Effective June 18, 2024, Joesph Ambrose Lee tendered his resignation as Director and Chairman of the Board of Directors and member of the Management Committee of Verde Resources, Inc. 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.