Wei Li
About Wei Li
Wei Li, 46, is an independent director of Bowen Acquisition Corp (BOWN). She is co‑founder and CEO of Hyatt Capital Management (since 2018) and previously led structured finance and private credit at China Renaissance and CITIC Securities. She holds an M.Phil. in Land Economy from the University of Cambridge, is a Ph.D. candidate at the University of Rochester, and is a CFA charterholder. Her current board class is the “first class,” with her term expiring at BOWN’s first annual meeting.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Hyatt Capital Management | Co‑Founder & CEO | 2018–present | Leads impact investing; capital markets leadership. |
| China Renaissance (HK:1911) | Managing Director & Head of Structured Finance | 2016–2018 | Structured finance leadership across HK/Shanghai/Beijing. |
| CITIC Securities (SH:600030) | Executive Director & Head of Private Credit Investment | 2011–2016 | Built private credit investing capabilities. |
| Barclays Capital; HSBC | Investment banking roles | Five years (dates not disclosed) | Global capital markets experience. |
External Roles
| Organization | Role | Type | Notes |
|---|---|---|---|
| Hyatt Capital Management | CEO | Private investment fund | Focused on impact investing in Asia-Pacific. |
| Other public company boards | — | — | None disclosed in BOWN filings. |
Board Governance
- Independence: The board determined that Wei Li is an independent director under Nasdaq and SEC rules.
- Committee memberships: Audit Committee member (chair: Jun Zhang); Compensation Committee member (chair: Lawrence Leighton).
- Nominating: No standing nominating committee; a majority of independent directors recommend nominees.
- Executive sessions: Independent directors have regularly scheduled meetings where only independent directors are present.
- Term structure: Classified board; Wei Li’s “first class” term expires at the first annual meeting.
Fixed Compensation
| Component | Amount/Terms |
|---|---|
| Annual cash retainer | None; BOWN discloses no cash compensation to directors prior to the initial business combination. |
| Committee membership fees | None disclosed; no director compensation prior to business combination. |
| Committee chair fees | Not applicable to Wei Li; no cash compensation prior to business combination. |
| Meeting fees | None disclosed; no director compensation prior to business combination. |
| Other cash | Reimbursement of reasonable out‑of‑pocket expenses only. |
Performance Compensation
| Plan/Award | Performance Metrics | Grant Details | Status |
|---|---|---|---|
| Incentive Equity Plan (post‑combination) | Metrics to be set by board post‑closing (not disclosed in 10‑K) | No specific grants to Wei Li disclosed | Shareholders approved an incentive equity plan in January 2025 for post‑combination; details to be addressed after closing. |
Other Directorships & Interlocks
| Company | Type | Role | Potential Interlock/Conflict |
|---|---|---|---|
| None disclosed | — | — | No other public company boards disclosed for Wei Li in BOWN filings. |
Expertise & Qualifications
- Structured finance and private credit leadership from China Renaissance and CITIC Securities; capital markets exposure at Barclays Capital and HSBC supports audit and compensation oversight.
- Advanced academic training (Cambridge M.Phil; Ph.D. candidate Rochester) and CFA charter strengthen analytical rigor.
Equity Ownership
| Item | Detail |
|---|---|
| Total beneficial ownership (Wei Li) | Less than 1% of outstanding ordinary shares; no specific share count disclosed. |
| Indirect interests | Footnotes note potential indirect ownership via a partnership interest in Bowen Holding LP; not quantified in filings. |
| Hedging/pledging | Prohibited by BOWN’s Insider Trading Policy (short sales, hedging, margin or pledging not permitted for insiders). |
Governance Assessment
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Positives:
- Independent status with relevant finance/structured credit background; serves on Audit and Compensation Committees, enhancing board effectiveness.
- Insider Trading Policy bans hedging and pledging; existence of a Clawback Policy; independent‑only sessions are regularly scheduled, supporting oversight and alignment.
-
Risks / RED FLAGS:
- Potential conflict: Filings indicate Wei Li may hold a partnership interest in Bowen Holding LP (a sponsor with founder/private shares), creating alignment to consummate transactions that may diverge from public shareholders’ interests; sponsors, officers and directors collectively held ~67% and indicated intent to vote for extensions.
- Company‑level ICFR material weakness due to lack of a qualified SEC reporting professional (under remediation); as an Audit Committee member, oversight burden is elevated.
- CFIUS exposure: Other than one director, BOWN’s directors and officers have significant ties to China, increasing transaction uncertainty and regulatory risk.
- Related‑party transactions include monthly administrative services paid to Bowen Holding LP, consulting services to TenX Global Capital (a member of Bowen Holding LP), and potential working capital loans convertible into units—areas requiring robust audit committee scrutiny.
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Contextual considerations:
- SPAC lifecycle pressures (going‑concern risks and extension reliance) can challenge governance optics; transparency and strong committee oversight mitigate but do not eliminate investor confidence concerns.