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Corporate Overview February 2026
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Disclaimer This document is strictly confidential and is being shown to you solely for information purposes in connection with the proposed capital raising by Treasure Global Inc. and its subsidiaries (the “Company”) and may not be recorded, reproduced in any form or further distributed to any other person or published, in whole or in part, for any purpose. The materials included herein (the “Materials”) merely serve our targeted recipients as a visual aid. They are the introductory summaries in nature and do not purport to be a complete and latest description of the Company, its businesses, operations, results or prospects. The Materials do not constitute an offer or invitation to subscribe for or to purchase any securities in the Company. Neitherthe Materials nor anything contained therein shall form the basis of contract, intent or commitment whatsoever. The information contained in the Materials does not constitute any recommendationsor investment advice by the Company that any recipient of the Materials should rely upon and/or participate in investment in the Company. Each recipient of the Materials should make its own independent appraisal, evaluation, assessment, consultation and investigation as deemed necessary by such recipient. The Company and/or its subsidiaries endeavor to ensure the accuracy and reliability for the information contained in the Materials, but do not guarantee its accuracy and the reliability and accept no liability (whether in tort or contact or otherwise) for any loss or damage arising from any inaccuracy or omission or from any decision, action, common-action based on or in reliance upon the information contained in the Materials or any part thereof. This presentation includes statements that are, or may be deemed, ‘‘forward-looking statements.’’ In some cases, these forward-looking statements can be identified by the use of forward- looking terminology, including the terms “believes,” “estimates,” “anticipates,” “targets,” “expects,” “plans,” “projects,” “intends,” “predicts,” “may,” “could,” “might,” “will,” “should,” “approximately,” potential” or, in each case, their negative or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements appear in a number of places throughout this presentation and include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things, the market size and market adoption of our services and products, the use of the proceeds from this offering, or regulatory action with respect to, the timing, cost or other aspects of the commercial launch of our products and services. By their nature, forward-looking statements involve risks and uncertainties because they relate to events, competitive dynamics,and regulatory developments and depend on the economic circumstances that may or may not occur in the future or may occur on longer or shorter timelines than anticipated or at all.Although we believe that we have a reasonable basis for each forward-looking statement contained in this presentation, we caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and the development of the industry in which we operate may differ materially from the forward-looking statements contained in this presentation. 2
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TGL At A Glance 3 2,708,000++* Quarterly Active Users Registered Merchants/Brands * Publicly available information as of June 30, 2025 7,000++* 2,027++* Registered Users Treasure Global Inc. (“TGL”) is a Malaysian solutions provider developing innovative technology platforms. ‐ Dual-Facing Business Model: Targets both consumers and merchants. ‐ Proprietary Technology Products: • ZCITY Super App: An integrated application that transforms and simplifies the e-payment experience for consumers. ‐ AI Integration in Business Landscape: • Utilizes artificial intelligence (AI) across its platforms to drive innovation, improve efficiency, and enhance user engagement. The company leads in technological advancements in various sectors, including AI-powered campus management systems, AI- driven cryptocurrency mining, AI blockchain wallets, and AI- enhanced gaming and e-commerce experiences. ‐ Expertise: Focused on expanding reach, increasing engagement, and improving user retention through the development of additional technology-based products and services.
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Company Structure ZCITY SDN BHD As a wholly owned subsidiary of TGL, ZCITY offers a digital ecosystem that transforms and simplifies the e-payment experience for consumers, utilizing AI-powered features. It enhances user engagement through AI-driven personalization, provides seamless payment solutions, and rewards users, creating a comprehensive and convenient digital experience. TREASURE GLOBAL INC (TGL) TGL is a Malaysian solutions provider specializing in the development of innovative technology platforms. By leveraging advanced artificial intelligence (AI) technologies, TGL drives innovation across various sectors. The company's solutions enhance user experiences, optimize operations, and promote digital transformation. 4
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ZCITY: An Ecosystem with Rewards 5 Offline Traffic Rewards Revenue Generator Bill Payment E-voucher Zstore Scan & Pay Business Automation Online Traffic • The ZCITY Super app provides consumers and merchants with solutions to simplify and enhance the shopping experience, driving increased user engagement and data collection. • Transforming the e-payment experience for consumers, while simultaneously earning rewards through cashless shopping with rebatesin both e-commerce (online) and retail outlets (offline), instant rebates, and an affiliate cashback program.
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6 ‐ Unified IoT platform enabling rapid visualization of energy data. ‐ Comprehensive energy data insights and advanced device management. ‐ Optimized resource allocation and enhanced operational efficiency. ‐ Environmental sustainability through intelligent management. Transforming Campus Management with Smart Solutions ‐ Exclusive partnership for an AI-driven blockchain wallet on Telegram. ‐ Seamless transfers, deposits, and cross-chain operations on Telegram. ‐ Enhanced security and user-friendly interface. ‐ Competitive advantage in the blockchain market. Decentralized Transactions with AI Blockchain Wallet ‐ Leveraging cutting-edge AI technology to drive industry transformation. ‐ Integration of AI technology to provide innovative capabilities. ‐ Capturing a significant market opportunity in Southeast Asia. ‐ Advancements in AI and IoT applications across various industries. AI and IoT Revolution in Southeast Asia ‐ Integration of AI to create diverse and interactive gaming experiences. ‐ AI Game Creator powering engaging mini-games in ZCITY's 3D World. ‐ Improved user experience and engagement through AI technology. ‐ Tapping into the booming global gaming market. AI Integration in ZCITY's Gaming World AI Robot Redefining E-Commerce Experience ‐ Seamless collaboration between the AI robot. First‐ever AI robot for live commerce on TikTok, breaking language barriers and human hosts for live commerce. ‐ An immersive and interactive shopping experience for users. ‐ Leading innovation in the realm of digital shopping experiences. Innovative Telco Services with AI-Powered Crypto Mining ‐ AI algorithms are optimizing cryptocurrency mining processes. ‐ Seamless integration of AI-driven crypto mining in mobile services. ‐ Optimization of mining processes for efficient and profitable operations. ‐ Synergy between telecommunications and blockchain technology. AI-Driven Development in Business Landscape
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Business Model 7 Online Traffic Spending Behavior Spending Trends Basket Value BIG DATA AI Tech Power BI ChatGPT * Under development Revenue Regional Expansion Zstore Zmember
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Massive Addressable Market Across Southeast Asia 8 Country Population (M) (as of January 2025) Internet Users (M) (as of January 2025) Malaysia 35.8 34.9 Singapore 5.9 5.6 Brunei 0.5 0.5 Indonesia 285 212 Philippines 116 97.5 Myanmar 54.7 33.4 Thailand 71.6 65.4 Cambodia 17.7 10.8 Vietnam 101 79.8 Laos 7.8 5.0 Total 695.9 544.8 With over 540M internet users in Southeast Asia and TGL's current market penetration at only 8% in Malaysia, there is a significant opportunity for scalable user acquisition in the region. Reference: https://datareportal.com/reports/digital-2025-malaysia https://datareportal.com/reports/digital-2025-singapore https://datareportal.com/reports/digital-2025-brunei-darussalam https://datareportal.com/reports/digital-2025-indonesia https://datareportal.com/reports/digital-2025-philippines https://datareportal.com/reports/digital-2025-myanmar https://datareportal.com/reports/digital-2025-thailand https://datareportal.com/reports/digital-2025-cambodia https://datareportal.com/reports/digital-2025-vietnam https://datareportal.com/reports/digital-2025-laos · Malaysia % with Internet Users (as of January 2025) 97% TGL - Total Registered Users (M) (as of June 2025) 2.7 User Penetration Rate ≈ 8.0%
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Massive Addressable Market Across Southeast Asia (cont’d) 9 Population (M) Internet Users (M) 0.0 50.0 100.0 150.0 200.0 250.0 300.0 Population vs Internet Users Population (M) Internet Users (M) TGL: 2.7M registered users in Malaysia (8% penetration rate) SEA = High Digital Readiness + Low Market Saturation Significant headroom for expansion into Indonesia, Vietnam, Thailand, and the Philippines.
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Strategic Expansion Roadmap 10 Expansion focus areas for platform rollout, logistics scale, and partnership activation (2025 –2028) SOUTHEAST ASIAN COUNTRIES Malaysia Myanmar Singapore Thailand Brunei Cambodia Indonesia Vietnam Philippines Laos
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Key Partnerships Drive user conversion through strategic partnerships with Malaysian companies & service partners Merchants Services Partners Local Strategic Partners Local Demands (i.e., utility bills, assessment tax, network bills, etc.) Leading offline F&B brands thatown up to 100 franchises in Malaysia Top multinationalessential & lifestyle brands 1st leading payment and top-up gateways Local utility demand to achieve user and retention stickiness Drive user conversion through strategic partnerships with Malaysian businesses & service providers 11
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Mezzofy — A Core Technology within TGL Drive user conversion through strategic partnerships with Malaysian companies & service partners 12 • Full-cycle coupon lifecycle management • Cross-channel distribution (POS, CRM, loyalty) • Real-time data analytics • Secure, scalable infrastructure Key Capabilities: • 600M+ coupons processed • HK$60B+ coupon value handled • 10K+ merchant outlets across Asia Key Metrics: Mezzofy is TGL’s proprietary digital coupon platform, powering seamless engagement between merchants and consumers across retail and F&B sectors. Integrated within TGL’s digital commerce ecosystem, Mezzofy provides an end-to-end solution for creating, distributing, redeeming, and analyzing digital coupons — bridging physical and digital retail experiences. ➢ Expands recurring revenue through a transaction-based coupon model ➢ Strengthens loyalty engagement for TGL’s F&B and retail verticals ➢ Enhances data-driven marketing and consumer insights ➢ Extends TGL’s technology IP and merchant partnerships across Asia Strategic Value to TGL:
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Mezzofy — Coupon as a service Drive user conversion through strategic partnerships with Malaysian companies & service partners Enabling Loyalty and Growth through NFC & Data 13 Merchant Mezzofy Consumer Loyalty / Revenue Insights 1️⃣ NFC‐enabled tags at merchant touchpoints 2️⃣ Consumers tap to receive coupons instantly 3️⃣ Coupons redeemed in‐store or via ZCITY app 4️⃣ Data analytics feed into TGL’s ecosystem How It Works: Mezzofy strengthens TGL’s technology stack alongside ZCITY , enhancing data synergies across consumers, merchants, and loyalty programs.
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Growth Strategy 14 1 2 3 Increase market reach by adding a broader range of product lines and offering additional services. Expand Product and Service Offerings for Consumers and Merchants Promote new niche and premium products that offer higher profit margins. Enhance Product Value Implement further improvements and developments to boost the frequency of transactions per user over time. Increase Transaction Frequency 4 5 6 Collaborate with like-minded companies to tap into untapped synergies and enter new markets. This can include developing partnerships through co-branding arrangements or M&A. Form Strategic Partnerships Enhance existing offerings with new technologies. Value-added technologies will help TGL maintain its competitive edge. Acquire Businesses for Technical Advancements Enter New Markets Evaluate investment and M&A opportunities to accelerate international expansion, particularly in Southeast Asia and Japan. Home Market New Markets
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TGL’s Key Milestones 15 2020 2021 2022 2023 2024 2025 July Launched the ZCity App in Malaysia. Dec Achieved over RM 1M in Monthly Gross Merchandising Volume (GMV). Feb Launched eVouchers and bill payment. May Collaborated with Malaysia's top 3 eWallets: Touch 'n Go, GrabPay, and Boost. Nov Launched Zmembership, reaching over 1M registered users. Dec Launched ZStore. Mar Over 1.5M registered users. Jun Revenues: ~$80M Gross profit: ~$0.5M Jul Over 2M registered users. Aug IPO of 2.3M shares at $4 each, raising $9.2M. Mar Over 2.4M registered users. May 1st brand licensing agreement signed with Morganfield’s, a Southeast Asian restaurant chain. Jun Gross profit of $573,000, a 10% increase from last year. Sep Quarterly paid users grew by 4.7%. Dec Gross profit was $346,000, a 47% increase from last year. Mar Over 2.69M registered users and facilitated a total of 190,000 transactions. Feb 51% stake acquired in Tien Ming Distribution. Apr Exclusive partnership established with Mezzofy. Jul MOU signed between Tien Ming and Taxieco. 15
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Revenue Model A diversified mix of revenue streams consisting of ”Consumer Facing” and ”Merchant Facing” revenues E-Voucher Zmembership Zstore Bill Payment 1 2 3 4 5 Others Users can purchase e-wallet reload vouchers, petrol vouchers, and shopping vouchers with instant rebates Offering bundles of discounted promo codes and attractive Zcoins to enhance consumption An e-commerce platform designed to help users earn more rewards while purchasing goods. It features a referral program and lower prices through the Group Buy function. Enabling users to pay utility bills, loans, and more with over 15 billers in 1 app. Miscellaneous income, e.g., affiliate income, commissions, advertisements, etc. 16
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Key User Metrics 17 Registered Users (Accumulated) Registered Users vs Quarterly Active Users and Paid Users % Quarterly Paid Users split by number of transactions Strategically Focused on User Recruitment and Substantial Growth 2x 14 x Paid User 2% QAU 3%
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Financial Highlights 18 Revenue (USD mil) Resilient Top-Line and Consistent Gross Profit Growth Gross Profit (USD k) Revenue FYE Jun’25: $ 2.3mil FYE Jun’24: $ 22.1mil FYE Jun’23: $ 69.4mil FYE Jun’22: $ 79.6mil Gross Profit FYE Jun’25: $1,670k FYE Jun’24: $ 816k FYE Jun’23: $ 523k FYE Jun’22: $ 476k 0 10 20 30 40 50 60 70 80 90 FYE 2022 FYE 2023 FYE 2024 FYE 2025 0 200 400 600 800 1000 1200 1400 1600 1800 FYE 2022 FYE 2023 FYE 2024 FYE 2025 Y-o-Y Grow + 105%
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Business Snapshot 19 2.71 Mil Registered Users as of Jun’25 $ 2.3 Mil FYE 2025 Revenues 43.9 % Paid Users transacted 3 times and more in a quarter for Apr-Jun’25 0.20 Mil Transactions completed (LTM until Jun’25) 2.0 k Registered Merchants as of Jun’25 105 % Year-to-Year growth in Gross Profit (FYE 2025)
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Leadership Team 20 PUSPARAJAN A/L VADIVELOO CHIEF FINANCIAL OFFICER • 11+ years across financial management, treasury operations, cash flow oversight, and administrative functions in IT, telecom, and manufacturing sectors. • Strong expertise in financial reporting, regulatory compliance, treasury management, and corporate financial controls. • Holds a Bachelor of Accounting (Hons) and maintains active professional accreditation with MIA. CARLSON THOW CHIEF EXECUTIVE OFFICER • Demonstrated ability to identify opportunities for operational efficiency, streamline processes, and implement strategic initiatives. • Holds degrees in Law and Business Administration, complemented by expertise in mergers and acquisitions, capital markets, and corporate finance. • Former Group Chief Legal Officer at Nasdaq-listed VCI Global Limited.
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Board of Directors 21 CARLSON THOW EXECUTIVE DIRECTOR SAM TEO EXECUTIVE DIRECTOR • Demonstrated ability to identify opportunities for operational efficiency, streamline processes, and implement strategic initiatives. • Holds degrees in Law and Business Administration, complemented by expertise in mergers and acquisitions, capital markets, and corporate finance. • Former Group Chief Legal Officer at Nasdaq-listed VCI Global Limited. 21 MICAHEL CHAN EXECUTIVE DIRECTOR • Over 20 years of experience in corporate finance, treasury, and strategic restructuring across listed and multinational companies. • Held key roles including CFO at Ikhasas Group, Smart Glove, Pasukhas Group, TS Global Network, and Head of Group Treasury at Sime Darby Plantation. • Holds a Master’s in Finance & Accounting (University of Wales) and is a Fellow Member of IPA (Australia) and IFA (UK). • Former CEO of Treasure Global, bringing expertise in fintech, e- commerce, and high-growth technology ventures. • Held key leadership roles, including CEO of ZCITY , Director of Business Development at ZCITY , and Managing Director of Modes Cube Sdn Bhd. • Holds a Bachelor’s and Diploma in Quantity Surveying, with proven capability in corporate strategy, business development, and scaling digital-first businesses.
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Board of Directors 22 DATO’ SRI DR. DARREN TAN NON-EXECUTIVE DIRECTOR 22 LEONG WEI PING NON– XECUTIVE DIRECTOR • Specializes in statutory and internal auditing, advisory, including secondary offering, domestic and cross‐border mergers and acquisitions • Experience in international business operations, particularly in emerging markets CHAN WAI KUAN NON-EXECUTIVE DIRECTOR • Over 15 years of expertise in driving significant market expansion and revenue growth • Founder of Casa Tropical Enterprise • An innovative leader and founder of multiple technology enterprises. • Specialized in IT by offering a wide range of products and services, including hardware, software, technical education, applications, and blockchain technology. • Holds a B.A. (Hons) Degree and a Diploma in Building Management from Sheffield Hallam University and an Honorary Doctorate in Strategic Financial Management. DATIN NURFATIN BINTI MUFTI INDEPENDENT DIRECTOR • An accomplished entrepreneur and founder of Kampung Fresh Market Sdn Bhd and a construction contracting company. • Specialized in construction, retail, and food & beverage operations, driving operational efficiency, market expansion, and supply-chain optimization. • Holds a Diploma in Quantity Surveying and extensive leadership experience in multi- sector project and business management.
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Investment Highlights 23 Innovative And Integrated E-Commerce Ecosystem Large Addressable Market (Malaysia → Southeast Asia → Global) Unique Business Model Capturing Additional Market Opportunity Experienced Leadership Team Strong Financial Performance
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Company Info: 276, 5th Avenue, Suite 704, #739, 10001, New York, US Web: https://treasureglobal.org