Yalla Group Releases 2023 ESG Report

Yalla Group Releases 2023 ESG Report

DUBAI, UAE, April 24, 2024 / -- Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today published its 2023 Environmental, Social and Governance (ESG) Report. The report details the company's performance and future goals across five major areas, including responsible governance, environment, trust, people and community, highlighting its corporate vision beyond financial achievements for 2023.

"Since our successful listing on the New York Stock Exchange in 2020, we have been steadfast in our commitment to high-quality growth that is not only commercially viable but also socially responsible and environmentally sustainable. Although 2023 was a year filled with changes and challenges, we have intensified our efforts towards sustainabilit," said Mr. Yang Tao, Founder, Chairman and CEO of Yalla. "In August, for example, Yalla Group established a Sustainable Account for Cash Management with Standard Chartered to help address some of the world's gravest long-term sustainability threats. Looking forward, we will continue to conduct extensive sustainability practices across the company, contributing to digital transformation and sustainability in the MENA region."

Mr. Saifi Ismail, President of Yalla, commented, "As the largest Middle East and North Africa (MENA) based online social networking and gaming company, we are deeply conscious of the impact our operations have on both society and the environment. This is the third year that we present the ESG report, which is a testament to our unwavering commitment to sustainable growth and responsible corporate citizenship. In this year's ESG report, We have also developed clear plans to take more actions to move us forward in the field of sustainability. In the future, we will continue to promote the sustainable development of our company and local communities, seize the opportunities of digital transformation in the MENA region, and strive to set new standards for sustainable development in the industry."

To view the report in full, please visit: www.yalla.com/sustainability