Treasure Global Inc. has announced that its wholly owned subsidiary, Tadaa Technologies Sdn Bhd, entered into a Software Development Agreement on October 21, 2026, with Techcom Vintage Sdn Bhd. The agreement involves the development of a centralized fertilizer subsidy traceability and AI agriculture intelligence ecosystem known as the Government Smart Fertilizer Traceability & AI Agriculture Intelligence Programme.
The Platform is intended to support subsidy programs administered by participating government ministries, departments, agencies, and statutory bodies. The development is to be executed in five distinct phases, with specific timelines tied to the effective date of the Agreement:
- Phase 1: Strategic planning, architecture, and an RFID proof of concept, scheduled for completion within one month.
- Phase 2: Core inventory, RFID, and farmer platform, scheduled for completion within three months.
- Phase 3: Intelligent logistics and GPS distribution, scheduled for completion within three months.
- Phase 4: AI agriculture and farmer intelligence, scheduled for completion within three months.
- Final Phase: Integration and handover, scheduled for completion within ten months.
Tadaa will pay the Developer fixed software development fees totaling RM8,000,000, inclusive of all costs and Malaysian sales and service tax. The payment schedule is divided into six milestones: a mobilization payment of RM4,000,000 (50%) within two business days of signing, followed by payments of RM1,200,000 (15%) upon acceptance of Phases 1 and 2, RM800,000 (10%) upon acceptance of Phase 3, RM600,000 (7.5%) upon acceptance of Phase 4, and RM200,000 (2.5%) upon final acceptance.
The Developer is responsible for supplying all hardware, including RFID tags, readers, GPS, and telematics devices, along with related documentation. All intellectual property rights in the software and deliverables will vest exclusively in Tadaa. The Agreement is governed by Malaysian law, and the Developer is required to comply with Malaysia’s Personal Data Protection Act 2010.
