Mass Board Resignations Deepen Crisis at Embattled Zetrix AI

KUALA LUMPUR – Embattled tech company Zetrix AI Bhd (formerly MY E.G. Services Bhd) is facing severe governance turbulence after all three audit committee members and the majority of its board resigned within a single month, citing personal commitments.

Board Resignations

Datuk Othman Semail and Mohaini Mohd Yusof stepped down as independent directors and audit committee members on Thursday, following the departure of committee chairman Wong Kok Chau earlier in the week. The sudden wave of exits leaves four of the company’s seven board seats vacant. Only three directors remain: Group Managing Director Wong Thean Soon (TS Wong), Datuk Mohd Jimmy Wong Bin Abdullah, and Datuk Dr Norraesah Mohamad.

The board exodus comes amid a sharp sell-off in the company’s stock. On Friday, Zetrix AI shares dropped 18.75% to 6.5 sen, cutting its market valuation to RM525.1 million and marking a drop of over 90% over the last six months.

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