The company sources raw materials for its products and services from manufacturers and distributors worldwide, sometimes under long-term or exclusive contracts to secure supply at acceptable prices and timely delivery. Supply chain disruptions caused by the COVID-19 pandemic or geopolitical events such as Russia's invasion of Ukraine may increase costs and affect consumer spending, potentially impacting the business. The company generates most of its revenue from the ZCITY App in Malaysia and intends to expand into other Southeast Asian countries and Japan. While its reporting currency is the U.S. dollar, the company operates with functional currencies from Southeast Asia and Japan, exposing it to foreign exchange risk. Fluctuations in currencies, particularly the Malaysian Ringgit, could adversely affect operations and the value of its securities. Additionally, foreign exchange regulations in Southeast Asian countries may influence currency conversion and payment obligations.
Treasure Global Inc's Comment on Supply Chain
The company sources raw materials for its products and services from manufacturers and distributors worldwide, sometimes under long-term or exclusive contracts to secure supply at acceptable prices and timely delivery. Supply chain disruptions caused by the COVID-19 pandemic or geopolitical events such as Russia's invasion of Ukraine may increase costs and affect consumer spending, potentially impacting the business. The company generates most of its revenue from the ZCITY App in Malaysia and intends to expand into other Southeast Asian countries and Japan. While its reporting currency is the U.S. dollar, the company operates with functional currencies from Southeast Asia and Japan, exposing it to foreign exchange risk. Fluctuations in currencies, particularly the Malaysian Ringgit, could adversely affect operations and the value of its securities. Additionally, foreign exchange regulations in Southeast Asian countries may influence currency conversion and payment obligations.
Sources:
Treasure Global Inc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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