Treasure Global Enters Into Three Subscription Agreements With Board Members, Raising ~$1.2M

Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a Southeast Asia–anchored technology company focused on AI-powered enterprise solutions and digital transformation, today announced that it has entered into three subscription agreements with members of its Board of Directors, raising approximately US$1.2 million.

The private placement involves Sam Teo, Executive Director cum Acting Chief Executive Officer; Pusparajan A/L Vadiveloo, Chief Financial Officer; and Chan Meng Chun, Executive Director, with each subscribing for approximately US$400,000 of common stock.

The participation of the Company’s executive directors reflects their strong conviction in Treasure Global’s long-term growth potential and strategic direction. The Company expects additional capital to strengthen its financial position and provide greater flexibility to advance its business development priorities and long-term growth initiatives.