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Treasure Global Inc (NASDAQ:TGL) announced Monday that Sook Lee Chin has resigned as chief financial officer, effective July 1, 2025. The company’s board of directors has appointed See Wah “Sylvia” Chan as the new chief financial officer, also effective July 1.
According to a statement based on a SEC filing, Ms. Chan and Treasure Global entered into an Appointment Letter Agreement dated June 30, 2025. Under the agreement, Ms. Chan will receive a monthly remuneration of RM 19,000. She will also be entitled to $80,000 worth of company common stock annually, subject to vesting schedules and other restrictions in line with the company’s equity compensation plan.
The agreement allows either party to terminate employment with three months’ written notice or salary in lieu of notice. Upon termination, Ms. Chan will be subject to a one-year non-solicitation period regarding the company’s employees and clients.
Ms. Chan, age 34, has served as Treasure Global’s deputy CFO since June 18, 2025. She is a qualified Chartered Accountant, a member of the Malaysian Institute of Accountants, and a fellow member of the Association of Chartered Certified Accountants. Prior to joining Treasure Global, she was the group financial controller of a public listed company.
Treasure Global’s common stock is listed on the Nasdaq Stock Market under the ticker TGL. The information in this article is based on a press release statement and a filing with the Securities and Exchange Commission.
In other recent news, Treasure Global Inc. has launched a $100 million digital asset initiative to enhance its digital infrastructure. This initiative is funded through $50 million from an existing equity financing agreement and an additional $50 million from a new institutional commitment. The company plans to acquire blockchain-native assets like Bitcoin and Ethereum to support its upcoming AI-powered consumer intelligence platform, which is set to launch in Q3 2025. In another development, Treasure Global has implemented a 1-for-50 reverse stock split of its common stock, effective immediately. This corporate action was approved by the Board of Directors and shareholders, and the company’s stock now trades under adjusted terms on The Nasdaq Stock Market. The reverse stock split is part of the company’s strategy to manage its financial and equity structure without altering the percentage interest of any stockholder. Treasure Global’s flagship app, ZCITY, continues to expand its digital coupon capabilities, serving over 2.7 million registered users. These strategic moves aim to position Treasure Global at the forefront of digital commerce and blockchain infrastructure.
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