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Treasure Global Inc Strengthens Leadership with Appointment of New Independent Directors

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Treasure Global Inc (NASDAQ: TGL) has appointed two new independent directors to strengthen its leadership team and enhance corporate governance. Mr. Leong Wei Ping, an Executive Director at Asia Television Holdings , brings expertise in international business operations, strategic planning, and corporate governance. Mr. Anand Ramakrishnan, Group Managing Director and CEO of Invest Energy Group, offers experience in deal origination, execution, and managing complex energy projects.

CEO Carlson Thow expressed confidence that these appointments will drive shareholder value and reinforce the company's commitment to excellence and innovation. The move aims to enhance Treasure Global's ability to navigate the evolving technological landscape and seize emerging opportunities as it continues to scale operations and expand globally.

Treasure Global Inc (NASDAQ: TGL) ha nominato due nuovi direttori indipendenti per rafforzare il suo team di leadership e migliorare la governance aziendale. Il signor Leong Wei Ping, Direttore Esecutivo di Asia Television Holdings, porta con sé competenze nelle operazioni commerciali internazionali, pianificazione strategica e governance aziendale. Il signor Anand Ramakrishnan, Direttore Generale e CEO di Invest Energy Group, offre esperienza nell'origination di affari, nell'esecuzione e nella gestione di progetti energetici complessi.

Il CEO Carlson Thow ha espresso fiducia sul fatto che queste nomine aumenteranno il valore per gli azionisti e rafforzeranno l'impegno dell'azienda per l'eccellenza e l'innovazione. Questa mossa mira a migliorare la capacità di Treasure Global di navigare nel paesaggio tecnologico in evoluzione e di cogliere le opportunità emergenti mentre continua a espandere le operazioni a livello globale.

Treasure Global Inc (NASDAQ: TGL) ha designado a dos nuevos directores independientes para fortalecer su equipo de liderazgo y mejorar la gobernanza corporativa. El Sr. Leong Wei Ping, Director Ejecutivo de Asia Television Holdings, aporta experiencia en operaciones comerciales internacionales, planificación estratégica y gobernanza corporativa. El Sr. Anand Ramakrishnan, Director General y CEO de Invest Energy Group, ofrece experiencia en la generación de negocios, ejecución y gestión de proyectos energéticos complejos.

El CEO Carlson Thow expresó confianza en que estos nombramientos impulsarán el valor para los accionistas y reforzarán el compromiso de la empresa con la excelencia y la innovación. Esta medida busca mejorar la capacidad de Treasure Global para navegar en el panorama tecnológico en evolución y aprovechar las oportunidades emergentes mientras sigue escalando operaciones y expandiéndose globalmente.

Treasure Global Inc (NASDAQ: TGL)는 두 명의 새로운 독립 이사를 임명하였습니다 그들의 리더십 팀을 강화하고 기업 거버넌스를 향상시키기 위해. 이웅웨이핑 (Mr. Leong Wei Ping)은 아시아 텔레비전 홀딩스의 전무이사로서 국제 비즈니스 운영, 전략 기획 및 기업 거버넌스에 대한 전문성을 제공합니다. 아난드라마크리시난 (Mr. Anand Ramakrishnan)은 인베스트 에너지 그룹의 그룹 CEO로서 거래 발생, 실행 및 복잡한 에너지 프로젝트 관리 경험을 제공합니다.

CEO 칼슨 토우는 이러한 임명이 주주 가치를 증가시키고 회사의 탁월함과 혁신에 대한 헌신을 강화할 것이라고 확신했습니다. 이러한 조치는 Treasure Global이 진화하는 기술 환경을 탐색하고, 운영을 확장하며 글로벌로 진출하면서 새로운 기회를 포착할 수 있는 능력을 향상시키는 것을 목표로 합니다.

Treasure Global Inc (NASDAQ: TGL) a nommé deux nouveaux administrateurs indépendants pour renforcer son équipe de direction et améliorer la gouvernance d'entreprise. M. Leong Wei Ping, directeur exécutif d'Asia Television Holdings, apporte son expertise en opérations commerciales internationales, planification stratégique et gouvernance d'entreprise. M. Anand Ramakrishnan, directeur général et PDG d'Invest Energy Group, offre une expérience en génération d'affaires, exécution et gestion de projets énergétiques complexes.

Le PDG Carlson Thow a exprimé sa confiance que ces nominations augmenteront la valeur pour les actionnaires et renforceront l'engagement de l'entreprise envers l'excellence et l'innovation. Cette initiative vise à améliorer la capacité de Treasure Global à naviguer dans un paysage technologique en évolution et à saisir les opportunités émergentes tout en continuant d'étendre ses opérations et de se développer à l'international.

Treasure Global Inc (NASDAQ: TGL) hat zwei neue unabhängige Direktoren ernannt, um sein Führungsteam zu stärken und die Corporate Governance zu verbessern. Herr Leong Wei Ping, Geschäftsführer von Asia Television Holdings, bringt Fachwissen in internationalen Geschäftsoperationen, strategischer Planung und Unternehmensführung mit. Herr Anand Ramakrishnan, Geschäftsführer und CEO der Invest Energy Group, bietet Erfahrung in der Geschäftsanbahnung, -abwicklung sowie im Management komplexer Energieprojekte.

CEO Carlson Thow äußerte sich zuversichtlich, dass diese Ernennungen den Aktionärswert steigern und das Engagement des Unternehmens für Exzellenz und Innovation stärken werden. Der Schritt zielt darauf ab, die Fähigkeit von Treasure Global zu verbessern, sich im sich wandelnden Technologielandschaft zurechtzufinden und sich bietende Chancen zu nutzen, während das Unternehmen weiterhin seine Aktivitäten ausweitet und global expandiert.

Positive
  • Appointment of two experienced independent directors strengthens the leadership team
  • Enhanced corporate governance through diverse expertise addition to the board
  • Potential for improved strategic planning and business operations
Negative
  • None.

NEW YORK and KUALA LUMPUR, Malaysia, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading technology solutions provider, is pleased to announce the appointment of two new independent directors, Mr. Leong Wei Ping and Mr. Anand Ramakrishnan to its Board. This strategic move underscores the Company's ongoing efforts to strengthen its leadership team and enhance its corporate governance as it continues to scale its operations and expand its global presence.

Mr. Leong Wei Ping currently serves as an Executive Director at Asia Television Holdings Limited, which he joined in 2020. In this capacity, he is primarily responsible for the planning, organizing, and directing of the organization’s operations and programs, as well as overseeing and reporting on the company’s results to senior management. Additionally, he co-founded ZORIXchange in 2022, where he plays a key role in driving company revenue through professional strategies, developing new business opportunities, and expanding the brand’s influence. Mr. Leong holds degrees in Commerce from Curtin University and Macquarie University. With a background at KPMG, he specializes in auditing, advisory services, and mergers and acquisitions. Mr. Leong’s extensive experience in international business operations, strategic planning, and corporate governance will bring valuable insights as the Company continues to grow.

Mr. Anand Ramakrishnan currently serves as Group Managing Director and CEO of Invest Energy Group since January 2013. A career-driven entrepreneur, he is results-oriented with a hands-on approach, leading deal origination and execution while managing stakeholders. He has a proven track record in delivering results for complex energy projects and leads a team from concept to commercialization. Mr. Anand holds a Bachelor of Engineering (Hons.) degree in Civil Engineering from the University of Liverpool and a Master of Science in Transport and Business Management from Imperial College, London, UK. His areas of expertise include project assessment, techno-commercial valuation, deal origination and execution, operational management, investment analysis, M&A, fundraising, and asset management.

“On behalf of the Board, I am pleased to welcome Mr. Leong and Mr. Anand to Treasure Global,” said Carlson Thow, CEO and Director of Treasure Global. “As we propel our growth strategy forward, Mr. Leong’s extensive experience and proven track record will offer invaluable insights, while Mr. Anand’s profound expertise in deal origination and execution will greatly strengthen our leadership team. Together, they will help drive shareholder value and reinforce our unwavering commitment to corporate excellence and innovation.”

These appointments reflect the Company’s ongoing commitment to strengthening its leadership team with individuals who bring diverse perspectives and deep industry expertise. The Company believes that the addition of Mr. Leong and Mr. Anand will enhance its ability to navigate the evolving technological landscape and seize emerging opportunities.

About Treasure Global Inc:

Treasure Global is a leading Malaysian solutions provider developing innovative technology platforms. Treasure Global has developed the ZCITY Super App, a unique digital ecosystem that transforms and simplifies the e-payment experience for consumers, while simultaneously allowing them to earn rewards. As of August 9, 2024, ZCITY Super App boasts over 2.7 million registered users.

For more information, please visit https://treasureglobal.co.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of the coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

For further information, please contact:

Investor and Media Contact
ir_us@treasuregroup.co


FAQ

Who are the new independent directors appointed by Treasure Global Inc (TGL)?

Treasure Global Inc (TGL) has appointed Mr. Leong Wei Ping and Mr. Anand Ramakrishnan as new independent directors to its Board.

What experience does Mr. Leong Wei Ping bring to Treasure Global Inc (TGL)?

Mr. Leong Wei Ping brings experience in international business operations, strategic planning, and corporate governance. He is currently an Executive Director at Asia Television Holdings and co-founder of ZORIXchange.

What is Mr. Anand Ramakrishnan's background and role at Treasure Global Inc (TGL)?

Mr. Anand Ramakrishnan is the Group Managing Director and CEO of Invest Energy Group. He brings expertise in deal origination, execution, and managing complex energy projects to his role as an independent director at Treasure Global Inc (TGL).

How does Treasure Global Inc (TGL) expect these appointments to impact the company?

Treasure Global Inc (TGL) expects these appointments to drive shareholder value, enhance corporate governance, and improve the company's ability to navigate the evolving technological landscape and seize emerging opportunities.

Treasure Global Inc.

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