UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01. Other Events
As previously disclosed, commencing in the third quarter of fiscal year 2025, the Company’s Board of Directors authorized the evaluation of a potential expansion into Contract Development and Manufacturing (“CDMO”) activities within its Chemrex Corporation Sdn. Bhd. (“Chemrex”) subsidiary. This evaluation formed part of a broader business rationalization initiative in light of challenges identified in Chemrex’s legacy operations, its business outlook, and the Company’s strategic objective of transitioning toward biotechnology-focused development activities.
The Company has also previously disclosed that it initiated a governance review of Chemrex, which includes an assessment of historical governance, compliance, and operational matters. This review remains ongoing and is being conducted as part of the Company’s efforts to enhance oversight, internal controls, and governance practices within the Chemrex subsidiary.
In connection with this governance review and the regularisation of Chemrex’s board and management structure, the Company appointed additional directors to the board of Chemrex to oversee these efforts. The reconstituted board of directors of Chemrex appointed Mr. Matthew L. Barsing to serve as a director and as Chairman of the Board of Chemrex. Mr. Barsing has prior experience in public-sector and private-sector leadership roles, including service with the Malaysian Digital Economy Corporation and executive leadership roles within technology-focused enterprises.
On December 19, 2025, the Company received notices of resignation from the following officers and directors of Chemrex:
Mr. Too Kam Tham
Mr. Liong Tai Tan
Mr. Wei Foong Lim
Mr. Kuan Yew Tan @ Hing Kuan Yew
These individuals did not serve as executive officers of the Company.
At this time, the Company continues to evaluate the impact of these resignations in the context of the ongoing governance review and, where appropriate, to assess any potential courses of action available to the Company or its subsidiaries. No conclusions have been reached, and any such assessments remain subject to further review.
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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 hereunto duly authorized.
BioNexus Gene Lab Corp.
| /s/ Su-Leng Tan Lee |
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By: | Su-Leng Tan Lee |
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| Chief Executive Officer |
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Date: | December 23, 2025 |
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