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Treasure Global Inc.
9/29/2023
Good day, everyone, and welcome to Global Treasurer Inc.' 's fourth quarter and fiscal year 2023 conference call. At this time, participants are on a listen-only mode. A question-and-answer session will follow management's remarks. This conference call is being recorded. A replay of today's call will be available on the investor relations section of TGL's website and will remain posted there for the next 30 days. I will now hand the conference over to Sophia Bashford, Senior Account Director, Investor Relations for KCSA, for introductions and the reading of the Safe Harbor Statement. Please go ahead.
Thank you, Operator. Good morning, everyone, and welcome to Treasure Global's fourth quarter and fiscal year 2023 results conference call. With us on today's call are Sam Teo, Chief Executive Officer, Michael Chan, Chief Financial Officer, and Jeremy Roberts, Independent Director. Before we begin, I would like to remind you that today's call contains certain forward-looking statements from our management, made within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, concerning future events. Words such as may, should, project, expect, intends, plans, believes, anticipates, hopes, estimates, and variations of such words and similar expressions are intended to identify forward-looking statements. These statements are subject to numerous conditions, many of which are beyond the control of the company, including those set forth in the risk factor section of the company's Form 10-K for the year ended June 30, 2022, filed with the FCC. Copies of this document are available on the FCC's website at www.scc.gov. Actual results may differ materially from those expressed or implied by such forward-looking statements. The company undertakes no obligation to update these statements for revisions or changes after the date of its call, except as required by law. Now it is my pleasure to introduce Sam Teo, CEO of TGL. Sam, please go ahead.
Thanks, Sophia. And thank you, everyone, for joining us today on our fourth quarter and fiscal year 2023 Earnings Conference Call for the period ended June 30, 2023. I'm happy to be here to provide an update on our business. Firstly, I will retract Treasure Global and our main growth driver, followed by a review of specific highlights from the fourth quarter and subsequent to the quarter end. I will then repeat our vision for growth and how we have the global to achieve this. Our Chief Financial Officer, Michael Chang, will then discuss the financial highlights for our fourth quarter and fiscal year financial results. Following that, we will be happy to answer your questions. Treasure Global, or 3GL, is a Malaysian solution developing innovative technology platform. We have a strong track record of developing cutting-edge solution for our customer base. And through our proprietary technology platform, we developed two primary technology solutions, Zacity and Taste. They are providing online e-commerce with offline physical retailers. Given our experience and success within the food and beverage industry, we established a third growth driver to this year as a food and beverage master franchisor, which we launched as Foodlink. We believe this is an opportunity to leverage our platform to reach a more extensive consumer base and are able to introduce new products and innovations which we expect to try our growth in the year ahead. Before discussing the various new growth opportunities that we are now advancing, I will write the advancements that we made with Zach City and Case in fiscal 2023 and in the 4th quarter, which have expanded our market footprint and helped grow our reach to new markets and customer segments. Our first proprietary product, the Zach City app, is a They simplify lifestyle needs with instant rebates and affiliate cashback programs. Zaxity serves both consumers and merchants to maximize value creation and enhance the shopping experience. To date, we have been highly successful in recruiting a large and growing number of users, gaining more than 2.6 million registered users and over 2,000 merchants. We have achieved this growth through innovative enhancements and strategy partnership. In the fourth quarter, we integrated AI technology into our ZCity app with a user-friendly chatbot powered by GizEngine and ChartGPT, allowing us to offer consumers a more personalized and targeted reward experience. Our next change, personalized chatbot assistant, which we have named Jojo, went live in August for ZCity users. and is serving as a key market differentiator, positioning Treasure Global as a leader in the AI-driven e-commerce space. Jojo uses AI and deep learning to track user personal preferences to recommend idea promotion and products for them. The active functionality is expected to enhance user retention and attract new customers to drive revenue growth, as well as
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