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Highlights:

  • IS3 entered a non-binding MoU with NASDAQ-listed Treasure Global to explore AI collaboration.
  • IS3 and TGL may engage in a GPU transaction valued at approximately AUD 600,000 over 12 months.
  • I Synergy Group aims to progress toward a definitive agreement within three months.

I Synergy Group Limited (ASX:IS3)  has announced the signing of a non-binding Memorandum of Understanding (MoU) with Treasure Global Inc. (NASDAQ:TGL), a U.S.-listed digital solutions company headquartered in Malaysia. The agreement marks an initial step toward potential collaboration on artificial intelligence (AI) infrastructure initiatives in Malaysia. Under the terms of the MoU, the two companies will explore the sale and purchase of advanced AI-based Graphics Processing Units (GPUs) and consider potential joint projects for designing, developing, and deploying AI cloud infrastructure in the region. The MoU was signed on 23 July 2025 and will remain in effect for 12 months unless extended by mutual agreement or terminated with 30 days’ notice by either party.

Although the MoU is non-binding (except for clauses relating to expenses, indemnity, governing law, and dispute resolution), the companies have acknowledged that a commercial transaction may follow. The anticipated value of the proposed transaction is approximately AUD 600,000 and would be executed over 12 months via a series of purchase orders placed by I Synergy Group. The final terms including delivery schedules, hardware and software specifications, payment structures, and licensing requirements will be negotiated and formalised in a definitive agreement. This agreement remains subject to due diligence, corporate approvals, regulatory clearances, and commercial negotiations.

The MoU serves as a framework for discussions between IS3 and TGL and signals mutual interest in advancing AI-related infrastructure capabilities within Malaysia. While the MoU does not create any binding financial obligations, it is intended to provide a foundation for formalising a potential working relationship in the coming months.

According to the announcement, both parties aim to finalise a definitive agreement within a three-month timeframe. I Synergy Group has committed to updating the market as further developments occur, including upon the execution of any binding agreement. I Synergy Group Limited  is an Australian-listed company focused on performance-based marketing, digital technology, and related services, with operations primarily in Southeast Asia. 

IS3 shares were trading 41.67% higher at AUD 0.017 per share as on 24 July 2025.