VERDE RESOURCES, INC.

Verde Resources, Inc. announced a change in its independent registered public accounting firm. The company dismissed J&S Associate PLT and appointed MBP Global LLP. J&S's previous audit reports highlighted critical audit matters concerning the impairment assessment of intellectual properties. The company also disclosed material weaknesses in its internal control over financial reporting for the fiscal years 2025 and 2026.

Verde Resources, Inc.'s subsidiary, Verde Renewables, Inc., entered into a 10-year Master Commercialization and Collaboration Agreement with Ergon Asphalt & Emulsions, Inc. Verde Renewables will act as a preferred supplier of engineered biochar to Ergon and provide carbon credit monetization services for Ergon-Verde Products, starting with a cold mix road paving product. The agreement aims to transition Verde from technology validation to commercial execution, with both parties sharing revenues and royalties. Additionally, Verde Renewables amended its supply agreement with Biochar Solutions LLC, increasing the initial biochar supply to 38,500 US tons annually.

Verde Resources, Inc. (VRDR) has filed an amended 10-K, detailing its business strategy focused on sustainable road construction materials like BioAsphalt™. The company highlights key achievements including the issuance of the world's first carbon removal credit from asphalt production and positive validation results from NCAT. A significant development is the exclusive licensing agreement with Ergon Asphalt & Emulsions for the North American market. Verde has also divested non-core legacy businesses and plans future global expansion, particularly in Southeast Asia.

Verde Resources reported its first commercial revenue of $460,005 in Q3 2026 from sales of its proprietary cold mix biochar asphalt emulsifying agent, Verde V24, to Ergon. This marks a significant increase from $697 in the prior year's quarter and follows the execution of a 10-year exclusive licensing agreement with Ergon for North America. The company also reduced its nine-month net loss to $(2,366,700) and increased cash and cash equivalents to $2,129,576.

Verde Resources, Inc. announced amendments to the employment agreements for its Chief Executive Officer, Jack Wong, and Chief Operating Officer, Eric J. Bava. Both amendments, entered into on May 4, 2026, extend their respective employment terms for an additional five years. As a result, the terms for both executives will now continue in effect until September 30, 2032.