Recent Securities Litigations

Yalla Group Limited American Depositary Shares each representing one Class A Ordinary Share (NYSE: YALA)

Company Name:Yalla Group Limited American Depositary Shares each representing one Class A Ordinary Share
Stock Symbol:NYSE: YALA
Class Period Start:09/30/2020
Class Period End (inclusive):08/09/2021

The Complaint alleges that throughout the Class Period, Yalla and its CEO made materially false and misleading statements regarding the Company’s business and financial metrics. Specifically, the Complaint alleges Defendants made false and/or misleading statements regarding, and/or failed to disclose that the Company overstated its user metrics and revenue and, as a result, the Company’s public statements were materially false and misleading at all relevant times.