Cheuk Hang Chow
About Cheuk Hang Chow
Cheuk Hang Chow is Chief Executive Officer, Director, and Chairman of the Board of Inception Growth Acquisition Limited (IGTA) and has served as CEO since February 17, 2023; age 41; Bachelor of Engineering from the University of Hong Kong (Aug 2007) . He is a Hong Kong national and controls the Sponsor (Soul Venture Partners LLC), which creates CFIUS-related considerations for U.S. targets due to foreign person status . IGTA discloses no executive compensation prior to a business combination and no employment agreements; a clawback policy was adopted in November 2023 . No issuer operating metrics (TSR, revenue/EBITDA growth) are applicable pre-business combination; the team emphasizes networks and de-SPAC experience to source targets .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| MetaOne Limited | Chief Executive Officer | Jan 2022 – Nov 2022 | Led NFT asset management platform; expanded tech network in Asia |
| China Creative Digital Entertainment Limited (formerly HMV Digital China Group) | Chief Executive Officer | Aug 2015 – Dec 2021 | Led media/entertainment investment holding company in East Asia |
| China Food and Beverage Group Limited (HKG:8272) | Chief Financial Officer and Executive Director | Dec 2016 – Sep 2021 | Oversaw finance and executive board responsibilities in restaurant operations |
| AV Concept Holdings Limited | Finance Manager | Sep 2010 – Dec 2013 | Managed finance at semiconductor/electronics distributor |
| Wonderful Sky Financial Group (01260.HK) | Investor Relations Associate | Feb 2009 – Sep 2010 | Supported IR and public relations |
| KPMG | Risk Advisory | Dec 2007 – (start) | Early career in risk advisory |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| ME2ZEN Limited (950190.KQ) | Independent Non-Executive Director | Feb 2019 – Jan 2021 | Governance oversight in gaming services |
| China Food and Beverage Group Limited (HKG:8272) | Independent Non-Executive Director | Dec 2016 – Dec 2021 | Board oversight in Hong Kong restaurant operator |
Fixed Compensation
IGTA discloses no executive or director compensation prior to consummation of a business combination; no employment agreements; and no equity awards granted to executives or directors .
| Metric | Current Status |
|---|---|
| Base salary ($) | $0 |
| Target bonus (%) | Not applicable |
| Actual bonus paid ($) | $0 |
| Director cash retainer ($) | $0 |
| Committee/meeting fees ($) | $0 |
| Equity awards (RSUs/Options) | None granted |
Related party administrative fee: the Company pays $10,000 per month to an affiliate of the Sponsor for office space, utilities, and administrative support until a business combination or liquidation .
Performance Compensation
No incentive or equity awards are disclosed for executives or directors pre-business combination; IGTA adopted a clawback policy in November 2023 for restatement-based recovery of incentive compensation per Section 10D/Nasdaq rules . Stockholders approved adoption of an Incentive Plan for “PubCo” to be effective at closing of the business combination, but performance metrics/award terms for Cheuk Hang Chow are not specified in IGTA filings .
Equity Ownership & Alignment
| Metric | May 12, 2025 | Sep 15, 2025 |
|---|---|---|
| Shares outstanding | 2,917,490 | 2,814,162 |
| Cheuk Hang Chow – direct beneficial ownership (shares) | 20,000; less than 1% | 20,000; less than 1% |
| Sponsor (Soul Venture Partners LLC) – ownership (shares, %) | 1,195,990; 40.99% | 1,195,990; 42.50% |
| Deemed beneficial ownership via control of Sponsor | May be deemed to beneficially own Sponsor shares by virtue of control as manager | May be deemed to beneficially own Sponsor shares by virtue of control as manager |
Notes:
- IGTA does not disclose a breakdown of vested vs. unvested shares or options for Chow; no options outstanding are disclosed for executives/directors pre-business combination .
- No pledging or hedging disclosures specific to Chow are identified in the referenced filings; related-party policies and audit committee oversight are disclosed .
Employment Terms
| Term | Disclosure |
|---|---|
| CEO start date | February 17, 2023 |
| Employment agreement | None; no agreements to provide benefits upon termination |
| Severance / Change-in-control | None disclosed; no employment agreements |
| Clawback policy | Adopted Nov 2023; restatement-based recovery for Covered Executives |
| Administrative fee to Sponsor affiliate | $10,000 per month for office/admin support until business combination or liquidation |
Board Governance
- Roles: Chow serves as Chief Executive Officer and Chairman of the Board . Dual-role implications include potential independence concerns; mitigation includes committees composed of independent directors with independent chairs .
- Committees: Audit Committee (Michael L. Coyne, Albert Chang, Yan Xu; chair Yan Xu) ; Compensation Committee (Coyne, Chang, Xu; chair Albert Chang) ; Nominating Committee (Coyne, Chang, Xu; chair Michael L. Coyne) .
- Special Meeting proxy and notices show Chow acting as Chairman/CEO and signatory, reinforcing his dual executive-director role .
- PubCo board post-closing: Stockholders approved six named directors for PubCo (Tay Yee Paa Tony, Lee Wei Chiang Francis, Lim Chee Heong, Loo Choo Leong, Seah Chin Siong, Wee Carmen Yik Cheng); Chow is not among the PubCo director appointees effective upon closing per the vote results .
Related Party Transactions and Alignment
- Founder shares and private placement warrants were issued to the Sponsor; the Sponsor also provided a $1,000,000 IPO-related loan pursuant to a promissory note; ongoing registration rights exist for Sponsor-related securities .
- The Company is obligated to pay the Sponsor affiliate $10,000/month for services (may be delayed by audit committee determination for funds outside the trust) .
- Audit committee charter governs review/approval of related-party transactions; independent committee approval required .
Performance & Track Record
- IGTA highlights leveraging Chow’s network across Asia/US to source targets in TMT/sports/entertainment/gaming; team emphasizes M&A and de-SPAC experience (including CFO’s prior successful de-SPAC) .
- Stockholder approvals in 2025 extended the business combination period and amended the trust agreement to permit monthly extensions with trust contributions; Chow chaired these processes via proxy communications .
Investment Implications
- Pay-for-performance alignment: Pre-business combination, zero cash/equity compensation for Chow; alignment stems from Sponsor ownership, where Chow may be deemed beneficial owner through control of the Sponsor . This structure tightly links leadership incentives to transaction completion but introduces potential conflict-of-interest sensitivities typical of SPACs .
- Retention risk: Absence of employment/severance agreements suggests flexibility but limited contractual retention mechanisms; post-combination compensation will be determined by PubCo boards/committees and is currently unknown [75:—] .
- Governance signal: CEO + Chairman dual-role is mitigated by independent committees led by independent directors; however, independence scrutiny persists. PubCo’s approved director slate did not include Chow, which may indicate future governance separation post-closing .
- Regulatory risk: CFIUS considerations due to foreign person status of the Sponsor controlled by Chow could constrain U.S. target selection or timing, potentially affecting deal execution and investor returns .