Yalla Group (YALA) investor group discloses 8.7% Class A ownership

Rhea-AI Filing Summary

Yalla Group Limited received an updated Schedule 13G/A (Amendment No. 4) from Jianfeng Xu, Windbell Holdings Limited and WindBell Limited regarding their holdings of Class A ordinary shares. Xu is reported as beneficially owning 11,136,326 Class A shares, or 8.7% of the Class A class, consisting of 7,366,326 shares held by WindBell Limited, 200,000 shares held directly, and 3,570,000 shares he has the right to receive within 60 days after June 30, 2026.

Windbell Holdings Limited and WindBell Limited each report 7,366,326 Class A shares, representing 5.9% of the class. For these calculations, Yalla had 124,443,563 Class A and 24,734,013 Class B ordinary shares issued and outstanding as of June 30, 2026. All reporting persons indicate sole voting and sole dispositive power over their respective shares.

Key Figures

Jianfeng Xu beneficial ownership: 11,136,326 Class A shares Jianfeng Xu ownership percentage: 8.7% WindBell Limited holdings: 7,366,326 Class A shares +3 more

6 metrics

Jianfeng Xu beneficial ownership 11,136,326 Class A shares Beneficially owned Class A ordinary shares as of June 30, 2026

Jianfeng Xu ownership percentage 8.7% Percentage of Class A ordinary shares beneficially owned

WindBell Limited holdings 7,366,326 Class A shares Class A ordinary shares held by WindBell Limited; 5.9% of class

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

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

Shares receivable by Xu 3,570,000 Class A shares Right to receive within 60 days after June 30, 2026

Key Terms

beneficially owned, sole voting power, sole dispositive power, Class A Ordinary Shares, +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.

sole voting power financial

"5 | Sole Voting Power 11,136,326.00"

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 11,136,326.00"

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.

Class A Ordinary Shares financial

"Title of class of securities: Class A Ordinary Shares, par value US$0.0001 per share"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

CUSIP No. financial

"CUSIP No.: 98459U103"

FAQ

What ownership stake in YALA does Jianfeng Xu report in this Schedule 13G/A?

Jianfeng Xu reports beneficial ownership of 11,136,326 Class A shares of Yalla Group Limited, representing 8.7% of the Class A shares outstanding as of June 30, 2026.

How are Jianfeng Xu’s YALA Class A shares held and structured?

The 11,136,326 Class A shares consist of 7,366,326 shares held through WindBell Limited, 200,000 shares held directly, and 3,570,000 shares Xu has the right to receive within 60 days after June 30, 2026.

What percentage of YALA does WindBell Limited report owning?

WindBell Limited reports beneficial ownership of 7,366,326 Class A shares of Yalla Group Limited, representing 5.9% of the Class A shares outstanding as of June 30, 2026.

How many YALA shares were outstanding for the ownership calculations?

The ownership percentages are based on 124,443,563 Class A ordinary shares and 24,734,013 Class B ordinary shares of Yalla Group Limited issued and outstanding as of June 30, 2026.

Do the reporting persons share voting or dispositive power over YALA shares?

Each reporting person discloses sole voting power and sole dispositive power over their reported Yalla Class A shares, and reports no shared voting or shared dispositive power for these holdings.

Who are the reporting entities associated with YALA in this ownership report?

The reporting persons are Jianfeng Xu, Windbell Holdings Limited, and WindBell Limited, with the latter two being British Virgin Islands limited liability companies holding Yalla Class A shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/14/2026 - 06:41 AM Accepted by SEC EDGAR 08/14/2026 - 06:40 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. 4)

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

Jianfeng Xu

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 11,136,326.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,136,326.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,136,326.00

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)

8.7 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) Represents (i) 7,366,326 Class A ordinary shares held by WindBell Limited, (ii) 200,000 Class A ordinary shares held by Mr. Xu, and (iii) 3,570,000 Class A ordinary shares that Mr. Xu has the right to receive within 60 days after June 30, 2026. (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

Windbell Holdings 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 7,366,326.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,366,326.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,366,326.00

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)

5.9 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: (1) Represents 7,366,326 Class A ordinary shares held by WindBell Limited. (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

WindBell 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 7,366,326.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,366,326.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,366,326.00

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)

5.9 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: (1) Represents 7,366,326 Class A ordinary shares held by WindBell Limited. (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) Jianfeng Xu; (ii) Windbell Holdings Limited ("Windbell Holdings"), a limited liability company established in the British Virgin Islands; and (iii) WindBell Limited ("WindBell"), 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 Jianfeng Xu is #230 Building 16, Dubai Internet City, Dubai, United Arab Emirates. (ii) The registered address of Windbell Holdings is Palm Grove House, P.O. Box 438, Road Town, Tortola, VG1110, British Virgin Islands. (iii) The registered address of WindBell is Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola VG1110, British Virgin Islands.
(c)	Citizenship: (i) Jianfeng Xu - People's Republic of China (ii) Windbell Holdings - British Virgin Islands (iii) WindBell - 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.

Jianfeng Xu

Signature:	/s/ Jianfeng Xu
Name/Title:	Authorized Representative
Date:	08/13/2026

Windbell Holdings Limited

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

WindBell Limited

Signature:	/s/ Jianfeng Xu
Name/Title:	Authorized Representative
Date:	08/13/2026

Exhibit Information

Exhibit 99.1 - Joint Signing Agreement