09/29/2026 | Press release | Distributed by Public on 09/29/2026 09:00
Item 1.01. Entry into a Material Definitive Agreement.
On September 24, 2026, Treasure Global Inc, a Delaware corporation (the "Company" or "TGL"), entered into a Supplemental Agreement (the "Supplemental Agreement") with Mestiz Technology Sdn Bhd, a company incorporated under the laws of Malaysia ("Mestiz Tech"), amending the Software Development Agreement dated September 11, 2026 between the Company and Mestiz Tech (the "Original Agreement"). Pursuant to the Supplemental Agreement, the parties agreed to reduce the scope of services under the Original Agreement and to reduce the total Service Fees from $2,000,000 to $1,000,000.
The revised scope of services under the Supplemental Agreement continues to cover the design, development, integration and implementation of a centralized Microsoft Power BI Business Intelligence solution across three (3) business environments: (i) lifestyle membership and retail business; (ii) loyalty and digital ecosystem business; and (iii) digital wallet and fintech business, with a revised implementation plan set out in a new Schedule 1, which replaces Appendix A of the Original Agreement.
The Company has already issued TGL Shares having an aggregate value of $500,000 to Mestiz Tech in full satisfaction of Milestone 1 under the Original Agreement, which amount has been credited in full against the revised Service Fees. The remaining $500,000 in Service Fees is payable in two milestones: (i) $250,000 upon mobilisation of Phase 2; and (ii) $250,000 upon mobilisation of Phase 3. Payment of the remaining milestones may, at the Company's sole and absolute discretion, be satisfied in cash, common stock of the Company ("TGL Shares"), or any combination thereof.
Except as expressly amended by the Supplemental Agreement, the Original Agreement remains unchanged and in full force and effect. The Supplemental Agreement is governed by and construed in accordance with the laws of Malaysia.
The foregoing description of the Supplemental Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Supplemental Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.