Treasure Global appoints See Wah “Sylvia” Chan as new chief financial officer

Published 07/07/2025, 22:48
Treasure Global appoints See Wah “Sylvia” Chan as new chief financial officer

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.