Blog: VERDE RESOURCES, INC. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) – Marketscreener.com

Item 5.02 DEPARTURE OF DIRECTOR

Effective October 1, 2022, Balakrishnan B S Muthu will resign his position as
President of Verde Resources, Inc. (“Verde” or the “Company”) and Jack Wong will
be appointed President and CEO of the Company.

Balakrishnan B S Muthu shall remain as Treasurer, Chief Financial Officer,
General Manager and Director of Verde and Liang Wai Keen shall remain as
Secretary of the Company.

There have been no disagreements between the Company and Mr. Muthu known to an
executive officer of the Company on any matter relating to Verde’s ‘operations,
policies or practices. Mr. Muthu 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 Verde with a letter addressed to the Company
stating whether he agrees or disagrees with the statements made herein. Any
letter received by the Company from Mr. Muthu will be filed as an exhibit to
this form 8-K by way of amendment within 3 business days of receipt.




Verde believes that the education, business and operational experience of Mr.
Wong give him qualification and skills necessary to serve as officer of the
Company.



Mr. Jack Wong (39)



2004 - 2007          Graduated with BA in Business Administration, Wichita
                     State University

2009 - 2013          Sub licensee of Fun Characters International Pte.Ltd

2014 - 2020          Managing Director, Scuba Tiger Resort & Tours Sdn Bhd

2020 - Present       Chief Executive Officer, The Wision Project Sdn Bhd




Mr. Wong has been serving as the CEO of The Wision Project Sdn Bhd, a subsidiary
which was acquired by the Company in March 2022 is division has been
instrumental in the Company’s transition to the carbon and CBD realm. Mr. Wong
also previously worked with Fun Characters International Pte Ltd, which was then
the master licensee for Disney Consumer Products, Inc. in the ASEAN countries of
Singapore, Malaysia, Indonesia, and Thailand. The company Mr. Wong represented
then was granted third party rights to reproduce and use certain Disney
characters, Disney materials, and Disney trademarks in connection with
manufacturing, distribution, and sale of Disney consumer products in the region.
He then went on to build and run a seaside dive resort – Scuba Tiger, which is
located 45 minutes away from one of the worlds best dive spots – Sipadan island,
in Sabah, Borneo, where he hosted scuba divers from all over the world, until
the pandemic hit Mr. Wong graduated with a bachelor’s degree in Business
Administration from Wichita State University in 2007.

Item 7.01 Regulation FD Disclosure

On September 13, 2022, the Company issued a Press Release announcing the
resignation of Mr. Balakrishnan Muthu as its President and the appointment of
Mr. Jack Wong as its new President and CEO, effective October 1, 2022. The Press
Release is attached as an Exhibit to this filing.

Item 9.01 Financial Statements and Exhibits



Exhibits.



  99.1       Press Release of Verde Resources, Inc. dated September 13, 2022





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