Dapeng Ma
About Dapeng Ma
Dapeng Ma, age 46, is President and Chairman of the Board of GlideLogic Corp (GDLG) and has served since May 23, 2023, following the company’s change of control to Star Success Business LLC (SSB). He holds a Bachelor of Arts from Tianjin University of Technology and has deep entertainment marketing/AI experience through Propaganda GEM and Movie & Fashion Media/Wanda Media roles . Under his tenure, GDLG reported revenues of $33,563 in FY2025 vs $30,000 in FY2024 and net losses of $27,436 vs $22,124; the auditor issued a going-concern opinion highlighting funding needs, and management uplisted the stock from OTC Pink to OTCQB in April 2025 to improve market access .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Movie & Fashion Media (Beijing) Co., Ltd. (China Movie Media Group) | Co-founder; Board Director; COO | Not disclosed | Senior operating role in Chinese entertainment marketing media; platform later tied to Wanda Media |
| Wanda Cinema Line Media/Wanda Media | COO; SVP | Not disclosed | Post-acquisition operating leadership after 2015 purchase and rebrand to Wanda Cinema Line Media (2016) and Wanda Media (2017) |
| Propaganda GEM Inc. (U.S.) | Chief Operating Officer | 2018–present | Led hundreds of Hollywood entertainment marketing projects with major studios (Marvel, Disney, Warner, Fox, Paramount, Sony) |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Propaganda GEM Inc. | COO | 2018–present | Execution capability and network in entertainment marketing; data assets feeding GDLG’s AI initiatives |
| Streamline USA Inc. | Co-founder (with Yitian Xue) | 2019–present | Related-party ties; source of consulting barter and financing interactions with GDLG |
Fixed Compensation
| Element | FY 2024 | FY 2025 |
|---|---|---|
| Base Salary ($) | -0- | -0- |
| Target Bonus (%) | Not disclosed | Not disclosed |
| Actual Bonus ($) | -0- | -0- |
| Perquisites | Not disclosed | Not disclosed |
| Pension/SERP | Not disclosed | Not disclosed |
The proxy also states no executive or director received cash or equity compensation for FY2025 .
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| None (no performance plan disclosed) | — | — | — | — | — |
No stock option/RSU/PSU programs or equity compensation plans are adopted; company states “We have no equity compensation or stock option plans” .
Equity Ownership & Alignment
| Holder | Shares | % of Class | Ownership Type | Notes |
|---|---|---|---|---|
| Star Success Business, LLC (SSB) | 50,000,000 | 75.08% | Control entity | 100% owned by Ma & Xue; controls GDLG |
| Dapeng Ma (indirect via SSB) | 25,000,000 | 37.54% | Indirect beneficial | Reported in 10-K beneficial ownership table |
| Shares Outstanding | 66,599,350 | — | — | As of Apr 25, 2025 |
- Pledging/Hedging: No pledging or hedging disclosures identified .
- Options/RSUs: None; no exercisable/unexercisable options or unvested equity awards disclosed .
- Ownership guidelines: None disclosed .
- Share overhang: Company filed S-8 for 2,000,000 “service shares”; 5,600 bonus shares were issued to 28 individuals in Nov–Dec 2024, cost basis $4,756 .
Employment Terms
| Item | Detail |
|---|---|
| Employment start date | May 23, 2023 (appointed President & Chairman upon change of control) |
| Employment agreement | None; the company is not party to any employment or compensation agreement with officers/directors |
| Severance; Change-of-control | Not disclosed |
| Clawbacks; Tax gross-ups | Not disclosed |
| Non-compete/Non-solicit/Garden leave | Not disclosed |
| Loans to Company (alignment signal) | Ma loaned a total of $9,500 in FY2025; $5,000 remained outstanding at FY-end; subsequent loans of $2,000 (Feb 12, 2025) and $200 (Apr 22, 2025) increased Ma loan payable to $7,200 |
| Loan terms (Feb 1, 2025 amendments) | All related-party loans extended to Jan 31, 2026; interest-free until Jan 31, 2026; 3% simple interest thereafter |
Board Governance and Director Service
- Board service history: Ma has served as President and Chairman since May 23, 2023; re-nominated for election in September 2025 proxy .
- Board composition: Two-member board (Ma and Xue); neither qualifies as independent under NASDAQ independence definitions; board size minimum one per bylaws .
- Committees: No standing Audit Committee; board acts in audit capacity and lacks independent “financial expert”; documented material weaknesses in internal control and disclosure controls .
- Compensation/Nominating committees: Not disclosed; no director compensation paid in FY2024–FY2025 .
- Meeting attendance; executive sessions; Lead Independent Director: Not disclosed .
Director Compensation
| Element | FY 2024 | FY 2025 |
|---|---|---|
| Fees Earned/Paid in Cash ($) | -0- | -0- |
| Stock Awards ($) | -0- | -0- |
| Option Awards ($) | -0- | -0- |
| Other | -0- | -0- |
Related-Party Transactions (Alignment and Conflicts)
| Party | Transaction | Amount | Terms/Status |
|---|---|---|---|
| SSB (parent; owned by Ma & Xue) | Intercompany loan to GDLG | $5,000 | Interest-free through Jan 31, 2026 per Feb 1, 2025 amendments; outstanding at FY2025 |
| Dapeng Ma | Loans to GDLG | $9,500 total in FY2025; $5,000 outstanding at FY-end; subsequent $2,200 increased payable to $7,200 | 3% simple interest begins Feb 1, 2026; interest-free until then |
| Yitian Xue | Loans to GDLG | $17,132 outstanding at FY-end; subsequent activity increased payable to $48,507 | Interest-free until Jan 31, 2026; 3% thereafter |
| Streamline USA Inc. (related co-founded by Ma & Xue) | Loans; nonmonetary consulting exchange | $12,671 loan in FY2025 fully repaid; prior $30,000 consulting barter offset receivable | Interest-free until Jan 31, 2026; current balance $0; subsequent $700 loan in Feb–Mar 2025 |
Performance & Track Record
- Business results: Revenues of $33,563 (FY2025) vs $30,000 (FY2024); net losses of $27,436 (FY2025) vs $22,124 (FY2024); accumulated deficit $103,863; cash $2,107; current liabilities $37,534; equity deficit $(32,514) .
- Capital markets: Uplisted to OTCQB on April 16, 2025 (from OTC Pink), expected to enhance visibility and liquidity .
- Legal proceedings: None disclosed; auditor tenure since 2021, fees $26,114 in FY2025 .
- Control & operations: Company identifies only two employees (Ma and Xue); no insurance maintained .
Compensation Structure Analysis (Signals)
- No cash or equity compensation to executives/directors in FY2024–FY2025; no equity plans; suggests extreme cash conservation and reliance on shareholder/officer loans rather than pay-for-performance alignment mechanisms .
- No performance metrics, targets, or payout frameworks disclosed (TSR, revenue/EBITDA targets, ESG) .
- Stock-based compensation via S-8 “service shares” targeted to non-executive recipients (5,600 issued) may create modest overhang but not executive alignment .
- Governance constraints: No independent directors; board acts as audit committee; documented material weaknesses .
Risk Indicators & Red Flags
- Going concern; need ~$50,000 to operate; negative equity; reliance on insider loans .
- Material weaknesses in internal control; no audit committee; limited segregation of duties; insufficient IT controls .
- High ownership concentration (SSB 75.08%; Ma indirect 37.54%) may reduce minority protection; independence issues (dual roles of President/Chair; two non-independent directors) .
- No insurance coverage disclosed; only two employees; execution capacity risk .
- Extensive related-party transactions and financing with entities controlled by Ma/Xue (SSB, Streamline, personal loans) .
Say-on-Pay & Shareholder Feedback
- No say-on-pay history disclosed; no director or executive compensation paid; no shareholder proposals disclosed .
Expertise & Qualifications
- Education: BA, Tianjin University of Technology .
- Domain expertise: Entertainment marketing operations (Propaganda GEM; Wanda Media) and AI applications for marketing; principal controllers awarded a patent for customized NFTs in early 2024, supporting blockchain/Web3 ambitions .
- Promoter status: Ma is deemed a promoter due to roles in acquiring control and organizing operations .
Work History & Career Trajectory
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| GlideLogic Corp. | President; Chairman | Since May 23, 2023 | Appointed at change of control to SSB |
| Propaganda GEM Inc. | COO | 2018–present | Led numerous Hollywood marketing engagements |
| Movie & Fashion Media / Wanda Media | COO; SVP | Not disclosed | Senior leadership during/after acquisitions 2015–2017 |
Compensation Committee Analysis
- Committee composition: Not disclosed; board acts as audit committee; no independent director; no named compensation consultant; no compensation peer group or benchmarking disclosed .
Investment Implications
- Alignment: Ma’s 37.54% indirect stake via SSB provides strong economic alignment; however, absence of formal pay-for-performance mechanisms (no salary/bonus/equity plans) makes incentive calibration opaque .
- Governance risk is high: two non-independent directors, no audit committee, material weaknesses in controls, going-concern and negative equity; concentration of control may limit minority protections .
- Liquidity/capital pathway: OTCQB uplisting plus insider financing indicates intent to improve marketability and maintain operations; but continued reliance on insider loans and minimal cash balance constrain growth and raise execution risk .
- Trading signals: No vesting calendars or option overhang to drive predictable insider selling pressure; monitor related-party loan amendments, additional S-8 issuances, and any future equity compensation adoption for potential dilution or alignment shifts .