Treasure Global Inc. Appoints New CEO, CFO, COO
Ticker: TGL · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1905956
| Field | Detail |
|---|---|
| Company | Treasure Global Inc (TGL) |
| Form Type | 8-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001, $80,000, $6,666.67 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-appointment, board-of-directors
TL;DR
New CEO Jianhua Li takes over at Treasure Global Inc. along with new CFO and COO.
AI Summary
Treasure Global Inc. announced on June 20, 2024, a change in its board of directors and executive compensation arrangements. Specifically, the company elected Mr. Jianhua Li as a new director and appointed him as the Chief Executive Officer. Additionally, Ms. Xiaoyan Li was appointed as Chief Financial Officer, and Mr. Zhaohui Wang was appointed as Chief Operating Officer. The filing also details compensatory arrangements for these key officers.
Why It Matters
This filing indicates significant leadership changes at Treasure Global Inc., including the appointment of a new CEO, CFO, and COO, which could signal a new strategic direction for the company.
Risk Assessment
Risk Level: medium — Changes in key executive positions and board composition can introduce uncertainty and potential shifts in strategy, impacting the company's future performance.
Key Players & Entities
- Treasure Global Inc. (company) — Registrant
- Jianhua Li (person) — Elected Director and appointed CEO
- Xiaoyan Li (person) — Appointed CFO
- Zhaohui Wang (person) — Appointed COO
- June 20, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new CEO of Treasure Global Inc.?
Mr. Jianhua Li has been appointed as the new Chief Executive Officer of Treasure Global Inc.
What other executive positions were filled in this filing?
Ms. Xiaoyan Li was appointed as Chief Financial Officer, and Mr. Zhaohui Wang was appointed as Chief Operating Officer.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on June 20, 2024.
What is the principal executive office address for Treasure Global Inc.?
The principal executive office address is 276 5th Avenue, Suite 704 #739, New York, New York 10001.
What is Treasure Global Inc.'s state of incorporation?
Treasure Global Inc. is incorporated in Delaware.
Filing Stats: 870 words · 3 min read · ~3 pages · Grade level 11.9 · Accepted 2024-06-24 17:41:43
Key Financial Figures
- $0.00001 — ch registered Common Stock, par value $0.00001 per share TGL The Nasdaq Stock Mark
- $80,000 — Mr. Chai will be entitled to a total of $80,000 worth of shares of common stock of the
- $6,666.67 — nual basis for the first year, of which $6,666.67 worth of shares of common stock of the
Filing Documents
- ea0208368-8k_treasure.htm (8-K) — 29KB
- ea020836801ex10-1_treasure.htm (EX-10.1) — 50KB
- ex10-1_001.jpg (GRAPHIC) — 23KB
- 0001213900-24-055312.txt ( ) — 293KB
- tgl-20240620.xsd (EX-101.SCH) — 3KB
- tgl-20240620_lab.xml (EX-101.LAB) — 33KB
- tgl-20240620_pre.xml (EX-101.PRE) — 22KB
- ea0208368-8k_treasure_htm.xml (XML) — 4KB
02 Departure
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 21, 2024, Su Chen "Chanell" Chuah informed Treasure Global Inc (the "Company") of her resignation as Chief Operating Officer, effective as of July 21, 2024. On June 21, 2024, the Board of Directors of the Company appointed Chai Ching "Henry" Loong as Chief Operating Officer of the Company effective as of June 21, 2024. Mr. Chai, age 36, has experience developing software applications and managing operations of banking and technology companies. Prior to joining the Company, Mr. Chai served as Chief Technology Officer of V Capital Group from January 2022 until June 2024. In July 2019, he founded Taylorbyte Solutions, a company that provides custom made solutions with regard to digitalization, where he was the Founder until December 2021. From November 2018 until June 2019, Mr. Chai served as Head of Information Technology of FINX Capital Banking Sdn Bhd, where he oversaw all technology operations, including coordinating project timelines for FINX blockhain. In 2010, Mr. Chai graduated from Tunku Abdul Rahman University College with a Diploma in Science in Information Systems Engineering and obtained his Bachelor of Information System Engineering from the University Tunku Abdul Rahman in 2013. Chai Ching "Henry" Loong and the Company entered into the Executive Employment Agreement dated as of June 20, 2024 (the "Employment Agreement"), pursuant to which Mr. Chai was appointed as the Chief Operating Officer of the Company effective as of June 21, 2024. The term of the Employment Agreement is for one year of which term is renewable on a yearly basis. Mr. Chai is entitled to receive a basic monthly salary of RM 10,000. In addition, Mr. Chai will be entitled to a total of $80,000 worth of shares of common stock of the Company on an annual basis for the first year, of which $6,666.67 worth of shares of comm
01. Financial
Item 9.01. Financial (d) Exhibits Exhibit Description 10.1 Executive Employment Agreement dated as of June 20, 2024, by and between Treasure Global Inc and Chai Ching Loong 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 24, 2024 TREASURE GLOBAL INC By: /s/ Carlson Thow Name: Carlson Thow Title: Chief Executive Officer 2