Chung Wang Yiu (Ron)
ZW Data Action TechnologiesAbout Chung Wang Yiu (Ron)
Chung Wang Yiu (Ron), age 37, is an independent non‑executive director of ZW Data Action Technologies (CNET) since October 2024. He is a marketing professional currently serving as Content Lead APAC at Foodpanda, with prior roles in PR and content across B2C and B2B technology brands; he holds a Bachelor of Arts (Hons) in Translation from Lingnan University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Foodpanda (APAC) | Content Lead APAC (Bangkok); oversees marketing strategies for Hong Kong and Cambodia | Nov 2020 – present | Regional campaign leadership and execution |
| TEAM LEWIS (Hong Kong) | Senior Account Executive | Jun 2018 – Nov 2020 | Content, social media, media relations; clients incl. Equinix, Ferrari, NTT Ltd., Skyscanner, Sophos, LYCRA |
| Newell Public Relations (Hong Kong) | Account Executive | Aug 2017 – May 2019 | Content, social, media relations; clients incl. Adobe, Belkin, GfK, Parallels, Software AG |
| Creative Concept Construction (Hong Kong) | Project Coordinator | Aug 2015 – Mar 2017 | Client servicing; cross‑party coordination; reporting/admin |
External Roles
| Company/Institution | Role | Tenure | Notes |
|---|---|---|---|
| None disclosed | — | — | Company states no related transactions involving Mr. Yiu in past two years; no family relationships with directors/executives |
Board Governance
- Independence: The Board determined that Chung Wang Yiu (Ron) is independent under Nasdaq Rule 5605(a)(2) and meets Rule 10A‑3 criteria .
- Committees: Member of Audit; Compensation; Nominating & Corporate Governance .
- Committee Chair roles: Audit chaired by Chang Qiu (audit committee financial expert); Mr. Yiu is a member, not a chair .
- Board and committee activity: Board held 9 meetings in 2024; Audit held 5; Compensation held 1; Nominating & Corporate Governance held 2 .
- Attendance: In 2024, no director attended fewer than 75% of meetings of the Board and committees of which they were members; all directors attended the 2024 annual meeting on December 13, 2024 .
- Election outcomes: At the Dec 13, 2024 annual meeting, Mr. Yiu received 624,576 “For” votes, 8,286 “Withheld,” with 435,517 broker non‑votes .
- Board leadership: CEO also serves as Chair; the Board has not designated a lead independent director .
Fixed Compensation (Director)
| Name | Fiscal Year | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Option Awards ($) | Non‑Equity Incentive ($) | Nonqualified Deferred Comp ($) | All Other ($) | Total ($) |
|---|---|---|---|---|---|---|---|---|
| Chang Qiu | 2024 | 6,000 | 33,000 | – | – | – | – | 39,000 |
| Zhiqing Chen | 2024 | 6,000 | – | – | – | – | – | 6,000 |
| Pau Chung Ho | 2024 | 2,574 | – | – | – | – | – | 2,574 |
| Chung Wang Yiu (Ron) | 2024 | – | – | – | – | – | – | – |
Notes: Mr. Pau resigned Oct 3, 2024 and was replaced by Mr. Yiu effective the same date . No compensation consultants engaged for director/executive compensation .
Performance Compensation (Policy Framework)
| Award Type | Availability | Vesting/Performance Basis | Key Terms |
|---|---|---|---|
| Restricted Stock | Yes (2025 Plan) | Service and/or performance goals; restrictions lapse per agreement | Voting rights/dividends possible during restriction period; transfer restrictions until vesting |
| Restricted Stock Units (RSUs) | Yes (2025 Plan) | Service‑based vesting; cash or shares distributed post‑vesting | Distribution by 15th day of the third month following year of vesting; 409A compliant |
| Performance Stock | Yes (2025 Plan) | Predetermined Performance Goals; shares delivered on achievement | Goals set by Committee; measured over defined Performance Periods |
| Performance Units | Yes (2025 Plan) | Predetermined Performance Goals; cash paid based on Units | Goals and periods set by Committee; no voting rights |
| Stock Options | Yes (ISOs/NQSOs) | Time‑based; no exercise after 10 years (5 for 10% shareholder ISOs) | Exercise price ≥ FMV on grant; methods/timing determined by Committee |
| SARs (incl. Tandem) | Yes (2025 Plan) | Value based on FMV increase over base value; ≤10‑year term | Base ≥ FMV at grant; special rules for tandem SARs |
Clawbacks and anti‑hedging/pledging: All awards subject to Company clawback/recoupment policies and any anti‑hedging/pledging policies as in effect; provisions aligned with SOX §304 and Dodd‑Frank §954 and exchange rules . Change‑of‑control definitions included in equity plans (e.g., >50% voting power change, certain business combinations, asset sales, liquidation, or board turnover within 24 months) .
Other Directorships & Interlocks
| Individual | Current Public Company Boards | Shared Boards/Interlocks | Notes |
|---|---|---|---|
| Chung Wang Yiu (Ron) | None disclosed | None disclosed | Determined independent; no related transactions or family relationships reported |
Expertise & Qualifications
- Professional focus: Integrated communications, digital marketing, copywriting, social media management, project management, influencer engagement, public relations .
- Education: Bachelor of Arts (Hons) in Translation, Lingnan University .
Equity Ownership
| Name | Shares Beneficially Owned | Percent of Class |
|---|---|---|
| Chung Wang Yiu (Ron) | — | — |
Notes: Beneficial ownership as of record date for the 2025 annual meeting; figures restated for 1‑for‑4 reverse split on Sept 30, 2024 .
Governance Assessment
- Board effectiveness and engagement: Immediate committee integration across Audit, Compensation, and Nominating indicates active governance responsibility; no director fell below 75% attendance, and directors attended the 2024 annual meeting, supporting engagement .
- Independence and conflicts: Nasdaq and Exchange Act independence affirmed; company explicitly discloses no related‑party transactions or family relationships for Mr. Yiu in the prior two years, reducing conflict risk .
- Alignment and incentives: No reported share ownership and no 2024 director compensation entries for Mr. Yiu may indicate limited near‑term financial alignment; however, the 2025 plan permits service‑ and performance‑based equity grants with clawbacks, providing a framework to enhance future alignment .
- Structural red flags: Combined CEO‑Chair role with no lead independent director can weaken independent oversight; investors may monitor committee independence and executive session practices to mitigate this governance risk .
- Shareholder sentiment: 2024 election support for Mr. Yiu was strong (624,576 “For” vs. 8,286 “Withheld”), signaling baseline investor confidence at appointment; continued monitoring of say‑on‑pay outcomes and director equity issuance under the 2025 plan is warranted .
Highlighted RED FLAGS
- No disclosed personal share ownership as of the record date (potentially weak skin‑in‑the‑game) .
- CEO also serves as Board Chair and no lead independent director designated (oversight concentration risk) .
Positive Signals
- Triple committee membership and full attendance expectations met by the Board (engaged oversight) .
- Formal clawback, insider trading, and anti‑hedging/pledging policy coverage within equity plans (shareholder‑friendly risk controls) .