Hui Liang Wong
About Hui Liang Wong
Independent Class II director at Globalink Investment Inc. (GLLI); age 42; term runs through the 2028 annual meeting. Background in project management and IT service management; Bachelor of Information Technology (Management), University of Malaya (2006); Foundation Certificate in IT Service Management (2007) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Seedset Sdn. Bhd. (Malaysia) | Executive Director | Since May 2018 | Project management leadership |
| Adansys Consulting Sdn Bhd (formerly Avoras Malaysia Sdn Bhd) | Executive Director | Since Nov 2020 | IT services operations oversight |
External Roles
| Organization | Public/Private | Role | Since | Notes |
|---|---|---|---|---|
| Seedset Sdn. Bhd. | Private (Malaysia) | Executive Director | May 2018 | Consulting firm |
| Adansys Consulting Sdn Bhd | Private (Malaysia) | Executive Director | Nov 2020 | IT services company |
Board Governance
- Board classification and tenure: Class II director; term expires at the 2028 meeting .
- Independence: Determined independent under Nasdaq and SEC rules .
- Committees:
- Audit Committee: Member; committee chaired by independent director Kian Huat Lai .
- Compensation Committee: Chair; all members independent .
- Nominating/Governance: No standing committee; independent directors (including Wong) recommend nominees per Nasdaq Rule 5605(e) .
- Attendance and engagement:
- Board meetings: 21 (2023) and 20 (2024); no director attended fewer than 75% of board/committee meetings in those years .
- Audit Committee meetings: 4 (2023) and 4 (2024) .
- Compensation Committee meetings: none in 2023 and none in 2024 .
Fixed Compensation (Director)
| Component | 2023 | 2024 | Notes |
|---|---|---|---|
| Annual cash retainer | $0 | $0 | Company states no compensation or fees paid to insiders (including directors) before the initial business combination . |
| Committee membership fees | $0 | $0 | No pre-business-combination director fees . |
| Committee chair fees | $0 | $0 | No pre-business-combination director fees . |
| Meeting fees | $0 | $0 | No pre-business-combination director fees . |
| Administrative services (Sponsor) | $10,000/month (to Sponsor; terminated Sept 30, 2023) | $0 | Admin fee to Sponsor (not director pay); agreement terminated Sept 30, 2023 . |
Equity arrangements at IPO: Sponsor transferred 5,000 “insider shares” to each independent director at original purchase price (Oct 14, 2021) .
Performance Compensation
| Performance metrics tied to director compensation | 2023 | 2024 |
|---|---|---|
| None disclosed for directors (no at-risk pay pre-business combination) | N/A | N/A |
Other Directorships & Interlocks
| Company | Market | Role | Interlock/Conflict Notes |
|---|---|---|---|
| None disclosed as public company directorships | — | — | No public board interlocks disclosed; Wong’s roles are in Malaysian private companies . |
Expertise & Qualifications
- Project management and IT service management credentials (University of Malaya; Foundation Certificate in ITSM) .
- Governance experience as chair of the Compensation Committee and member of the Audit Committee at GLLI .
Equity Ownership
| Holder | Shares Beneficially Owned | Ownership % of Outstanding | 2024 Reference | 2025 Reference |
|---|---|---|---|---|
| Hui Liang Wong | 5,000 | <1% | 6,007,567 shares outstanding; <1% for Wong | 3,722,511 shares outstanding; <1% for Wong |
| GL Sponsor LLC | 2,835,000 | 47.19% (2024); 76.16% (2025) | 47.19% | 76.16% |
| Public Gold Marketing Sdn Bhd (PGM) | 570,000 | —; 15.31% (2025) | — | 15.31% |
Founder/insider share transfers: 5,000 insider shares were transferred to each independent director at the original purchase price at IPO .
Pledging/hedging: No pledging or hedging disclosures specific to Wong in the proxy statements .
Related-Party Transactions and Potential Conflicts
| Date/Counterparty | Instrument | Amount | Terms | Notes |
|---|---|---|---|---|
| Admin services (GL Sponsor LLC) | Services agreement | $10,000/month | Terminated Sept 30, 2023; unpaid accrual payable at business combination | Sponsor services; not director compensation . |
| PGM (Private investor) | Private units purchased at IPO | $5,700,000 | 570,000 private units at $10.00 | Lock-up until business combination completion . |
| PGM (working capital) | Promissory notes (2023–2024) | $3.34M outstanding (Mar 31, 2024) | 6% interest; payable at business combination | Multiple notes ($250k–$700k tranches) . |
| PGM (aggregate, 2025 proxy) | Promissory notes | ~$4.4M aggregate | Portion convertible to PubCo shares; $2M due within 60 days post-closing, remainder converts at $10/share | Heightened conflict risk; sponsor affiliate financing . |
| Extension loans (Sponsor/PGM) | Trust extension deposits | $60,000 per month (Dec 2024–Jun 2025) | Non-interest bearing; repayable at business combination | 2024 extension program . |
| Extension loans (Sponsor/PGM) | Trust extension deposits | $41,626.65 per month (Jun–Dec 2025) | Non-interest bearing; repayable at business combination | 2025 extension program . |
SPAC structural conflicts: Sponsor, directors and officers hold Founder Shares purchased for $25,000 aggregate; may realize positive returns even if public shareholders do not; all such investments go to zero if no business combination .
Governance Assessment
- Board independence and committee leadership: Wong is independent and chairs Compensation Committee, with independent Audit Committee membership—positive for governance structure .
- Attendance: Board and committee activity is robust (20–21 board meetings; 4 audit meetings annually) with >75% attendance—positive .
- Compensation oversight: Compensation Committee held no meetings in 2023–2024 (pre-business combination), limiting active oversight—neutral/soft spot .
- Ownership alignment: Wong holds 5,000 insider shares (<1%); alignment is modest versus heavy Sponsor control (47% in 2024 rising to 76% in 2025 after redemptions)—risk of Sponsor dominance over board/shareholder outcomes .
- RED FLAGS:
- Sponsor control and financing: Sponsor/affiliate PGM promissory notes and extension loans embed incentives to complete a deal; Sponsor/insiders’ Founder Shares cost basis ($25k) can bias toward closing at any terms .
- Listing risk: Nasdaq delisting occurred Dec 17, 2024; securities now OTC Pink, impairing liquidity and potentially deal attractiveness .
- Concentrated voting control: Sponsor, directors, officers, and PGM held ~92.28% of shares as of May 2025, effectively determining outcomes; minority shareholder influence is limited .
- Related-party safeguards: Audit Committee must approve related-party transactions; Code of Ethics and policies restrict affiliated business combination without fairness opinion and independent director approval—positive controls .
Implication for investors: Wong’s independence and committee leadership are positives, but Sponsor’s dominant voting power, financing ties, and delisting increase governance risk and potential conflicts around business combination timing/terms .