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Posted 29 January, 2024

VERDE RESOURCES, INC. appointed new CEO

CEO Change detected for ticker OTC:VRDR in a 8-K filed on 29 January, 2024.


  Effective January 23, 2024, Jack Wong, CEO and Director of Verde Resources, Inc (the "Company"), stepped down from his position as Chairman of the Board of Directors (the "Board") of the Company.  

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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 January 23, 2024, Jack Wong, CEO and Director of Verde Resources, Inc (the "Company"), stepped down from his position as Chairman of the Board of Directors (the "Board") of 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 January 23, 2024, by resolution of the Board of the Company, Joseph Ambrose Lee was appointed Director and Chairman of the Board for a one (1) year term, and Tay Hong Choon was appointed Special Advisor to the Board for a one (1) year term. 


Mr. Joseph Ambrose Lee (Age 65)


Mr. Lee is presently serving as the Managing Director of Borneo Oil Berhad, a Malaysia-incorporated company listed on the main board of the Kuala Lumpur Stock Exchange (KLSE). His educational background includes a Bachelor of Law (Honours) Degree from Central Lancashire University, United Kingdom, which he earned in 1980. Mr. Lee furthered his legal qualifications by becoming a Barrister at Law at Lincoln's Inn, London, in 1981. He was subsequently called to the Sabah Bar in 1982, where he became an Advocate and Solicitor of the High Court of Sabah and Sarawak.


Mr. Tay Hong Choon (Age 51)


Mr. Tay currently holds the position of Financial Consultant at Borneo Oil Berhad, a Malaysia-incorporated company listed on the main board of the Kuala Lumpur Stock Exchange (KLSE). He is a graduate of the Association of Chartered Certified Accountants (ACCA) and is also a Chartered Accountant of Singapore. He has accumulated more than 10 years of managerial experience in accounting and corporate governance. His career has spanned various listed companies on the Singapore Exchange (SGX), navigating through the complexities of financial management in the corporate sector.


The Company believes that the education, business and operational experience of Joseph Ambrose Lee and Tay Hong Choon give them the qualifications and skills necessary to serve as Director and Chairman of the Board and Special Advisor to the Board respectively.