Yitian Xue
About Yitian Xue
Yitian Xue (age 47) is CEO, CFO, Treasurer, Secretary, and a Director of Glidelogic Corp. (GDLG) since May 23, 2023; he holds a Computer Science & Applications degree from Shanghai Jiao Tong University and has extensive IT and fintech experience . During his tenure, Glidelogic reported FY 2025 revenue of $33,563 vs $30,000 in FY 2024 (+11.9% YoY) and a net loss of $27,436 vs $22,124, with a going-concern warning; the company also uplisted to OTCQB on April 16, 2025 .
Company performance (fiscal years end Jan 31)
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Revenue ($) | $30,000 | $33,563 |
| Net Loss ($) | $(22,124) | $(27,436) |
| Auditor/management going-concern disclosure | Going concern noted | Going concern noted |
| OTC market tier | OTC Pink (prior) | OTCQB (uplisted 4/16/2025) |
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Streamline USA Inc. | Co-founder; CTO & Vice President | 2019–present | Oversees software development and IT infrastructure at a creative/marketing agency |
| Tancal Technology, Inc. | Founder | 2013–not disclosed | Built fintech solutions incl. payment gateways, trading strategies, crypto platforms, risk systems |
| EntroSpect Solutions | Project Manager → Director of Development | Not disclosed | Led software development/IT initiatives |
| Shanghai Cellstar International Trading | IT Manager | Not disclosed | Oversaw company IT outsourcing |
External Roles
| Organization | Position | Years | Notes |
|---|---|---|---|
| Streamline USA Inc. | CTO & Vice President | 2019–present | External operating role; supports tech and infrastructure |
| Tancal Technology, Inc. | Founder | 2013–ND | FinTech-focused enterprise founded by Xue |
Fixed Compensation
No cash or equity compensation was paid to Xue (or any executive/director) for FY 2024 or FY 2025; the company reports no employment agreements and no director compensation program . The 2025 proxy likewise states no executive or director compensation for FY 2025 .
| Year | Base Salary ($) | Target Bonus (%) | Actual Bonus ($) | Other Cash ($) |
|---|---|---|---|---|
| 2024 | 0 | Not disclosed | 0 | 0 |
| 2025 | 0 | Not disclosed | 0 | 0 |
Director compensation (fees/equity) was also $0 in FY 2024 and FY 2025 .
Performance Compensation
The company reports no stock awards, option awards, non-equity incentive plans, or bonus plan payouts for Xue in FY 2024 or FY 2025; no equity compensation plans or stock option plans exist .
| Incentive program | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| None disclosed for FY 2024–FY 2025 | — | — | — | — | — | — |
Note: The company filed an S‑8 for 2,000,000 “service shares,” and issued 5,600 bonus shares to 28 individuals in Nov–Dec 2024; Xue is not shown receiving any equity in the NEO table .
Equity Ownership & Alignment
Xue and Dapeng Ma own 100% of controlling shareholder Star Success Business, LLC (“SSB”), which holds 50,000,000 GDLG shares (75.08%); Xue’s indirect beneficial ownership is 25,000,000 shares (37.54%) . The company has no option plans and reports no potentially dilutive instruments; filings do not disclose any share pledging by insiders .
| Holder | Shares Beneficially Owned | % of Outstanding | Ownership vehicle | Options (exercisable/unexercisable) | Pledging |
|---|---|---|---|---|---|
| Star Success Business, LLC (SSB) | 50,000,000 | 75.08% | Parent/controlling stockholder | N/A (no option plans) | Not disclosed in filings reviewed |
| Yitian Xue (indirect via SSB) | 25,000,000 | 37.54% | 50% owner of SSB | None outstanding | Not disclosed in filings reviewed |
Stock ownership guidelines: none disclosed . Vested vs. unvested awards: not applicable (no awards) .
Employment Terms
| Term | Disclosure |
|---|---|
| Start date and current roles | Appointed CEO, CFO, Treasurer, Secretary effective May 23, 2023; also Director |
| Employment agreement | None; the company is not party to any employment agreement |
| Severance / change‑of‑control | Not disclosed in FY 2024–2025 filings; no employment agreements noted |
| Non‑compete / Non‑solicit / Garden leave | Not disclosed |
| Clawback provisions / Tax gross‑ups | Not disclosed |
| Post‑termination arrangements | Not disclosed |
Related-party financing support (alignment and retention signal):
- Loans payable (as of 1/31/2025): $17,132 owed to Xue; $5,000 to Ma; $5,000 to SSB; $0 to Streamline; interest-free through 1/31/2025 per loan agreements/amendments .
- Subsequent events (through Apr 2025): Xue’s advances increased to $48,507; Ma’s to $7,200; all loans extended to 1/31/2026 and remain interest‑free until then .
Board Governance
- Board service: Xue has served as a Director since May 23, 2023 and stood for re‑election at the Sept 22, 2025 annual meeting; he also signs as Chief Executive Officer & Corporate Secretary .
- Board structure/independence: Two‑member board; neither director is independent under NASDAQ standards; the Board acts as the Audit Committee and lacks an independent member .
- Committees/chairs: No standing committees disclosed; Board functions as Audit Committee; no independent financial expert .
- Meeting attendance/Executive sessions/Lead Independent Director: Not disclosed; no independent directors identified .
Director compensation (FY 2024–2025): $0; no director pay program .
Related Party Transactions (governance red flags to monitor)
- Control and ownership: SSB (owned by Xue and Ma) holds 75.08% of outstanding shares; Xue beneficially owns 25,000,000 shares (37.54%) indirectly via SSB .
- Loans and intercompany arrangements: Multiple loans from Xue, Ma, SSB, and Streamline to fund operations; loans were interest‑free through 1/31/2025 and extended interest‑free through 1/31/2026; Streamline (co‑founded by Xue) had non‑monetary exchanges and lending arrangements that were settled before 1/31/2025 .
- Equity issuances for services: Form S‑8 for 2,000,000 service shares; 5,600 bonus shares issued to 28 individuals in Nov–Dec 2024 .
Risk Indicators & Red Flags
- Going‑concern and limited liquidity: Management and auditor cite substantial doubt about continuing as a going concern; Company needs at least ~$50,000 of funding to operate 12 months and relies on related‑party loans .
- Internal control weaknesses: No audit committee; insufficient segregation of duties; inadequate IT controls; disclosure controls deemed ineffective .
- Board independence/governance: Two insiders, no independent directors; Board acts as Audit Committee without independent oversight .
- Concentrated control & related‑party financing: Majority ownership via SSB and extensive insider loans create potential conflicts to monitor .
- Uplisting/trading: Uplisted to OTCQB on April 16, 2025 (liquidity/visibility), but micro‑cap risks persist .
Compensation Structure Analysis
- Cash vs. equity mix: No salary, bonus, or equity compensation reported for Xue in FY 2024–2025; no option plans outstanding .
- Performance linkage: No disclosed incentive metrics (revenue/EBITDA/TSR) tied to pay in FY 2024–2025; no PSU/RSU vesting schedules .
- Dilution/overhang: Form S‑8 registered service shares; however, no awards reported to Xue as NEO in FY 2024–2025 .
- Peer group, say‑on‑pay: No peer group disclosed; no say‑on‑pay proposal in 2025 proxy .
Equity Ownership & Alignment Details
| Item | Detail |
|---|---|
| Total beneficial ownership | 25,000,000 shares (37.54%) indirectly via SSB |
| Ownership structure | SSB holds 50,000,000 shares (75.08%); Xue and Ma are sole owners of SSB |
| Options/awards | No option plans; no dilutive instruments outstanding |
| Pledging | No pledging disclosure in filings reviewed |
| Ownership guidelines | None disclosed |
Employment Terms (Severance/CoC Economics)
- Employment contracts/severance/CoC: None disclosed; company states no employment agreements with officers/directors .
- Triggers (single/double)/accelerated vesting: Not applicable (no equity programs or agreements disclosed) .
Performance & Track Record
- Operating outcomes: FY 2025 revenue $33,563 (vs $30,000); net loss $(27,436) (vs $(22,124)); accumulated deficit $103,863 as of 1/31/2025 .
- Strategic initiatives: AI/FinTech/Web3 business model; TikTok partnership ecosystem contributions to revenue; non‑monetary exchanges with related party; OTCQB uplisting .
- Legal/controversies: No legal proceedings disclosed .
Board Service Snapshot (dual‑role implications)
- Roles: CEO, CFO, Treasurer, Secretary, and Director; Board has two insiders and no independent members; Board functions as Audit Committee .
- Implications: High key‑person and concentration risk; lack of independent oversight and audit committee independence may elevate governance and reporting risk .
Investment Implications
- Alignment vs. pay: Xue draws no salary/bonus and holds 37.54% indirect stake; alignment is primarily through ownership and ongoing insider financing, not performance‑linked pay .
- Governance/controls risk: Absence of independent directors/audit committee and identified control weaknesses raise audit, reporting, and governance risk; monitor remediation .
- Liquidity/capital: Going‑concern risk and dependence on insider loans elevate financing risk; uplisting to OTCQB may help visibility and access but does not resolve funding gap .
- Related‑party complexity: Extensive related‑party transactions (loans, non‑monetary exchanges) require continued scrutiny for conflicts and cash‑flow sustainability .
- Incentive overhang: No option/RSU overhang or vesting‑related selling pressure currently; future service-share issuance programs could introduce dilution; monitor S‑8 usage .