Cheung Wai Kee
About Cheung Wai Kee
Cheung Wai Kee was appointed to Professional Diversity Network, Inc.’s Board of Directors on May 26, 2025, and joined both the Audit Committee and the Nominating and Corporate Governance Committee as a member. He is a Hong Kong–qualified CPA and ACCA fellow, with a bachelor’s degree in Accounting from the University of Hong Kong and a master’s degree in Corporate Finance from the Hong Kong Polytechnic University. Prior to IPDN, he held senior finance and company secretary roles at multiple HKSE-listed companies; he has been Financial Controller and Company Secretary of China Kingstone Mining Holdings Ltd. (HKSE: 1380) since July 2013 and previously served at Glory Flame Holdings Limited (HKSE: 8059) and Man Sang International Limited (HKSE: 0938). Cheung also appears as an authorized signatory on facility agreements for Deutsche Bank AG Hong Kong Branch and DB Trustees (Hong Kong) Limited, indicating capital markets execution experience .
Past Roles
| Organization | Listing Code | Role | Tenure | Committees/Impact |
|---|---|---|---|---|
| Glory Flame Holdings Limited | HKSE: 8059 | Financial Controller and Company Secretary | May 2016 – May 2024 | Oversight of financial reporting and HKSE corporate governance compliance |
| Man Sang International Limited | HKSE: 0938 | Deputy Financial Controller | Not disclosed | Finance leadership supporting listed-company reporting |
| Deutsche Bank AG, Hong Kong Branch | N/A | Authorized Signatory (Loan Agency) | 2017 (facility agreement signatory) | Executed lender agency/security documentation on syndicated facilities |
| DB Trustees (Hong Kong) Limited | N/A | Authorized Signatory (Security Agent) | 2017 (facility agreement signatory) | Executed security trustee documentation |
External Roles
| Organization | Role | Start | End | Notes |
|---|---|---|---|---|
| China Kingstone Mining Holdings Ltd. | Financial Controller and Company Secretary | July 2013 | Present | HKSE-listed; ongoing finance, governance, and disclosure responsibilities |
| Glory Flame Holdings Limited | Financial Controller and Company Secretary | May 2016 | May 2024 | HKSE-listed; concluded prior to IPDN appointment |
Board Governance
- Appointment and committees: Appointed May 26, 2025; member of Audit Committee and Nominating & Corporate Governance Committee; not a chair. Independence determination not expressly stated; 8-K reports no Item 404(a) related-party transactions or arrangements for Cheung .
- Board leadership context: IPDN’s Board does not designate a Lead Independent Director; Chairman role is separate and currently held by Hao (Howard) Zhang. As of the 2025 proxy, all five nominees were determined “independent,” but Cheung was appointed after the proxy record date; Audit Committee roles historically require independence under Nasdaq rules .
- Attendance: 2024 board met 3 times; all directors then serving attended ≥75% of board/committee meetings. Cheung’s attendance will be reportable starting with 2025 disclosures; not yet disclosed .
Fixed Compensation
Note: IPDN states Cheung’s director compensation will be commensurate with other outside directors “for our 2025 Board service year” as summarized in the May 1, 2025 proxy; the proxy details the 2024 director program below (exact 2025 amounts not separately disclosed) .
| Component | Amount | Notes |
|---|---|---|
| Annual Board Cash Retainer | $5,000 | Non-employee directors; 2024 program |
| Audit Committee Member Retainer | $1,000 | Chair additional $4,000; 2024 program |
| Compensation Committee Member Retainer | $500 | Chair additional $1,000; 2024 program |
| Nominating & Corporate Governance Committee Member Retainer | $500 | Chair additional $1,000; 2024 program |
Performance Compensation
| Award Type | Annual Value | Vesting | Performance Metrics |
|---|---|---|---|
| RSUs (Director Equity) | $25,000 | Vests after one year | None disclosed for directors; awards are time-based |
The 8-K indicates Cheung’s compensation will align with the outside director program summarized in the proxy; specific grant date and share count for Cheung’s RSU award were not disclosed in the filings reviewed .
Other Directorships & Interlocks
| Company | Role | Public Company Board? | Potential Interlock |
|---|---|---|---|
| China Kingstone Mining Holdings Ltd. (HKSE: 1380) | Financial Controller & Company Secretary | No (officer, not director) | None disclosed with IPDN; no Item 404(a) related transactions |
| Glory Flame Holdings Limited (HKSE: 8059) | Financial Controller & Company Secretary | No (officer, not director) | None disclosed with IPDN; role ended May 2024 |
| Man Sang International Limited (HKSE: 0938) | Deputy Financial Controller | No (officer, not director) | None disclosed with IPDN |
Expertise & Qualifications
- Financial reporting and governance: Over a decade as Financial Controller & Company Secretary at HKSE-listed issuers; deep exposure to exchange compliance, disclosure controls, and board processes .
- Professional credentials: CPA (Hong Kong) and ACCA fellow; bachelor’s in Accounting (University of Hong Kong) and master’s in Corporate Finance (Hong Kong Polytechnic University) .
- Capital markets documentation: Authorized signatory on syndicated loan/security agreements for DB Hong Kong entities, indicating familiarity with complex financing transactions .
Equity Ownership
| Item | Status | Source |
|---|---|---|
| Beneficial ownership (as of 2025-04-15 record date) | Not listed in the management/board beneficial ownership table; Cheung appointed after record date | |
| Section 16 ownership filings | Not disclosed in reviewed filings for the period; no holdings reported for Cheung |
Governance Assessment
- Strengths: Finance and governance skill set aligned with Audit Committee responsibilities; no related-party transactions or selection arrangements disclosed; committee memberships provide oversight leverage without chair concentration .
- Alignment/compensation: Outside director program includes modest cash retainers and time-based RSUs, which supports alignment while limiting excessive guaranteed pay; Cheung’s compensation to be commensurate with peers per 8-K .
- Potential concerns and monitoring items:
- Independence confirmation for Cheung was not explicitly stated in filings; however, absence of Item 404(a) transactions and Audit Committee assignment are positive indicators—monitor formal independence determination in next proxy .
- Time commitments: Ongoing senior officer roles at HKSE-listed issuers may increase workload and potential scheduling conflicts; monitor attendance once disclosed .
- Role classification: A Form D lists Cheung under “Executive Officer X/Director/Promoter” at IPDN’s address, which may reflect filing taxonomy rather than a corporate officer appointment; 8-K identifies him solely as “Director” (clarify in future filings) .
- Board structure: No Lead Independent Director designation at IPDN, which can be a governance weakness in some contexts; offset partially by committee structure and independent majority .