Jolly Unique Ltd. Updates Yalla Group Shareholding on Dec 31, 2023

TL;DR

**Jolly Unique Ltd. updated its Yalla Group Ltd. Class A share ownership as of Dec 31, 2023.**

AI Summary

Jolly Unique Limited, a significant shareholder in Yalla Group Ltd, filed an amendment to their Schedule 13G on January 26, 2024, indicating their ownership of Class A Ordinary Shares. This filing, dated December 31, 2023, is an update to their previous disclosures. This matters to investors because it provides transparency into the holdings of a major institutional investor, which can influence market perception and potentially signal confidence or concern in Yalla Group Ltd's future.

Why It Matters

This filing provides transparency into the ownership structure of Yalla Group Ltd, showing that Jolly Unique Limited remains a significant holder of Class A Ordinary Shares. Such disclosures can influence investor sentiment and provide insight into major shareholders' positions.

Risk Assessment

Risk Level: low — This filing is a routine update from a significant shareholder and does not indicate any immediate new risks or major changes.

Analyst Insight

Investors should note that a major shareholder, Jolly Unique Limited, has updated its position in Yalla Group Ltd. While this filing doesn't reveal specific changes in share count, it confirms their continued significant ownership as of year-end 2023. Smart investors would monitor subsequent filings for any material changes in ownership percentages, which could signal a shift in confidence.

Key Players & Entities

• Jolly Unique Limited (company) — reporting person and significant shareholder of Yalla Group Ltd
• Yalla Group Ltd (company) — the issuer of the Class A Ordinary Shares
• AREO HOLDINGS LTD (company) — the entity that filed the SC 13G/A on behalf of Jolly Unique Limited
• US$0.0001 (dollar_amount) — par value per Class A Ordinary Share of Yalla Group Ltd
• December 31, 2023 (date) — date of event which requires filing of this statement
• January 26, 2024 (date) — date the SC 13G/A was filed

FAQ

Key Financial Figures

• $0.0001 — ) Class A Ordinary Shares, par value US$0.0001 per share (Title of Class of Securiti

Filing Documents

• yallasch13ga3.htm (SC 13G/A) — 264KB
• 0001653246-24-000002.txt ( ) — 266KB

(a)

Item 1(a) Name of Issuer: Yalla Group Limited

(b)

Item 1(b) Address of issuer's principal executive offices: #238, Building 16, Dubai Internet City, Dubai, United Arab Emirates

(a)

Item 2(a) Name of Person Filing: This Schedule 13G (the "Schedule 13G") is being jointly filed by the following persons (collectively, the "Reporting Persons" and each a "Reporting Person"): (i) Jolly Unique Limited; (ii) Orchid Asia VII, L.P.; (iii) Orchid Asia VII Co-Investment, Limited; (iv) OAVII Holdings, L.P.; (v) Orchid Asia VII GP, Limited; (vi) Orchid Asia V Group Management, Limited; (vii) Orchid Asia V Group, Limited; (viii) AREO Holdings Limited; and (ix) Ms. Lam Lai Ming

(b)

Item 2(b) Address of principal business office or, if none, residence: The address of principal business office of Jolly Unique Limited and AREO Holdings Limited is: c/o Vistra Corporate Services Centre Wickhams Cay II, Road Town Tortola, VG 1110, British Virgin Islands The address of principal business office of Orchid Asia VII, L.P., OAVII Holdings, L.P., Orchid Asia VII GP, Limited, Orchid Asia V Group Management, Limited, Orchid Asia V Group, Limited is: c/o Maples Corporate Services Limited PO Box 309, Ugland House Grand Cayman, KY1-1104 Cayman Islands The address of principal business office of Orchid Asia VII Co-Investment, Limited is: c/o Vistra (Cayman) Limited, P. O. Box 31119, Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205 Cayman Islands The address of principal business office of Ms. Lam Lai Ming is: c/o Suite 6812-13, 68th Floor, The Center, 99 Queen's Road Central, Central, Hong Kong.

(c)

Item 2(c) Citizenship: The citizenship or place of organization of each of the Reporting Persons is set forth on such Reporting Person's cover page.

(d)

Item 2(d) Title of class of securities: Class A Ordinary Shares, par value US$0.0001 per share

(e)

Item 2(e) CUSIP No.: 98459U103 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable Item 4. The information set forth in Rows 5 through 11 of the cover pages to this Schedule 13G is incorporated herein by reference for each Reporting Person. Item 5. Not applicable. Item 6. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Please see Exhibit B Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 25, 2024 Jolly Unique Limited /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative Orchid Asia VII, L.P /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative Orchid Asia VII Co-Investment, Limited /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative OAVII Holdings, L.P. /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative Orchid Asia VII GP, Limited /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative Orchid Asia V Group Management, Limited /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative Orchid Asia V Group, Limited /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative AREO Holdings Limited /s/ Gabriel Li Name: Gabriel Li Title: Authorized Representative Lam Lai Ming /s/ Lam Lai Ming EXHIBIT A JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) of the Securit

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