Wu Binbin
About Wu Binbin
Wu Binbin is an independent director of Longduoduo Company Limited (LDDD), age 36, with a background as a senior accountant and former CFO; she holds a bachelor’s degree in finance and taxation (Henan University of Finance and Economics, 2012) and was licensed as an accountant in China in 2013 . She is currently a member of the Board and has been deemed independent under Nasdaq rules and Section 10A-3 of the Exchange Act . Her prior roles include audit manager at Henan Ruixiang Certified Public Accountants (2013–2016), where she was named “Excellent Accountant” by the Henan Provincial State Administration of Taxation, and CFO at Shenzhen Qianhai Rongsheng Capital Management (2017–2022), with expertise in budget management, internal control, and activity-based costing .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Henan Ruixiang Certified Public Accountants Co., Ltd. | Audit Manager | 2013–2016 | Awarded “Excellent Accountant” by Henan Provincial State Administration of Taxation; served as taxpayer representative and Accounting Association member |
| Shenzhen Qianhai Rongsheng Capital Management Co., Ltd. | Chief Financial Officer | 2017–2022 | Proficient in financial management across industries; experience in budget management, internal control, and activity-based cost management |
External Roles
| Organization | Role | Status |
|---|---|---|
| Shenzhen Qianhai Rongsheng Capital Management Co., Ltd. | CFO | Past role (2017–2022) |
| Other public company boards | — | None disclosed in LDDD proxies |
Board Governance
- Independence: The Board determined Wu Binbin is “independent” under Nasdaq rules and Section 10A-3 of the Exchange Act; non-independent directors are Chairman Xu Huibo and CEO Zhou Hongxiao .
- Committee assignments (FY2024–FY2025):
- Audit Committee member; committee members are Shan Bo (Chair), Wu Binbin, and Ma Jiayang (FY2025); previously Shan Bo (Chair), Li Zhijie, and Wu Binbin (FY2024) .
- Compensation Committee Chair; members are Wu Binbin (Chair), Xu Huibo, and Ma Jiayang (FY2025); previously Wu Binbin (Chair), Xu Huibo, and Li Zhijie (FY2024) .
- Nominating & Corporate Governance Committee member; members are Ma Jiayang (Chair), Wu Binbin, and Shan Bo (FY2025); previously Li Zhijie (Chair), Wu Binbin, and Shan Bo (FY2024) .
- Board and committee activity: The Board met formally once in FY2024; Audit, Compensation, and Nominating committees did not hold formal meetings in FY2024 (charters adopted November 30, 2023) .
- Board leadership and risk oversight: CEO (Zhou) and Board Chair (Xu) roles are separated; independent committee chairs lead agendas and maintain contact with management; risk oversight conducted via reports to the full Board or relevant committees .
- Annual meeting attendance expectation: All current Board members and nominees are expected to attend annual meetings unless impracticable .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer (Director) | $0 | Independent Director Agreement: Wu serves without cash compensation |
| Committee chair/member fees | Not disclosed | No specific committee fees disclosed; committees held no formal meetings in FY2024 |
| Meeting fees | Not disclosed | Not specified in proxy |
| Other cash | $0 | No other director cash compensation disclosed for Wu |
Performance Compensation
| Component | Status | Details |
|---|---|---|
| Equity compensation plan availability | None | No securities authorized for issuance under any equity compensation plan |
| Equity grants (RSUs/PSUs/DSUs) | None | No grants to any director or executive since inception |
| Option awards | None | No stock options granted to any director or executive since inception |
| Performance metrics tied to comp | None disclosed | No performance-linked director compensation metrics disclosed |
| Clawback provisions | Not disclosed | Code of Ethics exists, but clawback terms for directors not disclosed |
Other Directorships & Interlocks
| Company | Role | Interlock/Conflict |
|---|---|---|
| None disclosed | — | No other public company directorships or interlocks disclosed for Wu |
Expertise & Qualifications
- Licensed accountant in China (2013); bachelor’s degree in finance and taxation (2012) .
- Experienced audit manager with taxation recognition and industry association engagement (2013–2016) .
- Former CFO with multi-industry financial management, comprehensive budgeting, internal controls, and activity-based cost management experience (2017–2022) .
- Independent director status; chairs Compensation Committee; member of Audit and Nominating committees .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding |
|---|---|---|
| Wu Binbin | — (none reported) | — (0%) |
As of the January 9, 2025 record date, Wu Binbin is listed with no beneficial ownership; the table shows “—” for shares and percentage for Wu .
Governance Assessment
- Committee leadership and independence: Wu chairs the Compensation Committee and serves on Audit and Nominating; the Board affirms her independence, providing separation from management in key oversight roles .
- Engagement and oversight cadence: The Board held one formal meeting in FY2024; committees held no formal meetings post-charter adoption in late 2023, indicating early-stage committee operations and limited formal activity in the period .
- Compensation alignment: Wu serves without cash director compensation, and the company has no equity plan or director grants, resulting in no disclosed cash or equity-based incentives for Wu .
- Ownership alignment: Beneficial ownership table reports no shares for Wu, implying no direct “skin-in-the-game” alignment by equity holdings as of the record date .
- Conflicts and related-party exposure: The proxy reports no related-party transactions since the start of FY2024 beyond executive compensation, and Section 16(a) compliance by officers and directors during the remainder of FY2024 is affirmed .
RED FLAGS
- No equity ownership: Wu is reported with no shares beneficially owned as of January 9, 2025, which may reduce direct financial alignment with shareholders .
- Early-stage committee activity: Committees did not hold formal meetings in FY2024 after charters were adopted, limiting visible committee oversight during that year .
Notes on Say-on-Pay and Shareholder Feedback
- The company conducted advisory votes on executive compensation and the frequency of future advisory votes in 2024; while this pertains to executive pay, it indicates board engagement with shareholder feedback mechanisms .
Related Party Transactions
- No transactions since the beginning of the 2024 fiscal year or currently proposed transactions in which any related person had a material interest, other than compensation disclosed under “Executive Compensation” .
Section 16(a) Compliance
- Officers, directors, and >10% stockholders complied with Section 16(a) reporting requirements during the remainder of fiscal year 2024 after registration on November 27, 2023 .