Treasure Global’s Subsidiary Tadaa Technology Expands into AI-Enabled Renewable Energy Through 1,000-Acre Solar Farm Project

Treasure Global’s Tadaa subsidiary moves into AI-enabled renewable energy, targeting recurring revenue from a large Malaysian solar farm project.

Rhea-AI Summary

Treasure Global (TGL) announced a partnership for AI technology on a proposed 360 MW, US$367 million solar farm project.

Subsidiary Tadaa Technology will partner with Kainan on a roughly 1,000‑acre solar development that is intended to supply renewable energy to a data centre under a planned 25‑year power supply arrangement. The project marks Tadaa’s entry into large‑scale renewable‑energy technology and establishes a long‑term commercial framework for its solutions.

Upon full deployment, Tadaa is targeting about US$7.3 million in annual technology‑related revenue from the project. Tadaa will provide an AI‑powered digital backbone, including IoT‑enabled infrastructure, intelligent energy management, real‑time monitoring, data analytics, predictive maintenance, system integration and secure cloud infrastructure.

The initiative positions Treasure Global in the expanding solar and data‑centre energy market in Malaysia and Southeast Asia.

Positive

• US$367 million, 360 MW proposed solar farm project with 25-year power supply intent
• Tadaa targets about US$7.3 million in annual technology-related revenue upon full deployment
• Partnership creates a long-term commercial framework for AI-enabled renewable-energy technology
• Project extends Treasure Global’s AI capabilities into large-scale renewable infrastructure

Negative

• None.

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Details

Market reaction after solar farm partnership: TGL -18.49%

$2.31 $3.42 Day Range

$4.72M Market Cap

Following this news, TGL has declined 18.49%, reflecting a significant negative market reaction. Our momentum scanner has triggered 45 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $2.41. Trading volume is exceptionally heavy at 12.4x the average, suggesting significant selling pressure.

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Key Figures

Project value: US$367 million Project area: Approximately 1,000 acres Planned capacity: 360 MW +2 more

Project value

US$367 million

Proposed solar farm development

Project area

Approximately 1,000 acres

Proposed solar farm development

Planned capacity

360 MW

Proposed solar farm

Power supply term

25 years

Arrangement to supply a data centre

Annual revenue target

Approximately US$7.3 million

Annual technology-related revenue upon full deployment

Key Terms

iot, predictive maintenance, solar pv, esg

4 terms

iot technical

"integrating IoT-enabled infrastructure, intelligent energy management"

The Internet of Things (IoT) describes a network of everyday devices—such as appliances, vehicles, and equipment—that are connected to the internet and can share data automatically. For investors, IoT represents a growing trend that can drive efficiency and innovation across many industries, potentially creating new opportunities for growth and value. Its expansion influences how companies operate and compete in a digitally connected world.

predictive maintenance technical

"data analytics, predictive maintenance, system integration"

Predictive maintenance involves using data and technology to monitor equipment or machinery in real time, identifying potential problems before they cause failures or breakdowns. By predicting when maintenance is needed, it helps prevent costly repairs and downtime. For investors, it highlights how companies can reduce expenses, improve efficiency, and maintain reliable operations, which can positively impact financial performance.

solar pv technical

"Global solar PV capacity increased from approximately 710 GW"

Solar PV (solar photovoltaic) describes panels or systems that convert sunlight directly into electricity using semiconductor materials. For investors, it matters because solar PV is a primary way companies and utilities generate renewable power, affecting revenue, capital spending, project returns and exposure to policy incentives or cost changes—similar to how a factory’s machines determine its output and profitability.

esg financial

"growing environmental, social and governance (ESG) priorities"

ESG stands for Environmental, Social, and Governance, which are key factors investors consider when evaluating how sustainable and responsible a company is. It involves assessing how a company manages its impact on the environment, treats its employees and communities, and operates transparently and ethically. Investors use ESG criteria to identify businesses that align with their values and have the potential for long-term success.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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US$367 Million, 360 MW Solar Project to Supply Data Centre for 25 Years; Tadaa targets US$7.3 Million in Annual Revenue

KUALA LUMPUR, Malaysia, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company focused on AI-powered enterprise solutions and digital transformation, today announced that its subsidiary, Tadaa Technology Sdn Bhd (“Tadaa”), has entered into a strategic partnership with Kainan Sdn Bhd (“Kainan”) to provide AI-enabled technology solutions for a proposed US$367 million solar farm development spanning approximately 1,000 acres with a planned capacity of 360 megawatts (“MW”). The project is intended to supply renewable energy to a data centre under a 25-year power supply arrangement.

The project marks Tadaa’s expansion into large-scale renewable-energy technology and provides a long-term commercial framework for the deployment. Upon full deployment, Tadaa is targeting approximately US$7.3 million in annual technology-related revenue from the project.

Under the partnership, Tadaa will provide the AI-powered digital backbone for the solar farm, integrating IoT-enabled infrastructure, intelligent energy management, real-time performance monitoring, data analytics, predictive maintenance, system integration and secure cloud infrastructure. The technology is intended to support reliable, efficient and data-driven management of renewable-energy generation.

“This initiative represents an important step in extending our AI and technology capabilities into large-scale renewable-energy infrastructure,” said Sam Teo, Acting Chief Executive Officer of Treasure Global. “The 360 MW project, supported by a 25-year power supply arrangement for a data centre, provides Tadaa with an opportunity to establish a strong track record in AI-enabled energy management. As data-centre energy demand and renewable-energy infrastructure continue to grow, we believe intelligent monitoring, analytics and predictive capabilities will become increasingly important in improving asset performance, operational efficiency and the reliability of large-scale renewable-energy infrastructure.”

The project positions Treasure Global within one of the world’s fastest-growing energy markets. Global solar PV capacity increased from approximately 710 GW in 2020 to 1,865 GW by the end of 2024, while global investment in solar PV was expected to reach approximately US$450 billion in 2025, according to the International Energy Agency (“IEA”), underscoring the scale of the market opportunity for technology-enabled solar infrastructure.

Malaysia is also accelerating its renewable-energy transition under the National Energy Transition Roadmap (“NETR”), which targets renewable energy accounting for 40% of installed capacity by 2035 and 70% by 2050. The upcoming Large-Scale Solar 6 (“LSS6”) program is expected to add approximately 2,650 MW of new capacity, highlighting the growing domestic pipeline for renewable-energy technology and energy-management solutions.

The initiative also aligns with the global transition toward cleaner energy infrastructure and growing environmental, social and governance (“ESG”) priorities, while extending Treasure Global’s AI and technology capabilities into a high-growth infrastructure sector.

Treasure Global views the 360 MW project as a potential foundation for further expansion into renewable-energy technology serving energy-intensive infrastructure. The Company intends to leverage the deployment as a reference for future solar, data-centre energy and clean-energy opportunities in Malaysia and across Southeast Asia, creating potential for additional recurring technology revenue and long-term growth.

Kainan is a Malaysia-based renewable energy company established in 2007, specializing in the development of solar energy projects and participating in Malaysia's Corporate Renewable Energy Supply Scheme (CRESS).

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 31, 2026, 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 development and completion of the proposed solar project; achievement of the planned 360 MW capacity; performance and duration of the contemplated power supply arrangement; Tadaa’s ability to deploy and commercialize its AI-enabled technology solutions; achievement of targeted annual revenue; project financing and execution; regulatory and permitting requirements; technology performance; data-centre power demand; cybersecurity and data privacy risks; changes in renewable-energy policies; and broader economic and energy-market conditions.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What specific technology solutions will Tadaa provide for the solar farm?

Tadaa will supply an AI-powered digital backbone for the project, integrating IoT-enabled infrastructure, intelligent energy management, real-time performance monitoring, data analytics, predictive maintenance, system integration and secure cloud infrastructure to support reliable, efficient and data-driven management of renewable-energy generation.

What is the intended purpose of the solar project’s power output?

The approximately 360 MW of planned capacity is intended to supply renewable energy to a data centre under a proposed 25-year power supply arrangement, providing long-duration energy support for energy-intensive digital infrastructure.

How does this project fit into Malaysia’s energy transition plans?

Malaysia’s National Energy Transition Roadmap targets renewable energy reaching 40% of installed capacity by 2035 and 70% by 2050. The upcoming LSS6 program is expected to add about 2,650 MW of new solar capacity, highlighting a growing domestic pipeline for renewable-energy technology and energy-management solutions that this project is aligned with.

Who is Kainan in this partnership?

Kainan is a Malaysia-based renewable energy company established in 2007 that specializes in the development of solar energy projects and participates in Malaysia's Corporate Renewable Energy Supply Scheme (CRESS), providing project development expertise for the solar farm.

How does Treasure Global view the longer-term potential of this initiative?

Treasure Global views the 360 MW project as a potential foundation for further expansion into renewable-energy technology serving energy-intensive infrastructure. The company intends to use this deployment as a reference for future solar, data-centre energy and clean-energy opportunities in Malaysia and across Southeast Asia, with potential for additional recurring technology revenue and long-term growth.