Xinfeng Feng
About Xinfeng Feng
Xinfeng Feng is the sole director and shareholder of Doreen International Limited, which owns 60% of AlphaTime Acquisition Corp’s sponsor entity; through this role she is a control person for the sponsor’s founder shares and financing decisions . ATMC identifies independent directors as Li Wei, Wen He, and Michael L. Coyne; Ms. Feng is not listed among independent directors in ATMC’s governance disclosures .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Doreen International Limited | Sole director and shareholder | Not disclosed | Controls 60% of ATMC’s sponsor; influence over sponsor-held founder shares and extension financing |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Doreen International Limited | Sole director and shareholder | Not disclosed | Entity beneficially owning 1,035,000 ATMC ordinary shares via sponsor structure |
Board Governance
- Audit Committee: Members are Li Wei (Chair), Wen He, and Michael L. Coyne; all meet NASDAQ and SEC independence standards . Ms. Feng is not listed as an audit committee member .
- Compensation Committee: Members are Li Wei, Wen He (Chair), and Michael L. Coyne; all independent per NASDAQ standards . Ms. Feng is not listed as a compensation committee member .
- Nominating: No standing nominating committee; director nominations handled by a majority of independent directors .
- Independence: ATMC’s board determined Li Wei, Wen He, and Michael L. Coyne are independent; Ms. Feng is affiliated with the sponsor via Doreen International Limited’s 60% ownership, indicating potential non-independence .
- Executive sessions: Independent directors will have regularly scheduled meetings where only independent directors are present .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer | $0 | No cash compensation paid to officers or directors prior to or in connection with initial business combination; only expense reimbursement permitted |
| Committee membership fees | $0 | No director cash compensation pre‑business combination |
| Committee chair fees | $0 | No director cash compensation pre‑business combination |
| Meeting fees | $0 | No director cash compensation pre‑business combination |
| Expense reimbursement | As incurred | Audit committee reviews all payments to founders or affiliates quarterly |
| Clawback policy | Adopted | Company lists a Clawback Policy among exhibits |
Performance Compensation
| Instrument/Metric | Grant Date | Quantity/Value | Vesting | Performance Metrics |
|---|---|---|---|---|
| None disclosed pre‑business combination | N/A | N/A | N/A | N/A |
Other Directorships & Interlocks
| Company/Entity | Relationship | Potential Interlock/Conflict |
|---|---|---|
| Doreen International Limited | Ms. Feng is sole director and shareholder; Doreen owns 60% of ATMC’s sponsor | Sponsor controls founder shares and extension financing; creates related‑party influence over ATMC governance and transaction timeline |
Expertise & Qualifications
- Sponsor governance and financing oversight via Doreen International Limited’s control position over ATMC’s sponsor .
- No additional education or professional biography is disclosed in available filings for Ms. Feng .
Equity Ownership
| Holder/Vehicle | Shares Beneficially Owned | % of Outstanding | Basis/Notes |
|---|---|---|---|
| Doreen International Limited | 1,035,000 | 29.83% | Listed beneficial owner; Ms. Feng is sole director and shareholder of Doreen, which owns 60% of ATMC’s sponsor |
| Alphamade Holding LP (sponsor) | 1,099,200 | 31.87% | Sponsor entity listed as beneficial owner; founder shares structure |
| Founder Shares Outstanding (record date) | 1,725,000 | N/A | Founder shares held by sponsor at 9/3/2025 record date |
Governance Assessment
- RED FLAG – Sponsor Affiliation/Independence: Ms. Feng’s sole control of Doreen International Limited (owning 60% of the sponsor) raises independence concerns and potential conflicts of interest in matters involving founder shares and sponsor financing .
- RED FLAG – Related‑Party Controls: ATMC disclosed a material weakness in internal controls over financial reporting due to insufficient review of related‑party transactions as of 9/30/2025 and intends remediation; this heightens governance risk, particularly given sponsor ties .
- Sponsor Economics Misalignment: Initial founder shares cost ($25,000 total, ~$0.017/share) can create misaligned incentives relative to public shareholders if transaction outcomes favor sponsor economics over long‑term performance .
- Extension Financing Dependence: Sponsor may fund monthly extensions ($55,000 per month), receiving non‑interest‑bearing promissory notes, with no obligation to fund; this structure gives the sponsor leverage over ATMC’s timeline and may influence board decisions; Ms. Feng’s control of Doreen (60% sponsor owner) is a direct linkage .
- Committee Structure Strength: Audit and compensation committees are composed entirely of independent directors and chaired by independent directors, which is a positive in committee oversight .
- Nominating Process: Absence of a standing nominating committee; independent directors handle nominations, which is consistent with NASDAQ allowances but places more informal reliance on existing independent directors .
Net: Ms. Feng’s sponsor control position is the central governance issue, affecting independence, related‑party exposure, and transaction‑timeline leverage. Investors should monitor remediation of related‑party controls, any disclosures on director‑specific compensation or equity post‑business combination, and the degree of influence exerted by sponsor‑affiliated directors in business combination negotiations and extensions .