{"url_path":"/sec/vrdr/10-k/2026/item-12","section_key":"item-12","section_title":"Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.**","topic":"sec","document":{"doc_type":"10-K/A","doc_date":"2026-06-03","source_url":"https://www.sec.gov/Archives/edgar/data/1506929/0001493152-26-027105-index.html","accession_number":"0001493152-26-027105","cik":"0001506929","ticker":"VRDR","issuer_name":"VERDE RESOURCES, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1506929/0001493152-26-027105-index.html","primary_entity_key":"0001506929","primary_entity_name":"VERDE RESOURCES, INC."},"word_count":754,"has_tables":true,"body_markdown":"**ITEM\n12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.**\n\n \n\nAs\nof October 20, 2025, we had 1,269,280,891 shares of Common Stock issued and outstanding. Holders of Common Stock are entitled to one\nvote per share. The following table sets forth information with respect to the beneficial ownership of our Common Stock as of October\n20, 2025:\n\n \n\n \n●\neach\nperson, or group of affiliated persons, who is the beneficial owner of more than 5% of the outstanding Common Stock of the Company;\n\n \n \n \n\n \n●\neach\nexecutive officer and director of the Company; and\n\n \n \n \n\n \n●\nall\nof the Company’s executive officers and directors as a group.\n\n \n\nBeneficial\nownership is determined according to the rules of the SEC and generally means that a person has beneficial ownership of a security if\nhe, she or it possesses sole or shared voting or investment power of that security, including securities that are exercisable or convertible,\nas the case may be, within 60 days of October 20, 2025. Shares of Common Stock issuable pursuant to such securities are deemed outstanding\nfor computing the percentage of the person holding such securities and the percentage of any group of which the person is a member but\nare not deemed outstanding for computing the percentage of any other person. Except as indicated by the footnotes below, the combined\nCompany believes, based on the information furnished to it, that the persons named in the table below have sole voting and investment\npower with respect to all shares of Common Stock shown that they beneficially own, subject to community property laws where applicable.\nThe information does not necessarily indicate beneficial ownership for any other purpose, including for purposes of Section 13(d) and\n13(g) of the Securities Act.\n\n \n\n  \nShares Beneficially Owned \n\nName and Address of Beneficial Owner (1) \nNumber  \nPercentage \n\nDirectors and officers \n   \n  \n\nJack Wong (2) \n 221,108,334  \n 17.42%\n\nSherina Chui \n -  \n - \n\nEric Bava (3) \n 115,612,717  \n 9.11%\n\nJeremy P. Concannon (4) \n 3,845,011  \n * \n\nKarl Strahl (5) \n 350,000  \n * \n\nRaymond Lee Powell(6) \n 2,000,000  \n * \n\nAll directors and officers as a group (5 persons named above) \n 342,916,062  \n 27.02%\n\n5% or greater shareholders \n    \n   \n\nBW Capital Ventures LLC (7) \n 330,813,912  \n 26.06%\n\nTaipan International Limited (8) \n 100,900,000  \n 7.95%\n\nBorneo Oil Berhad (9) \n 168,775,944  \n 13.30%\n\n \n\n*\nLess than 1%.\n\n \n\n \n\n(1)\nApplicable\npercentage ownership is based on 1,269,280,891 shares of Common Stock outstanding as of October 20, 2025. Beneficial ownership is\ndetermined in accordance with the rules of the Securities and Exchange Commission and generally includes voting or investment power\nwith respect to securities. Unless otherwise stated, the address of each noted person is 8112 Maryland Avenue, Suite 400, St. Louis,\nMissouri, 63105.\n\n \n \n\n(2)\nJack\nWong, our Chief Executive Officer and director, directly owns 5,237,139 shares of our Common Stock. Mr. Wong additionally has shared\nvoting and dispositive power over the shares of our Common Stock owned by BW Capital Ventures LLC, an entity in which he owns a 65.25%\nequity interest. Mr. Wong disclaims beneficial ownership of the shares of our Common Stock owned by BW Capital Ventures LLC, other\nthan to the extent he holds a pecuniary interest therein.\n\n \n \n\n(3)\nEric\nBava, our Chief Operating Officer and director, directly owns 670,000 shares of our Common Stock. Mr. Bava additionally has shared\nvoting and dispositive power over the shares of our Common Stock owned by BW Capital Ventures LLC, an entity in which he owns a 34.75%\nequity interest. Mr. Bava disclaims beneficial ownership of the shares of our Common Stock owned by BW Capital Ventures LLC, other\nthan to the extent he holds a pecuniary interest therein.\n\n \n \n\n(4)\nJeremy\nP. Concannon, our Chief Growth Officer, directly owns 3,845,011 shares of our Common Stock.\n\n \n \n\n(5)\nKarl\nStrahl, our director, directly owns 350,000 shares of our Common Stock.\n\n \n \n\n(6)\nDr.\nRaymond Lee Powell, our director, directly owns 2,000,000 shares of our Common Stock.\n\n \n \n\n(7)\nBW\nCapital Ventures LLC, an entity owned 65.25% by Mr. Wong and 34.75% by Mr. Bava, directly owns 330,813,912 shares of our Common Stock.\n\n \n \n\n(8)\nTaipan\nInternational Limited directly owns 100,900,000 shares of our Common Stock. Its address is Level 1, Lot 7, Block F, Sauking Commercial\nBuilding, Jalan Patau-Patau Labuan F.T. 87000, Malaysia. The control person of Taipan International Limited is Khoo Yong Ai.\n\n \n \n\n(9)\nBorneo\nOil Berhad directly owns 168,775,944 shares of our Common Stock. Its address is 1st & 2nd Floor, Victoria Point Jalan Okk Awang\nBesar W.P. Labuan 87007, Malaysia. The control person of Borneo Oil Berhad is Joseph Lee Yok Min.\n\n \n\n**Securities\nAuthorized for Issuance Under Equity Compensation Plans**\n\n \n\nNone.\n\n \n\n55\n\n[Table of Contents](#toc_001)"}