YY Group Adds Three New Board Members: Chan Yong Xian, Cheong Hai Poh, and Lai Wai Kit

SINGAPORE, June 04, 2024 — YY Group Holding Limited (NASDAQ: YYGH) (“YY Group”, “YYGH”, or the “Company”), a data and technology-driven provider of hotel and hospitality staffing and commercial cleaning and janitorial services, is proud to announce the appointment of Chan Yong Xian, Cheong Hai Poh, and Lai Wai Kit (Andrew) to its Board of Directors.

“I am delighted to welcome Yong Xian, Hai Poh, and Andrew to the YY Group Board of Directors. Their expertise and leadership will be instrumental as the board continues pursuing our mission of delivering exceptional service to our customers through our innovative on-demand labor solution, the YY Circle Super App,” stated Mike Fu, Founder and Chief Executive Officer of YY Group. “Our board takes pride in assembling leaders with insights that bolster our business model and support our ongoing global expansion. The addition of Yong Xian, Hai Poh, and Andrew, with their combined decades of experience, will be invaluable to YY Group as we embark on the next phase of our growth.”

Chan has been appointed as an Independent Director and the Chair of the Audit Committee. He joins the Company with a background in accounting and auditing. Throughout his career, Chan has consistently demonstrated strong proficiency in implementing business controls, optimizing processes, and offering valuable advisory guidance to management. Chan’s extensive audit experience includes roles such as Senior Audit Manager at BDO LLP and Ang & Co PAC, and Manager at PricewaterhouseCoopers LLP. In these roles, he audited listed companies in accordance with various accounting standards and participated in IPO projects.

Cheong was appointed as an Independent Director and the Chair of the Nomination Committee. As an industry leader with extensive experience spanning over 30 years in the hospitality food and beverage industry, Cheong demonstrates exceptional skill in navigating periods of rapid growth, leveraging key market and consumer insights to develop and implement comprehensive strategies that enhance both top and bottom-line performance. His notable roles include General Manager of Goodwood Park Hotel Singapore, General Manager of Pan Pacific Yangon, General Manager and Asset Management lead at Stamford Land Corporation, and General Manager of Grand Copthorne Waterfront Hotel.

Lai was appointed as an Independent Director of the Company. He possesses an extensive legal background, with expertise encompassing corporate legal advisory and transactional work, and extensive experience in capital markets, mergers and acquisitions. He joined Lee & Lee as a partner in 2017, where he has remained in the role since.

About YY Group Holding Limited

YY Group Holding Limited is a Singapore-based provider of hotel and hospitality staffing and commercial cleaning and janitorial services. Rooted in innovation and a commitment to user-centric experiences, YY Circle leverages app-based technology to enhance the labor sourcing market and the Internet of Things to revolutionize the cleaning industry.

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

Cautionary Note Regarding Forward-Looking Statements

This press release comprises forward-looking statements that are subject to various risks and uncertainties. These statements include assertions regarding the Company’s ability to expand its business and other statements that are not historical facts, including statements that may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Actual results could diverge materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of Coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (SEC). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements in this release, except in accordance with applicable law.

Contact Information:

Singapore Investor Contact
Phua Zhi Yong, Chief Financial Officer
YY Group

U.S. Investor Contact
Jack Perkins
KCSA Strategic Communications