Weihong Zhu
About Weihong Zhu
Weihong Zhu is Chief Financial Officer (CFO) of IROH’s post-combination company (referred to as New CFI/CN Healthy) effective upon the closing of the business combination on October 6, 2025 . He is 61 years old and brings 40+ years of finance experience across banking and corporate finance, including senior finance roles at Zhonggu Group and CFO of OpCo 1 within the CFI Group prior to the merger . Mr. Zhu holds professional qualifications as an Economist and an Accountant, and has prior roles at the People’s Bank of China and Industrial and Commercial Bank of China (ICBC) that emphasize credit and branch management experience . Company-level TSR, revenue growth, and EBITDA growth tied to his tenure are not disclosed in current filings; no executive-specific performance metrics have been published as of the latest documents .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| People’s Bank of China, Nehe Branch | Finance professional | 1980–1983 | Foundational central banking experience |
| Industrial and Commercial Bank of China (ICBC), Nehe Branch | Credit Officer; Deputy Branch Manager | 1986–2000 | Credit and branch leadership responsibilities |
| Zhonggu Group | Accountant (subsidiary); Financial Officer (subsidiary); Chief Financial Manager (Group) | 2001–2022 | Progressive corporate finance leadership culminating in group-level financial management |
| CFI Group (OpCo 1) | Chief Financial Officer | 2023–2025 (pre-close) | Operational finance leadership for OpCo 1 ahead of public listing |
| IROH (New CFI/CN Healthy) | Chief Financial Officer | Appointed effective at closing on Oct 6, 2025 | Public-company CFO with responsibility for financial reporting and controls |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| — | — | — | No external public-company directorships or committee roles disclosed in S-4/A biographies |
Fixed Compensation
| Element | Status/Detail | Source |
|---|---|---|
| Base salary | Not determined/disclosed for New CFI executive officers at time of S-4/A; board to set post-close | |
| Target bonus % | Not determined/disclosed | |
| Actual bonus | Not determined/disclosed | |
| Cash compensation (SPAC pre-combination) | SPAC disclosed no executive cash compensation prior to business combination (context; Zhu not an exec in 2023–2024) | |
| Executive term language | Executives serve at the pleasure of the board for a one-year term and until successors are elected and qualified |
Performance Compensation
| Metric/Instrument | Weighting | Target | Actual | Payout | Vesting/Schedule | Source |
|---|---|---|---|---|---|---|
| Annual incentive plan metrics | — | Not disclosed | Not disclosed | Not disclosed | Not disclosed | |
| RSUs/PSUs (post-close) | — | Not disclosed | Not disclosed | Not disclosed | Not disclosed | |
| Options (outstanding plans pre-close) | — | — | — | — | None outstanding at fiscal year-end in pre-combination disclosure | |
| Director/Officer compensation policy (post-close) | — | — | — | — | Compensation expected to be set by board; not determined at filing time |
Equity Ownership & Alignment
| Holder | Shares Beneficially Owned | % Outstanding | Notes |
|---|---|---|---|
| Weihong Zhu (CFO) | — | <1% | Immediate post-closing beneficial ownership table shows “—” and “less than one percent” for Zhu |
| Zhenjun Jiang via Rosy Sea Holdings Limited | 47,689,349 | 93.08% | CEO controls 100% of Rosy Sea; indicates high ownership concentration |
Additional alignment considerations:
- Stock option plans: None outstanding at fiscal year-end in pre-combination disclosure; post-close equity grant policies not yet disclosed .
- Pledging/hedging: No disclosures regarding pledging or hedging by Zhu in current filings .
Employment Terms
| Term | Detail | Source |
|---|---|---|
| Appointment date | Effective upon closing; Zhu appointed CFO at business combination closing (Oct 6, 2025) | |
| Term/renewal | Serves at the pleasure of the board; one-year term until successor elected and qualified | |
| Employment status | For target entities pre-close, officer/employee employment generally terminable pursuant to applicable law; no guaranteed compensation upon termination except as required by law | |
| Change-of-control economics (SPAC/acquiror) | No payments due, no acceleration, and no amounts caused to be “excess parachute payments” under Section 280G as a result of transactions | |
| Offer letter/contract specifics | No CFO-specific employment agreement, severance multiples, or CoC provisions disclosed |
Compensation Committee and Governance Context
| Committee | Members | Chair | Notes |
|---|---|---|---|
| Compensation Committee | John L. Suprock; Jingyu Huang | John L. Suprock | Established effective at closing; oversees exec comp design and approvals |
| Audit Committee | John L. Suprock; Lydia Bergamasco; Jingyu Huang | Jingyu Huang | Audit committee financial expert identified |
| Nominating & Corporate Governance Committee | Donghai Li; Lydia Bergamasco | Lydia Bergamasco | Standard director nomination oversight |
Investment Implications
- Alignment: CFO holds less than 1% of shares outstanding immediately post-close, suggesting low equity alignment relative to CEO’s 93.08% control; this could dampen CFO-specific pay-for-performance alignment unless meaningful future equity grants are made .
- Policy Uncertainty: Executive compensation frameworks (salary, bonus metrics, equity grants, vesting schedules, and clawback terms) were not determined as of S-4/A; near-term disclosures (8-K/proxy) will be critical for assessing selling pressure from vesting or option exercises .
- Retention/Cost Flexibility: Executives serve at the pleasure of the board with a one-year term and no disclosed severance or CoC cash benefits; this lowers termination costs but may elevate retention risk if market compensation is not competitive .
- Governance Oversight: A Compensation Committee is in place and chaired by an independent director, which should facilitate rapid establishment of a formal pay program linked to operating KPIs once the combined entity matures; monitor initial post-close grants and any adoption of ownership guidelines .
- Execution Profile: Zhu’s deep banking and corporate finance background across ICBC, Zhonggu Group, and OpCo 1 reduces operational finance execution risk for a newly public company; however, performance-linked incentive design will be key to align priorities with minority shareholders given concentrated control at the CEO level .