Verde Resources, Inc. announced that effective January 23, 2024, Jack Wong, CEO and Director of the company, stepped down from his position as Chairman of the Board of Directors of the Company. 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 year term, and Tay Hong Choon was appointed Special Advisor to the Board for a one (1) year term. Mr. Lee is presently serving as the Managing Director of Borneo Oil Berhad.

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 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.