---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-24-000972"
form_type: "8-K"
ticker: "VRDR"
cik: "0001506929"
company_name: "VERDE RESOURCES, INC."
filed_at: "2024-06-20T23:59:59+00:00"
generated_at: "2026-06-01T03:22:05.375905+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Verde Resources Chairman Joesph Ambrose Lee resigns; CFO Muthu appointed Chairman

## Summary
- Joesph Ambrose Lee resigned as Director and Chairman effective June 18, 2024; no disagreements with company.
- Balakrishnan B S Muthu, current Director and CFO, appointed Chairman of the Board.
- Muthu will continue to serve as CFO while assuming the Chairman role.

## SEC filing metadata
- accession: 0001640334-24-000972
- form_type: 8-K
- ticker: VRDR
- cik: 0001506929
- company_name: VERDE RESOURCES, INC.
- filed_at: 2024-06-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506929/000164033424000972/0001640334-24-000972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506929/000164033424000972/vrdr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-24-000972
- JSON: https://secwatch.observer/filing/0001640334-24-000972.json
- Plain text: https://secwatch.observer/filing/0001640334-24-000972.txt

## Key facts
- Executive change
  Balakrishnan B S Muthu was appointed as Chairman of the Board at VERDE RESOURCES, INC..
  - Action: appointed
  - Role: Chairman of the Board
  source text: Effective June 18, 2024, by resolution of the Board of the Company, Balakrishnan B S Muthu, Director and Chief Financial Officer of the Company, was appointed Chairman of the Board to replace Joesph Ambrose Lee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506929/000164033424000972/0001640334-24-000972-index.htm
- Executive change
  Joesph Ambrose Lee resigned as Director and Chairman at VERDE RESOURCES, INC..
  - Action: resigned
  - Role: Director and Chairman
  source text: Effective June 18, 2024, Joesph Ambrose Lee tendered his resignation as Director and Chairman of the Board of Directors (the “Board”) and member of the Management Committee of Verde Resources, Inc (the “Company”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506929/000164033424000972/0001640334-24-000972-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.