The accompanying consolidated financial
statements reflect the activities of TGL and each of the following entities.
| Name | | Background | | Ownership | | TADAA Technologies Sdn. Bhd (formerly known as ZCity Sdn Bhd and Gem Reward Sdn. Bhd.) (“TADAA Technologies”) | | ● ● ● | | A Malaysian company Incorporated in June 2017 Operated O2O e-commerce platform known as ZCITY | | 100% owned by TGL | | TADAA Ventures Sdn. Bhd (formerly known as VWXYZ Venture Sdn. Bhd underwent a name change on July 29, 2025.) (“TADAA Ventures”) (2) | | ● ● ● | | A Malaysian company Incorporated in July 2024 Holding company | | 100% owned by TGL | | Foodlink Global Sdn. Bhd. (“Foodlink”) (1) | | ● ● ● | | A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products. | | 100% owned by TGL | | Morgan Global Sdn. Bhd. (“Morgan”) (1) | | ● ● ● | | A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products. | | 100% owned by Foodlink | | AY Food Ventures Sdn. Bhd. (“AY Food”) (1) | | ● ● ● | | A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products. | | 100% owned by Foodlink |
| (1) | Due to recurring loss from the operation of sub-licensing restaurant branding and the selling and trading of food and beverage products. The Company decided to dispose Foodlink and its subsidiaries. On May 24, 2024, the Company, Jeffrey Goh Sim Ik (the “Purchaser”) and Koo Siew Leng (the “Guarantor”) entered into a Share Sale and Purchase Agreement (the “Agreement”), in which the Company agreed to sell all of its equity interest in Foodlink and its subsidiaries Morgan and AY Food to the Purchaser, in exchange for a total of $148,500, of which shall be payable by the Purchaser to the Company as follows: (i) an initial deposit payable on May 24, 2024; and (ii) the balance of the purchase price payable in eight installment payments starting from May 24, 2024. The Company recognized a gain amounted to $203,333 for the year end June 30, 2024 from disposal of Foodlink and its subsidiaries. However, the disposal did not have material impact to the Company’s operations. |
| (2) | TADAA Ventures is a holding company incorporated in July 2024, under the laws of Malaysia. As of June 30, 2025, TADAA Ventures has no substantive operations. |
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