In July, we announced a partnership agreement with VCI Global to develop AI-powered travel platform as a new offering for travelers in Malaysia. Treasure Global, MVCI Global will share ownership and profit from this collaboration, positioning the company to tap into the post-pandemic travel boom expected to contribute significantly to the Malaysian digital economy by 2025. The offering will provide a high-tech portable concierge that can suggest real-time recommendations for travel planning, dining, exploring, and seamless booking for flights, hotels, and car rentals. It also offers advanced translation functions to break down language barriers.

Nov 15, 2023 / CEO / receipt, needs a key / Sam Teo, CEO | earnings call 2023-11-15 | transcript ebf821a3-23d0-4891-bc4a-7463a17426dd | chars 12145-12798 | segment 11

Treasure Global is pleased with the progress we have achieved over the recent quarter to grow our business domestically. We are now focused on further expansion, looking at executing on the next stage of our growth plan of moving into Indonesia and Southeast Asia more broadly. As I have discussed, we have taken several steps to develop new products to further expand our addressable market segment, as well as enter new markets altogether. Travel and health and wellness are examples of sectors that we have recently launched partnership ventures into. Our domestic market of Malaysia has a growing population and solid near-term economic growth outlook. Our broader expansion opportunities are significant, which include entry into other Southeast Asian markets such as Indonesia, Thailand, Vietnam, and Japan, with much larger populations and similar demographics. particularly Indonesia, which we have already made headway into penetrating, has 10 times the population of Malaysia.

Nov 15, 2023 / CEO / receipt, needs a key / Sam Teo, CEO | earnings call 2023-11-15 | transcript ebf821a3-23d0-4891-bc4a-7463a17426dd | chars 18270-19256 | segment 17

We have also made a straight in developing new product to further expand our addressable market segment. In July, we announced a collaboration agreement with VCI Global to develop Power Travel Platform as a new offering for travelers in Malaysia.

Sep 29, 2023 / CEO / receipt, needs a key / Sam Teo, CEO | earnings call 2023-09-29 | transcript eebd9c7b-73b1-4164-9a9e-1d34113cc414 | chars 15886-16132 | segment 15