YY Group Launches Bursary Award for Gig Workers Pursuing Higher Education

Rhea-AI Summary

YY Group (NASDAQ: YYGH) announced the launch of the YY Circle Bursary Award on October 13, 2025, to fund higher education for Singaporean workers on its on-demand staffing platform.

The program is open to full-time Singaporean students enrolled in polytechnics, polytechnic foundation programs and universities and awards are granted based on a Per Capita Income (PCI) eligibility criterion. Award amounts vary by level of study and PCI bracket. The initiative is presented as part of YY Group's corporate social responsibility efforts to ease financial pressures for gig workers and support educational development in Singapore.

News Market Reaction

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+1.07% News Effect

+$200K Valuation Impact

$19M Market Cap

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On the day this news was published, YYGH gained 1.07%, reflecting a mild positive market reaction. This price movement added approximately $200K to the company's valuation, bringing the market cap to $19M at that time.

Data tracked by StockTitan Argus on the day of publication.

SINGAPORE, Oct. 13, 2025 /PRNewswire/ -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group" or the "Company"), a global leader in on-demand workforce solutions and integrated facilities management (IFM), and its subsidiary, YY Circle SG, today announced the launch of the YY Circle Bursary Award, a new initiative designed to fund higher education for Singaporean workers on its on-demand staffing platform. The program plays a key role in YY Group's corporate social responsibility commitment to fostering educational development and supporting the next generation of talent in Singapore.

"At YY Group, we believe education is the foundation of progress," said Mr. Mike Fu, Chief Executive Officer and Executive Director of YY Group. "The YY Circle Bursary Award is designed to ease financial pressures so our gig workers can focus on furthering their education and reaching their full potential. This initiative reflects our dedication to supporting Singapore's next generation of leaders by investing in young talent and cultivating a community of resilient, skilled, and socially conscious individuals who will help shape the nation's future."

The YY Circle Bursary Award is open to full-time Singaporean students enrolled in polytechnics, polytechnic foundation programs and universities. Awards are granted based on a Per Capita Income (PCI) eligibility criterion, ensuring that financial assistance reaches students who need it most. The award amount varies depending on the applicant's level of study and PCI bracket.

About YY Holdings Limited

YY Group Holding Limited (Nasdaq: YYGH) is a Singapore-headquartered, technology-enabled platform providing flexible, scalable workforce solutions and integrated facility management (IFM) services across Asia and beyond. The Group operates through two core verticals: on-demand staffing and IFM, delivering agile, reliable support to industries such as hospitality, logistics, retail, and healthcare.

Leveraging proprietary digital platforms and IoT-driven systems, YY Group enables clients to meet fluctuating labor demands and maintain high-performance environments. In addition to its core operations in Singapore and Malaysia, the Group maintains a growing presence in Asia, Europe, Africa, Oceania and the Middle East.

Listed on the Nasdaq Capital Market, YY Group is committed to service excellence, operational innovation, and long-term value creation for clients and shareholders.

For more information on the Company, please visit https://yygroupholding.com/.

Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the YY Group Holding Limited's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the hospitality market in Hong Kong, (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) governmental approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. All information provided in this press release is as of the date of this press release, and YY Group Holding Limited undertakes no duty to update such information, except as required under applicable law.

Investor Contact
Phua Zhi Yong, Chief Financial Officer
YY Group
enquiries@yygroupholding.com 

Mark Niu, Chief Strategy Officer,
YY Group
mark.niu@yygroupholding.com

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SOURCE YY Group Holding Limited

FAQ

What is the YY Circle Bursary Award announced by YY Group (YYGH) on October 13, 2025?

A bursary program to fund higher education for Singaporean workers on YY Group's on-demand staffing platform, awarded by PCI eligibility.

Who is eligible for the YY Circle Bursary Award from YY Group (YYGH)?

Full-time Singaporean students enrolled in polytechnics, polytechnic foundation programs and universities who meet the Per Capita Income eligibility criterion.

How does YY Group (YYGH) determine award amounts for the YY Circle Bursary Award?

Award amounts vary depending on the applicant's level of study and their PCI bracket.

Does the YY Circle Bursary Award target gig workers on YY Group's platform (YYGH)?

Yes; the program is designed specifically to support Singaporean workers on YY Group's on-demand staffing platform.

Is the YY Circle Bursary Award described as part of YY Group's corporate strategy (YYGH)?

The company describes the award as part of its corporate social responsibility commitment to foster educational development and support talent in Singapore.