TREASURE GLOBAL INC (TGL) Form 8-K — Oct 23, 2026
Treasure Global Inc's wholly owned Malaysian subsidiary Tadaa Technologies Sdn Bhd entered into a Software Development Agreement on October 21, 2026 with Techcom Vintage Sdn Bhd to build a government-focused fertilizer subsidy traceability and AI agriculture platform. The developer will deliver the platform in five phases, from an RFID proof of concept within one month to final integration within ten months, covering inventory, GPS logistics, and AI-driven farmer intelligence modules. Tadaa will pay fixed fees of RM8,000,000 across six milestones, including a RM4,000,000 mobilization payment due within two business days of signing.
Key figures
- Currency
- RM (Malaysian Ringgit)
- Payment Schedule
- [{"amount":"RM4,000,000","percent":"50%","milestone":1,"description":"Mobilization payment upon Effective Date"},{"amount":"RM1,200,000","percent":"15%","milestone":2,"description":"Phase 1 acceptance"},{"amount":"RM1,200,000","percent":"15%","milestone":3,"description":"Phase 2 acceptance"},{"amount":"RM800,000","percent":"10%","milestone":4,"description":"Phase 3 acceptance"},{"amount":"RM600,000","percent":"7.5%","milestone":5,"description":"Phase 4 acceptance"},{"amount":"RM200,000","percent":"2.5%","milestone":6,"description":"Final acceptance"}]
- Liquidated Damages
- 2% of delayed phase value per week, capped at 10% of phase value
- Total Contract Value
- 8000000
- Mobilization Payment
- 4000000
- Phase Completion Timeline
- {"phase1":"Within 1 month of October 21, 2026","phases2to4":"Within 3 months of October 21, 2026","finalIntegration":"Within 10 months of October 21, 2026"}
AI analysis
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