Ting (Alina) Ouyang

About Ting (Alina) Ouyang

Ting (Alina) Ouyang is 40 and has served as Future FinTech’s Chief Financial Officer and a member of the Board since June 26, 2025, following her appointment by the Board to fill a vacancy; she previously served as the company’s Financial Controller (Dec 2023–Jun 2025), Internal Control Manager (Sep 2020–Dec 2023), and was CFO of Wealth Index Capital Group (Mar 2016–Sep 2020) . She is a U.S. Certified Management Accountant (CMA) and is described as proficient in financial disclosures, ESG reporting, investor relations, and cross‑border M&A, fluent in English and Mandarin . As CFO, she holds a dual role on the Board; while one proxy section labels her “Independent Director,” the same proxy separately identifies the company’s independent directors as David Xu, Mingyong Hu, and Mingjie Zhao, implying Ouyang (as CFO) is not treated as independent under NASDAQ rules .

Past Roles

External Roles

Fixed Compensation

• No salary, target bonus, or cash compensation for Ouyang has been disclosed in 8‑K appointments or the latest proxies to date; the June 26, 2025 8‑K announcing her CFO appointment did not include an employment agreement or pay terms .

Performance Compensation

• No Ouyang‑specific stock awards, options, vesting schedules, or performance payout details are disclosed to date; the 2024 and 2025 Omnibus Equity Plans are in place and permit grants of options, SARs, restricted stock, unrestricted stock, and RSUs, with potential performance‑based awards tied to measures such as EBITDA, net income, revenues, stock price, TSR, ROE, cash flow, and working capital .

Equity Ownership & Alignment

Employment Terms

• Appointment: Ouyang was appointed CFO and Director effective June 26, 2025; the company disclosed no arrangements or understandings, no family relationships, and no related‑party transactions involving Ouyang in the appointment 8‑K .
• Severance, change‑of‑control, non‑compete, clawbacks, and other contract economics: Not disclosed for Ouyang to date; no employment agreement was filed with her appointment .
• Company‑level change‑of‑control context: In August 2025, FTFT sought shareholder approval for (i) a 600,000,000 authorized share increase, (ii) conversions under the Streeterville note that could exceed 20% and constitute a Nasdaq “change‑of‑control,” (iii) a 15,000,000‑share offshore financing expected to lead to a control position by Wealth Index Capital Limited (~48.8%), and (iv) a Reg D pre‑paid financing facility—all of which influence corporate control and financing flexibility .

Board Governance

• Board service history: Ouyang has served on FTFT’s Board since June 26, 2025 .
• Committee roles: Current Audit and Compensation Committee membership and chair roles are held by independent directors (Audit: Chair—Mingyong Hu; members—David Xu, Mingjie Zhao; Compensation: Chair—Mingjie Zhao; members—Mingyong Hu, David Xu); Ouyang is not listed as a member of these committees .
• Independence: The proxy identifies independent directors as David Xu, Mingyong Hu, and Mingjie Zhao; Ouyang, as CFO, is not included in the independent director list, signaling non‑independence despite a separate bio line labelling “Independent Director” .
• Board attendance: For FY2024, all directors attended Board/committee meetings; Ouyang joined the Board in June 2025, so 2024 attendance is not applicable to her .
• Lead Independent/Chair: David Xu serves as Chairman and is an independent director .

Director Compensation

• No director compensation is disclosed for Ouyang yet. The FY2024 director fee table predates her board service (lists other directors only) .

Related Party Transactions

• No related party transactions involving Ouyang are disclosed. 2024 related party items include consultancy fees to JKNDC Limited and Nice Talent Partner Limited, minor advances/receivables with other executives, but none reference Ouyang .

Performance & Track Record

• Company context around her appointment: The prior CFO resigned on June 25, 2025; Ouyang was appointed CFO and Director the next day during a period of legal settlement (Section 3(a)(10) share issuance to settle judgments) and pending financing/control proposals, indicating a transitional finance leadership environment .
• Bio highlights: Ouyang’s experience spans financial disclosures, ESG reporting, investor relations and cross‑border financing/M&A—skills pertinent to navigating equity financing and control transactions disclosed in 2025 .

Compensation Structure Analysis

• Year‑over‑year cash vs equity mix: Not disclosed for Ouyang .
• Company plan features: The 2024/2025 Omnibus Plans enable equity awards (options/SARs/RSUs/restricted/unrestricted stock) with ability to use performance goals (e.g., EBITDA, revenues, stock price/TSR) and permit accelerated vesting in reorganizations—key structural levers for aligning incentives in turnaround/financing cycles .
• Repricing: Plans explicitly prohibit option/SAR repricing without shareholder approval .

Equity Ownership & Alignment (Company‑Level Plan Context)

• Plan capacity: 2024 Plan authorized 5,000,000 shares; was fully granted by March 10, 2025 (e.g., 300,000 shares to CEO Hu Li), while the 2025 Plan seeks another 5,000,000 capacity; Ouyang is not specifically listed among named recipients in disclosures to date .
• Ownership concentration: 2025 special meeting materials indicate WICL would hold ~48.8% post‑financing, significantly concentrating voting power .
• Ouyang ownership: 0 shares at the July 2, 2025 record date, suggesting no near‑term insider selling pressure from her holdings .

Risk Indicators & Red Flags

• Executive turnover: CFO Ming Yi resigned June 25, 2025; Ouyang appointed June 26, 2025—rapid succession may pose execution/transition risk in finance .
• Financing/dilution: Proposals to authorize a 100x increase in authorized shares, a 15,000,000‑share offshore issuance, and a variable‑price pre‑paid facility (82% of lowest 10‑day VWAP) point to significant dilution risk and potential price pressure—relevant to incentive calibration and investor signaling .
• Legal/settlement context: June 2025 Section 3(a)(10) settlement involved share issuance to resolve ~$10.2M in judgments, reinforcing a period of balance sheet/legal clean‑up .
• Independence/governance: CFO+Director dual role limits independence; committees remain led by independent directors, partially mitigating governance risks .

Investment Implications

• Alignment: Ouyang currently reports 0 share ownership (0.0%), limiting near‑term selling pressure but also reducing “skin‑in‑the‑game”; absence of disclosed ownership guidelines or equity grants to her weakens direct alignment signals for now .
• Retention/contract economics: No disclosed employment agreement, severance, change‑of‑control, or clawback terms for Ouyang—investors lack visibility into retention mechanics and downside protections .
• Governance: CFO serving on the Board while not identified as independent aligns with the proxy’s independence list; oversight is anchored in independent Audit/Compensation Committees, but CFO‑Director dual role warrants monitoring for potential influence on committee decisions .
• Trading signals: The 2025 financing and control proposals (authorized share increase, offshore equity financing, Streeterville conversion, pre‑paid facility) create material dilution/control dynamics; Ouyang’s background in disclosures/financing is aligned with executing these complex transactions, but equity investor outcomes hinge on pricing/structure and subsequent value creation .