V2Y Corporation Faces Boardroom Shakeup: Director Exit, Whistleblower Probe, and S\$506k Dispute Could Impact Shareholder Value

Key Highlights

• Non-Independent Non-Executive Director Mr. Felix Ang has ceased his role at V2Y Corporation Ltd.
• Ongoing whistleblowing investigation involving Mr. Ang and the company’s Audit Committee.
• Dispute over S\$505,909.51 allegedly owed by the company to Mr. Ang.
• Entire Audit Committee involved in the probe has resigned.
• Company seeking legal advice and further documentation; more updates promised.
• Mr. Ang pledges cooperation with the investigation.

Detailed Report for Investors

V2Y Corporation Ltd, a Singapore-listed company, has provided a significant update regarding the recent cessation of its Non-Independent Non-Executive Director, Mr. Felix Ang. This comes in the wake of an earlier whistleblowing complaint against Mr. Ang, which has triggered a chain reaction within the company’s governance structure.

Director Cessation and Whistleblowing Investigation

The Board of Directors announced that, following the whistleblowing complaint, Mr. Ang’s exit interview was conducted by the company’s sponsor on October 16, 2025. Crucially, Mr. Ang has brought to light a substantial amount—S\$505,909.51—which he claims is owed to him by the company. The Board is actively looking into this financial obligation and has stated it will update shareholders accordingly. Any resolution or dispute regarding this sum could have direct implications on the company’s financials and, by extension, its share price.

Audit Committee Resignations Raise Governance Concerns

In a further twist, all members of the Audit Committee, who were responsible for investigating the whistleblower complaint against Mr. Ang, have since resigned. The mass resignation of a key board committee is highly unusual and may raise red flags regarding internal controls, governance standards, and the thoroughness of the ongoing investigation. The Board is currently seeking legal advice and is in the process of retrieving all relevant documents and reports relating to the complaint and the investigation’s findings. This creates a period of uncertainty that investors should closely monitor.

Mr. Ang’s Cooperation and Board’s Assurance

Despite these events, Mr. Ang has agreed to cooperate fully with the company as it completes its investigation. The Board has also assured that, aside from what has already been disclosed, there are no unresolved differences of opinion on material matters between Mr. Ang and the Board that would impact the group or its financial reporting. However, the ongoing investigation and potential liabilities remain sources of risk.

Potential Share Price Impact

• Financial Risk: The claim for S\$505,909.51, if validated, represents a significant outflow for the company and could affect its cash position and profitability.
• Governance Risk: The resignation of the entire Audit Committee in the midst of a whistleblowing probe is a material event that could shake investor confidence in V2Y’s governance and oversight mechanisms.
• Regulatory and Reputational Risk: Ongoing investigations, especially with the involvement of legal counsel and auditors, could lead to further disclosures that might impact the company’s valuation and market perception.

Shareholder Advisory

Shareholders should remain vigilant and look out for further updates from the Board. The outcome of the investigation and the resolution of Mr. Ang’s financial claim are both potentially price-sensitive events. Investors are advised to monitor developments closely, as these issues could have a direct bearing on future share price performance and the company’s standing with regulators and the market at large.

Disclaimer: This article is published for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisors before making any investment decisions. The author and publisher are not liable for any losses incurred based on the information presented above.

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