Treasure Global (TGL) Registration Filing summary

Company overview and business model

• Operates an online-to-offline e-commerce platform (ZCITY App) offering instant rebates, affiliate cashback, and seamless e-payment solutions for both online and physical retailers in Malaysia and Southeast Asia.

• ZCITY App leverages proprietary AI to deliver personalized deals, analyze consumer behavior, and run targeted rewards campaigns.

• Revenue streams include e-commerce activities, merchant services, and membership subscription fees, categorized as product/loyalty program revenue, transaction revenue, and agent subscription revenue.

• As of January 22, 2024, the platform had 2,707,272 registered users and 2,027 registered merchants.

• Strategic partnerships with local payment gateways and service providers enhance user engagement and merchant offerings.

Financial performance and metrics

• As of January 27, 2025, 46,632,655 shares of common stock were issued and outstanding, held by 38 stockholders of record.

• No cash dividends have been declared since inception; all earnings are retained for working capital and business growth.

• The company has previously sold 22,328,993 shares to Alumni Capital for approximately $5,884,720 under the Purchase Agreement.

Use of proceeds and capital allocation

• May receive up to $44,115,279 in proceeds from the sale of common stock to Alumni Capital under the Purchase Agreement.

• Proceeds are intended for general corporate purposes, including working capital, research, development, and administrative expenses.

• No binding agreements for acquisitions, but the company is exploring potential acquisition candidates.