Sylvia Chan
About Sylvia Chan
See Wah “Sylvia” Chan, age 34, has served as Chief Financial Officer (CFO) of Treasure Global Inc. (TGL) since July 1, 2025; she was previously Deputy CFO beginning June 18, 2025 . She is a qualified Chartered Accountant (MIA) and fellow of ACCA, with prior experience as Group Financial Controller at a public listed company . Company operating context during her early tenure shows highly variable revenue and negative EBITDA; see table below.
| Metric | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|
| Revenue ($USD) | $301,898 | $666,521 | $1,154,767 | $182,527 |
| EBITDA ($USD) | -$665,122* | -$16,216* | -$3,692,452* | -$1,719,118* |
*Values retrieved from S&P Global.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Treasure Global Inc. | Deputy CFO (Designate) | Jun 18–Jun 30, 2025 | Supported CFO transition; preparatory leadership in finance |
| Treasure Global Inc. | Chief Financial Officer | Jul 1, 2025–Present | Leads financial strategy, budgeting, reporting, and compliance; advises CEO/Board |
| Public listed company (not named) | Group Financial Controller | Prior to Jun 2025 | Led financial management for a listed issuer; strengthens TGL’s accounting rigor |
External Roles
No public company directorships or external board roles disclosed in the 8-Ks and proxy statements reviewed .
Fixed Compensation
| Component | Detail | Notes |
|---|---|---|
| Base Salary | RM 19,000 per month | Per Appointment Letter Agreement as CFO |
| Cash bonus (target/actual) | Not disclosed | No cash bonus details disclosed |
| Perquisites | Not disclosed | No perquisites disclosed |
Performance Compensation
| Award Type | Grant Value/Structure | Performance Metrics | Vesting | Notes |
|---|---|---|---|---|
| Equity (shares) | $80,000 worth of common stock annually | Not disclosed for Sylvia’s grant | Subject to plan vesting schedules and restrictions | CFO equity is issued under the Company’s equity plan framework |
| Plan-level performance awards (general) | Plan enables RSUs, options, SARs, and performance awards | Plan permits use of metrics including net sales, EPS, EBITDA, ROE, cash flow, market share, etc. | As set by Administrator | Plan features are general; Sylvia-specific weightings/targets not disclosed |
- Change-of-control treatment (plan-level): If awards are not assumed, unvested equity vesting accelerates; performance awards are deemed achieved at 100% of target; awards may be settled in successor stock .
- Clawback: Compensation subject to recoupment to the extent required by applicable law, Company policy, and exchange rules .
Equity Ownership & Alignment
| Item | Amount/Detail |
|---|---|
| Total beneficial ownership | 18,063 common shares |
| Shares outstanding (record date) | 16,962,004 shares |
| Ownership as % of outstanding | 0.106% (calc. from 18,063 / 16,962,004) |
| Vested vs. unvested breakdown | Not disclosed |
| Options (exercisable/unexercisable) | Not disclosed |
| Shares pledged as collateral | None disclosed |
| Ownership guidelines & compliance | Not disclosed |
- No Form 4 insider trading filings identified for Sylvia Chan in the period reviewed, limiting visibility into selling/purchase patterns [ListDocuments: Form 4 returned 0].
Employment Terms
| Term | Detail |
|---|---|
| Start date & role | Appointed CFO effective July 1, 2025 |
| Contract term / termination | Either party may terminate with 3 months’ written notice or salary in lieu |
| Non-solicit | One year post-termination (employees and clients), among other restrictions |
| Non-compete | Not disclosed for CFO |
| Severance | Not disclosed beyond salary in lieu of notice |
| Change-of-control economics | Plan-level acceleration if awards not assumed; performance deemed at 100% of target |
| Clawback | Plan-level recoupment per law/policy/exchange rules |
Investment Implications
- Alignment and dilution: Direct ownership is modest at ~0.106%, while a meaningful portion of CFO pay is equity ($80,000/year), tying compensation to stock outcomes but potentially contributing to issuance overhang; specifics on vesting and disposition are not disclosed .
- Retention and mobility: Contractual non-solicit for one year post-termination aids retention; absence of a disclosed non-compete may modestly raise mobility risk if performance deteriorates .
- Corporate action dynamics: The 2025 equity plan is broad and includes automatic annual share reserve increases up to 15% of fully diluted shares, and full acceleration if awards are not assumed upon change-of-control—both useful for retention and deal flexibility but potential dilution considerations for investors .
- Operating execution risk: Recent quarters show revenue volatility and negative EBITDA, indicating execution challenges during early tenure; this raises the importance of rigorous cash management and financing discipline under the CFO (EBITDA from S&P Global*).
- Insider selling pressure: No Form 4 filings identified for Sylvia Chan, so current selling activity cannot be assessed; monitor future Section 16 filings for potential disposition around vest dates [ListDocuments: Form 4 returned 0].
*Values retrieved from S&P Global.