Treasure Global Inc.

07/07/2025 | Press release | Distributed by Public on 07/07/2025 15:20

Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 1, 2025, Sook Lee Chin informed Treasure Global Inc (the "Company") of her resignation as Chief Financial Officer, effective as of July 1, 2025.

On July 1, 2025, the Board of Directors of the Company appointed See Wah "Sylvia" Chan as Chief Financial Officer of the Company effective as of July 1, 2025.

Ms. Chan and the Company entered into an Appointment Letter Agreement dated as of June 30, 2025 (the "Appointment Letter Agreement"), pursuant to which Ms. Chan was appointed as the Chief Financial Officer of the Company, effective as of July 1, 2025. Ms. Chan is entitled to receive a monthly remuneration of RM 19,000. In addition, Ms. Chan will be entitled to a total of $80,000 worth of shares of common stock of the Company on an annual basis, subject to applicable vesting schedules and other restrictions, in accordance with the Company's equity compensation plan. During the term of the Appointment Letter Agreement, either party may terminate the Appointment Letter Agreement by providing three (3) months' written notice or salary in lieu of such notice to the other party. Upon termination, Ms. Chan will be subject to a one-year non-solicitation period concerning the hiring of the Company's employees and the solicitation of its clients, among other restrictions.

Ms. See Wah "Sylvia" Chan, age 34, has been serving as the Deputy CFO of the Company since June 18, 2025. She is a qualified Chartered Accountant, a member of the Malaysian Institute of Accountants (MIA) and a fellow member of the Association of Chartered Certified Accountants (ACCA). Prior to joining the Company, she served as the Group Financial Controller of a public listed company.

The foregoing summary of the Appointment Letter Agreement does not purport to be complete and is subject to, and qualified in its entirety by, a form of which is attached as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

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