Core Insights - Treasure Global Inc is launching the ZCITY Super App, which aims to revolutionize the e-payment experience through advanced AI-powered features and secure messaging solutions [1][10] - The initiative targets the Southeast Asian market, focusing on unbanked populations to enhance financial inclusion and secure communication [2][6] Company Overview - Treasure Global Inc is a leading technology solutions provider in Malaysia, known for developing innovative platforms like the ZCITY App and TAZTE, which streamline e-payment experiences and digital management for merchants [12] - As of May 5, 2024, the ZCITY App has over 2.69 million registered users, indicating a strong user base for the upcoming features [12] Strategic Collaboration - The rollout of the VCIG Secure Cogia Messenger, which integrates secure messaging with a cryptocurrency wallet, is a collaborative effort between Treasure Global, VCI Global, and Cogia AG [10][11] - The phased rollout strategy will begin with a limited group of ZCITY users, allowing for real-time feedback and continuous improvements [7] User Engagement and Growth Targets - The initiative aims to quickly achieve 1 million active users from the initial 3 million ZCITY users, addressing the needs of unbanked populations [6][10] - The integrated cryptocurrency wallet will enable users to send, receive, and store digital assets, enhancing both communication and financial functionalities [11]

WKW strategically partners with GolfNow LLC ("GolfNow"), a leading golf technology company and a subsidiary of NBC, a leading global media corporation and telecommunications company in the US. GolfNow has launched a dedicated stat tracking, social, and competitive golf app branded as "GolfNow Compete". WKW will provide a white-label site service embedded within the GolfNow Compete App, along with the development of additional functionality. The services will include GolfNow Sponsored Leagues, which WKW may ...

Core Insights - Treasure Global Inc has appointed Mr. Henry Chai as COO and Ms. Sook Lee Chin as CFO, signaling a strategic move towards growth and innovation [1][2][11] - The new leadership team aims to revitalize the company's vision and strategy, focusing on new business ventures and innovative technology projects [2][5] - Ms. Sook Lee Chin brings over 12 years of experience in finance and risk management, which will be essential for exploring new investment opportunities [3] - Mr. Henry Chai has extensive experience in technology operations and product development, which will enhance the company's operational excellence [11] Company Overview - Treasure Global is a Malaysian technology solutions provider, known for developing innovative platforms like the ZCITY App and TAZTE [4] - The ZCITY App has over 2,699,216 registered users as of May 5, 2024, and aims to simplify the e-payment experience while offering rewards [4] - TAZTE serves as a digital management system for food and beverage merchants, providing a comprehensive solution for business digitalization [4] Strategic Vision - The company is focused on integrating cutting-edge technologies, particularly through the AI-driven ZCITY Super App, to enhance the digital ecosystem [5] - The leadership team is committed to fostering a culture of continuous innovation and optimizing processes to capitalize on new growth opportunities [5][6] - The strategic initiatives under the new leadership are expected to reinforce the company's commitment to innovation and excellence [6] Employment Agreements - The newly appointed COO and CFO will each receive $80,000 worth of shares in the company, with monthly issuances during their first year [12]

Leveraging its partnership with Cogia, the Company aims to integrate secured messaging and a digital asset wallet into its e-commerce platform, the ZCITY Super App. These features enhance user engagement and deliver a seamless, secure, and highly efficient user experience. Cogia is a Germany-based software company that offers AI-based, fully privacy-compliant solutions in the areas of secure communications, cybersecurity, Big Data Analytics, and web monitoring. This synergy is crucial as the global e-commer ...

Mr. Thow's business acumen extends beyond legal matters. He has a proven ability to identify opportunities for operational efficiency, streamline processes, and implement strategic initiatives to drive business performance. His expertise in mergers and acquisitions, capital markets, and corporate finance has been instrumental in shaping successful business strategies for various organizations. Now, as he takes on the role of Chief Executive Officer at Treasure Global, Mr. Thow's extensive business backgroun ...

Core Viewpoint - Treasure Global Inc is entering a strategic collaboration with a leading telecommunications company to launch an AI-powered crypto mining service integrated with its subsidiary ZCITY's Mobile Virtual Network Operator (MVNO) offerings, creating a new revenue stream for the company [1][2]. Company Overview - Treasure Global is a Malaysian technology solutions provider that has developed innovative platforms, including the ZCITY App and TAZTE, aimed at enhancing digital payment experiences and providing management solutions for merchants [8]. Strategic Collaboration - The partnership will leverage ZCITY's advanced technology to integrate AI-driven crypto mining capabilities into MVNO services, allowing users to mine digital assets while using mobile services, thus merging telecommunications with blockchain technology [2][3]. - This collaboration is expected to create a unique white-label solution branded under ZCITY, enhancing market presence and competitive advantage [2]. Revenue Potential - Treasure Global currently has a user base of 2.69 million and aims to grow its active users from 20,000 to 100,000 within the next 12 months, projecting a fivefold increase in monthly revenue to reach US$2 million and an annual growth of US$25 million [6]. - The strategic plan approved by the Board of Directors focuses on expanding into a more advanced and profitable business model, capitalizing on the existing user base [6]. Industry Insights - The global mobile virtual network operator market is projected to grow at a compound annual growth rate of 7.8%, increasing from US$79.8 billion in 2023 to US$135 billion by 2030, driven by demand for affordable mobile services and market saturation [7].

Financial Data and Key Metrics Changes - The gross profit for the third quarter reached $217,000, marking a substantial increase of 47% compared to the same period last year [29] - Total revenue for the quarter was $1.6 million, reflecting a decrease of approximately 76% compared to $6.7 million for the second quarter of fiscal year 2024 [29] - Net losses decreased to approximately $1.7 million from approximately $2.9 million in the third quarter of fiscal year 2023, driven by optimized cost management [9] Business Line Data and Key Metrics Changes - The ZCITY Premium Store significantly contributed to gross profit growth, with over 6,000 Bill Saver Bonanza Packs sold in just 4 months [7] - ZCITY had over 2.69 million registered users and over 2,027 registered merchants as of March 31, 2024 [24] - Quarterly active users for the quarter ending March 31, 2024, were 41,455, with a total of 0.19 million transactions processed [24] Market Data and Key Metrics Changes - The Southeast Asia AI market is expected to grow significantly at an anticipated annual rate of 17.83% by 2030 [5] - The Malaysian e-commerce market is projected to reach $20.93 billion by 2029 [19] - The global gaming market is projected to reach a revenue of $212 billion by 2026 [22] Company Strategy and Development Direction - The company is focused on innovation, particularly through AI initiatives to enhance product offerings and customer engagement [4][20] - A strategic partnership was established as the exclusive provider of an AI forcing wallet on Telegram, positioning the company at the forefront of blockchain innovation [18] - The company is reallocating resources away from lower-margin offerings to focus on high-margin solutions for sustained growth [26] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook on the development showcased in the third quarter, emphasizing a commitment to innovation and market expansion [26] - Despite a decline in quarterly active users and paid users, management remains confident in the long-term growth potential of ZCITY [10] - The company is dedicated to driving growth and delivering value to shareholders while navigating a challenging macro environment [17][23] Other Important Information - The company has initiated an ATM offering, securing an aggregate offering price of up to $2.99 million [3] - A $2 million marketing contract was secured with Satria Dunia Sdn Bhd to showcase premium Korean beauty products using ZCITY's AI marketing engine [21] - The company is in discussions with the Shanghai Guangxi Chamber of Commerce about running the Malaysia Pavilion, aiming to tap into the growing Chinese online shopping market [31] Q&A Session Summary Question: What are the expectations for the future growth of ZCITY? - Management remains confident in the long-term growth potential of ZCITY despite recent declines in active users and paid users [10] Question: How is the company addressing the decline in revenue? - The company is focusing on reallocating resources to higher-margin business channels and optimizing spending to drive long-term value creation [29][26] Question: What are the strategic partnerships the company is pursuing? - The company has established a partnership for an AI blockchain model on Telegram and secured a marketing contract to enhance brand exposure in the beauty sector [18][21]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________ to ________ COMMISSION FILE NUMBER 001-4147 Treasure Global Inc (Exact name of registrant as specified in its charter) Delaware 36-4965082 (State or ...

Financial Data and Key Metrics - Gross profit for Q2 FY2024 was approximately $346,000, up from $234,000 in the same period last year, reflecting a 47.9% increase [6] - Net loss for Q2 FY2024 was approximately $1.2 million, compared to $2 million in Q2 FY2023, showing a 40% reduction in losses [6] - Total revenue for Q2 FY2024 was $6.7 million, down from $20.4 million in the same period last year, a 67.2% decline [27] - Cash balance as of December 31, 2023, was approximately $1.2 million, compared to $4.7 million as of December 31, 2022 [28] Business Line Data and Key Metrics - ZCITY had over 2.68 million registered users and 2,027 registered merchants as of December 31, 2023 [28] - Quarterly active users for Q2 FY2024 were 156,979, with paid users down by 64% [28] - A total of $0.58 million in transactions were conducted by registered users in Q2 FY2024 [31] - The Premium Store and ZCITY 3D World, powered by AI, have driven higher gross profit and user engagement [12][33] Market Data and Key Metrics - The global gaming market is valued at $212 billion, and ZCITY is positioning itself to capture this market through in-game purchases and virtual goods [12] - The Malaysian e-commerce market is projected to reach USD 20.9 billion by 2029, and the company is leveraging AI to enhance its presence in this market [14] Company Strategy and Industry Competition - The company is focusing on higher-margin businesses, such as TAZTE and ZCITY, and has moved away from lower-margin solutions like e-voucher products [24][35] - Strategic partnerships, such as the one with AIO Synergy, aim to develop next-generation AI solutions and data centers, focusing on the Malaysian market [22][26] - The company is leveraging AI to enhance product offerings, anticipate consumer demand, and increase market share [11][20] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about the company's future, citing progress in business strategy and innovation, which has attracted new customers, partners, and investors [2][5] - The company expects to capitalize on the growing Southeast Asian AI market and is committed to developing innovative products and advancing new market opportunities [34] - Management believes the company is well-positioned for future growth and will continue to innovate and generate profitable growth [5][30] Other Important Information - The company raised $4 million through a public offering, using a portion to retire $2.1 million in convertible notes, strengthening its financial position [13] - ZCITY received a silver trophy for the best e-commerce solution at the Marketing Interactive Asia E-commerce Awards 2023 [4] - The company hosted a successful Live Commerce event on TikTok, engaging over 6,400 viewers and leading to approximately 1,100 purchases [21] Q&A Session Summary - No specific questions or answers were provided in the transcript [3][29]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM_________ to________ COMMISSION FILE NUMBER 001-4147 Treasure Global Inc (Exact name of registrant as specified in its charter) Delaware 36-4965082 (I.R.S. ...