Cui Song
About Cui Song
Cui Song (age 39) is an independent director of Enlightify Inc. (ENFY) serving since 2023. She is a member of the Audit, Compensation, and Nominating Committees. Her background is in marketing and entrepreneurship, including serving as Regional Manager for Peking University Resources Company and co-founding the “Wonderland” children’s amusement brand. She holds a Bachelor’s degree in Journalism and Communication from Zhejiang University of Media and Communications .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Peking University Resources Company (Beijing) | Regional Manager (Chongqing area) | Not disclosed | Marketing leadership and regional operations |
| Wonderland (Chinese children’s amusement brand) | Co-founder | Not disclosed | Brand creation and entrepreneurship |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Public company boards | None disclosed | — | Proxy biography lists private/entrepreneurial roles; no public boards disclosed |
| Non-profit/academic boards | None disclosed | — | Not disclosed in proxy |
| Private company boards | Not disclosed | — | Entrepreneurship noted; board roles not specified |
Board Governance
- Independence: The Board determined Cui Song qualifies as an independent director under NYSE rules and SEC Rule 10A-3 .
- Committees: Audit, Compensation, and Nominating Committee member (not chair) .
- Committee chairs: Audit—Tianping Cai; Compensation—Jinjun Lu; Nominating—Lianfu Liu .
- Attendance: The Board held 8 meetings in FY ended June 30, 2024; all incumbent directors (including Cui Song) attended at least 75% of Board and applicable committee meetings .
- Committee meeting cadence: Audit (4), Compensation (1), Nominating (2) meetings during FY 2024 .
- Lead Independent Director: Lianfu Liu; executive sessions of independent directors occur after regularly scheduled quarterly audit committee meetings .
Fixed Compensation
| Fiscal Year | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Option Awards ($) | Other |
|---|---|---|---|---|
| FY ended June 30, 2024 | 18,000 | — | — | Directors reimbursed for travel expenses |
Performance Compensation
| Component | Details |
|---|---|
| Performance-linked director compensation | None disclosed for directors (no equity or non-equity incentive awards shown for directors in FY 2024) |
| Equity plan eligibility | Directors are eligible under the 2023 Equity Incentive Plan, but no director equity awards are reported for Cui Song in FY 2024; unvested awards would vest upon change in control if granted |
Other Directorships & Interlocks
| Area | Disclosure |
|---|---|
| Compensation Committee interlocks | During FY 2024, none of the Compensation Committee members (including Cui Song) were officers/employees of the company or had >$120,000 related transactions; no cross-committee interlocks with other entities’ executives/directors |
Expertise & Qualifications
- Marketing and regional operations experience; entrepreneurship in consumer amusement brand creation .
- Journalism and communications degree—useful for stakeholder communication and brand oversight .
- Governance roles across Audit, Compensation, Nominating provide broad oversight exposure .
Equity Ownership
| Holder | Shares Beneficially Owned | Percent of Class | Notes |
|---|---|---|---|
| Cui Song (Director) | 0 | —* | Outstanding shares: 16,116,914 as of April 29, 2025 |
Proxy denotes “—” as less than 1% .
- Vested vs. unvested shares: Not applicable; no holdings disclosed .
- Options: No options disclosed for Cui Song .
- Pledging/hedging: Company Insider Trading Compliance Policy prohibits hedging transactions; pledging not expressly permitted under policy language; directors are restricted from trading while in possession of MNPI .
Governance Assessment
- Board effectiveness: Cui Song’s service on all three key committees enhances breadth of oversight, though she does not hold chair roles (leadership concentrated with Cai/Lu/Liu) .
- Independence and attendance: She is NYSE/SEC independent and met the Board’s ≥75% attendance guideline—positive indicators for engagement .
- Alignment: Cash-only director compensation ($18,000) with zero share ownership suggests low equity alignment; absence of disclosed director equity grants in FY 2024 further reduces direct shareholder alignment signals .
- Oversight environment: Presence of a Lead Independent Director and regular executive sessions supports independent oversight despite combined CEO/Chair structure .
- Related-party exposure: Company discloses significant related-party loans/advances and leases involving the CEO; Compensation Committee interlocks disclosure indicates no >$120,000 transactions involving committee members (including Cui Song), mitigating direct conflict exposure for her .
- Dilution/compensation structure signal: Board seeks to expand the 2023 Plan by 3 million shares (to 5.7 million), citing full utilization of current 2.7 million—material potential dilution (~18.6% of ~16 million shares) and expanded equity capacity; while not director-specific, it affects overall incentive structure and shareholder dilution considerations .
RED FLAGS
- Zero share ownership and no equity awards disclosed for Cui Song in FY 2024—low “skin-in-the-game” alignment relative to best-practice governance norms .
- Company-level related-party transactions with CEO-controlled entities present governance risk context (though none disclosed for Cui Song); continued monitoring warranted .
Monitoring Items
- Future proxy cycles: Watch for any director equity grants to Cui Song, ownership guideline adoption, or changes in committee leadership .
- Equity plan usage: Track post-approval grant distributions under the expanded 2023 Plan and any director participation .