Zetrix AI loses entire audit committee, most board members resign

Friday 30 Oct 2026

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KUALA LUMPUR (Oct 30): All three audit committee members of Zetrix AI Bhd (KL:ZETRIX) and the majority of its board members resigned within a month, citing personal commitments.

The departure leaves the embattled company with only three directors remaining after four out of seven board members have resigned within a month.

Datuk Othman Semail and Mohaini Mohd Yusof resigned as members of the audit committee effective Thursday.

Othman and Mohaini also resigned as independent directors on the same day, according to filings with the Bursa Malaysia.

This came three days after Wong Kok Chau resigned as chairman of the committee and independent director of the company.

This leaves only three directors — group managing director Wong Thean Soon, better known as TS Wong, and non-independent non-executive director Datuk Mohd Jimmy Wong Bin Abdullah, 64, as well as Datuk Dr Norraesah Mohamad, 78 — to handle the trying times alone.

Wong, 57, joined the board of the company in July 2018 which was then named MY E.G. Services Bhd. He currently serves as the executive director and chief executive officer of Excel Force MSC Bhd (KL:EFORCE).

Othman, 65, joined the company in April 2025. He still serves as an independent non-executive director in JAKS Resources Bhd (KL:JAKS).

Mohaini, 59, joined the board in July 2021. Last month, she resigned from Cuscapi Bhd (KL:CUSCAPI) as an independent non-executive director.

Around the same time, TS Wong sold about 11% stake or 103.6 million shares in Cuscapi, while ceased his substantial shareholder status in the company.

At the time of writing on Friday, Zetrix AI shares were down 1.5 sen or 18.75% at 6.5 sen, valuing the company at RM525.1 million. The counter has fallen over 90% in just six months.

Edited ByIsabelle Francis

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