Treasure Global Inc. Enters Sale Agreements for $6.6M in Escrow Shares

What Happened

• On August 20, 2026, Treasure Global Inc. announced two Sale and Purchase Agreements to sell escrowed share interests for a combined purchase price of USD 6,600,000. The New Year SPA (with New Year Holdings Limited) covers 1,300,000 ordinary shares of V Gallant Limited for USD 5,200,000; the HDGTL SPA (with Hung Dat Group Trade Limited) covers 700,000 ordinary shares of Reveillon Group Limited for USD 1,400,000. Both sales are without recourse and the shares remain held by the named Escrow Agent (Chua Tze Ping) as security until full payment and a Final Payment Confirmation are issued.

Key Details

• Transaction dates and payments: Agreements dated August 20, 2026; payments begin September 1, 2026 and run 36 monthly milestone payments. New Year: months 1–35 at USD 144,444 and month 36 at USD 144,460 (total USD 5,200,000). HDGTL: months 1–35 at USD 38,888 and month 36 at USD 38,920 (total USD 1,400,000).
• Security and conditions: Escrow Agent continues to hold the escrow shares as security; completion conditioned on escrow consent/confirmation and executed deed of assignment. New Year SPA governed by Malaysian law; HDGTL SPA contains substantially similar terms.
• Default remedies: If a purchaser defaults and the Company terminates, all milestone payments received are forfeited as liquidated damages and the sale interest reverts to the Company. If the Company defaults, it must refund all milestone payments within 30 days.

Why It Matters

• These agreements commit Treasure Global to receive $6.6M in deferred, secured installment payments, which can provide predictable cash inflows but are spread over three years. The escrowed shares held as security reduce counterparty risk, but actual cash receipt depends on the purchasers making all milestone payments.
• Investors should note the material nature of these definitive agreements (Item 1.01 filing): the transactions change the timing and form of value realization for the company’s interests in V Gallant and Reveillon and include standard representations, warranties, covenants and indemnities.