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Posted 18 September, 2023

VERDE RESOURCES, INC. appointed new CEO

CEO Change detected for ticker OTC:VRDR in a 8-K filed on 18 September, 2023.


  Effective September 12, 2023, by resolution of the Board of Directors (the "Board") of the Company, Jack Wong, CEO and Director of the Company, was appointed Chairman of the Board.  

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Overview of VERDE RESOURCES, INC.
Basic Materials/Resources • Gold
Verde Resources, Inc. is an exploration company, which engages in the acquisition, exploration, and development of mining properties. It operates through the following business segment: Gold Mineral Mining, Distribution of THC-Free Cannabinoid (CBD) Products, Production and Distribution of Renewable Commodities, and Holding Property. The company was founded on April 22, 2010 and is headquartered in St. Louis, MO.
Market Cap
$155M
View Company Details
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Effective September 12, 2023, Jack Wong, stepped down from his position as the President of Verde Resources, Inc (the "Company").


There have been no disagreements between the Company and Mr. Wong known to an executive officer of the Company on any matter relating to the Company's operations, policies or practices. Mr. Wong was provided a copy of the disclosures made herein no later than the date of filing on this Form 8-K and has been provided with the opportunity to furnish the Company with a letter addressed to the Company stating whether or not he agrees with the statements made herein. Any letter received by the Company from Mr. Wong will be filed as an exhibit to this form 8-K by way of amendment within 3 business days of receipt. 


Effective September 12, 2023, by resolution of the Board of Directors (the "Board") of the Company, Jack Wong, CEO and Director of the Company, was appointed Chairman of the Board. 


The Company believes that the education, business and operational experience of Jack Wong give him the qualifications and skills necessary to serve as Chairman of the Board.


Mr. Jack Wong (40)


2014 - 2020

Managing Director, Scuba Tiger Resort & Tours Sdn Bhd


2020 - 2022

Chief Executive Officer, The Wision Project Sdn Bhd


October 2022 - Present 

Chief Executive Officer of Verde Resources, Inc.


March 2023 - Present 

Director of Verde Resources, Inc.


Mr. Wong was appointed President and CEO of the Company in October 2022, and was subsequently appointed as a member of the Board of Directors in March 2023. Prior to that, Mr. Wong served as the CEO of The Wision Project Sdn Bhd, a subsidiary which was acquired by the Company in March 2022. Mr. Wong also previously built and ran a seaside dive resort - Scuba Tiger, which is located 45 minutes away from one of the world's best dive spots - Sipadan island, in Sabah, Borneo, where he hosted scuba divers from all over the world, until the pandemic hit in 2020.


On September 12, 2023, the Company issued a press release announcing Jack Wong's appointment as Chairman of the Board. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.