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 offline merchants in Malaysia and Southeast Asia.

• Utilizes proprietary AI to deliver personalized deals, analyze consumer behavior, and run targeted rewards campaigns, aiming to differentiate in a competitive market.

• Revenue streams include e-commerce activities, merchant services, and membership subscriptions, with both consumer-facing and merchant-facing components.

• As of June 9, 2025, the platform had 2,707,965 registered users and 2,027 registered merchants.

• Recent developments include a 51% acquisition of Tien Ming Distribution for warehousing and fulfillment, and partnerships for mini-game modules and AI solutions to enhance the app.

Financial performance and metrics

• As of June 9, 2025, 3,807,842 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.

Use of proceeds and capital allocation

• May receive up to $38,262,664 from share sales to Alumni Capital and up to $5,000,000 from warrant exercises, with proceeds intended for general corporate purposes, including working capital and research and development.

• No binding agreements for acquisitions, but actively exploring opportunities.