Xianggeng Huang
About Xianggeng Huang
Xianggeng Huang, 60, has served as a director of Cheetah Net Supply Chain Service Inc. (CTNT) since July 2023. He previously chaired Fuzhou Yisheng Mechanical and Electrical Equipment Co., Ltd. (2003–2022), held leadership roles at Kone Elevator (Fujian branch GM, 1999–2002) and Otis Elevator China (major project manager, 1997–1999), and holds a bachelor’s degree in Automated Machinery from Nanjing University of Science and Technology (1984) . In CTNT’s 2025 proxy, Huang is classified as not independent and listed with the occupation “Director of Fuzhou Yisheng Mechanical and Electrical Equipment Co., Ltd.” .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Fuzhou Yisheng Mechanical and Electrical Equipment Co., Ltd. | Chairman of the Board | 2003–2022 | Led board; strategic oversight and executive consultation |
| Kone Elevator Co., Ltd. (Fujian branch) | General Manager | 1999–2002 | P&L and operations leadership |
| Otis Elevator China Co., Ltd. | Major Project Manager | 1997–1999 | Led major projects execution |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Fuzhou Yisheng Mechanical and Electrical Equipment Co., Ltd. | Director (as listed in CTNT proxy “Occupation”) | Not disclosed | Listed as his occupation in CTNT’s 2025 director slate |
Board Governance
- Independence: Not independent (board nominee table) .
- Committee assignments: Not listed on Audit, Compensation, or Nominating & Corporate Governance; those committees comprise three independent directors (Deng, Ruan, Chen) with chairs Deng (Audit), Chen (Compensation), and Ruan (Nominating) .
- Committee activity (FY2024): Audit met 3 times; Compensation 0; Nominating 0 .
- Board meetings (FY2024): Board held 0 meetings; disclosure notes no director attended fewer than 75% of the aggregate number of Board and committee meetings on which they served .
- Board leadership: CEO (Huan Liu) also serves as Chairman; no lead independent director .
Fixed Compensation
| Year | Fees earned or paid in cash ($) | Stock awards ($) | Option awards ($) | Non-equity incentive plan compensation ($) | Nonqualified deferred comp earnings ($) | All other comp ($) | Total ($) |
|---|---|---|---|---|---|---|---|
| 2024 | 50,000 | — | — | — | — | — | 50,000 |
Notes: The proxy and 10-K report cash-only compensation for Huang as a non-employee director in 2024; no equity or incentive-plan compensation is disclosed for directors in 2024 .
Performance Compensation
- No performance-based director compensation (e.g., non-equity incentive plan, PSUs, options) is disclosed for 2024; the director compensation table shows dashes for these columns for Huang .
Other Directorships & Interlocks
- The 2025 proxy biography lists prior executive roles and identifies his occupation but does not list other public company directorships for Huang in the nominee section reviewed .
Expertise & Qualifications
- Industrial/operations leadership: decades in mechanical/electrical equipment and elevator industry leadership roles (chairman, GM, project management) .
- Technical background: bachelor’s degree in Automated Machinery (Nanjing University of Science and Technology, 1984) .
- Board experience in a China-based industrial enterprise (Fuzhou Yisheng) .
Equity Ownership
| As of Date | Class A Shares Beneficially Owned | % of Class A | Class B Shares | % of Class B | Voting Power |
|---|---|---|---|---|---|
| Sept 29, 2025 | 140,625 | 5.18% | — | — | 1.29% |
Notes: Ownership percentages are based on 2,715,761 Class A shares and 546,875 Class B shares outstanding as of Sept 29, 2025; Class B shares (held entirely by CEO Huan Liu or his BVI entity) concentrate voting control, explaining the lower voting power percentage relative to Huang’s Class A economic stake .
Employment & Contracts (Director)
- Director Offer Letter between Xianggeng Huang and CTNT dated August 31, 2022 (listed as Exhibit 10.4 in 2024 10-K) .
- Indemnification Agreement dated October 14, 2022 between Huang and CTNT (listed as Exhibit 10.6 in 2024 10-K) .
Related Party/Conflicts Review
- The proxy’s related-party transactions section for FY2024–FY2023 details items involving CEO Huan Liu (working capital advances repaid; office lease guaranteed by an entity wholly owned by Liu) and does not identify any related-party transactions involving Huang in the reviewed disclosures .
- CTNT outlines a formal Audit Committee review/approval process for related-party transactions designed to ensure arm’s-length terms .
Governance Assessment
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Strengths:
- Committees composed solely of independent directors; Huang, as a non-independent director, is not seated on Audit, Compensation, or Nominating, which aligns with governance best practices for committee independence .
- Clear disclosure of director pay; Huang’s 2024 director pay was transparent and cash-only .
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Concerns/RED FLAGS:
- Combined CEO/Chair role with no lead independent director reduces independent board leadership; this is a governance risk in small-caps and can impair oversight .
- Board did not meet in FY2024; while compliance with the 75% attendance threshold is disclosed, zero board meetings and minimal committee activity (Compensation and Nominating did not meet) signal weak board engagement and oversight cadence .
- Director pay structure lacks equity exposure for 2024 (no RSUs/DSUs/options disclosed), limiting pay-for-performance and ownership alignment for non-employee directors, including Huang .
- Dual-class voting structure concentrates control with Class B shares (CEO), leaving Huang’s voting power (1.29%) well below his economic stake (5.18% of Class A), reducing minority director influence on governance outcomes .
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Net take: Huang brings long-tenured industrial/operations expertise and meaningful Class A ownership, but is not independent, holds no committee roles, and operates within a structure with concentrated voting control and limited board meeting cadence—factors that may constrain board effectiveness and investor confidence until engagement, leadership structure, and director equity alignment improve .