Shan Bo
About Shan Bo
Independent director of Longduoduo Company Limited (LDDD); age 42 as disclosed in the 2025 proxy. Audit Committee Chair and designated audit committee financial expert; the Board determined he is “independent” under Nasdaq rules and Section 10A-3 of the Exchange Act. Career spans 20 years in finance and accounting, including CFO of OFILM Group since 2018, Investment Department Manager at China Orient Asset Management (2015–2018), and partner at Zhongxinghua Certified Public Accountants LLP (2005–2015) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| OFILM Group (China, publicly-held) | Chief Financial Officer | 2018–present | Senior finance/controls leadership; relevant to audit oversight expertise |
| China Orient Asset Management Corp. | Manager, Investment Department | 2015–2018 | Investment oversight; capital allocation skills |
| Zhongxinghua Certified Public Accountants LLP | Partner | 2005–2015 | Audit/accounting leadership; strengthens financial reporting oversight |
External Roles
| Organization | Role | Public Company | Notes |
|---|---|---|---|
| OFILM Group | Chief Financial Officer | Yes (China) | Publicly-held manufacturing company in China |
Board Governance
- Committee leadership: Chair, Audit Committee; Audit members: Shan Bo, Wu Binbin, Ma Jiayang (2025). Nominating & Corporate Governance member; Nominating members: Ma Jiayang (Chair), Wu Binbin, Shan Bo (2025). Compensation Committee members were Wu Binbin (Chair), Xu Huibo, Ma Jiayang (2025); Shan Bo not disclosed as a member of Compensation in 2025 .
- Independence: Board determined Shan Bo is independent under Nasdaq rules and Section 10A-3; designated as audit committee financial expert per Item 407(d)(5) .
- Board activity/attendance context: Board met formally only once in FY ended June 30, 2024; committees did not hold formal meetings in that year (committees established November 30, 2023) . In FY ended June 30, 2023, the Board did not meet formally; acted by unanimous consent twice; committees adopted on November 30, 2023 .
- Annual meeting voting: Re-elected March 10, 2025; each nominee received 25,601,838 votes for, 0 withheld, 0 broker non-votes .
- Policy: Directors are expected to attend annual meetings (general disclosure) .
- Board leadership: CEO and Chair roles separated (CEO: Zhou Hongxiao; Chair: Xu Huibo) .
Fixed Compensation
| Element | Amount | Frequency/Terms | Source |
|---|---|---|---|
| Independent Director cash retainer | $3,427 (RMB 25,000) | Paid at end of each quarter per Independent Director Agreement | |
| Committee chair/member fees | — | Not disclosed | |
| Meeting fees | — | Not disclosed | |
| Other cash | — | Not disclosed |
Note: Other independent directors (Wu Binbin, Ma Jiayang in 2025; Wu Binbin, Li Zhijie in 2024) serve without cash compensation .
Performance Compensation
| Component | Details | Source |
|---|---|---|
| Equity plans authorized | None; no securities authorized for issuance under any equity compensation plan | |
| Stock awards (RSUs/PSUs) | None granted to any director since inception | |
| Options | None granted to any director since inception | |
| Performance metrics tied to director pay | Not applicable (no equity/variable pay disclosed) | |
| Change-in-control/severance for directors | No arrangements that would result from a change-in-control | |
| Clawback provisions | Not disclosed for directors |
Other Directorships & Interlocks
| Company | Role | Committee Roles | Interlocks/Conflicts |
|---|---|---|---|
| OFILM Group | CFO | — | No LDDD-related transactions disclosed; no interlocks disclosed with LDDD’s customers/suppliers |
No other public company board memberships disclosed for Shan Bo in LDDD proxy biographies .
Expertise & Qualifications
- Audit committee financial expert designation; extensive finance/accounting background (CFO; audit firm partner) .
- Strategic planning and corporate finance experience; investment management background .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Record Date/Outstanding Shares |
|---|---|---|---|
| Shan Bo | — | — | 30,005,016 shares outstanding as of Jan 9, 2025 |
Section 16(a) compliance: Officers, directors, and >10% holders complied with reporting requirements for the remainder of FY 2024 after LDDD registered under Section 12(g) on Nov 27, 2023 .
Shareholder Voting (2025 Annual Meeting)
| Nominee | Votes For | Votes Withheld | Broker Non-Votes |
|---|---|---|---|
| Shan Bo | 25,601,838 | 0 | 0 |
Governance Assessment
- Strengths:
- Independent director serving as Audit Committee Chair and designated financial expert, enhancing oversight of financial reporting and internal control .
- Clear separation of Chair and CEO roles supports independent oversight .
- No related-party transactions involving directors during FY 2024; clean disclosure on absence of director equity awards reduces complexity .
- Concerns/RED FLAGS:
- Ownership alignment appears weak: no reported beneficial ownership for Shan Bo; absence of director equity programs may limit long-term alignment with shareholders .
- Board and committee activity was minimal in FY 2024 (one formal board meeting; committees held no formal meetings), raising engagement and effectiveness questions as governance structures mature .
- Company-level related-party financing in prior year (advances from controlling shareholder and CEO) indicates historical governance risk even if not tied to Shan Bo; continued vigilance warranted .
Overall: Shan Bo’s credentials and audit leadership are positives for investor confidence. However, low ownership alignment and limited formal board/committee activity in the most recently reported year temper governance quality signals and should be monitored for improvement in meeting cadence, committee work, and the potential adoption of appropriately structured director equity to strengthen alignment .