Yalla Group (YALA) major holder Tao Yang controls 43% beneficial stake

Rhea-AI Filing Summary

Yalla Group Limited reports updated large-shareholder information as of June 30, 2026. Tao Yang beneficially owns 67,069,518 ordinary shares, representing 43.2% of the company’s ordinary shares, through direct rights to receive shares and holdings via YooYoo Limited and Allies Partners Limited.

Cheerio Investments Limited and YooYoo Limited each report beneficial ownership of 60,374,013 ordinary shares, or 40.5%. The capital structure is dual class, with 124,443,563 Class A and 24,734,013 Class B ordinary shares outstanding. Each Class A share carries one vote, while each Class B share carries 20 votes and is convertible into one Class A share at any time, concentrating voting power with the Class B holder.

Key Figures

Tao Yang beneficial ownership: 67,069,518 ordinary shares Tao Yang ownership percentage: 43.2% Cheerio and YooYoo beneficial ownership: 60,374,013 ordinary shares each +4 more

7 metrics

Tao Yang beneficial ownership 67,069,518 ordinary shares Beneficially owned as of June 30, 2026

Tao Yang ownership percentage 43.2% Percentage of ordinary shares beneficially owned

Cheerio and YooYoo beneficial ownership 60,374,013 ordinary shares each Beneficially owned by each entity as of June 30, 2026

Cheerio and YooYoo ownership percentage 40.5% Percentage of ordinary shares beneficially owned by each entity

Class A shares outstanding 124,443,563 Class A ordinary shares Issued and outstanding as of June 30, 2026

Class B shares outstanding 24,734,013 Class B ordinary shares Issued and outstanding as of June 30, 2026

Voting rights per share class 1 vote per Class A; 20 votes per Class B Voting power in shareholder matters

Key Terms

beneficially owned, Class B ordinary share, sole voting power, sole dispositive power, +1 more

5 terms

beneficially owned financial

"The percentage of the class of securities beneficially owned by each reporting person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Class B ordinary share financial

"Each Class B ordinary share is convertible into one Class A ordinary share"

A Class B ordinary share is a type of common stock that carries a specific set of rights—often different voting power or dividend priority—distinct from other share classes of the same company. Think of it like owning a different model of the same car: it gets you the ride (ownership and profit share) but may limit your say in steering (voting) or how quickly you receive payouts; investors care because these differences affect control, influence over management decisions, and potential return or liquidity.

sole voting power financial

"5 | Sole Voting Power 67,069,518.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"7 | Sole Dispositive Power 67,069,518.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

dual class financial

"Class A ordinary shares are not convertible into Class B ordinary shares"

A dual class share structure is when a company issues two (or more) types of stock that look similar financially but give different voting power; one class carries stronger control over corporate decisions while the other carries ordinary economic rights like dividends. For investors this matters because it can concentrate decision-making in the hands of a few people — like owning seats at a driver’s wheel while others ride in the back — which affects influence over strategy, takeover chances, and how shareholder interests are protected.

FAQ

What percentage of Yalla Group (YALA) does Tao Yang beneficially own?

Tao Yang beneficially owns 67,069,518 ordinary shares of Yalla Group, representing 43.2% of the company’s ordinary shares as of June 30, 2026, including shares held through entities and rights to receive shares within 60 days.

How many Yalla Group (YALA) shares do Cheerio Investments and YooYoo Limited own?

Cheerio Investments Limited and YooYoo Limited each beneficially own 60,374,013 ordinary shares of Yalla Group, representing 40.5% of the ordinary shares as of June 30, 2026, based on the issuer’s reported share counts.

What is Yalla Group’s (YALA) dual-class share structure?

Yalla Group has Class A and Class B ordinary shares. As of June 30, 2026, there are 124,443,563 Class A and 24,734,013 Class B shares outstanding. Class A carries one vote per share, while Class B carries 20 votes and is convertible into Class A.

How are Tao Yang’s Yalla Group (YALA) holdings composed?

Tao Yang’s 67,069,518-share beneficial stake includes 35,640,000 Class A shares held by YooYoo Limited, 445,505 Class A shares held by Allies Partners Limited, 6,250,000 Class A he may receive within 60 days, and 24,734,013 Class B shares held by YooYoo.

What voting power do Yalla Group (YALA) Class B shares provide?

Each Class B ordinary share provides 20 votes, compared with one vote per Class A share. Class B shares are convertible into Class A at any time by the holder, but Class A shares cannot be converted into Class B, concentrating voting influence with Class B holders.

As of when is the Yalla Group (YALA) beneficial ownership information reported?

The beneficial ownership information for Yalla Group is reported as of June 30, 2026. The percentages are calculated using 124,443,563 Class A and 24,734,013 Class B ordinary shares issued and outstanding on that date, based on information from the issuer.

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Available on EDGAR 08/14/2026 - 06:12 AM Accepted by SEC EDGAR 08/14/2026 - 06:11 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Yalla Group Limited

(Name of Issuer)

Class A Ordinary Shares, par value US$0.0001 per share

(Title of Class of Securities)

98459U103

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 98459U103

1

Names of Reporting Persons

Tao Yang

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 67,069,518.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 67,069,518.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

67,069,518.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

43.2 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) Represents (i) 35,640,000 Class A ordinary shares held by YooYoo Limited, (ii) 445,505 Class A ordinary shares held by Allies Partners Limited, (iii) 6,250,000 Class A ordinary shares that Mr. Yang has the right to receive within 60 days after June 30, 2026, and (iv) 24,734,013 Class B ordinary shares held by YooYoo Limited. Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. In respect of all matters subject to a shareholders' vote, each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 20 votes, voting together as one class. (2) The percentage of the class of securities beneficially owned by each reporting person is calculated based on a total of 124,443,563 Class A ordinary shares and 24,734,013 Class B ordinary shares of the Issuer issued and outstanding as of June 30, 2026, based on information provided by the Issuer. Beneficial ownership information is presented as of June 30, 2026.

SCHEDULE 13G

CUSIP Number(s): 98459U103

1

Names of Reporting Persons

Cheerio Investments Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 60,374,013.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 60,374,013.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

60,374,013.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

40.5 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: (1) Represents (i) 35,640,000 Class A ordinary shares held by YooYoo Limited, and (ii) 24,734,013 Class B ordinary shares held by YooYoo Limited. Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. In respect of all matters subject to a shareholders' vote, each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 20 votes, voting together as one class. (2) The percentage of the class of securities beneficially owned by each reporting person is calculated based on a total of 124,443,563 Class A ordinary shares and 24,734,013 Class B ordinary shares of the Issuer issued and outstanding as of June 30, 2026, based on information provided by the Issuer. Beneficial ownership information is presented as of June 30, 2026.

SCHEDULE 13G

CUSIP Number(s): 98459U103

1

Names of Reporting Persons

YooYoo Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 60,374,013.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 60,374,013.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

60,374,013.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

40.5 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: (1) Represents (i) 35,640,000 Class A ordinary shares held by YooYoo Limited, and (ii) 24,734,013 Class B ordinary shares held by YooYoo Limited. Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. In respect of all matters subject to a shareholders' vote, each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 20 votes, voting together as one class. (2) The percentage of the class of securities beneficially owned by each reporting person is calculated based on a total of 124,443,563 Class A ordinary shares and 24,734,013 Class B ordinary shares of the Issuer issued and outstanding as of June 30, 2026, based on information provided by the Issuer. Beneficial ownership information is presented as of June 30, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Yalla Group Limited
(b)	Address of issuer's principal executive offices: #230, Building 16, Dubai Internet City, Dubai, United Arab Emirates
Item 2.
(a)	Name of person filing: (i) Tao Yang; (ii) Cheerio Investments Limited ("Cheerio Investments"), a limited liability company established in the British Virgin Islands; and (iii) YooYoo Limited ("YooYoo"), a limited liability company established in the British Virgin Islands.
(b)	Address or principal business office or, if none, residence: (i) The address of the principal business office of Tao Yang is #230, Building 16, Dubai Internet City, Dubai, United Arab Emirates. (ii) The registered address of Cheerio Investments is Palm Grove House, P.O. Box 438, Road Town, Tortola, VG1110, British VirginIslands. (iii) The registered address of YooYoo is Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands.
(c)	Citizenship: (i) Tao Yang - People's Republic of China (ii) Cheerio Investments - British Virgin Islands (iii) YooYoo - British Virgin Islands
(d)	Title of class of securities: Class A Ordinary Shares, par value US$0.0001 per share
(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:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 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.
(b)	Percent of class: 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.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 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.
	(ii) Shared power to vote or to direct the vote: 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.
	(iii) Sole power to dispose or to direct the disposition of: 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.
	(iv) Shared power to dispose or to direct the disposition of: 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.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	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.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	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.

Tao Yang

Signature:	/s/ Tao Yang
Name/Title:	Authorized Representative
Date:	08/13/2026

Cheerio Investments Limited

Signature:	/s/ Natasha Hernandez and Cereita Lawrence
Name/Title:	Authorized Representative
Date:	08/13/2026

YooYoo Limited

Signature:	/s/ Tao Yang
Name/Title:	Authorized Representative
Date:	08/13/2026

Exhibit Information

Exhibit 99.1 - Joint Signing Agreement