Treasure Global’s Subsidiary Tadaa Technologies Partners with Anhui Fuyuan Group to Accelerate Global Drone and Electric Mobility Expansion
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.
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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
Details
News Market Reaction – TGL
On Apr 1, the day this news came out, TGL closed 7.02% above the previous close.
Data tracked by StockTitan Argus for the Apr 1 session.
Key Figures
- 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
Previous Partnership Reports
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Tadaa named exclusive manager for 200M UNIRWA tokens, USD 100M projected.
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Tien Ming-Taxieco deal to enhance IoT-enabled grocery delivery in Malaysia.
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Octagram partnership to build $2.8M mini-game modules for ZCity platform.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
memorandum of understanding regulatory
unmanned aerial systems technical
military-grade drones technical
electric mobility technical
AI-generated analysis. How Rhea-AI works. 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
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
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