Eve Chan
About Eve Chan
Eve Chan, age 41, is the Chief Financial Officer and Secretary of Next Technology Holding Inc. (NXTT), appointed on October 21, 2024. She is a member of Certified Public Accountants Australia and holds a bachelor’s degree from the University of Sydney (2005), with 15+ years of accounting, audit, and corporate experience across the USA, Hong Kong, and Singapore. Her prior roles include Assistant Vice President at RHB Investment Bank Limited (2018–2022) and Financial Controller at X Capital Investment PTE. LTD. (2022–2024). She executed Sarbanes-Oxley Section 302 and 906 certifications for NXTT’s FY2024 10-K, while management disclosed that disclosure controls and procedures were not effective, a governance risk to monitor.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| RHB Investment Bank Limited | Assistant Vice President | Aug 2018 – Oct 2022 | Advised corporate restructuring for private and public companies in Hong Kong, Singapore, and Malaysia. |
| X Capital Investment PTE. LTD. | Financial Controller | Nov 2022 – Sep 2024 | Led accounting and financial affairs, corporate financing, and compliance. |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| — | — | — | No public-company directorships disclosed. |
Fixed Compensation
| Metric | 2023 | 2024 |
|---|---|---|
| Salary ($) | — | 4,000 |
| Bonus ($) | — | — |
| Stock Awards ($) | — | — |
| Non-Equity Plan Compensation ($) | — | — |
| All Other Compensation ($) | — | — |
| Total ($) | — | 4,000 |
Notes: Amounts for 2024 were accrued based on appointment date (Oct 21, 2024).
Performance Compensation
- No bonus, stock awards (RSUs/PSUs), options, or non-equity plan compensation disclosed for Eve Chan in FY2024.
- The Company adopted a 2025 Equity Incentive Plan authorizing options, SARs, restricted awards, performance share awards, cash awards, and other equity-based awards; however, no individual grants or performance metric weightings for Eve Chan are disclosed.
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial Ownership (shares) | — (no individual ownership reported) |
| Ownership as % of Shares Outstanding | — (436,265,135 shares outstanding at record date) |
| Vested vs. Unvested Shares | Not disclosed |
| Options (exercisable/unexercisable) | Not disclosed |
| Shares Pledged as Collateral | Prohibited for directors and executive officers per insider trading policy. |
| Hedging/Short Sales | Prohibited; certain portfolio diversification transactions (exchange funds) allowed. |
| Stock Ownership Guidelines | Not disclosed. |
Employment Terms
| Term | Detail |
|---|---|
| Start Date | October 21, 2024 (CFO & Secretary). |
| Title | Chief Financial Officer and Secretary (Principal Financial and Accounting Officer). |
| Employment Agreement | Company states officer agreements generally provide for a specific term and set annual salaries and benefits; termination by either party as permitted by law. Specific terms for Eve Chan not disclosed. |
| Auto-Renewal | Initial terms for certain employment agreements automatically extend yearly unless notice is given 60 days prior to expiration; specific applicability to Eve Chan not disclosed. |
| Severance Provisions | Not disclosed for Eve Chan. |
| Change-of-Control (Equity) | 2025 Equity Incentive Plan provides double-trigger acceleration: termination without cause or for good reason within 12 months post-change-of-control accelerates options/SARs and lapses RSU restrictions; performance awards may be paid based on actual/target levels at committee’s discretion. |
| Clawback Policy | Mandatory recoupment of incentive-based compensation upon required financial restatement; applies regardless of misconduct; filed as Exhibit 97 to FY2024 10-K. |
| Insider Trading Policy | Adopted; prohibits hedging, pledging, short sales; policy filed as Exhibit 19.1 to FY2024 10-K. |
Governance, Certifications, and Controls
- SOX Certifications: Eve Chan signed Section 302 certification and Section 906 certification for FY2024.
- Disclosure Controls: Management concluded disclosure controls and procedures were not effective for FY2024.
- Section 16 Compliance: Company believes all required insider forms were timely filed during the past fiscal year.
Compensation Committee and Equity Plan Oversight
- Compensation Committee members: Jianbo Sun (Chair), Lichen Dong, Tian Yang, Mahesh Thapaliya; committee recommended inclusion of compensation materials in proxy.
- 2025 Equity Incentive Plan: Adopted by Board April 16, 2025; shareholder approval in 2025; plan term 10 years; awards non-transferable except by will/descent; plan subject to Wyoming law.
Risk Indicators & Red Flags
- CFO Seat Turnover: Prior CFOs Annie Huang (resigned Dec 13, 2023) and Ken Tsang (resigned Oct 21, 2024); Eve Chan appointed Oct 21, 2024. This turnover elevates retention and execution risk in finance leadership.
- Controls Effectiveness: Management’s disclosure that controls were not effective underscores governance and reporting risk.
- Hedging/Pledging: Prohibitions reduce misalignment risk from collateral pledging and speculative trading.
- Related Party Transactions: None exceeding SEC thresholds in the past two fiscal years.
Investment Implications
- Alignment: No disclosed equity ownership or performance-based awards for Eve Chan in FY2024, suggesting limited pay-for-performance alignment to date; monitor for grants under the 2025 Equity Incentive Plan that could introduce performance metrics and vesting schedules.
- Retention Risk: CFO seat churn (2023–2024) and low cash compensation could indicate retention challenges; stability of the finance function is an execution lever to watch.
- Governance/Controls: SOX certifications are in place, but management’s conclusion that disclosure controls were not effective is a negative governance signal; track remediation progress and any impacts on incentive design or clawback triggers.
- Trading Signals: With prohibitions on hedging/pledging and no reported insider ownership, near-term insider selling pressure is likely minimal; focus on potential new equity grants (8-Ks/proxy updates) that may create future vesting overhangs.