Lin Bao
About Lin Bao
Independent Director at Aimei Health Technology Co., Ltd (AFJK) since November 2023; age 50 as disclosed in the latest proxy. A Canadian citizen residing in the PRC, she is a CPA in the U.S., a Canadian Chartered Professional Accountant, and a Hong Kong CPA. Core credentials include over 15 years in accounting/auditing, current CFO experience, and audit-committee financial expertise designation.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Eagsen, Inc. | Chief Financial Officer | Apr 2020 – Sep 2022 | Corporate finance leadership |
| Shanghai Eagsen Intelligent Co., Ltd. | Chief Financial Officer | Nov 2019 – Mar 2020 | Corporate finance leadership |
| Jufeel International Group | Chief Financial Officer | Feb 2018 – Aug 2019 | Corporate finance leadership |
| Ernst & Young LLP, Toronto | Senior Accountant | Jan 2005 – May 2008 | Assurance; Big 4 training |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Jayud Global Logistics Limited | Chief Financial Officer | Since Oct 2022 | China-based cross-border logistics |
| SunCar Technology Group Inc. | Independent Director | Since May 2023 | Public company director |
| Cetus Capital Acquisition Corp. | Independent Director | Since Feb 2023 | SPAC director |
Board Governance
- Independence: Classified as an independent director; independent directors meet in regular executive sessions.
- Committee assignments:
- Audit Committee: Chair; designated “audit committee financial expert.”
- Compensation Committee: Member (committee chaired by Dr. Julianne Huh).
- Nominating Committee: Member (committee chaired by Robin H. Karlsen).
- Beneficial ownership: 20,000 AFJK ordinary shares (<1%; “*” indicates less than 1%).
- SPAC control dynamics and potential conflicts:
- Initial shareholders (Sponsor, directors/officers) held ~33.6% of AFJK ordinary shares on the record date and agreed to vote in favor of proposals.
- Founder shares and private units held by insiders would expire worthless if no business combination is consummated, creating alignment toward deal completion; Sponsor/insiders expected voting support.
- Administrative services from Sponsor at $10,000 per month; unpaid related-party balance noted ($210,000 as of Sep 30, 2025).
- Post-merger Pubco dual-class structure: founder will hold ~93% voting power, concentrating control; governance exemptions as a “controlled company” anticipated.
- Attendance: No director meeting attendance rates disclosed in the reviewed proxies.
Fixed Compensation
| Component | Amount/Terms | Notes |
|---|---|---|
| Annual cash retainer | Not disclosed | No retainer detail in DEF 14A filings reviewed |
| Meeting fees | Not disclosed | Not disclosed in reviewed filings |
| Committee chair/member fees | Not disclosed | Not disclosed in reviewed filings |
| Equity grants (RSUs/DSUs) | Not disclosed | No director equity detail; post-merger director compensation “not yet made” |
Performance Compensation
| Element | Metrics | Terms/Status |
|---|---|---|
| Short-term or long-term performance awards | Not disclosed | No disclosure of director performance-linked awards |
| Clawback policy | Adopted Nov 30, 2023 | Nasdaq Rule 10D-1-compliant compensation recovery policy |
Other Directorships & Interlocks
| Company | Role | Interlocks/Notes |
|---|---|---|
| SunCar Technology Group Inc. | Independent Director | No disclosed compensation interlocks in the past year for AFJK committees |
| Cetus Capital Acquisition Corp. | Independent Director | No disclosed compensation interlocks in the past year for AFJK committees |
Expertise & Qualifications
- Degrees: B.A. in Accountancy (Concordia University, 2004); B.A. in Japanese (Beijing Second Foreign Language Institute, 1994).
- Professional credentials: U.S. CPA; Canadian CPA; Hong Kong CPA.
- Technical expertise: Accounting/audit, corporate finance; designated audit committee financial expert.
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Lin Bao | 20,000 | <1% (“*”) | As of record tables in DEF 14A |
| Pledging/Hedging | Not disclosed | — | No pledging/hedging disclosure located in reviewed proxies |
| Ownership guidelines | Not disclosed | — | No director stock ownership guideline disclosure in reviewed proxies |
Governance Assessment
- Strengths
- Audit Committee leadership and financial expertise designation, enhancing financial reporting oversight.
- Multi-jurisdiction CPA credentials and >15 years finance/audit experience; current CFO of a public logistics firm.
- Broad committee participation (audit chair; member of compensation and nominating).
- Potential Risks/Red Flags
- SPAC sponsor/insider economics: founder/private units expire if no deal; insiders held ~33.6% and indicated support—conflict risk typical of SPACs.
- Related-party service fees with unpaid balance, suggesting continuing sponsor dependence.
- Post-merger Pubco dual-class control (~93% voting power) and “controlled company” status may reduce minority shareholder protections; committee independence may be limited by exemptions.
- Lack of disclosure on director-specific compensation amounts and attendance reduces transparency for assessing pay-for-performance and engagement.
Implications: Bao’s audit chair role and credentials support strong oversight of reporting/audits. However, SPAC-specific conflicts, related-party arrangements, and future controlled company governance warrant heightened investor diligence on committee independence and transparency post-transaction.