VS MEDIA (VSME) names new executive chair, audit chair and CFO
Rhea-AI Filing Summary
VS MEDIA Holdings Limited appointed three new leaders effective July 13, 2026: Chen Shulan as Executive Chairman and Director, Lim Hui Leng as independent Director and Chairman of the Audit Committee, and Yuen Jia Feng Leonard as Chief Financial Officer. Chen will receive US$300,000 in annual base compensation under a one-year Executive Chairman Appointment Agreement. Lim will receive an annual director’s fee of US$20,000 under a one-year Independent Director Appointment Agreement. Yuen’s offer letter provides a monthly base salary of SGD 10,500 and a three‑month notice period, with the company permitted to make payment in lieu of notice where allowed by law.
The board determined that Lim meets SEC and Nasdaq independence requirements and qualifies as an audit committee financial expert. The company also records the earlier resignations of former Chairperson Nga Fan Wong, former CFO Yuet Wang Mok, and Director Tang Kaidi, stating that their departures were not due to any disagreement regarding operations, policies, or practices.
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Key Figures
Executive Chairman base pay: US$300,000 per year
Independent director fee: US$20,000 per year
CFO monthly salary: SGD 10,500 per month
+5 more
8 metrics
Executive Chairman base pay
US$300,000 per year
Annual base compensation for Executive Chairman Chen Shulan under July 9, 2026 agreement
Independent director fee
US$20,000 per year
Annual director’s fee for independent director Lim Hui Leng under July 7, 2026 agreement
CFO monthly salary
SGD 10,500 per month
Base monthly salary for CFO Yuen Jia Feng Leonard under May 13, 2026 offer letter
Executive Chairman term
1 year
Initial term of Chen Shulan’s Executive Chairman Appointment Agreement, subject to board renewal
Independent director term
1 year
Initial term of Lim Hui Leng’s Independent Director Appointment Agreement, subject to board renewal
CFO notice period
3 months
Notice required by either party to terminate CFO Yuen’s employment; company may pay in lieu
Chairperson resignation date
March 5, 2026
Effective date of Nga Fan Wong’s resignation as Chairperson of the Board
Former CFO resignation date
June 3, 2026
Effective date of Yuet Wang Mok’s resignation as Chief Financial Officer
Key Terms
independent director, audit committee financial expert, foreign private issuer, payment in lieu, +1 more
5 terms
independent director regulatory
"ratified the appointment of Ms. Lim Hui Leng as an independent Director of the Company"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
audit committee financial expert regulatory
"Ms. Lim also qualifies as an “audit committee financial expert” within the meaning"
A person on a company’s board who has deep knowledge of accounting, financial reporting and auditing, able to understand and question the books, controls and audit work like a trained mechanic inspecting an engine. Investors care because that expertise helps spot errors, weaknesses or misleading statements early, improving the likelihood that financial reports are accurate and reducing the risk of surprises that can hurt a company’s value.
foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
payment in lieu financial
"The Company may, to the extent permitted by applicable law, make payment in lieu of all or part"
Regulation S-K regulatory
"There are no transactions ... that would be reportable under Item 404(a) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What leadership changes did VS MEDIA (VSME) announce on July 13, 2026?
VS MEDIA appointed Chen Shulan as Executive Chairman and Director, Lim Hui Leng as independent Director and Audit Committee Chair, and Yuen Jia Feng Leonard as Chief Financial Officer, all effective July 13, 2026, reshaping its board and finance leadership structure.
What is the compensation for VS MEDIA (VSME) Executive Chairman Chen Shulan?
Executive Chairman Chen Shulan will receive an annual base compensation of US$300,000 under a one‑year appointment agreement. The contract can be renewed or extended by the board and does not provide automatic severance, bonuses, or equity acceleration without additional written approval.
How is new independent director Lim Hui Leng compensated at VS MEDIA (VSME)?
Lim Hui Leng will receive an annual director’s fee of US$20,000 under a one‑year Independent Director Appointment Agreement. She serves as an independent director, chairs the Audit Committee, and is designated an audit committee financial expert under applicable SEC rules.
What are the key terms of CFO Yuen Jia Feng Leonard’s employment at VS MEDIA (VSME)?
CFO Yuen Jia Feng Leonard will receive a monthly base salary of SGD 10,500. His employment has no fixed end date, and either party may terminate it with three months’ written notice; the company may make payment in lieu of all or part of that notice period.
Which directors and officers recently resigned from VS MEDIA (VSME)?
Nga Fan Wong resigned as Chairperson on March 5, 2026 and as Director on June 30, 2026. Former CFO Yuet Wang Mok resigned on June 3, 2026, and Director Tang Kaidi resigned, including as Audit Committee Chair, on July 13, 2026, without stated disagreements.