Li Weilin
About Li Weilin
Li Weilin (age 44) is an independent director of Addentax Group Corp. (ATXG), appointed April 26, 2024. He leads the Information & Network Center at Xinhua College of Sun Yat-sen University (since 2005) and serves as chief senior engineer of the Computer Application & Technology program at Guangdong Polytechnic College (since 2015). He holds a B.S. in Computer Science & Technology (2005) and an M.S. in Software Engineering (2011), both from Sun Yat-sen University, with expertise in network/system safety, image processing, data mining, business intelligence, big data management, and cyber-physical systems .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Addentax Group Corp. | Independent Director | Mar 2019 – May 2021 | Compensation Committee member; Audit Committee member; Chair, Nominating & Corporate Governance Committee |
External Roles
| Organization | Role | Tenure | Focus/Impact |
|---|---|---|---|
| Xinhua College of Sun Yat-sen University | Director, Information & Network Center | 2005 – present | Network & system safety; infrastructure leadership |
| Guangdong Polytechnic College | Chief Senior Engineer, Computer Application & Technology | 2015 – present | Image processing, data mining, business intelligence, big data, cyber-physical systems |
Board Governance
- Independence: Board affirmed Li as an independent director under Nasdaq Rule 5605(a)(2) .
- Committee assignments and chair roles (as of Mar 9, 2025) :
- Audit Committee: Member (Chair: Alex P. Hamilton; Hamilton designated audit committee financial expert) .
- Compensation Committee: Chair .
- Nominating & Corporate Governance Committee: Member (Chair: Xiao Jiangping) .
| Governance Metric | FY2024 | Notes |
|---|---|---|
| Board meetings held | 1 | All directors attended virtually |
| Audit Committee meetings | 5 | All members participated; oversight of reporting, ICFR, auditor independence |
| Compensation Committee meetings | 0 | Committee charter in place; Li serves as Chair |
| Nominating & Governance Committee meetings | 1 | All members present; oversees board evals and governance principles |
| Annual Meeting attendance | 2023 Annual Meeting (Jun 28, 2024) attended by all five directors virtually |
- Executive sessions: Independent directors hold regular executive sessions (disclosed in the 2024 proxy for FY2023) .
Fixed Compensation
| Component | Amount | Terms | Period |
|---|---|---|---|
| Annual cash retainer (Independent Director Agreement) | $15,000 | Payable quarterly in advance on first business day of each calendar quarter | Agreement disclosed; effective upon appointment (Apr 26, 2024) |
| Cash received (FY2024) | $0 | Joined after fiscal year-end (Mar 31, 2024) | Director compensation table shows $0 for Li |
| Meeting fees | Not disclosed | No per-meeting fees disclosed | |
| Committee chair/member fees | Not disclosed | No committee fees disclosed |
Performance Compensation
| Item | Disclosure | Notes |
|---|---|---|
| Equity grants to directors | None to date | 2024 Equity Incentive Plan approved; no plan-based grants outstanding or awarded to date |
| Performance metrics (TSR, revenue, EBITDA, ESG) | Not disclosed for director pay | No director performance-based pay elements disclosed |
| Clawback | Adopted Oct 25, 2023; applies to erroneously awarded incentive compensation over prior 3 fiscal years | Covers cash bonuses, options/SARs, restricted stock/RSUs, performance shares/units; enforced by Board/Comp Committee |
| Hedging | Prohibited for directors, officers, designated insiders and immediate family | No hedging/monetization transactions allowed |
Other Directorships & Interlocks
| Company | Role | Status |
|---|---|---|
| None disclosed | — | Company states Li does not hold, and has not held over the past five years, other public company directorships (aside from ATXG) |
Expertise & Qualifications
- Technical expertise: Network/system safety, image processing, data mining, business intelligence, big data management, cyber-physical systems .
- Education: B.S. (2005) and M.S. (2011) from Sun Yat-sen University .
- Prior ATXG governance experience: Served previously on ATXG board with committee roles including chairing Nominating & Corporate Governance .
Equity Ownership
| As-of Date | Shares Beneficially Owned | % Outstanding | Notes |
|---|---|---|---|
| Mar 9, 2025 | — | — | Li reported no common shares beneficially owned |
| May 29, 2024 | — | — | Li reported no common shares beneficially owned |
Governance Assessment
-
Strengths:
- Confirmed independence; multi-committee service including Compensation Chair and Audit member reinforces board oversight capacity .
- Strong technical background relevant to cybersecurity and data governance; Audit Committee met five times in FY2024 with full participation .
- Adoption of clawback and anti-hedging policies enhances pay-for-performance and alignment safeguards .
- Shareholder support for governance and pay: 2025 annual meeting elected slate including Li; say‑on‑pay passed; frequency set to three years .
-
Watch items / potential red flags:
- Zero share ownership reduces “skin-in-the-game” alignment; no disclosed director ownership guidelines to mitigate this gap .
- Compensation Committee held no meetings in FY2024 despite chair role—monitor cadence and agenda robustness going forward .
- Extensive related-party balances exist with executive/affiliated parties (not involving Li), representing general governance risk to monitor; Audit Committee should continue oversight .