Huibo Deng
About Huibo Deng
Huibo Deng, age 42, has served as an independent director of Cheetah Net Supply Chain Service Inc. (CTNT) since July 2024 and is designated by the Board as an audit committee financial expert under SEC rules . He holds a B.S. in Finance (Dongbei University of Finance and Economics), an M.S. in Statistics (Dalarna University), and a Ph.D. in Finance (Renmin University of China), and has academic and financial-industry experience relevant to oversight of CTNT’s financial reporting and risk .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Chinese Academy of Management Sciences, Institute of Teaching and Curriculum | Visiting Professor | Since Sept 2021 | Academic instruction; financial expertise brings rigor to audit oversight |
| Shenzhen Dexun Securities Consulting Co., Ltd. | Vice President | Jan 2023 – Jul 2023 | Strategic counsel; markets advisory background useful for risk oversight |
| China Travel Group Zhonglv Bank Headquarters | General Manager, Strategic Development Dept. | Jun 2017 – Nov 2018 | Strategic partnerships and market expansion; relevant to governance and growth strategy |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Chinese Academy of Management Sciences | Visiting Professor | Since Sept 2021 | Academic role; no public-company directorships disclosed beyond CTNT |
- No other public company board directorships are disclosed for Mr. Deng in CTNT’s 2025 definitive proxy .
Board Governance
| Committee | Member | Chair | FY2024 Meetings |
|---|---|---|---|
| Audit | Yes | Yes | 3 |
| Compensation | Yes | No | 0 |
| Nominating & Corporate Governance | Yes | No | 0 |
- Independence: The Board determined Mr. Deng is independent under Nasdaq standards .
- Audit committee financial expert: Mr. Deng is designated an audit committee financial expert under SEC rules .
- Attendance: The Board held no meetings in FY2024, but no director fell below 75% attendance for Board/committee meetings; Audit met 3x, Compensation and Nominating did not meet in FY2024 .
- Leadership structure: CEO Huan Liu also serves as Chairman; the Board has no Lead Independent Director .
- Executive sessions: Governance highlights indicate executive sessions of independent directors occur .
- Committee charter governance: Formal charters for all three committees; annual charter/practices review .
- Related-party transactions oversight: Audit Committee reviews, approves, or denies related-party transactions per policy .
Fixed Compensation
| Year | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Option Awards ($) | All Other ($) | Total ($) |
|---|---|---|---|---|---|
| 2024 | 10,000 | — | — | — | 10,000 |
- Start date and annual level: Began annual director compensation effective July 2, 2024; proxy notes reference a $20,000 annual level with $10,000 paid for partial-year service in 2024 .
- Committee chair/member fees and meeting fees: Not disclosed in the proxy .
Performance Compensation
| Metric | 2024 | Notes |
|---|---|---|
| Non-Equity Incentive Plan Compensation ($) | — | No director NEIP compensation disclosed |
| Stock Awards ($) | — | No equity awards disclosed for directors in 2024 |
| Option Awards ($) | — | No options disclosed for directors in 2024 |
- No performance-linked director metrics (e.g., revenue, EBITDA, TSR) or vesting structures are disclosed for directors .
Other Directorships & Interlocks
| Company | Role | Committee Roles | Notes |
|---|---|---|---|
| None disclosed | — | — | No other public company boards listed for Mr. Deng in CTNT’s proxy |
Expertise & Qualifications
- Advanced education in finance and statistics; Ph.D. in Finance (Renmin University), M.S. in Statistics (Dalarna), B.S. in Finance (Dongbei University), aligning with audit and risk oversight responsibilities .
- Designated audit committee financial expert; enhances credibility of financial reporting oversight .
- Prior roles in securities consulting and bank strategic development contribute to risk assessment and governance acumen .
Equity Ownership
| As of Record Date (Sept 29, 2025) | Class A Shares Beneficially Owned | Class A Ownership % | Class B Shares Beneficially Owned | Class B Ownership % | Notes |
|---|---|---|---|---|---|
| Huibo Deng | 0 | 0.00% | 0 | 0.00% | No beneficial ownership reported; voting power concentrated in CEO via Class B |
- Anti-hedging policy prohibits directors, officers, and employees from hedging or engaging in short sales and publicly traded options in CTNT stock .
- No pledging of shares by Mr. Deng disclosed; stock ownership guidelines for directors not disclosed .
Governance Assessment
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Strengths:
- Independent director with deep finance training; designated audit committee financial expert and Audit Chair, which is critical for a smaller reporting company with heightened audit oversight needs .
- Clear related-party transaction review/approval process led by Audit Committee; formal committee charters in place .
- Executive sessions for independent directors noted in governance highlights .
-
Weaknesses / RED FLAGS:
CEO also serves as Chairman and there is no Lead Independent Director, reducing independent counterbalance on the Board .
Board held no meetings in FY2024; Compensation and Nominating Committees did not meet, raising questions on committee effectiveness and oversight cadence .
Very low director stock ownership—Mr. Deng reported no beneficial ownership—as of Sept 29, 2025, which can weaken alignment with shareholders absent robust equity-based director pay . -
Director Compensation Mix: Predominantly cash with no equity grants in 2024 (no RSUs/Options), which limits long-term alignment and at-risk pay signals for independent directors .
-
Independence & Attendance: Board affirmed Mr. Deng’s independence; no director fell below 75% attendance threshold; Audit Committee met three times despite overall low Board/committee meeting frequency .
Insider Filings and Compliance
| Item | Status | Citation |
|---|---|---|
| Section 16(a) compliance (FY2024) | Officers/directors timely complied with filing requirements |
Related-Party Exposure
- No related-party transactions disclosed for Mr. Deng; Company related-party transactions primarily involve the CEO (e.g., due-to-related-party repayments; lease guarantee by an entity owned by the CEO), with Audit Committee oversight per policy .
- Audit Committee has explicit responsibility for reviewing all related-party transactions for fairness and arm’s-length terms .
Compensation Committee Analysis
- Composition: Three independent directors; Mr. Deng serves as a member (Chair is Huiping Chen) .
- Activity: Compensation Committee held no meetings in FY2024, which is atypical and may indicate limited formal oversight of pay practices during the period .
- Interlocks/Reports: As a smaller reporting company, CTNT is not required to provide Compensation Committee interlock or report disclosures under Item 407(e) .
Director Pay Governance & Clawbacks
- Clawback: Company adopted a Compensation Recovery Policy effective Nov 20, 2023 to recoup incentive-based executive compensation after material restatements; policy focuses on executive officers, not directors .
- Anti-hedging: Insider Trading Policy prohibits hedging/monetization, short-term/speculative transactions for directors, officers, and employees .
Summary Implications for Investors
- The presence of an independent Audit Chair with financial expert credentials is a positive governance feature. However, combined CEO/Chair and no Lead Independent Director, low meeting cadence (Board: 0; Comp/Nom: 0), and lack of director equity grants reduce confidence in board independence, oversight rigor, and alignment. Monitoring committee activity in FY2025–FY2026, director ownership trends, and any progression toward clearer ownership guidelines and equity-based director compensation is warranted .