Verde Resources, Inc.: replaces auditor effective Oct 6, 2026

What happened

• The company reported that on Oct 6, 2026 the board of directors approved the dismissal of J&S Associate PLT as its independent registered public accounting firm and approved the appointment of MBP Global LLP as its independent registered public accounting firm, both effective immediately.
• The filing states J&S’s audit reports for the fiscal years ended Jun 30, 2026 and Jun 30, 2025 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified except that J&S included a critical audit matter regarding the Impairment Assessment of Intellectual Properties.

Key details

• Dismissal and appointment approved Oct 6, 2026; J&S letter dated Oct 9, 2026 is filed as Exhibit 16.1.
• J&S reported no disagreements or reportable events with the company during the fiscal years ended Jun 30, 2026 and Jun 30, 2025 and through Oct 6, 2026, except for material weaknesses in internal control over financial reporting disclosed in the company’s Annual Reports on Form 10-K for the periods ended Jun 30, 2026 and Jun 30, 2025.
• The disclosed material weaknesses include: (i) insufficient segregation of duties, (ii) insufficiently formalized policies, procedures and documentation, (iii) lack of a formalized regulatory reporting process and oversight, (iv) lack of an internal audit function, and (v) lack of an audit committee of the board of directors.
• The company did not consult with MBP Global prior to engagement about accounting principles or audit opinions, and MBP Global did not provide advice that was an important factor in the company’s decision.

Why it may matter

• Item reported: Item 4.01 (changes in registrant’s certifying accountant), which covers the dismissal and appointment of the company’s independent registered public accounting firm; Item 9.01 lists related exhibits.
• A filing does not show why the insider traded or why the company acted.