Nan Ding
About Nan Ding
Nan Ding, age 45, is Chief Operating Officer of Next Technology Holding Inc. (NXTT), serving since January 2024; the proxy lists his officer start date as January 5, 2024, and the company’s 8‑K records his appointment effective January 12, 2024 . He holds a bachelor’s degree in International Economic Management from University of Science and Technology Beijing and brings 24 years of operational management experience across cross-border investment, supply chain finance, equipment manufacturing, and international trade . NXTT’s 2025 proxy shows no disclosed executive-specific performance metrics tied to pay (e.g., revenue, EBITDA, TSR) for FY2024 NEOs; compensation is predominantly cash salary with no equity grants reported for the year, limiting direct pay-for-performance linkage for Ding in the latest period .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Japan Zhaoyuan Trading Co., Ltd. | Founder | 2012–2023 | Built cross-border investment and bulk commodities international trade capability |
| Japan Toyo Trading Co., Ltd. | Founder | 2012–2023 | Expanded international trade operations across bulk commodities |
| Haimeng Tongshang Co., Ltd. | Founder | 2007–2012 | Developed environmental protection industry manufacturing capacity |
| Haimeng New Energy Technology Co., Ltd. | Founder | 2007–2012 | Established new energy equipment manufacturing operations |
| Municipal project engineering services | — | Prior 8 years (pre‑2007) | Provided municipal engineering services experience base |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| — | — | — | No current public company board roles or external directorships disclosed |
Fixed Compensation
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Base Salary (USD) | — | $24,000 |
| Target Bonus (%) | — | — (not disclosed) |
| Actual Bonus Paid (USD) | — | — |
| Stock Awards (Fair Value, USD) | — | — |
| Non‑Equity Incentive Plan Compensation (USD) | — | — |
| All Other Compensation (USD) | — | — |
| Employment Agreement Salary (USD) | — | $24,000 (annual, auto‑renewing) |
Notes:
- Ding’s 2024 salary is reported in the NEO compensation table; no bonus, equity, or NEIP amounts were disclosed for FY2024 .
- His employment agreement sets annual salary at $24,000 and includes automatic annual renewal absent 60‑day notice .
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| — | — | — | — | — | — |
- NXTT’s FY2024 proxy does not disclose any performance-based compensation (bonuses, PSUs, NEIP payouts) for Ding; no metric targets or vesting outcomes are reported for him for FY2024 .
- Company adopted a 2025 Equity Incentive Plan allowing options, RSUs, performance share awards, SARs, and cash awards, with Committee authority over performance goals, vesting, and potential adjustments (including restrictions on repricing without shareholder approval). No specific awards to Ding are disclosed in FY2024 materials .
Equity Ownership & Alignment
| Category | Value |
|---|---|
| Total Beneficial Ownership (shares) | 0 (as of record date) |
| Ownership (% of shares outstanding) | 0% (basis: 436,265,135 shares outstanding at record date) |
| Vested vs. Unvested Shares | — (no RSUs/PSUs disclosed for FY2024) |
| Options (Exercisable / Unexercisable) | — (none disclosed for FY2024) |
| Shares Pledged as Collateral | — (no pledging disclosure in proxy; beneficial ownership table shows 0 shares for Ding) |
| Stock Ownership Guidelines | — (not disclosed) |
| Insider Trading Policy | Company policy prohibits short‑term/speculative transactions by insiders; Section 16 filings reported timely for the past year |
Employment Terms
| Term | Detail |
|---|---|
| Position | Chief Operating Officer |
| Appointment / Start Date | Appointed Jan 12, 2024 per 8‑K; proxy lists officer since Jan 5, 2024 |
| Contract Term Length | Initial 1‑year term; auto‑renew annually unless 60‑day prior notice |
| Base Salary | $24,000 annually |
| Severance | Not disclosed for officers; directors’ agreements (for certain directors) specify no severance and no change‑of‑control terms |
| Change‑of‑Control | Not disclosed for officers; directors’ agreements (for certain directors) exclude change‑of‑control terms |
| Non‑Compete / Non‑Solicit | Not disclosed in Ding’s agreement excerpt; CTO agreement includes a 6‑month non‑solicit post‑termination (illustrative of company practice, but not specific to Ding) |
| Governance/Conduct | Must obtain Board approval before major legal actions (contracts, guarantees, public activities) in company’s name; violations subject to investigation and damages |
| Termination | Agreement may be terminated by either party as permitted by law (general officer agreements) |
Investment Implications
- Pay-for-performance alignment: For FY2024, Ding’s compensation is entirely fixed cash salary with no disclosed equity grants or incentive payouts, limiting direct linkage between pay and performance. Absent equity holdings (0 shares), alignment with shareholders is structurally weak in the most recent period .
- Insider selling pressure: With no reported equity awards and zero beneficial ownership at the record date, near-term insider selling pressure driven by vesting schedules appears minimal. Future pressure would depend on grants under the 2025 Equity Incentive Plan, which permits options/RSUs/PSUs with performance goals .
- Retention risk: Low cash compensation and an auto-renewing one‑year contract could pose retention risk if external opportunities offer higher guaranteed or equity-heavy pay; however, Ding’s governance obligations and operational role may support continuity. The agreement’s requirement for Board approval on major actions reinforces internal control and accountability .
- Change‑of‑control economics: No officer severance or change‑of‑control terms are disclosed for Ding; certain directors have explicit exclusions. Lack of defined parachute terms reduces potential windfall but also leaves terms ambiguous for investors assessing transaction scenarios .
- Governance and compliance: Insider Trading Policy and timely Section 16 compliance indicate baseline governance hygiene. The Compensation Committee states pay programs do not create material adverse risk, though the absence of performance-contingent pay for Ding in FY2024 suggests limited incentive alignment pending future equity plan usage .
Sources:
- Executive biographies, officer ages/tenure; director compensation and employment agreement renewal terms .
- NEO compensation table (FY2024/2023) .
- Beneficial ownership table (record date basis and 0% for executives/directors as a group) .
- 2025 Equity Incentive Plan purpose, eligible awards, administration powers, option/SAR terms, performance goals, and adjustment mechanics .
- Ding employment agreement (salary, auto‑renewal; Board approval constraints for major actions) ; appointment date .
- CTO employment agreement (non‑solicit example), for company practice context .
- Insider Trading Policy and Section 16 compliance .