LuLu Sun
About LuLu Sun
LuLu Sun (age 46) is an independent director of Smart Powerr Corp. (CREG), appointed to the Board on August 5, 2015. Her core credentials are in marketing and business development, with roles at Net Engine Power Tech (Marketing Director since June 2013), Rayli Magazine (New Media Business Development Director, June 2009–May 2013), and Sina Mobile (Business Development Project Manager, July 2002–May 2009). She is a member of the Audit Committee and Compensation Committee and serves as Chair of the Corporate Governance and Nominating Committee. The Board has determined she is independent under Nasdaq rules.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Net Engine Power Tech. Ltd. Co. (China) | Marketing Director | Jun 2013–present | Board cited her marketing/business development experience as qualifying credentials |
| Rayli Magazine (China) | New Media Business Development Director | Jun 2009–May 2013 | Marketing/business development credentials |
| Sina Mobile (China) | Business Development Project Manager | Jul 2002–May 2009 | Marketing/business development credentials |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| — | — | — | No other public company directorships disclosed for Ms. Sun in proxies reviewed |
Board Governance
- Independence: The Board determined LuLu Sun is independent; all members of Audit, Compensation, and Corporate Governance & Nominating committees are independent (Nasdaq Rule 5605(a)(2)).
- Committee assignments: Audit Committee (member), Compensation Committee (member), Corporate Governance & Nominating Committee (Chair).
- Chair roles: Corporate Governance & Nominating Committee chaired by LuLu Sun; Audit chaired by Zhongli Liu; Compensation chaired by Xiaoping Guo.
- Lead Independent Director: None appointed.
- Attendance: Each director attended more than 75% of Board and committee meetings in FY2024 and FY2022.
- Executive sessions: Independent directors met in regularly scheduled executive sessions (twice in 2023; twice in 2022).
Committee summary:
| Committee | Role | Chair | Independence |
|---|---|---|---|
| Audit | Member | Zhongli Liu | All members independent |
| Compensation | Member | Xiaoping Guo | All members independent |
| Corporate Governance & Nominating | Chair | LuLu Sun | All members independent |
Meeting activity and attendance:
| Year | Board Mtgs | Audit Mtgs | Corp Gov & Nominating Mtgs | Compensation Mtgs | Attendance |
|---|---|---|---|---|---|
| FY2022 | 1 | 4 | 1 | 1 | ≥75% per director |
| FY2024 | 1 | 4 | 1 | 1 | ≥75% per director |
Director election support (2024 Annual Meeting):
| Nominee | Votes For | Votes Against | Votes Withheld | Broker Non-Votes |
|---|---|---|---|---|
| LuLu Sun | 1,561,202 | 361,100 | 1,907 | 2,948,376 |
Fixed Compensation
Non-employee directors receive a fixed annual board fee of RMB 50,000; no meeting fees or committee fees; no equity grants or options to directors (per disclosures).
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Annual Retainer (RMB) | RMB 50,000 | RMB 50,000 | RMB 50,000 |
| Fees Earned or Paid in Cash (USD) | $7,813 | $7,043 | $7,022 |
| Meeting Fees | None | None | None |
| Committee Chair Fees | None disclosed | None disclosed | None disclosed |
| Stock Awards (USD) | — | — | — |
| Option Awards (USD) | — | — | — |
Performance Compensation
Non-employee directors are not paid variable or performance-based compensation; proxy tables show no non-equity incentive comp and no equity awards for directors.
| Category | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Non-Equity Incentive Plan Compensation (USD) | — | — | — |
| RSU/PSU Grants | None | None | None |
| Option Grants | None | None | None |
| Options Outstanding (as of YE) | None | None | None |
Other Directorships & Interlocks
| Item | Status | Evidence |
|---|---|---|
| Other public company boards (Sun) | Not disclosed | Biographical entries list operating roles only |
| Compensation Committee interlocks | None; all members independent, no officer participation and no cross-directorships | Committee interlocks disclosure |
Expertise & Qualifications
- Board and committee qualifications emphasize ethics, senior leadership capability, financial literacy for committee assignments, independent judgment, and time commitment; Sun was nominated for her marketing and business development expertise.
- Audit Committee “financial expert” designation applies to Zhongli Liu, not Sun.
Equity Ownership
| Metric | As of Nov 6, 2023 | As of Nov 12, 2024 | As of Aug 13, 2025 |
|---|---|---|---|
| Common Shares Beneficially Owned | 0 | 0 | 0 |
| Percent of Class | “*” (less than 1%) | “*” (less than 1%) | “*” (less than 1%) |
| Pledged Shares | Not disclosed in ownership table | ||
| Options/RSUs (Director) | None outstanding for non-employee directors per proxy | None outstanding | None outstanding |
Governance Assessment
- Positives: Independent status; multi-committee service including chairing Corporate Governance & Nominating; attendance ≥75%; regular independent director executive sessions (twice in 2023; twice in 2022).
- Investor support: 2024 director election results show 1,561,202 “For” vs 361,100 “Against” for Sun, indicating strong but not unanimous support.
- Compensation alignment considerations: Director pay is all-cash (RMB 50,000 annual retainer) with no equity grants; Sun reported 0 share ownership across 2023–2025, which may signal limited direct financial alignment absent ownership guidelines.
- Process rigor: Compensation Committee retained authority to engage independent advisors but did not engage any in FY2024 or FY2022.
- Structure caution: Board has not named a Lead Independent Director, which can dilute independent oversight of combined Chair/CEO governance.
- Conflicts/related-party exposure: Proxies disclose no related-party transactions for 2023–2022; historical items involved management (CEO share purchase in 2021), not Sun.