Treasure Global Announces 1‑for‑20 Reverse Stock Split to Support Nasdaq Bid Price Compliance

Core Viewpoint - Treasure Global Inc. will implement a 1-for-20 reverse stock split to increase its common stock trading price and regain compliance with Nasdaq's minimum bid price requirement of USD 1.00 per share [2][3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert twenty current shares into one new share, reducing the total outstanding shares from 16,962,004 to approximately 848,100 [4]. - The reverse stock split will not change the par value of the common stock or the authorized number of shares [4]. - No fractional shares will be issued; all fractional shares will be rounded up to the next whole share [5]. Group 2: Compliance and Approval - The reverse stock split was approved by stockholders on November 24, 2025, with the authority to determine the exact ratio delegated to the Board of Directors [3]. - The reverse stock split is intended to assist in regaining compliance with Nasdaq listing requirements, although long-term compliance cannot be assured [2]. Group 3: Company Overview - Treasure Global is a Malaysia-based technology solutions provider focused on digital transformation in retail and services [7]. - The company's flagship product, the ZCITY Super App, integrates e-payment solutions with customer loyalty rewards, boasting over 2.7 million registered users as of June 2025 [7].