Treasure Global Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Treasure Global (NASDAQ: TGL) announced on Oct 24, 2025 that its Board approved inducement equity awards under Nasdaq Listing Rule 5635(c)(4). The Board approved the grants on Oct 22, 2025 to two new hires, Boon Souw Fung and Tan Ee Wei, as material inducements to join and remain employed.
Each grantee will receive an inducement award with a total grant value of USD 60,000, vesting on Oct 1, 2025, subject to continuous employment for 24 months from the Oct 1, 2025 commencement date. Awards will be settled in common stock per the Inducement Award Agreements approved by the Compensation Committee. The announcement was issued to comply with Nasdaq disclosure requirements.
Treasure Global (NASDAQ: TGL) ha annunciato il 24 ottobre 2025 che il suo Consiglio di Amministrazione ha approvato premi azionari di induzione ai sensi della Regola di quotazione Nasdaq 5635(c)(4). Il Consiglio ha approvato le assegnazioni il 22 ottobre 2025 per due nuovi assunti, Boon Souw Fung e Tan Ee Wei, come incentivi sostanziali per entrare e rimanere occupati.
Ogni destinatario otterrà un premio di induzione con un valore totale di USD 60.000, con maturazione al 1 ottobre 2025, soggetto a un impiego continuo per 24 mesi a partire dalla data di inizio del 1 ottobre 2025. I premi saranno regolati in azioni ordinarie secondo i Decreti di Induzione approvati dal Compensation Committee. L'annuncio è stato emesso per conformarsi alle esigenze di disclosure Nasdaq.
Treasure Global (NASDAQ: TGL) anunció el 24 de octubre de 2025 que su Junta aprobó premios de inducción de acciones bajo la Regla de listado de Nasdaq 5635(c)(4). La Junta aprobó las adjudicaciones el 22 de octubre de 2025 para dos nuevas contrataciones, Boon Souw Fung y Tan Ee Wei, como incentivos materiales para unirse y permanecer empleados.
Cada beneficiario recibirá un premio de inducción con un valor total de USD 60,000, que vestirá el 1 de octubre de 2025, sujeto a empleo continuo por 24 meses desde la fecha de inicio del 1 de octubre de 2025. Los premios se liquidarán en acciones ordinarias según los Acuerdos de Premio de Inducción aprobados por el Comité de Compensación. El anuncio se emitió para cumplir con los requisitos de divulgación de Nasdaq.
Treasure Global (NASDAQ: TGL)은 이사회가 나스닥 상장 규칙 5635(c)(4)에 따른 유인 주식 보상을 승인했다고 2025년 10월 24일 발표했다. 이사회는 2025년 10월 22일에 Boon Souw Fung 및 Tan Ee Wei의 두 신규 채용에 대해 입사 및 재직 유인을 위한 실질적 유인으로 보상을 승인했다.
각 수혜자는 USD 60,000의 총 보상 가치를 가지는 유인 보상을 받으며, 2025년 10월 1일 시작일로부터 24개월의 지속적 고용이 조건으로 2025년 10월 1일에 vesting 된다. 보상은 Compensation Committee가 승인한 Inducement Award Agreements에 따라 보통주로 Settled 된다. Nasdaq 공개 요건 준수를 위해 발표되었다.
Treasure Global (NASDAQ: TGL) a annoncé le 24 octobre 2025 que son conseil d'administration avait approuvé des attributions d'actions d'induction conformes à la Nasdaq Listing Rule 5635(c)(4). Le conseil a approuvé les attributions le 22 octobre 2025 pour deux nouvelles recrues, Boon Souw Fung et Tan Ee Wei, en tant qu'incitations matérielles à rejoindre et à rester employées.
Chaque bénéficiaire recevra une attribution d'induction d'une valeur totale de USD 60 000, qui vestira le 1er octobre 2025, sous réserve d'un emploi continu pendant 24 mois à partir de la date de début du 1er octobre 2025. Les attributions seront réglées en actions ordinaires conformément aux accords d'attribution d'induction approuvés par le comité de rémunération. L'annonce a été publiée pour se conformer aux exigences de divulgation de Nasdaq.
Treasure Global (NASDAQ: TGL) gab am 24. Oktober 2025 bekannt, dass ihr Vorstand Induktionsaktien unter der Nasdaq Listing Rule 5635(c)(4) genehmigt hat. Der Vorstand genehmigte die Zuwendungen am 22. Oktober 2025 für zwei neue Mitarbeiter, Boon Souw Fung und Tan Ee Wei, als wesentliche Anreize zum Beitritt und zur Fortsetzung der Beschäftigung.
Jeder Begünstigte erhält eine Induktionszuwendung mit einem Gesamtwert von USD 60.000, die am 1. Oktober 2025 vestet, vorbehaltlich einer fortlaufenden Beschäftigung für 24 Monate ab dem Beginn am 1. Oktober 2025. Die Zuwendungen werden in Stammaktien gemäß den Inducement Award Agreements abgewickelt, die vom Vergütungsausschuss genehmigt wurden. Die Ankündigung wurde veröffentlicht, um den Nasdaq-Offenlegungspflichten zu entsprechen.
Treasure Global (NASDAQ: TGL) أعلنت في 24 أكتوبر 2025 أن مجلس إدارتها وافق على منح أسهم حوافز بموجب قواعد إدراج ناسداك 5635(c)(4). وقد وافق المجلس على المنح في 22 أكتوبر 2025 لشركتين جديدتين، Boon Souw Fung و Tan Ee Wei، كحوافز مادية للانضمام والبقاء في الوظيفة.
سيتلقى كل مستفيد منحة حفيز بقيمة إجمالية USD 60,000، تتسلم في 1 أكتوبر 2025، مع شرط استمرار التوظيف لمدة 24 شهراً من تاريخ البدء في 1 أكتوبر 2025. ستسوى الجوائز في الأسهم العادية وفق اتفاقيات جوائز الحافز المعتمدة من لجنة التعويض. صُدِر الإعلان امتثالاً لمتطلبات إفصاح ناسداك.
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KUALA LUMPUR, Malaysia, Oct. 24, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company, today announced that its Board of Directors has approved the grant of inducement equity awards to Boon Souw Fung and Tan Ee Wei (collectively, the “Grantees”), pursuant to Nasdaq Listing Rule 5635(c)(4).
The inducement awards, approved by the Board on October 22, 2025, are expected to be granted upon completion of customary documentation and were made as a material inducement to the Grantees to enter into and remain in employment with the Company. Each Grantee will receive an inducement equity award with a total grant value of USD 60,000, which will vest on October 1, 2025, subject to the Grantee’s continuous employment with TGL for a period of twenty-four (24) months from the commencement date of October 1, 2025.
The awards will be settled in shares of TGL’s common stock in accordance with the terms of the Inducement Award Agreements, approved by the Company’s Compensation Committee.
“These inducement awards reflect our ongoing commitment to recognizing and retaining exceptional talent whose leadership is vital to our strategic growth,” said Carlson Thow, Chief Executive Officer of Treasure Global Inc. “We continue to build a team that shares our vision of driving long-term value for both our customers and shareholders.”
The Company is issuing this announcement in compliance with Nasdaq Listing Rule 5635(c)(4), which requires public disclosure of equity awards granted as a material inducement to employment.
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 March 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 Relations
Treasure Global Inc.
ir_us@treasureglobal.org
FAQ
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