Dongshan Wang
About Dongshan Wang
Dongshan Wang, age 59, is an independent director of Gulf Resources, Inc. (GURE), appointed in late 2023 (noted as appointed October 30, 2023 and serving since November 30, 2023). He is vice president and chief financial officer of the Central China Headquarters of Anliang Holding Group (since April 2018), holds International Certified Public Accountant status and a national Chief Accountant (CFO) qualification, and graduated in financial management from Zhengzhou College of Light Industry in 1988 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Anliang Holding Group, Central China HQ | Vice President & CFO | Since April 2018 | Senior finance leadership; accounting and management expertise |
External Roles
| Organization | Role | Public/Private | Notes |
|---|---|---|---|
| Anliang Holding Group, Central China HQ | Vice President & CFO | Private | Finance executive role since Apr-2018 |
No other public-company directorships disclosed for Wang in the proxy .
Board Governance
- Independence: The Board determined Wang is independent under NASDAQ Rule 5605(a)(2) .
- Board structure: CEO also serves as Chairman; no Lead Independent Director designated. Independent directors plan executive sessions collaboratively .
- Attendance: In 2024, no director attended fewer than 75% of board/committee meetings for which they were a member .
| Committee | Membership | Chair | 2024 Meetings |
|---|---|---|---|
| Audit | Not a member (members: Jiang, Liu, Ma) | Jiang (Audit Committee Financial Expert) | 4 |
| Compensation | Member | Wang | 1 |
| Nominating & Corporate Governance | Member | Jiang | 1 |
| Board of Directors | Director | Chair of Board is CEO (Liu) | 4 |
Fixed Compensation (Director)
| Component | Amount (FY2024) | Notes |
|---|---|---|
| Annual cash retainer | $0 | Company states no cash compensation to independent directors |
| Committee membership fees | $0 | No cash; equity-only structure |
| Committee chair fees | $0 | Not disclosed; narrative indicates no cash comp for independent directors |
| Meeting fees | $0 | Not disclosed; independent directors compensated via equity |
Performance Compensation (Director)
| Award Type | Grant Cadence | Shares/Grant | Vesting | Performance Metrics |
|---|---|---|---|---|
| Restricted Common Stock | Annual | 1,000 shares | Contingent on continued service with the Company | None specified for directors; time-based service contingency |
Equity plan context: The 2025 Stock Incentive Plan seeks 2,000,000 shares for awards (inclusive of outstanding under 2019 plan) and prohibits option/SAR repricing without shareholder approval, but no director-specific performance metrics are described for equity grants .
Other Directorships & Interlocks
| Category | Entity | Role | Potential Interlock/Conflict |
|---|---|---|---|
| Public company boards | None disclosed | — | No interlocks disclosed |
| Private/Non-profit | Anliang Holding Group, Central China HQ | VP & CFO | No related-party transactions with Anliang disclosed in proxy |
Expertise & Qualifications
- International Certified Public Accountant; national Chief Accountant (CFO) qualification .
- Senior finance, accounting, and management experience as VP & CFO at Anliang Holding Group .
- Education: Financial management major, Zhengzhou College of Light Industry (1988) .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Class | Notes |
|---|---|---|---|
| Dongshan Wang (Director) | 3,000 | <1% | No options, pledges, or derivatives disclosed for Wang |
Shares outstanding at record date: 13,346,618 . Section 16 filings were timely during 2024 per company review .
Governance Assessment
-
Strengths
- Independence confirmed under NASDAQ rules; chairs Compensation Committee, providing a mechanism for independent oversight of pay .
- Equity-only director compensation (1,000 restricted shares annually) aligns director incentives with long-term shareholder value without cash retainers .
-
Concerns / RED FLAGS
- Combined CEO/Chairman structure and absence of a Lead Independent Director reduce independent counterbalance and may weaken board oversight .
- Low Compensation and Nominating Committee meeting frequency (1 each in 2024) can signal limited formal engagement on pay and governance processes .
- Related-party transactions exist with entities controlled by Ming Yang (past chair) including property and services; while no link to Wang is disclosed, overall related-party reliance is a governance risk backdrop for Compensation Committee oversight .
- Attendance disclosure is threshold-based (“no director <75%”) rather than precise individual rates, limiting transparency on director engagement .
-
Implications
- Wang’s finance/accounting credentials and role as Compensation Committee chair are positives for pay governance; however, board leadership concentration and minimal committee meeting cadence warrant monitoring, especially around executive pay decisions and potential related-party impacts on governance quality .