# EDGAR Filing Document

**Accession Number:** 0001843359
**File Stem:** 0000950170-23-002608
**Filing Date:** 2023-2
**Character Count:** 20474
**Document Hash:** 6e972079e38f83d0a5ff5a056cd6f161
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-23-002608.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0000950170-23-002608

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**GROUP MEMBERS**: WINDBELL HOLDINGS LTD

**GROUP MEMBERS**: WINDBELL LTD

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Yalla Group Ltd
- **CENTRAL INDEX KEY:** 0001794350
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92076
- **FILM NUMBER:** 23618364

**BUSINESS ADDRESS:**
- **STREET 1:** #238, BUILDING 16
- **STREET 2:** DUBAI INTERNET CITY
- **CITY:** DUBAI
- **STATE:** C0
- **ZIP:** 00000
- **BUSINESS PHONE:** 86-571-89807962

**MAIL ADDRESS:**
- **STREET 1:** 9TH FLOOR, BUILDING E, CHENGXI YINTAI
- **STREET 2:** GONGSHU DISTRICT
- **CITY:** HANGZHOU, ZHEJIANG PROVINCE
- **STATE:** F4
- **ZIP:** 310011

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FYXTech Corp
- **DATE OF NAME CHANGE:** 20191115
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Xu Jianfeng
- **CENTRAL INDEX KEY:** 0001843359

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**MAIL ADDRESS:**
- **STREET 1:** ROOM 1804, JINLONG BUILDING, NO. 139
- **STREET 2:** HONGBAO ROAD, CAIWUWEI, LUOHU DISTRICT
- **CITY:** SHENZHEN
- **STATE:** F4
- **ZIP:** 518001

---

| |
|:---|
| **UNITED STATES** |
| **SECURITIES AND EXCHANGE COMMISSION** |
| **Washington, D.C. 20549** |

---

**SCHEDULE 13G**

**Under the Securities Exchange Act of 1934<br>(Amendment No. 2)\***

**Yalla Group Limited** 

(Name of Issuer)

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

(Title of Class of Securities)

**98459U 103**<sup>(1)</sup>

(CUSIP Number)

**December 31, 2022**

(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)

\*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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(1) This CUSIP number applies to the Issuer's American Depositary Shares, each representing one Class A ordinary share.

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**SCHEDULE 13G**

**CUSIP No.** <br>**98459U 103**<br>

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| | | | | |
|:---|:---|:---|:---|:---|
| 1 | Names of Reporting Persons<br>Jianfeng Xu | Names of Reporting Persons<br>Jianfeng Xu | Names of Reporting Persons<br>Jianfeng Xu | Names of Reporting Persons<br>Jianfeng Xu |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) | Check the Appropriate Box if a Member of a Group (See Instructions) | Check the Appropriate Box if a Member of a Group (See Instructions) | Check the Appropriate Box if a Member of a Group (See Instructions) |
|  | (a) | (a) | ☐ | ☐ |
|  | (b) | (b) | ☐ | ☐ |
| 3 | SEC Use Only  | SEC Use Only  | SEC Use Only  | SEC Use Only  |
| 4 | Citizenship or Place of Organization <br>People's Republic of China | Citizenship or Place of Organization <br>People's Republic of China | Citizenship or Place of Organization <br>People's Republic of China | Citizenship or Place of Organization <br>People's Republic of China |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 5 | 5 | Sole Voting Power <br>9,286,326(1)  |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 6 | 6 | Shared Voting Power <br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 7 | 7 | Sole Dispositive Power <br>9,286,326(1)  |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 8 | 8 | Shared Dispositive Power <br>0 |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9,286,326(1)  | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9,286,326(1)  | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9,286,326(1)  | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9,286,326(1)  |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ |
| 11 | Percent of Class Represented by Amount in Row (9)<br>7.0% of Class A ordinary shares(2) | Percent of Class Represented by Amount in Row (9)<br>7.0% of Class A ordinary shares(2) | Percent of Class Represented by Amount in Row (9)<br>7.0% of Class A ordinary shares(2) | Percent of Class Represented by Amount in Row (9)<br>7.0% of Class A ordinary shares(2) |
| 12 | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

---

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(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) 1,720,000 Class A ordinary shares that Mr. Xu has the right to receive within 60 days after December 31, 2022.

(2) The percentage of the class of securities beneficially owned by each reporting person is calculated based on a total of 131,255,019 Class A ordinary shares of the Issuer issued and outstanding as of December 31, 2022, based on information provided by the Issuer. Beneficial ownership information is presented as of December 31, 2022.

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| | | | | |
|:---|:---|:---|:---|:---|
| 1 | Names of Reporting Persons<br>Windbell Holdings Limited | Names of Reporting Persons<br>Windbell Holdings Limited | Names of Reporting Persons<br>Windbell Holdings Limited | Names of Reporting Persons<br>Windbell Holdings Limited |
| 2  | Check the Appropriate Box if a Member of a Group (See Instructions) | Check the Appropriate Box if a Member of a Group (See Instructions) | Check the Appropriate Box if a Member of a Group (See Instructions) | Check the Appropriate Box if a Member of a Group (See Instructions) |
|  | (a) | (a) | ☐ | ☐ |
|  | (b) | (b) | ☐ | ☐ |
| 3 | SEC Use Only  | SEC Use Only  | SEC Use Only  | SEC Use Only  |
| 4 | Citizenship or Place of Organization <br>British Virgin Islands | Citizenship or Place of Organization <br>British Virgin Islands | Citizenship or Place of Organization <br>British Virgin Islands | Citizenship or Place of Organization <br>British Virgin Islands |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | 5 | 5 | Sole Voting Power <br>7,366,326(3)  |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | 6 | 6 | Shared Voting Power <br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | 7 | 7 | Sole Dispositive Power <br>7,366,326(3) |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | 8 | 8 | Shared Dispositive Power <br>0 |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7,366,326(3) | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7,366,326(3) | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7,366,326(3) | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7,366,326(3) |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ |
| 11 | Percent of Class Represented by Amount in Row (9)<br>5.6% of Class A ordinary shares(4) | Percent of Class Represented by Amount in Row (9)<br>5.6% of Class A ordinary shares(4) | Percent of Class Represented by Amount in Row (9)<br>5.6% of Class A ordinary shares(4) | Percent of Class Represented by Amount in Row (9)<br>5.6% of Class A ordinary shares(4) |
| 12 | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

---

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(3) Represents 7,366,326 Class A ordinary shares held by WindBell Limited.

(4) The percentage of the class of securities beneficially owned by each reporting person is calculated based on a total of 131,255,019 Class A ordinary shares of the Issuer issued and outstanding as of December 31, 2022, based on information provided by the Issuer. Beneficial ownership information is presented as of December 31, 2022.

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| | | | | |
|:---|:---|:---|:---|:---|
| 1 | Names of Reporting Persons<br>WindBell Limited | Names of Reporting Persons<br>WindBell Limited | Names of Reporting Persons<br>WindBell Limited | Names of Reporting Persons<br>WindBell Limited |
| 2  | Check the Appropriate Box if a Member of a Group (See Instructions) | Check the Appropriate Box if a Member of a Group (See Instructions) | Check the Appropriate Box if a Member of a Group (See Instructions) | Check the Appropriate Box if a Member of a Group (See Instructions) |
|  | (a) | (a) | ☐ | ☐ |
|  | (b) | (b) | ☐ | ☐ |
| 3 | SEC Use Only  | SEC Use Only  | SEC Use Only  | SEC Use Only  |
| 4 | Citizenship or Place of Organization <br>British Virgin Islands | Citizenship or Place of Organization <br>British Virgin Islands | Citizenship or Place of Organization <br>British Virgin Islands | Citizenship or Place of Organization <br>British Virgin Islands |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | 5 | 5 | Sole Voting Power <br>7,366,326(5) |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | 6 | 6 | Shared Voting Power <br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | 7 | 7 | Sole Dispositive Power <br>7,366,326(5) |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With:  | 8 | 8 | Shared Dispositive Power <br>0 |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7,366,326(5) | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7,366,326(5) | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7,366,326(5) | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7,366,326(5) |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ |
| 11 | Percent of Class Represented by Amount in Row (9)<br>5.6% of Class A ordinary shares(6)  | Percent of Class Represented by Amount in Row (9)<br>5.6% of Class A ordinary shares(6)  | Percent of Class Represented by Amount in Row (9)<br>5.6% of Class A ordinary shares(6)  | Percent of Class Represented by Amount in Row (9)<br>5.6% of Class A ordinary shares(6)  |
| 12 | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

---

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(5) Represents 7,366,326 Class A ordinary shares held by WindBell Limited.

(6) The percentage of the class of securities beneficially owned by each reporting person is calculated based on a total of 131,255,019 Class A ordinary shares of the Issuer issued and outstanding as of December 31, 2022, based on information provided by the Issuer. Beneficial ownership information is presented as of December 31, 2022.

------

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| | |
|:---|:---|
| **Item 1.** | **Item 1.** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (a) | Name of Issuer:<br>Yalla Group Limited |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (b) | Address of Issuer's Principal Executive Offices:

#238, Building 16 <br>Dubai Internet City <br>Dubai <br>United Arab Emirates<br>|
| **Item 2.** | **Item 2.** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (a) | Name of Person Filing:<br>(i) Jianfeng Xu;<br>(ii) Windbell Holdings Limited ("Windbell Holdings"), a limited liability company established in the British Virgin Islands; and<br>(iii) WindBell Limited ("WindBell"), a limited liability company established in the British Virgin Islands. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (b) | Address of Principal Business Office or, if none, Residence:<br>(i) The address of the principal business office of Jianfeng Xu is #238, Building 16, Dubai Internet City, Dubai, United Arab Emirates.<br>(ii) The registered address of Windbell Holdings is Palm Grove House, P.O. Box 438, Road Town, Tortola, VG1110, British Virgin Islands.<br>(iii) The registered address of WindBell is Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola VG1110, British Virgin Islands. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (c) | Citizenship:<br>(i) Jianfeng Xu – People's Republic of China<br>(ii) Windbell Holdings – British Virgin Islands<br>(iii) WindBell – British Virgin Islands |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (d) | Title and Class of Securities:<br>Class A ordinary shares, par value US$0.0001 per share |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (e) | CUSIP No.:<br>98459U 103 |
| **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:** |
|  | Not applicable. |

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| | |
|:---|:---|
| **Item 4.** | **Ownership**  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Reporting<br>Person(1)** | **Amount<br>beneficially<br>owned(1)** | **Percent of<br>class(2)** | **Sole power<br>to vote or<br>direct to<br>vote(1)** | **Shared<br>power to<br>vote or to<br>direct the<br>vote** | **Sole power<br>to<br>dispose or<br>to<br>direct the<br>disposition<br>of(1)** | **Shared<br>power<br>to dispose<br>or<br>to direct the<br>disposition<br>of** |
| Jianfeng Xu | 9286326  | 7.0% | 9286326 | 0 | 9286326 | 0 |
| Windbell Holdings | 7366326  | 5.6% | 7366326 | 0 | 7366326 | 0 |
| WindBell | 7366326  | 5.6% | 7366326 | 0 | 7366326 | 0 |

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(1) As of December 31, 2022, WindBell held 7,366,326 of the Issuer's Class A ordinary shares. WindBell is controlled by Windbell Holdings, which is in turn controlled by a trust of which Mr. Jianfeng Xu is the settlor and Mr. Xu and his family members are beneficiaries. Under the terms of this trust, Mr. Xu has the power to direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to, the shares held by WindBell in the Issuer. Accordingly, each of Mr. Xu and Windbell Holdings may thereby be deemed to beneficially own the 7,366,326 Class A ordinary shares held by WindBell.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, Mr. Xu held 200,000 Class A ordinary shares as of December 31, 2022 and has the right to receive 1,720,000 Class A ordinary shares within 60 days after December 31, 2022.

(2) The percentage of the class of securities beneficially owned by each reporting person is calculated based on 131,255,019 Class A ordinary shares of the Issuer issued and outstanding as of December 31, 2022.

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| | |
|:---|:---|
| **Item 5.** | **Ownership of Five Percent or Less of a Class.** |
| Not applicable. | Not applicable. |
| **Item 6.** | **Ownership of More than Five Percent on Behalf of Another Person.** |
| Not applicable. | 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. | Not applicable. |
| **Item 8.** | **Identification and Classification of Members of the Group.** |
| Not applicable. | Not applicable. |
| **Item 9.** | **Notice of Dissolution of Group.** |
| Not applicable. | Not applicable. |
| **Item 10.** | **Certifications.** |
| Not applicable. | Not applicable. |

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**SIGNATURES**

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: February 13, 2023

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| | |
|:---|:---|
| **Jianfeng Xu**  | **Jianfeng Xu**  |
| /s/ Jianfeng Xu | /s/ Jianfeng Xu |
| Name: | Jianfeng Xu |
| **Windbell Holdings Limited** | **Windbell Holdings Limited** |
| By: | /s/ Cassandra Fish-Myles and Conrad Proud |
| Name: | Cassandra Fish-Myles and Conrad Proud<br>on behalf of Equitas Limited & Probitas Limited |
| Title: | Director |
| **WindBell Limited** | **WindBell Limited** |
| By: | /s/ Jianfeng Xu |
| Name: | Jianfeng Xu |
| Title: | Director |

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**EXHIBIT INDEX**

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [<u>Joint Filing Agreement</u>](yala-ex99_1.htm) |

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## Ex-99

**Exhibit 99.1**

**Joint Filing Agreement**

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A ordinary shares, US$0.0001 par value per share, of Yalla Group Limited, a Cayman Islands company, and that this Agreement may be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

[Signature Page Follows]

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IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 13, 2023.

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| | |
|:---|:---|
| Jianfeng Xu | Jianfeng Xu |
| /s/ Jianfeng Xu | /s/ Jianfeng Xu |
| Name: Jianfeng Xu | Name: Jianfeng Xu |
| Windbell Holdings Limited | Windbell Holdings Limited |
| By: | /s/ Cassandra Fish-Myles and Conrad Proud |
| Name: | Cassandra Fish-Myles and Conrad Proud<br>on behalf of Equitas Limited & Probitas Limited |
| Title: | Director |
| WindBell Limited | WindBell Limited |
| By: | /s/ Jianfeng Xu |
| Name: | Jianfeng Xu |
| Title: | Director |

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