STOCK TITAN

VS MEDIA (VSME) installs new CEO and independent directors amid board changes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

VS MEDIA Holdings Limited reports significant leadership and board changes. As previously announced, Chief Executive Officer and Chairperson Nga Fan Wong brought forward her resignation date to March 5, 2026 and will remain a director until June 30, 2026 to oversee the CEO transition.

On March 5, 2026, former independent director Eng Yong Julius Toh resigned from all board and committee roles and was simultaneously redesignated as the Company’s Chief Executive Officer and Director. Independent directors Rose Ellen Steinberg and Yuet Wang Mok (Chief Financial Officer) also resigned, with Mr. Mok’s resignation effective no later than June 3, 2026. The Company states these resignations were not due to disagreements over operations, policies, or practices.

To fill vacant independent seats, the Board appointed Jia Long Fong and Hai Wai Mimi Vong, who will chair key committees and have been determined to be independent under Nasdaq and U.S. securities rules. The Company also changed its principal executive office to 3 International Business Park, Nordic European Centre, Singapore 609927.

Positive

  • None.

Negative

  • Concentrated and rapid leadership changes: CEO, CFO and two independent director resignations, combined with the redesignation of an independent director to CEO, may raise concerns about management stability and board continuity despite stated absence of disagreements.

Insights

VS MEDIA discloses rapid leadership turnover with new CEO, CFO transition and refreshed board committees.

The company is undergoing a major leadership reshuffle. Long‑standing CEO and chair Nga Fan Wong accelerated her resignation to March 5, 2026, while remaining on the board until June 30, 2026. On the same day, former independent director Eng Yong Julius Toh became both Chief Executive Officer and a director.

This redesignation, plus the resignations of independent director Rose Ellen Steinberg and Chief Financial Officer Yuet Wang Mok (effective by June 3, 2026), means multiple senior roles are changing in a short period. The company notes Steinberg’s and Mok’s resignations were not due to disagreements about operations, policies, or practices.

The Board appointed new independent directors Jia Long Fong and Hai Wai Mimi Vong, who now populate the audit, compensation, and nominating and corporate governance committees. Their independence under Nasdaq and U.S. securities rules supports ongoing listing and oversight structures, but the overall governance and execution impact will depend on how this new leadership team performs over upcoming reporting periods.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2026.

 

Commission File Number 001-41817

 

VS MEDIA HOLDINGS LIMITED

(Translation of registrant’s name into English)

 

Ms. Nga Fan Wong, Chief Executive Officer

3 International Business Park #03-29

Nordic European Centre

Singapore 609927

Telephone: +65 6518 4887

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

 

As previously announced, on December 8, 2025, Ms. Nga Fan Wong (“Ms. Wong”) resigned as our Chief Executive Officer, Director and Chairperson of the Board of Directors (the “Board”) of VS MEDIA Holdings Limited (the “Company” or “VS MEDIA”), effective from March 8, 2026. On March 5, 2026, the Company and Ms. Wong mutually agreed to amend the effective date for the Chief Executive Officer and Chairperson of the Board of Directors resignations to March 5, 2026 and Ms. Wong will stay on as a Director until June 30, 2026 to oversees the transition of the Chief Executive Officer role. On the same day, Mr. Eng Yong Julius Toh (“Mr. Toh”) resigned as our independent director of the Board, the chairperson of the nominating and corporate governance committee, an audit committee member and a compensation committee member of the Company, effective immediately. Mr. Toh will serve as the Chief Executive Officer and a Director of the Company following his resignation effective on the same day (the “Redesignation”).

 

On March 4, 2026  , Ms. Rose Ellen Steinberg (“Ms. Steinberg”) resigned as our independent director of the Board, a member of the audit committee and a member of the nominating and corporate governance committee and the chairperson of the compensation committee of the Company, effective immediately. On the same day, Mr. Yuet Wang Mok  (“Mr. Mok”) resigned as our chief financial officer, effective from the earlier of June 3, 2026 or from the date on which his successor is duly appointed by the Company. The resignations by Ms. Steinberg and Mr. Mok were not the result of any disagreement with the Company regarding its operations, policies, or practices.

 

On the same day, the Board appointed Mr. Jia Long FONG (“Mr. Fong”) and Ms. Hai Wai Mimi   VONG (“Ms. Vong”). and to fill in the vacancy on the Board, resulting from Ms. Steinberg’s and Mr. Toh’s resignations as independent director, effective immediately. Mr. Fong will serve as the chairperson of compensation committee, a nominating and corporate governance committee member and an audit committee member of the Company. Ms. Vong will serve as the chairperson of the nominating and corporate governance committee, an audit committee member and a compensation committee member of the Company.

 

The Board has determined that Mr. Fong and Ms. Vong satisfy the definition of “independent director” in accordance with Rule 5605(a)(2) of the Marketplace Rules of The Nasdaq Stock Market, Inc. and Section 10(A)(m)(3) of the Securities Exchange Act of 1934, as amended.

 

Our audit committee currently consists of Jia Long FONG, Kaidi TANG and Hai Wai Mimi VONG, and is chaired by Kaidi TANG. Our compensation committee consists of Jia Long FONG, Kaidi TANG and Hai Wai Mimi VONG, and is chaired by Jia Long FONG. Our nominations and corporate governance committee consists of Jia Long FONG, Kaidi TANG and Hai Wai Mimi VONG, and is chaired by Hai Wai Mimi VONG.

 

The biographies for Mr. Toh, Mr. Fong and Ms. Vong are set forth below:

 

Eng Yong Julius TOH graduated from the University of Geneva with a Diploma in Entrepreneurship in 2009. He served as our independent director from December 2025 to March 2026. Since September 2024 and January 2023, Mr. Toh has been serving as a director of Alas Group Asia Pacific Pte. Ltd and Lzmy Pte. Ltd, respectively. From April 2019 to December 2022, Mr. Toh served as the Vice President in Sales – Distribution & Networks, of Southeast Asia of Sony Pictures Television. From September 2015 to April 2019, Mr. Toh served as the Vice President in Content Sales, of Asia of Fox Networks Group. From August 2010 to September 2015, Mr. Toh served as the general manager of business development of Stellar Entertainment. He has over 15 years’ experience in media and content industries.

 

Jia Long FONG graduated from Kings International School (Hong Kong) with a Diploma in Business Management in 2002. Mr. Fong has served as our independent director since February 28, 2026. From January 2013 to September 2025,   Mr. Fong served as a food operations manager of Joy Drink & Snacks. From January 2012 to January 2013, Mr. Fong served as the project coordinator – interior design & fit-outs of Benpak Waterwise Pte Ltd. He has over 13 years’ experience in operational and management functions and is appointed as Chairperson of our Compensation Committee.  

 

Hai Wai Mimi VONG graduated from the University of California, Berkeley, with a bachelor’s degree in Political Economy of Industrial Societies and Economics in June 1998. Ms. Vong has served as our independent director since March 4, 2026. Since March 2019, Ms. Vong has been serving as the founder   and a director of Pontier Service Limited. Since May 2023, Ms. Vong has been serving as the co-lead organizer of Techstars Startup Weekend   Vancouver   and a board member of Vancouver Bach Choir. Since August 2023, Ms. Vong has been serving as the co-founder and the chief executive officer of Metafyed   Company Limited, a web3 fintech platform focused on tokenization infrastructure and private credit for real-world assets. Since April 2022, Ms. Vong has been serving as the chief marketing officer of NASDEX Company Limited, a digital asset exchange platform, where she led global branding and ecosystem development. She has over 25 years of experience across media, technology, and digital finance, and she is appointed as Chairperson of our Nominating and Corporate Governance Committee.

 

Mr. Toh has entered into an employment agreement with the Company, which is filed herewith as Exhibit 10.1, should be reviewed in its entirety for additional information.

 

Mr. Toh, Mr. Fong and Ms. Vong have no family relationships with any of the executive officers or directors of the Company. Save except for the employment agreement as stated above, there is no other agreement between the Company and Mr. Toh, nor are there any arrangements or plans in which the Company will provide compensation, bonus, pension, retirement, or similar benefits to Mr. Toh. There have been no transactions to which the Company was or is to be a party, in which Mr. Toh had, or will have, a direct or indirect material interest.

 

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text actual Agreement, which are attached as Exhibits 10.1 to this Current Report and incorporated herein by reference.

 

Other Information

 

Change of Principal Executive Office

 

On March 5, 2026, the Company changed its principal executive office to 3 International Business Park #03-29, Nordic European Centre, Singapore 609927.

 

EXHIBIT INDEX

 

Exhibit No.   Description
10.1   Employment Agreement between the Registrant and Eng Yong Julius TOH.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: March 6, 2026 VS MEDIA HOLDINGS LIMITED
     
  By: /s/ Eng Yong Julius Toh
  Name: Eng Yong Julius Toh
  Title: Chief Executive Officer

 

 

 

FAQ

What leadership changes did VS MEDIA (VSME) announce in this Form 6-K?

VS MEDIA announced that CEO and Chairperson Nga Fan Wong advanced her resignation to March 5, 2026, and former independent director Eng Yong Julius Toh became Chief Executive Officer and a director the same day, marking a significant change in top leadership roles.

When will Nga Fan Wong fully step down from VS MEDIA (VSME)?

Nga Fan Wong resigned as Chief Executive Officer and Chairperson effective March 5, 2026, but will remain on VS MEDIA’s board as a director until June 30, 2026 to help oversee the transition of the Chief Executive Officer role.

What happened to VS MEDIA (VSME)’s Chief Financial Officer in this filing?

Chief Financial Officer Yuet Wang Mok resigned, with his resignation effective from the earlier of June 3, 2026 or the date a successor is duly appointed. The company states his resignation was not due to any disagreement over operations, policies, or practices.

Who are the new independent directors appointed by VS MEDIA (VSME)?

VS MEDIA appointed Jia Long Fong and Hai Wai Mimi Vong as independent directors. They now serve on the audit, compensation, and nominating and corporate governance committees, with Fong chairing compensation and Vong chairing nominating and corporate governance, and are deemed independent under Nasdaq and U.S. securities rules.

Did VS MEDIA (VSME) explain why its directors and CFO resigned?

The company disclosed that the resignations of independent director Rose Ellen Steinberg and Chief Financial Officer Yuet Wang Mok were not the result of any disagreement with VS MEDIA regarding its operations, policies, or practices, without providing additional detailed reasons in this report.

Where is VS MEDIA (VSME)’s new principal executive office located?

VS MEDIA changed its principal executive office to 3 International Business Park #03-29, Nordic European Centre, Singapore 609927, consolidating the company’s main executive address at that Singapore location as of March 5, 2026.

Filing Exhibits & Attachments

6 documents
VS MEDIA Holdings

NASDAQ:VSME

View VSME Stock Overview

VSME Rankings

VSME Latest News

VSME Latest SEC Filings

VSME Stock Data

3.25M
2.70M
Advertising Agencies
Communication Services
Link
Hong Kong
Kwun Tong