JOYY Inc.

We commenced operations in April 2005 with the establishment of Guangzhou Huaduo in mainland China. In July 2011, we established an exempted company with limited liability in the Cayman Islands, YY Inc., as our holding company. On November 21, 2012, our ADSs were listed on The Nasdaq Stock Market under the symbol YY. Effective December 20, 2019, we changed our corporate name from YY Inc. to JOYY Inc. We began trading under the new corporate name on December 30, 2019. Effective March 31, 2025, we changed our trading symbol on The Nasdaq Stock Market from YY to JOYY. Since our inception, we have undergone significant strategic transformations, evolving through three distinct operational phases to transition from a regional market leader to a global social entertainment company, and finally into a globally diversified multi-engine technology ecosystem. Phase 1.0: Foundations in Mainland China (2005 2014). During this initial period, we focused on the development of the social entertainment industry in mainland China. We successfully incubated and scaled several market leading platforms including YY Live and Huya, establishing a leadership position in real-time video engagement and livestreaming technology within the PRC market. Phase 2.0: Strategic Globalization (2014 2021). In 2014, foreseeing massive global opportunities, we initiated a proactive globalization strategy to capture opportunities in international markets. This expansion was anchored by our investment in, and the subsequent full acquisition of, BIGO in March 2019.