Treasure Global Inc. (TGL) has entered into a Software Development Agreement with Mestiz Technology Sdn Bhd, a company incorporated under the laws of Malaysia. The agreement was executed on September 11, 2026.
Under the terms of the agreement, Treasure Global has engaged Mestiz Technology to construct a centralized Power BI business intelligence platform. The scope of the project encompasses the design, development, integration, and implementation of the solution across three specific business environments: lifestyle membership and retail, loyalty and digital ecosystem, and digital wallet and fintech. The objective of the platform is to transform operational and transactional data into actionable business intelligence, enabling management to monitor business performance, customer behavior, and operational risks through centralized dashboards.
The agreement is valid for a period of one year, commencing on the execution date. Mestiz Technology will be an independent contractor for the Company. The total consideration for the services is set at $2,000,000. This Service Fee may be paid in cash, common stock of Treasure Global (TGL Shares), or a combination of both, at the Company's discretion, according to a milestone schedule detailed in Appendix C of the agreement.
Regarding equity issuance, any TGL Shares issued as payment will be restricted stock for a period of six months from the date of issuance. The Company stated that it relied on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933 and/or Regulation S for these transactions.
