Verde Resources, Inc. announced that effective from February 20, 2016, Wu Ming Ding resigned all of his positions as President and Director of the company, Balakrishnan B S Muthu was appointed President of the company and Chen Ching was appointed Director of the company. Balakrishnan B S Muthu shall remain as Treasurer, Chief Financial Officer, General Manager and Director of the Company. Liang Wai Keen shall remain as Secretary of the Company.

Mr. Chen is a serial entrepreneur with many successes through his investment holding company C&K Holdings Pte Ltd, with which he currently serves as the Managing Director.