Qi Wang
About Qi Wang
Qi Wang (age 29) is an independent director nominee to the NXTT Board, with a background in AI-driven business growth and SaaS product innovation, including building an AI-GC product matrix and leading commercialization and global strategy initiatives; he holds a bachelor’s degree in computer science and technology from Beijing University of Science and Technology . As of the 2025 proxy, the Board determined all nominees, including Qi Wang, meet Nasdaq independence standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Xinghuo Shenzhi Technology | Head of Product Operations | 2024–2025 | Built AI-GC product matrix; scaled cloud-based tools delivery; improved partner content efficiency |
| ByteDance | AIGC program leader | 2021–2023 | Pioneered mass production mode of AIGC; established international content system; expansion across regions; “AI+IP” project won innovation award |
| Multiple technology companies | Strategic Advisor | Various | Data-driven decision-making; AI-SaaS integration; commercialization planning; global business strategy |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Multiple technology companies | Strategic Advisor | Various | Advisory capacity; no specific public company directorships listed in DEF 14A biography |
Board Governance
- Independence: The Board determined all director nominees are independent under Nasdaq rules, including Qi Wang .
- Committee structure: Audit Committee (Chair: Tian Yang; members: Tian Yang, Lichen Dong, Jianbo Sun, Mahesh Thapaliya); Compensation Committee (Chair: Jianbo Sun; members: Jianbo Sun, Lichen Dong, Tian Yang, Mahesh Thapaliya); Nominating Committee (Chair: Lichen Dong; members: Lichen Dong, Jianbo Sun, Tian Yang, Mahesh Thapaliya). Qi Wang is not listed on any standing committee in the 2025 proxy .
- Audit Committee “financial expert”: The Board determined Tian Yang qualifies as an audit committee financial expert .
- Attendance: In FY 2024, the Board held four meetings; Audit Committee two; Compensation Committee one; Nominating Committee one; each director attended at least 75% of total meetings of the Board and committees on which they served .
- Executive sessions: Independent directors meet in executive sessions at regularly scheduled Board meetings .
Fixed Compensation
| Person | Fiscal Year | Cash Retainer/Fees ($) | Equity ($) | Options ($) | Other ($) | Notes |
|---|---|---|---|---|---|---|
| Qi Wang | 2024 | N/A (not serving in FY 2024) | N/A | N/A | N/A | Nominee for election in 2025 |
| NXTT non-executive directors (context) | 2024 | L. Dong: 60,000; T. Yang: 10,000; M. Thapaliya: 24,000; J. Sun: 24,000 | — | — | — | Prior to FY 2024, directors were paid $33,000 per quarter; not paid during FY 2024 |
Performance Compensation
| Component | FY 2024 | Performance Metrics | Vesting/Terms |
|---|---|---|---|
| Director performance-based pay | None disclosed for directors | N/A | N/A |
- 2025 Equity Incentive Plan permits grants to directors (stock options with exercise price ≥ FMV, SARs with ≤10-year term; post-termination exercise windows vary by cause/death/disability; committee determines vesting and form of payment) .
Other Directorships & Interlocks
| Person | Current Public Company Boards | Committee Roles Elsewhere | Interlocks/Shared Directorships |
|---|---|---|---|
| Qi Wang | None listed in DEF 14A biography | Not disclosed | Not disclosed |
Related party transactions: The Company reports no material related party transactions for directors/officers in the last two fiscal years; Audit Committee reviews/approves any potential related party transactions; pledging, hedging, and short sales are prohibited for directors and officers .
Expertise & Qualifications
- AI commercialization and SaaS product operations; led large-scale AIGC deployment and content production efficiency initiatives .
- Global strategy and cross-industry resource integration; data-driven decision-making .
- Education: bachelor’s in computer science and technology (Beijing University of Science and Technology) .
Equity Ownership
| Holder | Shares Beneficially Owned | % Outstanding | Notes |
|---|---|---|---|
| Directors and executive officers as a group (7 persons) | 0 | 0% | Security ownership table lists director/NEO holdings; Qi Wang not enumerated individually as of Record Date |
- Prohibitions: Hedging, short sales, and pledging of Company stock by directors and officers are prohibited .
Insider Trades
| Person | Date Range | Form 4 Transactions | Notes |
|---|---|---|---|
| Qi Wang | 2024-01-01 to 2025-11-20 | None found | Source: insider-trades skill fetch; no SEC Form 4 records returned for NXTT, person “Qi Wang” on Nov 20, 2025 |
Governance Assessment
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Strengths:
- Board independence affirmed for all nominees, providing oversight quality; Audit Committee has a designated “financial expert,” which enhances financial reporting oversight .
- Clear committee structure with charters; prohibition on hedging/pledging supports alignment and reduces risk .
- Clawback policy adopted in 2024 for executive incentive compensation tied to restatements, aligning executive pay with accurate reporting; indicates broader governance discipline .
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Concerns/RED FLAGS:
- Director/NEO group ownership of 0 shares (0%) may signal limited “skin in the game” and weak ownership alignment, particularly for a small-cap, growth-stage company .
- Related-party oversight is case-by-case without specific procedures adopted by the Audit Committee; while compliant, ad hoc reviews can be less robust than formalized processes .
- Limited disclosure of director-specific performance-linked compensation or ownership guidelines in the proxy, reducing visibility into pay-for-performance alignment for directors .
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Implications for investor confidence:
- Qi Wang’s AI/SaaS commercialization expertise is a positive signal for NXTT’s stated strategy towards AI-generated content and digital services .
- Absent personal equity holdings and undefined director pay-performance linkage may be viewed cautiously by governance-focused investors until ownership builds or policy disclosure improves .