Material Agreement, Asset Transaction (Form 8-K)

Item 1.01 Entry Into Material Definitive Agreement.

On December 22, 2025, Treasure Global Inc. (the "Company") entered into a Share Sale Agreement (the "Agreement") with Maison de Cuisine Sdn. Bhd., a private company incorporated in Malaysia (the "Buyer"), pursuant to which the Company agreed to sell 100% of the issued and outstanding ordinary shares (the "Sale Shares") of Tadaa Ventures Sdn. Bhd. (formerly known as VWXYZ Ventures Sdn. Bhd.), a private company incorporated in Malaysia (the "Target"), to the Buyer (the "Transaction").

The Target is an investment holding company and owns 100% of the issued shares of Bowlcrafted Sdn. Bhd., its wholly owned subsidiary (the "Bowlcrafted").

Pursuant to the Agreement, the purchase consideration for the Sale Shares consists entirely of ordinary shares of Reveillon Group Limited, a British Virgin Islands company (the "RG Shares"), having an agreed aggregate value of US$1,400,000, based on an issuance price of US$2.00 per share. The Buyer has agreed to cause the RG Shares to be issued or transferred to an escrow agent for the benefit of the Company, subject to the terms and conditions of the Agreement.

Completion of the Transaction (the "Completion") is subject to customary closing conditions, including, among others, (i) the receipt of all necessary corporate and third-party approvals, (ii) the issuance or transfer of the RG Shares into escrow, (iii) the accuracy of the parties' representations and warranties as of Completion, and (iv) the absence of a material adverse change affecting the Target and Bowlcrafted. The Agreement contains customary representations, warranties, covenants and indemnities of the parties for a transaction of this nature. The Transaction forms part of the Company's broader capital markets and listing strategy, including simplifying its group structure through the disposal of non-core food and beverage operations so that its financial profile and future initiatives are more closely aligned with its core fintech and digital-asset platforms.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.01 Completion of Acquisition or Disposition of Assets.

The Transaction is expected to be completed within five (5) business days following satisfaction of the conditions precedent set forth in the Agreement, regardless of whether the Escrow Agreement has been executed.

Upon completion of the Transaction, the Company will no longer own any equity interest in the Target or its Subsidiary and will cease to manage or operate the business of the Target.

The Transaction is part of the Company's ongoing efforts to streamline its corporate structure and reallocate resources toward its core business objectives. The Company views the Transaction as a strategic realignment of its asset base, enabling it to streamline its corporate structure, pre-allocated capital and management attention toward its higher-growth, higher-margin digital businesses, including its fintech and digital-asset initiatives.

The Transaction does not constitute a disposition of a significant amount of assets pursuant to Rule 1-02(w) of Regulation S-X. Accordingly, no financial statements or pro forma financial information are required to be filed under Item 9.01 of this Current Report on Form 8-K.