on November 17, 2020, for approximately $3.6 billion [2][3]. - Both companies' executives expressed optimism about the deal, with Baidu's CEO highlighting the strategic benefits of integrating YY Live into Baidu's ecosystem [3]. - The transaction faced challenges, including a short-seller report questioning Huya Group's financial integrity shortly after the acquisition announcement [3][4]. Group 3: Legal and Strategic Considerations - Baidu announced on January 1, 2024, its intention to terminate the acquisition agreement, citing unmet conditions for closing the deal [5][6]. - Huya Group responded by seeking legal advice, asserting that the sale had been substantially completed in February 2021 [7]. - The legal complexities of unwinding the deal are significant, given the deep integration of YY Live into Baidu's operations [7][8]. Group 4: Current Business Implications - Despite the reduced transaction value, YY Live remains a profitable asset for Baidu and is seen as valuable in the context of AI development [8][9]. - YY Live has begun to embrace AI technologies, launching AI-driven features and integrating with DeepSeek for enhanced user engagement [9]. - The revised agreement can be viewed as a resolution that avoids potential legal disputes and allows both companies to align their strategic goals [9][10].

Core Viewpoint - Baidu has finalized the acquisition of YY Live from Huya Group for $2.1 billion, significantly lower than the initial $3.6 billion agreement, marking the end of a protracted negotiation process lasting over four years [1][3]. Group 1: Acquisition Details - The acquisition agreement was first announced in November 2020, with Baidu planning to acquire YY Live, which includes various platforms such as the YY mobile app and website [2]. - The deal faced multiple delays, with Baidu initially expecting to complete the acquisition in the first half of 2021, but it was not finalized until now [2][3]. - The final purchase price of $2.1 billion represents a reduction of $1.5 billion from the original agreement, reflecting changes in market conditions and strategic focus [3]. Group 2: Financial Implications - Baidu will receive approximately $1.6 billion that was previously held in escrow, which will be reinvested into its cloud and AI infrastructure [1][4]. - The acquisition allows Baidu to refocus its strategy on AI and cloud computing, as it aims to leverage YY Live's platform for AI applications [3][4]. Group 3: Company Performance - Baidu reported a total revenue of 133.1 billion yuan for the previous year, with a net profit of 23.4 billion yuan, indicating a year-on-year growth of 21% [4]. - Baidu's AI-related revenue from its cloud services has seen a nearly threefold increase, with a 26% year-on-year growth in the fourth quarter [5].

Core Insights - YY Group Holding Limited has appointed Mark Wendou Niu as Group Chief Strategy Officer to lead fundraising, investor relations, and digital transformation efforts [1][2] - The company aims to become a global leader in on-demand staffing and integrated facility management solutions by leveraging technology and operational excellence [2][3] Company Strategy - The appointment of Mark is part of YY Group's long-term vision to enhance efficiency, scalability, and growth through technology and data intelligence [2] - Mark's focus will include strengthening investor relations, expanding access to capital, and integrating AI-driven innovations into core services [2][3] Market Position - YY Group's flagship platform, YY Circle, serves over 200 clients and connects with 300,000 registered job seekers, providing seamless workforce solutions [3] - The proprietary Smart iClean System utilizes IoT devices and smart sensors to improve efficiency in commercial cleaning services [3] Leadership and Expertise - Mark Wendou Niu has a strong background in fundraising and scaling technology-driven businesses, having co-founded Biofourmis and secured significant investments from top-tier funds [2][5] - His collaborative leadership style emphasizes open dialogue and diverse perspectives, aiming to build a future-ready ecosystem for businesses and workers [4][5] Company Overview - YY Group is a Singapore-based data and technology-driven company specializing in intelligent labor matching services and smart cleaning solutions [6] - The company is committed to innovation and user-centric experiences, utilizing app-based technology and IoT to optimize labor sourcing and revolutionize the cleaning industry [6]