Treasure Global Inks Licensing Agreement With Morganfield Granting Exclusive Sub-Licensing Of The Morganfield's Brand And Agreement To Adopt TAZTE

NEW YORK and KUALA LUMPUR, Malaysia, May 01, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("TGI", or the "Company"), an innovative e-commerce platform providing seamless technology enabled solutions for lifestyle needs, today announced that it has signed its previously announced licensing agreement with Morganfield's Holding Sdn Bhd ("Morganfield's"), a restaurant chain specializing in comfort food and American-style barbecue, in which Morganfield's has granted TGI an exclusive worldwide license to grant sub-licensees to third parties to use Morganfield's trademarks for the restaurant business. Pursuant to the agreement, Morganfield's will also adopt TGI's digital food & beverage ("F&B") management system, TAZTE, in its nine franchisees in Malaysia, China, and Singapore, accelerating the rollout of TAZTE in the region.