Eng Ho Ng
About Eng Ho Ng
Eng Ho Ng (age 70) has served as an independent director of FingerMotion, Inc. since December 11, 2020. He holds a Bachelor of Science (Telecomm System Engineering) (Honours) from the Royal Military College of Science, UK (1977). His background includes senior leadership roles across telecom and technology in Asia, and he currently serves as non-executive Chairman of ZWEEC Analytics (Singapore) and as an independent director of TNG Fintech Group (Hong Kong) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| ST Technologies Telemedia Pte Ltd (Temasek subsidiary) | Executive Vice President (Operations) | Not disclosed | Led operations at Singapore sovereign-linked telecom portfolio company |
| PT Indosat Tbk (ST Telemedia’s Indonesian subsidiary) | Deputy President Director | Not disclosed | Senior leadership at major Indonesian telecom operator |
| Keppel Telecommunications & Transportation Ltd. | Managing Director | Not disclosed | Led listed Singapore telecom/transport company following various posts at Keppel T&T |
| Singapore Armed Forces | Career Officer | Not disclosed | Military/engineering discipline background |
| Alvarion Ltd. | Director (prior) | Not disclosed | Prior board experience at telecom equipment company |
| Mencast Holdings Ltd. | Independent Director (prior) | Not disclosed | Prior public-company board experience (Singapore) |
External Roles
| Organization | Role | Location | Notes |
|---|---|---|---|
| ZWEEC Analytics Pte Ltd. | Non-executive Chairman | Singapore | Current role |
| TNG Fintech Group | Independent Board Director | Hong Kong | Current role; company type not disclosed in proxy |
Board Governance
- Independence: Determined independent under Nasdaq standards; one of three current non-executive independent directors (with H.L. Wong and Y.P. Leong). Nominee T.S. Low also independent . In 2024, board independence included Wong, Leong, Chan, and Ng .
- Attendance: Board met three times in fiscal 2024; no director attended fewer than 100% of meetings. Same 100% attendance in fiscal 2023 .
- Committee assignments (current):
- Audit Committee: Member; Chair—Yew Poh Leong; financial expert—Yew Poh Leong; Charter adopted Dec 15, 2021 .
- Nominating & Corporate Governance Committee: Member; Chair—Yew Poh Leong; Charter adopted Dec 15, 2021 .
- Compensation Committee: Member; Chair—Yew Poh Leong; Charter adopted Dec 15, 2021 .
- Risk & Information Security Committee: Member; Chair—Yew Poh Leong; Charter adopted May 22, 2024 .
- Committee composition change: Michael Chan resigned from Board on Nov 29, 2024; Audit Committee membership updated accordingly .
- Policies supporting governance: Code of Business Conduct (Dec 15, 2021) ; Securities Trading & Reporting Guidelines (Dec 15, 2021) ; Anti-Hedging & Anti-Pledging Policy (Dec 15, 2021) ; Clawback Policy (Nov 17, 2023) .
Fixed Compensation
| Component | FY 2023 (year ended Feb 28, 2023) | FY 2024 (year ended Feb 29, 2024) |
|---|---|---|
| Monthly Cash Retainer | $2,000 | $2,000 |
| Annual Director Fees (cash) | $24,000 | $24,000 |
| Committee/Chair Fees | Not disclosed | Not disclosed |
| Meeting Fees | Not disclosed | Not disclosed |
Performance Compensation
| Item | Detail | Date/Term |
|---|---|---|
| Director stock options held (total) | 63,000 options (aggregate held by Eng Ho Ng as at FY-end) | As of Feb 29, 2024 |
| Options exercisable within 60 days (beneficial ownership count) | 37,800 options (as of Jan 8, 2024) | Beneficial ownership record date Jan 8, 2024 |
| Options exercisable within 60 days (beneficial ownership count) | 50,400 options (as of Jan 30, 2025) | Beneficial ownership record date Jan 30, 2025 |
| Exercise price change (Company-wide outstanding options) | Amended from $8.00 to $3.84 by shareholder approval | Feb 17, 2023 |
| Vesting schedule & performance metrics | Not disclosed for directors | — |
Note: The proxy does not disclose director-specific vesting schedules or any performance metrics tied to director equity; the equity program is under the 2023 Stock Incentive Plan, and awards have historically been time-based with no disclosed performance hurdles for directors .
Other Directorships & Interlocks
| Company | Role | Public/Private | Interlock with FNGR ecosystem |
|---|---|---|---|
| Mencast Holdings Ltd. | Independent Director (prior) | Public (Singapore) | None disclosed in proxy |
| Alvarion Ltd. | Director (prior) | Public (prior, Israel) | None disclosed in proxy |
| TNG Fintech Group | Independent Board Director (current) | Not disclosed | None disclosed in proxy |
| ZWEEC Analytics Pte Ltd. | Non-executive Chairman (current) | Private | None disclosed in proxy |
- Related party transactions: The company reports no material related party transactions involving directors/officers (current or proposed) and notes board review of any proposed related party transactions .
- Conflicts: Company states no known existing/potential conflicts beyond ordinary outside roles; acknowledges that serving as directors/officers of other companies can create potential conflicts, to be monitored .
Expertise & Qualifications
- Telecom operations and executive leadership across Temasek-linked ST Telemedia and PT Indosat Tbk; Managing Director experience at Keppel T&T .
- Technology and cybersecurity oversight experience supported by membership on Risk & Information Security Committee overseeing cyber, ERM, and internal audit planning .
- Engineering education aligned with telecom systems; military discipline and operational rigor from Singapore Armed Forces career officer background .
Equity Ownership
| Measurement Date | Common Shares (Direct) | Options Exercisable ≤60 Days | Total Director Options Held | Ownership % |
|---|---|---|---|---|
| Jan 8, 2024 | Not disclosed | 37,800 | 63,000 (as of Feb 28, 2023 FY-end) | <1% |
| Jan 30, 2025 | Not disclosed | 50,400 | 63,000 (as of Feb 29, 2024 FY-end) | <1% |
- Anti-hedging/pledging: Company prohibits hedging and pledging of Company stock absent N&CG Committee approval .
- Section 16 compliance: Only Y.P. Leong reported late Form 4s in Fiscal 2024; no exceptions listed for Eng Ho Ng (implying timely filings) .
Governance Assessment
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Strengths
- Independent director with 100% attendance in FY 2024 and FY 2023; strong engagement across all major board committees (Audit, Compensation, N&CG, RIS) .
- Robust governance frameworks: Code of Conduct, Trading Guidelines, Anti-Hedging/Pledging, and a Nasdaq-compliant Clawback Policy; adds RIS Committee oversight of cyber and enterprise risk (May 2024) .
- No related-party transactions or disclosed conflicts involving the director; Section 16 reporting appears timely for him .
-
Weaknesses / Watch Items
- Option repricing: Shareholders approved a reduction of outstanding option exercise prices from $8.00 to $3.84 (Feb 17, 2023). Repricing of underwater options is commonly viewed as a governance red flag, potentially weakening pay-for-performance alignment if broadly applied to directors and executives .
- Committee chair concentration: All four committees chaired by one director (Y.P. Leong), with Ng serving as member across each; centralization of chair roles may raise effectiveness concerns around checks/balances and workload distribution .
- Ownership alignment: Beneficial ownership consists of options only (no disclosed direct common share ownership), and stake is <1%. While option holdings provide upside alignment, lack of direct share ownership can be perceived as weaker “skin-in-the-game” .
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Implications for investor confidence
- Ng’s deep telecom/technology leadership and consistent attendance underpin board effectiveness. However, 2023 option repricing and concentration of committee chairs merit monitoring of compensation governance rigor and board balance. Absence of director-specific performance conditions or disclosed equity vesting metrics reduces transparency into pay-for-performance alignment for directors .