Stephen Wong
DATASEAAbout Stephen (Chun Kwok) Wong
Independent director of Datasea Inc. (DTSS) since December 21, 2018, currently age 43; serves as Audit Committee chair and is designated the audit committee financial expert under SEC rules . Background in accounting and audit (PwC, Moore Stephens, KLC), and currently CEO of Splendid Holding Limited, an interior design company in Hong Kong; holds a Bachelor of Commerce in Accounting from Macquarie University (2005) . The Board affirms his independence under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Splendid Holding Limited (Hong Kong) | Chief Executive Officer | Not disclosed (current role) | Executive leadership; non-DTSS role |
| Fitness World (Group) Limited; MJ Medical Beauty Limited | Group Financial Controller | Feb 2017 – Aug 2018 | Finance leadership |
| PricewaterhouseCoopers Limited (PwC) | Senior Associate | Jan 2016 – Jan 2017 | Audit experience |
| Moore Stephens Associates Limited (Hong Kong) | Senior Associate | Oct 2010 – Dec 2015 | Audit/assurance |
| KLC Kennic Lui & Co. | Supervisor | Jul 2009 – Aug 2010 | Audit supervision |
| KLC CPA Limited | Auditor | Oct 2005 – Jun 2008 | Audit execution |
External Roles
| Organization | Role | Public/Private | Notes |
|---|---|---|---|
| Splendid Holding Limited (Hong Kong) | CEO | Private (not disclosed as public) | Interior design; only current external position disclosed |
Board Governance
- Committees: Audit (Chair), Compensation (Member), Nominating & Corporate Governance (Member) .
- Financial expert: Board determined Mr. Wong qualifies as an “audit committee financial expert” (Item 407(d)(5)(ii) of Regulation S‑K) .
- Independence: Board determined he is independent under Nasdaq rules .
- Attendance and engagement: FY2024—Board held 2 meetings; committees held 7 (Audit 4, Compensation 2, Governance 1); each incumbent director attended at least 80% of meetings of the Board and applicable committees. FY2023—each incumbent director attended at least 75%; Board had 2 meetings; committees held 9 (Audit 4, Compensation 4, Governance 1). Mr. Wong was expected to miss the 2024 annual meeting due to scheduling conflicts (board does not have a formal annual meeting attendance policy) .
- Audit Committee Report: Signed by Stephen Wong (Chair), Michael J. Antonoplos, Yan Yang .
- Board structure context: CEO is also Chair; no Lead Independent Director .
| Committee | Role | Independence/Expertise | 2024 Meetings (FY2024) |
|---|---|---|---|
| Audit | Chair | Independent; designated financial expert | 4 |
| Compensation | Member | Independent | 2 |
| Nominating & Corporate Governance | Member | Independent | 1 |
Fixed Compensation
| Fiscal Year | Cash Fees (USD) | Equity/Stock Awards (USD) | Total (USD) |
|---|---|---|---|
| FY2024 | $8,412 | $0 | $8,412 |
| FY2023 | $7,645 | $0 | $7,645 |
No director chair or committee fees breakdown disclosed; no equity granted to Mr. Wong in FY2023–FY2024 .
Performance Compensation
Not disclosed for directors; no performance-based metrics or awards reported for Mr. Wong in FY2023–FY2024 .
Other Directorships & Interlocks
| Company | Type | Role | Potential Interlock/Conflict |
|---|---|---|---|
| None disclosed | — | — | No other public company directorships disclosed in DTSS proxy materials . |
Expertise & Qualifications
- Accounting and audit background (PwC; Moore Stephens; KLC) and current operating role as a CEO; Bachelor of Commerce (Accounting) from Macquarie University (2005) .
- Designated Audit Committee financial expert and independent under Nasdaq standards .
Equity Ownership
| Holder | Shares Beneficially Owned | % Outstanding | As-Of Date/Source |
|---|---|---|---|
| Stephen (Chun Kwok) Wong | 667 | <1% | March 28, 2025; 7,651,111 shares outstanding |
No pledging, vested/unvested breakdown, options, or ownership guidelines disclosed for Mr. Wong; Section 16(a) compliance: FY2023 reported compliant for insiders generally; FY2025 noted a deficiency for a 12.5% shareholder (Beijing Meimei Partners) not filing Form 3, with no deficiency attributed to Mr. Wong .
Governance Assessment
-
Strengths
- Independent director with accounting/audit pedigree; Audit Chair and SEC-designated financial expert, which is critical given company size and related-party oversight responsibilities .
- Signed Audit Committee reports and oversaw external auditor engagement, independence, and financial reporting oversight .
-
Watch items and potential red flags
- Minimal “skin-in-the-game”: ownership of 667 shares (<1%) and no director equity grants in FY2023–FY2024 could weaken alignment versus best practice targets for board ownership; compensation appears predominantly cash .
- Board governance context includes combined CEO/Chair and no Lead Independent Director, which heightens the importance of strong audit/independent committee leadership; numerous related-party transactions with the CEO are subject to Audit Committee oversight, requiring continued vigilance by the Audit Chair .
- Engagement optics: expectation to miss the 2024 annual meeting due to scheduling conflicts (though the company reports at least 75%–80% meeting attendance thresholds by incumbents in FY2023–FY2024) .
-
Independence and compliance
- Board affirms Mr. Wong’s independence; he is the designated audit financial expert; no legal proceedings disclosed involving him; FY2023 Section 16(a) compliance broadly reported for insiders, and no reporting deficiency attributed to him in FY2025 .