Shu Wang
About Shu Wang
Shu Wang, age 38, is an independent director of AlphaVest Acquisition Corp (ATMV) and serves as Chairman of the Audit Committee; he is recognized as an “audit committee financial expert” under SEC rules, reflecting deep accounting and audit credentials . He was appointed to the Board on December 19, 2022, with the Board determining his independence under SEC and Nasdaq standards . Wang is a CICPA charter holder and holds a degree from Jiamusi University, with over ten years’ audit experience including partner roles at leading Chinese accounting firms .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Zhongshenzhonghuan Accounting Firm (Shenzhen Branch) | Partner | Since Jan 2021 | Top-ten firm in China; senior audit leadership |
| Gongzhengtianye Accounting Firm (Shenzhen Branch) | Partner | 2016–2020 | Oversaw audits of China Gas Holding (00384.HK), China Nepstar, Shenzhen Qiwu Interactive Technology Co. Ltd. |
External Roles
No other public-company directorships for Shu Wang were disclosed in ATMV’s filings reviewed .
Board Governance
- Committee assignments: Audit Committee (Chair); Compensation Committee (Member) .
- Independence: The Board determined Shu Wang is independent under Nasdaq and SEC rules; independent directors hold regular executive sessions .
- Audit committee expertise: Board determined Shu Wang qualifies as an “audit committee financial expert” under SEC rules .
- Committee charters: Audit and Compensation Committee charters are available on the company’s website (as stated) .
- Audit Committee responsibilities include auditor oversight, pre-approval of services, independence monitoring, partner rotation, annual quality-control reviews, and approval of related-party transactions per Item 404 .
Fixed Compensation
ATMV’s DEF 14A materials in 2024 and 2025 primarily address extension/redemption proposals and do not disclose a non-employee director compensation program (cash retainer, fees, equity) for directors; no director pay detail for Shu Wang was found in those proxies .
Performance Compensation
No performance-based director compensation (RSUs/PSUs, performance metrics, option awards, vesting schedules) for Shu Wang was disclosed in ATMV’s S-1/S-4/10-K/DEF 14A filings reviewed .
Other Directorships & Interlocks
- Other public boards: None disclosed for Shu Wang in ATMV filings .
- Interlocks/conflicts: On appointment, ATMV disclosed that directors were not party to transactions requiring disclosure under Item 404(a) of Regulation S-K .
Expertise & Qualifications
- CICPA charter holder (Chinese Institute of Certified Public Accountants); degree from Jiamusi University .
- Audit leadership experience at top-tier Chinese firms; led audits of large listed and private companies .
- Designated SEC “audit committee financial expert” by the Board, highlighting expertise in accounting, audit, and financial reporting oversight .
- SPAC governance: experienced with audit committee responsibilities central to SPAC risk oversight (trust accounts, auditor independence, related-party transaction controls) as reflected in committee descriptions .
Equity Ownership
| Metric | Detail |
|---|---|
| ATMV beneficial ownership at appointment | Form 3 filed Dec 21, 2022 indicates “No securities are beneficially owned” . |
| Vested vs unvested | Not disclosed in filings reviewed . |
| Options/rights | Not disclosed in director context; ATMV units include public rights generally, but no director-specific awards disclosed . |
| Pledging/hedging | Not disclosed in filings reviewed . |
Governance Assessment
- Strengths: Independent director and Audit Committee Chair with SEC “financial expert” designation; strong audit background supports robust auditor oversight, related-party controls, and financial reporting quality .
- Conflicts/related party: Company disclosed, upon appointment, no Item 404(a) related-party transactions involving directors, reducing immediate conflict risk .
- Alignment: Form 3 showed no beneficial ownership at appointment; while founder-share structures may create broad insider incentives in SPACs, Shu Wang’s own filing showed no ATMV holdings then, moderating direct equity incentives at that time .
- Process discipline: Audit committee charters and responsibilities, including pre-approval of auditor services and independence monitoring, signal sound governance design for a SPAC environment .
- Unknowns/RED FLAGS to monitor: Attendance records for board/committee meetings were not disclosed; director compensation structure (cash/equity mix, fees) not disclosed; continue monitoring future proxies for any compensation changes or related-party transactions around the business combination .
Note: ATMV proxies in 2024–2025 focus on extending the SPAC combination period and redemption mechanics; they also detail initial shareholder interests at a high level without director-level pay detail, so director compensation/attendance data for Shu Wang may only be available in future annual proxies post-business combination .