Jinjun Lu
About Jinjun Lu
Independent director at Enlightify Inc. (ENFY), age 52, serving since 2017; chairs the Compensation Committee and serves on the Audit and Nominating Committees . Background as a multi-industry entrepreneur: co-founder of Shaanxi Jinfenghui Technology Co. Ltd. (mobile device manufacturing) since 2014, with prior founding/executive roles in engineering and apparel distribution; brings strategic management, marketing/sales, and technology experience to the board . He is classified as an independent director under NYSE rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Xinjiang Yongan Engineering Co. Ltd. | Founder | Founded in 1998 | Built and led engineering enterprise in Xinjiang; entrepreneurial execution across operations and growth |
| Li-Ning apparel distribution (Henan Province) | Regional distributor | 1990s | Grew into largest wholesale venture for the brand in region; marketing and sales execution |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Shaanxi Jinfenghui Technology Co. Ltd. | Co-founder; oversees growth plans, capex budgeting, fundraising, marketing | 2014–Present | Leadership in capex planning, investment sourcing, and go-to-market for mobile terminal devices |
Board Governance
- Committees: Chair, Compensation Committee; Member, Audit Committee; Member, Nominating Committee .
- Independence: Board identifies Lu as independent per NYSE standards; Audit Committee members (including Lu) deemed independent under NYSE and SEC Rule 10A-3 .
- Lead independent director: Lianfu Liu; executive sessions of independent directors occur after quarterly Audit Committee meetings .
- Meetings and attendance: Board held eight meetings (telephone) and approved eight written consents in FY ended June 30, 2024; each incumbent director attended at least 75% of Board and applicable committee meetings . Audit Committee met 4 times; Compensation Committee met 1 time; Nominating Committee met 2 times in FY2024 .
Fixed Compensation
| Metric | FY 2024 |
|---|---|
| Fees Earned or Paid in Cash ($) | $18,000 |
| Stock awards ($) | — |
| Option awards ($) | — |
| Total ($) | $18,000 |
- Directors are reimbursed for out-of-pocket expenses related to Board and committee meeting attendance .
Performance Compensation
- No equity grants, option awards, or non-equity incentive compensation disclosed for Lu in FY2024; no outstanding equity awards at fiscal year-end; no option exercises/stock vested during FY2024 .
Other Directorships & Interlocks
- Other public company boards: None disclosed for Lu .
- Compensation Committee interlocks: Committee members (including Lu) had no officer roles, no material related-party transactions >$120,000, and no reciprocal committee/director interlocks with other entities in FY2024 .
Expertise & Qualifications
- Entrepreneur across engineering and consumer sectors; co-founded and scaled mobile device manufacturing; experience in strategic management, marketing/sales, technology; capital expenditure planning and investment sourcing .
Equity Ownership
| Metric | As of Apr 29, 2025 |
|---|---|
| Beneficial ownership (shares) | 0 |
| Ownership % of class | <1% |
- Vested/unvested shares, options, pledging/hedging: Not disclosed for Lu; Section 16(a) filings for FY2023 were in compliance for directors/10% holders as reviewed by the Company .
Governance Assessment
- Strengths: Independent status; chairs Compensation Committee; participates on Audit and Nominating; Board uses executive sessions and has designated lead independent director; documented charters and governance frameworks (Code of Ethics, Related Party Transactions Policy, Corporate Governance Guidelines) .
- Alignment concerns: Lu reported zero share ownership as of the record date, with no director equity awards disclosed—limited “skin-in-the-game” for a committee chair overseeing pay . Compensation Committee met only once in FY2024, which may signal lower oversight cadence relative to best practices, though meeting quality is not disclosed .
- Conflicts: No disclosed related-party transactions involving Lu; Company does disclose sizeable related-party borrowings and advances tied to the CEO and affiliates—while not connected to Lu, such balances elevate overall governance risk context .
- Attendance/engagement: Board and committees met through FY2024, and each director met the ≥75% attendance threshold; ongoing telephone meetings and written consents indicate active governance processes .
RED FLAGS
- Zero beneficial ownership for a Compensation Committee chair—potential misalignment with shareholder interests .
- Compensation Committee met only once in FY2024—may be insufficient for robust pay oversight depending on workload .
- Broader company related-party exposures (CEO-linked loans/leases) heighten governance risk context (not implicated to Lu personally) .