Nurfatin Mufti
About Nurfatin Mufti
Y. Bhg. Datin Nurfatin Binti Mufti, 37, was appointed as an Independent Director of Treasure Global Inc. effective October 22, 2025. She holds a Diploma and Bachelor’s degree in Quantity Surveying from Universiti Teknologi MARA (UiTM), a Master’s in Facilities Management, and is pursuing a Ph.D. in Facilities Management at UiTM. Her background spans construction cost control and operations, multi-outlet grocery/fresh-food retail, and supply chain/manufacturing leadership in Malaysia .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Various Malaysian construction firms | Quantity Surveyor | 2006–2012 | Oversaw project cost control, procurement, and contract administration for residential/commercial projects . |
| Construction contracting company (founder) | Founder/Manager | From 2012 | Led materials sourcing, manpower coordination, and on-time execution . |
| Kampung Fresh Market Sdn. Bhd. | Founder/CEO | From 2016 (F&B retail entry); subsequent grocery/fresh-food retail | Expanded to multiple outlets (Setia Alam, Eco Majestic, Cybersouth, Denai Alam); established central warehouse and distribution hub supplying retail chains, hypermarkets, and restaurants domestically and internationally . |
| Manufacturing/Export (private label/OEM) | Founder/Lead | Ongoing | Spearheaded diversification into ready-to-eat meals, sambal condiments, snacks; OEM/private-label partnerships . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Kampung Fresh Market Sdn. Bhd. | Founder/CEO | Ongoing | Multi-outlet grocery and fresh-food retail operations with integrated warehouse and distribution . |
| Public company directorships | — | — | No other public company boards were disclosed in the appointment 8-K . |
Board Governance
- Appointment and independence: Appointed Independent Director effective October 22, 2025 .
- Committee assignments: Her appointment documents state she will “serve as a member of certain committees,” but do not specify which committees at this time .
- D&O insurance: She will be named as an insured under the Company’s D&O policy .
- Prior committee structure (context as of mid‑2025): Audit (Chair: Wei Ping Leong), Compensation (Chair: Wai Kuan Chan), Nominating & Corporate Governance (Chair: Kok Pin “Darren” Tan) .
Fixed Compensation
| Component | Amount/Terms | Effective Date | Notes |
|---|---|---|---|
| Director’s fee (cash) | RM 3,000 per month | Upon Board approval/appointment (Oct 22, 2025) | Payable by the 7th of the following month . |
| Expense reimbursement | Reasonable expenses per policy | Ongoing | In accordance with Company policies . |
Performance Compensation
| Award Type | Grant Date | Shares/Value | Vesting | Performance Metrics | Notes |
|---|---|---|---|---|---|
| Equity awards (RSUs/PSUs/options) | — | — | — | — | No equity or performance-based director awards disclosed in her appointment letter or the 8‑K appointment narrative . |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Other public company boards | None disclosed in the appointment 8‑K . |
| Potential network/interlocks | Background in grocery/fresh-food retail could intersect with TGL’s merchant ecosystem focus in F&B and planned grocery expansion; monitor for future related-party transactions if any arise . |
Expertise & Qualifications
- Quantity surveying and facilities management academic track (Diploma, Bachelor’s, Master’s; Ph.D. in progress) .
- 15+ years in construction cost control, procurement, and contract administration .
- Founder/operator experience in multi-outlet grocery/fresh-food retail, with warehousing, distribution, and export manufacturing (RTE foods, condiments, snacks, OEM/private label) .
- Operational and supply-chain capabilities aligned with TGL’s merchant-facing and F&B ecosystem ambitions .
Equity Ownership
| Item | Status |
|---|---|
| Section 16 obligation | Appointment letter requires timely filing of Forms 3, 4, 5 in her personal capacity . |
| Beneficial ownership | No beneficial ownership amounts were disclosed in the appointment 8‑K or the appointment letter . |
| Shares pledged | Not disclosed in the appointment documents . |
| D&O insurance | She will be covered under the Company’s D&O policy . |
Governance Assessment
-
Positive indicators
- Independent appointment strengthens non-management oversight; independence explicitly stated .
- Cash-only director fee is modest (RM 3,000/month), limiting cash misalignment risk absent equity grants; no equity awards disclosed at appointment .
- D&O coverage confirmed, supporting director risk management and board effectiveness .
-
Watch items / potential red flags
- Committee assignments were not specified at appointment; clarity on Audit/Comp/Nominating roles is pending—important for board effectiveness and workload distribution .
- Appointment letter includes non-compete and time-commitment language (“devote your full professional time and effort”) that is unusual for a non-executive director; monitor practical application and potential conflicts with external operating roles .
- Her retail/food supply background overlaps with TGL’s merchant-focused and F&B ecosystem, implying potential for future related-party transactions if her private companies engage with TGL; no such transactions are disclosed at appointment—continue monitoring disclosures and Audit Committee related-party reviews .
- Ownership alignment not yet observable from filings; appointment documents require Section 16 filings but do not disclose holdings—track for timely Form 3/4 filings and any stock ownership guidelines in the next proxy .
Notes:
- All information reflects disclosures in the October 28, 2025 Form 8‑K and its exhibits, and prior governance disclosures through mid‑2025 .