Treasure Global’s Subsidiary Tadaa Technologies Partners with Anhui Fuyuan Group to Accelerate Global Drone and Electric Mobility Expansion

Rhea-AI Summary

Treasure Global (NASDAQ:TGL) subsidiary Tadaa Technologies signed an MOU with Anhui Fuyuan to explore a Malaysia hub for electric mobility and drone solutions on April 1, 2026. The collaboration targets scalable assembly, distribution, R&D and potential military‑grade drone capabilities serving Europe, North America and Asia‑Pacific.

The initiative leverages Anhui Fuyuan manufacturing and Treasure Global market strategy to pursue commercial and defense opportunities, subject to regulatory approvals and definitive agreements; further production and technology milestones will be announced as the project progresses.

Positive

• MOU with Anhui Fuyuan to enable manufacturing and scale
• Malaysia hub planned to serve Europe and North America
• Phased plan: assembly, distribution, then R&D and component manufacturing

Negative

• Initiative is subject to regulatory approvals for defense applications
• Current agreement is an MOU, not a binding transaction
• No definitive production capacity, revenues, or timelines disclosed

Key Figures

Commercial drone market 2024: USD 30.02 billion Commercial drone market 2030: USD 54.64 billion Global drone market: $50B+ +1 more

4 metrics

Commercial drone market 2024 USD 30.02 billion Projected commercial drone market size in 2024

Commercial drone market 2030 USD 54.64 billion Projected commercial drone market size by 2030

Global drone market $50B+ Size of global drone market referenced in release

Publication date April 01, 2026 Date of partnership MOU announcement

Market Reality Check

Price: $3.56 Vol: Volume 41,607 is 0.87x th...

normal vol

$3.56 Last Close

Volume Volume 41,607 is 0.87x the 20-day average of 47,584, suggesting no pre-news accumulation. normal

Technical Shares trade below the 200-day MA of 14.5 and sit 96.82% under the 52-week high, hovering 4.71% above the 52-week low.

Peers on Argus

Pre-news, TGL was up 0.85% while close peers were mixed: QH up 14.98%, SOPA up 1...

1 Up 1 Down

Pre-news, TGL was up 0.85% while close peers were mixed: QH up 14.98%, SOPA up 1.93%, AUUD down 17.12%, MYSZ down 2.16%, and ULY up 0.37%. Momentum scanner shows QH down 5.82% and SOPA up 4.12%, reinforcing an absence of a unified sector move.

Previous Partnership Reports

3 past events · Latest: Nov 14 (Positive)

Same Type Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Nov 14	Tokenization partnership	Positive	+0.2%	Tadaa named exclusive manager for 200M UNIRWA tokens, USD 100M projected.
Jul 01	Logistics partnership	Positive	+0.0%	Tien Ming-Taxieco deal to enhance IoT-enabled grocery delivery in Malaysia.
Oct 22	Platform enhancement deal	Positive	-6.5%	Octagram partnership to build $2.8M mini-game modules for ZCity platform.

Pattern Detected

Partnership/collaboration announcements have produced modest to negative average moves of about -2.08%, with one notably weak reaction despite seemingly positive terms.

Recent Company History

Over the past year, Treasure Global has used partnerships to extend its ecosystem: a UNIRWA token mandate with projected value of USD 100 million, a logistics partnership with Taxieco targeting Malaysia’s grocery delivery market, and a gamified ZCity service deal with Octagram valued at $2.8 million. Price reactions to these partnership announcements have been muted to negative overall, providing context that investors have not consistently rewarded such strategic deals, which frames the market’s potential response to this new drone and electric mobility MOU.

Historical Comparison

-2.1% avg move · In the last three partnership announcements, TGL’s average 24-hour move was about -2.08%, suggesting...

partnership

-2.1%

Average Historical Move partnership

In the last three partnership announcements, TGL’s average 24-hour move was about -2.08%, suggesting that historically, collaboration news has not driven sustained upside on its own.

Partnerships have evolved from platform enhancements and logistics (ZCity, TMGrocer) to digital-asset tokenization via UNIRWA, and now toward hardware-focused drones and electric mobility through Tadaa’s new MOU.

Market Pulse Summary

This announcement outlines Tadaa Technologies’ MOU to build a Malaysia-based hub for electric mobili...

Analysis

This announcement outlines Tadaa Technologies’ MOU to build a Malaysia-based hub for electric mobility and potential military-grade drone solutions, targeting Europe and North America and referencing a commercial drone market projected at USD 54.64 billion by 2030. Historically, Treasure Global’s partnership news has produced modest share moves, with an average 24-hour change of about -2.08%. Investors may focus on concrete follow-ups such as definitive agreements, production capacity, and measurable revenue contributions from the new initiatives.

Key Terms

memorandum of understanding, unmanned aerial systems, electric mobility

3 terms

memorandum of understanding regulatory

"subsidiary, Tadaa Technologies Sdn Bhd has signed a strategic Memorandum of Understanding (MOU)"

A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.

unmanned aerial systems technical

"Global demand for unmanned aerial systems and sustainable mobility solutions is surging."

Unmanned aerial systems are complete drone setups: the aircraft itself plus the remote control, sensors, communications links and support equipment that let it fly without a person on board. Think of it as a flying robot plus its command center and toolbox. Investors watch these systems because they open new commercial and defense markets, carry revenue and regulatory risks, and can change how goods, data and services are delivered.

electric mobility technical

"explore expansion into high-growth electric mobility and advanced technology markets."

Electric mobility means using electricity to power transportation — from cars and buses to bikes and scooters — instead of burning fossil fuels. Think of it like switching a home from gas stoves to electric ovens: it changes what products, infrastructure (like charging points and batteries), and services people need. For investors, the shift signals new markets, supply-chain winners and losers, regulatory incentives, and long-term demand patterns that can affect company profits and valuations.

AI-generated analysis. Not financial advice.

Malaysia hub to serve Europe and North America, targeting scalable global distribution and next-generation defense applications

KUALA LUMPUR, Malaysia, April 01, 2026 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company, today announced that its subsidiary, Tadaa Technologies Sdn Bhd has signed a strategic Memorandum of Understanding (MOU) with Anhui Fuyuan Electromechanical Technology Co. Ltd., establishing a framework to explore expansion into high-growth electric mobility and advanced technology markets.

Under the MOU, the collaboration is intended to explore a Malaysia-based hub for electric mobility solutions, with potential expansion into military-grade drones and next-generation mobility technologies, serving Europe and North America. Leveraging Anhui Fuyuan Group’s manufacturing expertise and Treasure Global’s global market strategy, the initiative positions the Company to potentially capitalize on scalable international distribution for both commercial and emerging defense-related applications, subject to regulatory approvals and definitive agreements.

Global demand for unmanned aerial systems and sustainable mobility solutions is surging. The commercial drone market alone is projected to grow from USD 30.02 billion in 2024 to USD 54.64 billion by 2030, driven by automation, smart logistics, and environmentally conscious industries. Beyond commercial deployment, the partnership aims to develop military-grade drone capabilities, enabling entry into defense and security sectors with high-margin potential, subject to regulatory approvals.

Recent fuel price increases due to ongoing global conflicts are accelerating the shift toward green energy and cost-efficient transportation solutions. This trend is driving rising demand for E-bikes and other electric mobility devices, creating immediate market opportunities for Treasure Global’s Malaysia hub to efficiently serve the markets of Europe, North America, and Asia-Pacific.

“This partnership represents a pivotal step in delivering sustainable, high-growth technology solutions across commercial and defense sectors. By integrating advanced mobility and drone technologies with global distribution capabilities, we are creating a platform for long-term growth and shareholder value,” said Sam Teo, Executive Director of Treasure Global.

Treasure Global’s phased strategy begins with assembly and distribution, progressing to R&D and advanced component manufacturing. The initiative positions the Company to capture opportunities in the $50B+ global drone market and the expanding electric mobility ecosystem, strengthening its global innovation footprint and investor appeal.

Further updates on production capacity, technology development, and operational milestones will be shared as the project progresses.

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 December 2025, ZCITY has attracted 2.71 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 did Treasure Global (TGL) announce on April 1, 2026 about the Anhui Fuyuan partnership?

They announced an MOU to explore a Malaysia hub for electric mobility and drone solutions, including potential defense applications. According to the company, the partnership aims to combine Anhui Fuyuan manufacturing with Treasure Global distribution strategy to target Europe, North America and Asia‑Pacific.

Will Treasure Global's Malaysia hub produce military‑grade drones under the Tadaa–Anhui Fuyuan MOU?

The MOU includes exploring military‑grade drone capabilities but any defense work is conditional on approvals. According to the company, development of defense applications requires regulatory clearances and definitive agreements before proceeding.

How will the Tadaa Technologies and Anhui Fuyuan deal affect Treasure Global's international distribution (TGL)?

The partnership aims to establish scalable assembly and distribution serving Europe and North America, expanding market reach. According to the company, the Malaysia hub is intended to support commercial drone and electric mobility shipments to key global markets.

Does the Tadaa–Anhui Fuyuan MOU commit Treasure Global (TGL) to immediate production or sales?

No, the announcement is an exploratory MOU and does not guarantee immediate production or sales. According to the company, further definitive agreements, regulatory approvals and milestone updates will precede commercial manufacturing.

What market opportunity did Treasure Global (TGL) cite for drones and electric mobility in the April 1, 2026 release?

The company cited a commercial drone market rising from about $30.02B in 2024 to $54.64B by 2030 and broader electric mobility demand. According to the company, these trends underpin the strategic rationale for the Malaysia hub and product focus.