Treasure Global Announces 12-Month Voluntary Lock-Up by Major Shareholders Covering Over 51% of Outstanding Shares
Treasure Global (NASDAQ: TGL) announced a voluntary 12-month lock-up effective November 14, 2025 covering over 51% of outstanding shares. The agreement covers shares directly or indirectly owned by 24 participating entities and individuals, and includes securities convertible into Company shares. Signatories pledged not to sell, transfer, pledge, or otherwise dispose of covered shares for 12 months, subject to standard exceptions like gifts, family transfers, or employee benefit plans that do not enter the public market.
The Company instructed its transfer agent to place stop-transfer notations on covered positions, broker confirmations were provided by participants, and any waiver requires Board approval. Management said the lock-up supports strategic execution on initiatives such as the OXI Wallet and UNIRWA token program and aims to promote market stability and long-term alignment.
Treasure Global (NASDAQ: TGL) ha annunciato una blocco forzato volontario di 12 mesi efficace dal 14 novembre 2025 che copre oltre il 51% delle azioni in circolazione. L'accordo riguarda azioni possedute direttamente o indirettamente da 24 entità e individui partecipanti, e comprende titoli convertibili in azioni della Società. I firmatari hanno promesso di non vendere, trasferire, impegnare o dispiegare in altro modo le azioni coperte per 12 mesi, soggetti a eccezioni standard come doni, trasferimenti familiari o piani di benefici per i dipendenti che non entrano nel mercato pubblico.
La Società ha incaricato il proprio agente di trasferimento di apporre annotazioni di blocco del trasferimento sulle posizioni coperte, le conferme dei broker sono state fornite dai partecipanti, e qualsiasi deroga richiede l'approvazione del Consiglio. La direzione ha detto che il lock-up sostiene l'esecuzione strategica di iniziative quali il portafoglio OXI e il programma di token UNIRWA e mira a promuovere la stabilità del mercato e l'allineamento a lungo termine.
Treasure Global (NASDAQ: TGL) anunció un bloqueo voluntario de 12 meses efectivo a partir del 14 de noviembre de 2025 que cubre más del 51% de las acciones en circulación. El acuerdo cubre acciones poseídas directa o indirectamente por 24 entidades e individuos participantes, e incluye valores convertibles en acciones de la Compañ&ī;a. Los signatarios se comprometieron a no vender, transferir, prendar, o disponer de las acciones cubiertas durante 12 meses, sujeto a excepciones estándar como regalos, transferencias familiares o planes de beneficios para empleados que no ingresan al mercado público.
La Compañía indicó a su agente de transferencia que coloque notas de detención de transferencia en las posiciones cubiertas, las confirmaciones de los corredores fueron proporcionadas por los participantes, y cualquier exención requiere la aprobación de la Junta. La dirección afirmó que el bloqueo respalda la ejecución estratégica de iniciativas como la Billetera OXI y el programa de tokens UNIRWA y tiene como objetivo promover la estabilidad del mercado y la alineación a largo plazo.
Treasure Global (NASDAQ: TGL)는 12개월 간의 잠금 해제 자발적 발표를 했으며 2025년 11월 14일에 효력이 발생하며 유통 주식의 51% 이상를 커버합니다. 이 계약은 24개 참여 기관 및 개인이 직접적으로 또는 간접적으로 보유한 주식과 회사 주식으로 전환될 수 있는 증권을 포함합니다. 서명자는 12개월 동안 커버된 주식을 매각, 양도, 담보 설정 또는 기타 처분하지 않기로 약속했고, 선물, 가족 간 이전, 또는 공공시장에 진입하지 않는 직원 복리후생 계획과 같은 표준 예외가 적용됩니다.
회사는 양도 대리인에게 커버된 포지션에 이전 중단 표지를 두도록 지시했고, 중개인 확인은 참가자에 의해 제공되었으며 모든 면제는 이사회 승인이 필요합니다. 경영진은 이 록업이 OXI 월렛 및 UNIRWA 토큰 프로그램과 같은 이니셔티브의 전략적 실행을 지원하고 시장 안정성과 장기 정렬을 촉진하는 것을 목표로 한다고 말했습니다.
Treasure Global (NASDAQ: TGL) a annoncé un verrouillage volontaire de 12 mois effectif à partir du 14 novembre 2025 couvrant plus de 51% des actions en circulation. L'accord couvre les actions détenues directement ou indirectement par 24 entités et personnes participant à l'opération, et inclut des valeurs mobilières convertibles en actions de la Société. Les signataires se sont engagés à ne pas vendre, transférer, mettre en gage ou disposer autrement des actions couvertes pendant 12 mois, sous réserve des exceptions standard telles que dons, transferts familiaux ou plans d'avantages pour les employés qui n'entrent pas sur le marché public.
La Société a demandé à son agent de transfert d'apposer des notations de blocage de transfert sur les positions couvertes, les confirmations des courtiers ont été fournies par les participants, et toute dérogation nécessite l'approbation du Conseil. La direction a samedi que le verrouillage soutient l'exécution stratégique d'initiatives telles que le portefeuille OXI et le programme de jetons UNIRWA et vise à promouvoir la stabilité du marché et l'alignement à long terme.
Treasure Global (NASDAQ: TGL) kündigte eine freiwillige 12-monatige Sperrfrist an, die ab dem 14. November 2025 in Kraft tritt und über 51% der ausstehenden Aktien abdeckt. Die Vereinbarung deckt direkt oder indirekt besessene Aktien von 24 teilnehmenden Einheiten und Personen ab und schließt Wertpapiere ein, die in Aktien des Unternehmens wandelbar sind. Unterzeichner versprachen, die abgedeckten Aktien für 12 Monate weder zu verkaufen, zu übertragen, zu verpfänden noch anders zu veräußern, vorbehaltlich standardmäßiger Ausnahmen wie Schenkungen, familiäre Übertragungen oder Mitarbeitervorteilspläne, die nicht auf den öffentlichen Markt gelangen.
Das Unternehmen beauftragte seinen Transferagenten, Transfer-Stopps auf die abgedeckten Positionen zu setzen; Broker-Bestätigungen wurden von den Teilnehmern bereitgestellt, und jede Ausnahmeregelung erfordert die Zustimmung des Vorstands. Das Management sagte, dass der Lock-up die strategische Umsetzung von Initiativen wie der OXI-Wallet und dem UNIRWA-Token-Programm unterstützt und darauf abzielt, Marktstabilität und langfristige Ausrichtung zu fördern.
Treasure Global (NASDAQ: TGL) أعلن عن قفل تطوعي لمدة 12 شهراً فعال اعتباراً من 14 نوفمبر 2025 يغطي أكثر من 51% من الأسهم القائمة. يغطي الاتفاق الأسهم المملوكة مباشرة أو غير مباشرة من قبل 24 كياناً وأفراد شاركوا، ويشمل أوراقاً مالية قابلة للتحويل إلى أسهم الشركة. تعهّد الموقعون بعدم البيع أو النقل أو الرهن أو التصرف بأي طريقة أخرى في الأسهم المغطاة لمدة 12 شهراً، مع استثناءات معيارية مثل الهدايا أو التحويلات العائلية أو خطط مزايا الموظفين التي لا تدخل السوق العامة.
أمرته الشركة بوضع ملاحظات وقف النقل على المراكز المغطاة، وتم توفير تأكيدات الوسطاء من قبل المشاركين، وأي تنازل يتطلّب موافقة المجلس. قال المديرون إن القفل يدعم التنفيذ الاستراتيجي لمبادرات مثل محفظة OXI وبرنامج توكن UNIRWA ويهدف إلى تعزيز استقرار السوق وتوحيد الرؤية على المدى الطويل.
- Voluntary lock-up covers over 51% of shares
- Lock-up effective Nov 14, 2025 for 12 months
- Participating group includes 24 entities and individuals
- Company placed stop-transfer notations to enforce restrictions
- Public float materially reduced by 51%+ for 12 months
- Reduced secondary-market liquidity for TGL during lock-up
Insights
Major shareholders voluntarily locking over 51% for 12 months signals strong insider alignment and materially reduces free float.
The lock-up binds 24 entities and individuals, including executive directors Chan Meng Chun and Teo Chong Chan, from selling or transferring shares for 12 months starting
Lower float can reduce short-term volatility and deter activist or opportunistic sellers, while concentrating voting power among locked-up stakeholders. The arrangement also limits immediate liquidity and may delay market price discovery until the lock-up expires.
Watch for three near-term items: confirmations from brokers and the transfer agent within weeks, any board approvals of exceptions during the 12-month period, and share movement once the lock-up ends around
KUALA LUMPUR, Malaysia, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company, today announced that several of its major shareholders have voluntarily committed to a 12-month lock-up covering over
The participating shareholders include 24 entities and individuals, representing over
Under the agreement, the signatories have pledged not to sell, transfer, pledge, or otherwise dispose of any common stock or securities convertible into Company shares for a period of 12 months, starting November 14, 2025. Standard exceptions permit certain transactions, such as gifts, family transfers, or inclusion in employee benefit plans, provided that the shares do not enter the public market.
During this period, any disposition of the locked-up shares requires the Company’s prior approval, ensuring alignment with Treasure Global’s strategic objectives.
The lock-up is supported by a group of major shareholders, including Treasure Global’s executive directors, Chan Meng Chun and Teo Chong Chan, as well as long-standing investors, strategic business partners, and employees participating through ESOS. Collectively, these stakeholders represent a meaningful portion of the Company’s shareholder base and reflect unwavering confidence in Treasure Global’s strategic direction and long-term growth roadmap.
“This voluntary lock-up of over
During the lock-up period, the Company has instructed its transfer agent to place stop-transfer notations on the covered positions, and each participating shareholder has provided broker confirmations reflecting the restrictions. Any waiver requires prior approval from the Board.
Milestones and Growth Initiatives
This voluntary lock-up follows key milestones in Treasure Global’s fintech and digital asset initiatives, including development of the OXI Wallet platform and the UNIRWA token program. These advancements underscore the Company’s commitment to long-term growth, innovation, and expansion in AI, fintech, and real-world asset tokenization.
Treasure Global continues to strengthen its treasury management capabilities to ensure its financial resources are optimized for growth. The alignment between the Company and its long-term shareholders will support sustained value creation as Treasure Global executes its strategic roadmap.
About Treasure Global:
Treasure Global is a Malaysia-based technology solutions provider specializing in innovative platforms that drive digital transformation in retail and services. The Company’s flagship product is the ZCITY Super App, which integrates e-payment solutions with customer loyalty rewards to create a seamless online-to-offline user experience. As of June 2025, ZCITY has attracted over 2.7 million registered users, positioning Treasure Global as a key player in Malaysia’s digital economy. Treasure Global continuously leverages cutting-edge technologies, including artificial intelligence and data analytics, to enhance its platform’s capabilities across e-commerce, fintech, and other verticals.
Visit treasureglobal.org for more information.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect the Company’s current expectations, assumptions, and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements typically include terminology such as “anticipates,” “believes,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” or similar expressions.
Factors that could cause actual results to differ materially include, without limitation, the Company’s ability to expand its e-commerce platform and F&B distribution business, customer acceptance of new products and services, changes in economic conditions affecting its operations, the outcome of partnership discussions, the impact of global health crises, supply chain disruptions, competition, and regulatory risks related to data privacy and security. Additional risks include volatility in digital asset markets, potential vulnerabilities in custodial security, and evolving global and domestic regulatory frameworks applicable to blockchain technologies. These risks, along with other factors, are discussed in more detail in the Company’s filings with the U.S. Securities and Exchange Commission.
The forward-looking statements in this press release speak only as of the date hereof. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
CONTACT
Investor and media contact:
Investor Relations Team
Treasure Global
ir_us@treasureglobal.org
FAQ
What exactly did Treasure Global (TGL) announce on November 14, 2025?
Which shareholders are part of the TGL lock-up and how many shares are covered?
What transactions are restricted under the TGL 12-month lock-up?
How is Treasure Global enforcing the TGL lock-up?
How might the TGL lock-up affect stock liquidity and market stability?
