Tao Tu
About Tao Tu
Tao Tu, age 44, has served as an independent director of Inno Holdings Inc. (INHD) since May 31, 2024. He brings leadership experience as Director of Fuda Capital Ltd. and CEO of Jinyide Culture Media Co., Ltd., with prior CEO experience at Jinyide Jewelry Co., Ltd. (2017–2020); he holds a bachelor’s degree in Finance from South-Central University for Nationalities . The Board has affirmatively determined he is independent under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Jinyide Jewelry Co., Ltd. | Chief Executive Officer | 2017–2020 | Corporate governance, marketing, organizational development |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Fuda Capital Ltd. | Director | Current | Strategic leadership, corporate governance responsibilities |
| Jinyide Culture Media Co., Ltd. | Chief Executive Officer | Current | Strategy, organizational management, external representation, financial performance oversight |
Board Governance
- Committee assignments (no chair roles): Audit; Compensation; Nominating & Corporate Governance . Chair roles on all three committees are held by Yufang Qu (Audit Chair; Compensation Chair; Nominating & Corporate Governance Chair) .
- Independence status: Independent director per Board’s annual review .
- Attendance: The Board met twice in FY2024 and acted twice by unanimous written consent; each director who served during FY2024 attended at least 80% of meetings of the Board and their committees during their service period (Tu appointed May 31, 2024) .
- Audit Committee composition: All members independent; Audit Chair (Qu) is the audit committee financial expert; each member financially literate .
- Risk oversight: Audit Committee oversees risk, internal controls, legal/regulatory risks, and meets in private sessions with auditors; summary reporting to full Board .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer (independent directors) | $10,000 | Subject to continued Board service |
No additional committee membership or chair fees, meeting fees, or director equity grants were disclosed for FY2024/FY2025 to date in the proxy .
Performance Compensation
| Component | Structure | Metrics | Notes |
|---|---|---|---|
| Director performance-based pay | Not disclosed | — | No performance-based director compensation disclosed in the proxy . The 2025 Omnibus Incentive Plan caps non-employee director annual equity+cash at $350,000 (up to $500,000 with approval), but this is an authorization/limit, not an award to Mr. Tu . |
Other Directorships & Interlocks
| Company | Type | Role | Public Company? | Interlock/Conflict Notes |
|---|---|---|---|---|
| Fuda Capital Ltd. | Private | Director | No | No related-party transaction with INHD disclosed . |
| Jinyide Culture Media Co., Ltd. | Private | CEO | No | No related-party transaction with INHD disclosed . |
The director biography and related-party section list no other public company directorships for Mr. Tu and no transactions involving entities associated with him .
Expertise & Qualifications
- Bachelor’s degree in Finance; leadership in corporate governance, strategic management, and financial oversight .
- Committee service across Audit, Compensation, and Nominating & Corporate Governance indicates broad governance exposure; however, Audit Committee financial expert designation resides with Chair Yufang Qu (not Tu) .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | As Of |
|---|---|---|---|
| Tao Tu | 0 | 0.00% | Record date Feb 13, 2025 (based on 4,410,482 shares outstanding) |
No shares owned directly/indirectly reported for Mr. Tu; the beneficial ownership table shows “—” for his holdings .
Governance Assessment
- Strengths
- Independent status and service on all key committees support board oversight breadth .
- Audit Committee is fully independent with an identified financial expert; private sessions with auditors and CLO/management are embedded practices .
- Clawback/recoupment policy adopted Oct 30, 2023 aligns with Nasdaq Rule 10D-1 framework for incentive-based compensation, a positive governance control (company-wide policy) .
- Watch items / potential red flags (for investor confidence)
- Ownership alignment: Mr. Tu reported no beneficial ownership as of the 2025 record date; lack of stock ownership may signal lower alignment with shareholder outcomes for a newly appointed director .
- Internal control environment: Company disclosed a material weakness in ICFR related to inadequate policies/procedures over key business cycles; Audit Committee remediation oversight will be critical (Tu is a member) .
- Capital structure/dilution pressures: Board sought approval of Standby Equity Purchase Agreements (SEPA) authorizing up to $15M (Jan 28, 2025 agreement) and a later $6M (July 4, 2025 agreement) and pursued a reverse stock split authorization (1:5 to 1:25) to maintain Nasdaq listing; heightened dilution and listing-compliance actions elevate governance and oversight salience, though not specific to Tu individually .
No related-party transactions involving Mr. Tu were disclosed; the related-party section lists transactions involving other parties (e.g., former executives and entities tied to a former chairwoman), not Mr. Tu .
Board meeting participation met or exceeded 80% for all serving directors during FY2024, including Tu for his service period .
Director compensation currently modest (cash retainer), with no disclosed equity grants to Mr. Tu to date; the 2025 Plan provides future flexibility but does not indicate awards to him .