Cindy Tang
About Cindy Tang
Cindy (Xing) Tang is Chief Financial Officer of Cheetah Net Supply Chain Service Inc. (CTNT), appointed on February 18, 2025, after serving as Director of Finance since May 2024 . She holds a BA in English Language & Literature (Sichuan University, 1988), a BA in Foreign Affairs (Foreign Affairs College, 1990), and an MBA in Accounting (Seton Hall University, 2003) . Tang is 59 years old as reflected in CTNT’s 2025 proxy . While company TSR is not disclosed in filings reviewed, CTNT’s FY2024 continuing operations generated $455,805 in revenue and a net loss of $5.19 million amid a strategic pivot to logistics and warehousing, providing context for the finance function’s priorities under her tenure .
Past Roles
| Organization | Role | Years | Strategic Impact / Scope |
|---|---|---|---|
| Cheetah Net Supply Chain Service Inc. (CTNT) | Chief Financial Officer | Feb 2025–Present | Scope includes overseeing accounting, financial reporting, internal controls, treasury, risk management, investor relations, SEC filings, and M&A per employment agreement Schedule A . |
| Cheetah Net Supply Chain Service Inc. (CTNT) | Director of Finance | May 2024–Feb 2025 | Finance leadership prior to CFO appointment; duties transitioned into CFO scope . |
| Elong Power Holdings Limited | Interim Chief Financial Officer | Jul 2023–May 2024 | Interim CFO for battery manufacturer . |
| China XD Plastics Co., Ltd. | Finance Director | Aug 2010–May 2023 | Finance leadership at specialty chemicals company . |
Fixed Compensation
| Year/Term | Base Salary ($) | Target Bonus % | Actual Bonus ($) | Notes |
|---|---|---|---|---|
| Effective Feb 18, 2025 (Employment Agreement) | 84,000 | — (not disclosed) | — (not disclosed) | Paid biweekly; standard benefits; reimbursable expenses; 401(k) eligibility . |
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual/Payout | Vesting / Terms |
|---|---|---|---|---|---|
| Equity (Class A common stock) | Service tenure (12 months full-time) | N/A | Equity valued at $50,000 (grant-date value) per 12 months | Eligibility per 12-month period; award value set at grant date | Issued under stock incentive plan; subject to restricted unit award agreement; specific vesting schedule not disclosed . |
| Annual Cash/Non-Equity Incentive | Not disclosed | — | — | — | No CFO-specific annual plan terms disclosed in filings reviewed . |
Equity Ownership & Alignment
| As of | Class A Shares (Number) | Class A Ownership (%) | Class B Shares (Number) | Class B Ownership (%) | Total Voting Power (%) | Pledged Shares | Hedging Policy | Stock Ownership Guidelines |
|---|---|---|---|---|---|---|---|---|
| Sep 29, 2025 | 0 (not listed with holdings) | 0.00% | 0 | 0.00% | 0.00% | Not disclosed in proxy | Hedging/short-term/speculative transactions prohibited by Insider Trading Policy | Not disclosed; Board notes intent to develop executive compensation policies . |
Notes: Beneficial ownership table lists directors and executive officers; Cindy Tang shows “—” holdings, indicating no reported beneficial ownership as of the record date . Anti-hedging policy in place, but an explicit prohibition on pledging is not specified in reviewed materials .
Employment Terms
| Term | Detail |
|---|---|
| Appointment date/title | Appointed CFO on Feb 18, 2025 . |
| Term/At-will | Holds office until successor chosen or earlier resignation/removal; agreement otherwise functions as at-will with termination mechanics . |
| Termination (Employee) | Employee may terminate with 14 days’ prior written notice; immediate termination permitted if duties materially diminished (replacement CFO not deemed diminished duties) . |
| Termination (Company) | Company may terminate for cause without notice; without cause upon 7 days’ written notice . |
| Severance | Payment of base salary through date of termination; no additional severance terms disclosed . |
| Confidentiality & IP | Confidentiality obligations; Company ownership of work product . |
| Non-solicitation | Non-solicit obligations; confidentiality and non-solicit survive 12 months post-termination . |
| Non-compete | Not disclosed –. |
| Indemnification | Separate Indemnification Agreement; broad advancement/indemnification to fullest extent of NC law; D&O insurance coverage referenced –. |
| Governing law/venue | North Carolina law; NC courts for venue . |
Company Performance Context (during transition)
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Revenue – Continuing Ops ($) | $0 (logistics/warehousing not yet operational) | $455,805 |
| Net (Loss) Income – Total ($) | $133,870 | $(5,188,852) |
| Loss from Continuing Ops ($) | $(1,711,885) | $(3,232,194) |
Context: CTNT exited its parallel-import vehicle business (reclassified as discontinued operations) and pivoted to logistics and warehousing services; 2024 revenues reflect contributions from acquired logistics entities Edward and TWEW .
Compensation Structure Analysis
- Cash vs equity mix: Compensation leans modestly cash-heavy ($84,000 base) with additional annual equity eligibility of $50,000 at grant-date value (service-based), suggesting a retention-oriented but not explicitly performance-based structure .
- Performance linkage: No CFO-specific annual bonus metrics or PSU frameworks disclosed; equity eligibility tied to tenure rather than financial/TSR goals, indicating limited direct pay-for-performance linkage for the CFO role in disclosed terms .
- Clawback/ownership guidelines: No clawback policy, stock ownership guidelines, or pledge policy disclosures identified in reviewed filings; Board indicates intent to further develop executive compensation policies .
Risk Indicators & Red Flags
- Severance/change-in-control: No severance multiple, change-in-control protection, or accelerated vesting terms disclosed, which may reduce misalignment risk but raises retention risk for a critical control role .
- Hedging/pledging: Hedging and speculative trading prohibited; no explicit pledge prohibition disclosed; no pledging by Tang disclosed .
- Ownership alignment: No reported beneficial ownership as of Sep 29, 2025, suggesting limited immediate alignment; equity awards, if granted, could begin to build ownership over time .
Expertise & Qualifications
- Education: BA English Language & Literature (Sichuan University, 1988); BA Foreign Affairs (Foreign Affairs College, 1990); MBA Accounting (Seton Hall University, 2003) .
- Technical: Proficient in US and Chinese accounting standards; experienced in financing, accounting, auditing, and corporate governance as noted in the employment agreement .
- Industry experience: Finance leadership across specialty chemicals, battery manufacturing, and logistics/warehousing transition contexts .
Investment Implications
- Alignment and retention: The CFO package emphasizes base salary with service-based equity eligibility ($50,000 per 12 months) and no disclosed severance/change-in-control protections; this combination can increase retention risk (short notice periods, no severance) while providing limited performance-based alignment until equity begins to accrue .
- Near-term selling pressure: Vesting specifics are not disclosed; without explicit vesting/holding requirements or ownership guidelines, it is difficult to model supply overhang from potential equity awards—monitor future Form 4 filings for grant and sale activity once awards are issued .
- Governance comfort: Anti-hedging policy and a robust indemnification framework are positives; absence of a pledge policy and ownership guidelines (as disclosed) leaves some alignment questions open pending future compensation policy development – .
- Execution focus: Company fundamentals indicate FY2024 losses during a strategic pivot; finance leadership will be critical to capital allocation, controls, and scaling the logistics/warehousing model—track subsequent disclosures for KPI-based incentive structures that could strengthen pay-for-performance linkage .