Treasure Global announces 12-month voluntary lock-up covering 51% of shares

Treasure Global (TGL) announced that several of its major shareholders have voluntarily committed to a 12-month lock-up covering over 51% of the company’s outstanding shares, effective November 14. The lock-up applies to all shares directly or indirectly owned by the participating shareholders, including any securities convertible into or exercisable for company shares, demonstrating strong confidence in Treasure Global’s long-term strategy and supporting market stability. The participating shareholders include 24 entities and individuals, representing over 51% of the company’s outstanding shares. Under the agreement, the signatories have pledged not to sell, transfer, pledge, or otherwise dispose of any common stock or securities convertible into company shares for a period of 12 months, starting November 14.