Business
Treasure Global Reappoints Former CEO Sam Teo as Acting CEO to Lead Next Phase of Growth; Carlson Thow to Continue as Executive Director
KUALA LUMPUR, Malaysia, April 06, 2026 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored
About this update from Treasure Global Inc.
[{"type":"text","content":"KUALA LUMPUR, Malaysia, April 06, 2026 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company, today announced the return of Sam Teo as Acting Chief Executive Officer (CEO), effective April 1, 2026. Sam Teo, who previously served as CEO, brings proven leadership to steer the Company’s continued growth and operational execution. Carlson Thow will step down as Chief Executive Officer and continue as Executive Director, focusing on corporate governance and long-term strategic initiatives to support the Company’s continued growth. As the former CEO of Treasure Global, Sam Teo brings substantial institutional knowledge, a history of effective leadership, and a strong record of scaling the Company’s digital ecosystem. His return underscores the Board’s confidence in his ability to drive execution, reinforce operational discipline, and accelerate monetization and expansion across fintech, digital commerce, and emerging technology verticals. Sam Teo’s return comes at a pivotal time as Treasure Global accelerates execution across its multi-vertical digital ecosystem. Building on strong recent momentum, the Company has achieved a 7x quarter-over-quarter increase in ARPU and over 70% high-frequency user engagement on its ZCITY platform, underscoring improving monetization and platform scalability. The Company is now entering a new phase of scalable growth, with the returning Acting CEO well-positioned to accelerate monetization across its ZCITY platform, OXI wallet, and emerging technology verticals. Under his leadership, the Company is focused on scaling key growth pillars, including the strategic redevelopment of TAZTE to enhance long-term infrastructure and analytics capabilities, and the accelerated rollout of its OXI wallet, which has secured its first corporate client and is targeting significant user and revenue expansion. In parallel, Treasure Global is expanding into high-growth sectors such as electric mobility and advanced technologies through strategic partnerships, positioning the Company to access global markets and unlock new revenue streams. Sam Teo’s substantial institutional knowledge and execution track record are expected to be instrumental in scaling these initiatives and driving long-term shareholder value. “Sam Teo’s return as Chief Ex...