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Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a Southeast Asia–anchored technology company, today announced that several of its major shareholders have voluntarily committed to a 12-month lock-up covering over 51% of the Company's outstanding shares, effective November 14, 2025. The lock-up applies to all shares directly or indirectly owned by the participating shareholders, including any securities convertible into or exercisable for Company shares, demonstrating strong confidence in Treasure Global's long-term strategy and supporting market stability.
The participating shareholders include 24 entities and individuals, representing over 51% of the Company's outstanding shares.
Under the agreement, the signatories have pledged not to sell, transfer, pledge, or otherwise dispose of any common stock or securities convertible into Company shares for a period of 12 months, starting November 14, 2025. Standard exceptions permit certain transactions, such as gifts, family transfers, or inclusion in employee benefit plans, provided that the shares do not enter the public market.
During this period, any disposition of the locked-up shares requires the Company's prior approval, ensuring alignment with Treasure Global's strategic objectives.
The lock-up is supported by a group of major shareholders, including Treasure Global's executive directors, Chan Meng Chun and Teo Chong Chan, as well as long-standing investors, strategic business partners, and employees participating through ESOS. Collectively, these stakeholders represent a meaningful portion of the Company's shareholder base and reflect unwavering confidence in Treasure Global's strategic direction and long-term growth roadmap.
Posted In: TGL
