YY Group Holding Ltd. (NASDAQ: YYGH)

YY Group Holding Ltd., also known as YYGH, is a data and technology-driven company that operates in the enterprise intelligent labor matching services and smart cleaning services industry. The company was established in the British Virgin Islands in 2023 and has since established itself as a trusted and experienced manpower supplier in the traditional recruitment industry.

YYGH's main business activities are centered around its manpower outsourcing and smart cleaning services. The company's manpower outsourcing service segment is anchored by its proprietary technology innovation, the YY App, which is a one-stop intelligent manpower outsourcing platform that simplifies and streamlines the staffing process for its customers. The app allows users to find part-time and full-time job openings, apply for jobs, and receive payment for their services. The company's customers can post job openings and manage their staffing needs through the app, which provides a range of features, including job matching, screening, onboarding, and training. YYGH's smart cleaning services segment provides a comprehensive range of professional cleaning and janitorial services to its customers. The company uses state-of-the-art technologies, such as cleaning robots and machines, to enhance the quality and efficiency of its cleaning services. The company's YY Smart iClean App is an all-in-one smart toilet central management platform that improves productivity and resource efficiency, while also delivering significant cost savings. The app integrates automated sensors and IoT devices to collect real-time data on restroom usage patterns, maintenance requirements, and cleaning schedules.

The company generates revenue primarily through the fees charged to its customers for successfully recruiting users through its platform. The fees charged to its customers for each successfully recruited user are calculated based on the remuneration proposed by the customer multiplied by the hours worked by the user. The company also generates revenue from its smart cleaning services segment, which provides a range of professional cleaning and janitorial services to its customers.

YYGH's competitive advantages include its extensive network of employers and job seekers, its proprietary technology innovation, and its ability to provide high-quality services to its customers. The company's key competitors in the manpower outsourcing industry are other online staffing platforms, while its competitors in the smart cleaning services industry are other cleaning and janitorial service providers.

YYGH's customers include a broad range of industries, such as hotels, food and beverage outlets, luxury shopping malls, and 4-5-star hotels. The company's customers can post job openings and manage their staffing needs through the YY App.

The brand names and/or trade names of its products and services that could be found in this document include the YY App, the YY Smart iClean App, and the company's manpower outsourcing and smart cleaning services.

YYGH's business is subject to various laws and regulations, including the Central Provident Fund Act 1953 of Singapore, the Employment Act 1968 of Singapore, the Employment of Foreign Manpower Act 1990 of Singapore, the Employment Agencies Act 1958 of Singapore, and the Environmental Public Health Act 1987 of Singapore. The company is also subject to the regulations of the Monetary Authority of Singapore and the Singapore Exchange.

YYGH has obtained a cleaning business license and its directors believe that the company would be able to satisfy the requirements to maintain its cleaning business license under the new regulatory framework. In Malaysia, YYGH is subject to various laws and regulations, including the Employment Act 1955, the Industrial Relations Act 1967, the Immigration Act 1959/63, the National Wages Consultative Council Act 2011, the Minimum Retirement Age Act 2012, the Occupational Health and Safety Act 1994, the Employees' Minimum Standards of Housing, Accommodations and Amenities Act 1990, the Employees' Social Security Act 1969, the Employees Provident Fund Act 1991, the Employment Insurance System Act 2017, the Trade Union Act 1959, the Income Tax (Deduction From Remuneration) Rules 1994, and the Personal Data Protection Act 2010 and Personal Data Protection Regulations 2013. YYGH believes that it is in compliance with the provisions of these laws and regulations.