Weihong Liu
About Weihong Liu
Weihong Liu is Chief Executive Officer (principal executive officer) of Next Technology Holding Inc. (NXTT). He was appointed CEO on January 31, 2024, is 31 years old, and holds a bachelor’s degree in Business Management from the University of the West of England . His background emphasizes >10 years of investment and research in crypto assets/blockchain and strategic initiatives in AI-generated content businesses . Company performance during 2024: service revenue of $1.80M and net income from continuing operations of $21.54M, supported by fair value gains in digital assets and Bitcoin holdings (833 BTC at 12/31/24) . As of September 15, 2025, he also signed SEC filings as CEO and Director .
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Service revenue ($USD) | $2.50M | $1.80M |
| Net income from continuing operations ($USD) | $3.02M | $21.54M |
| Digital assets (year-end, $USD) | $35.14M | $78.32M |
| Bitcoin held (year-end) | 833 | 833 |
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Not disclosed in filings; bio cites >10 years’ experience in crypto assets and AI-related business plans | — | — | — |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Not disclosed in NXTT 10-K/DEF 14A for Mr. Liu | — | — | — |
Fixed Compensation
| Year | Role | Base salary ($) | Target bonus % | Actual bonus ($) | Notes |
|---|---|---|---|---|---|
| 2024 | CEO | 22,000 | Not disclosed | — | Compensation accrued from appointment date on 1/31/2024 |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting/Notes |
|---|---|---|---|---|---|
| Not disclosed for 2024 NEOs | — | — | — | — | No RSU/PSU/option grants disclosed for Mr. Liu in 2024 |
- 2025 Equity Incentive Plan (share reserve 80,000,000) enables options, SARs, RSUs, and performance awards across employees (including officers), directors, and consultants; committee discretion on terms .
- Change-in-control terms: unless otherwise set in an award, termination without cause or for good reason within 12 months post-change-in-control accelerates options/SARs and lapses RSU restrictions; performance awards may be settled on actual or target basis at committee discretion .
Equity Ownership & Alignment
| Holder | Shares beneficially owned | % of outstanding | Vested vs unvested detail | Pledged/Hedged |
|---|---|---|---|---|
| Weihong Liu (CEO) | 0 | 0% | Not disclosed | Company policy prohibits pledging, hedging, short sales for directors/officers |
| All directors and officers as a group (7) | 0 | 0% | — | Pledging prohibited per policy |
Additional alignment/disclosure:
- Section 16(a) compliance: company believes all required insider filings were timely in the past fiscal year .
- Stock ownership guidelines: not disclosed .
Employment Terms
- Title/Start: Chief Executive Officer (principal executive officer); appointed January 31, 2024 .
- Employment agreement: filings state officer agreements generally define term/benefits; no specific severance/change-in-control terms disclosed for Mr. Liu .
- Clawback: company adopted Incentive Compensation Recovery Policy in 2024 covering current/former executive officers; applies regardless of misconduct upon financial restatements .
- Change-in-control equity acceleration: as plan default for participants under the 2025 Equity Incentive Plan (double-trigger—qualifying termination within 12 months after change-in-control) .
- Non-compete/non-solicit/garden leave: not disclosed for Mr. Liu .
- Auto-renewal: directors’ employment agreements include auto-renewal annually unless notice; not specified for CEO .
Performance & Track Record
- Strategic pivot and asset base: NXTT operates AI-enabled software development and a Bitcoin acquisition strategy; digital assets of $78.32M at 12/31/24 with 833 BTC, reflecting fair-value gains that materially influenced 2024 profitability .
- 2024 results: service revenue $1.80M; net income from continuing operations $21.54M, primarily due to $43.18M fair value gain on digital assets .
- 2025 developments: On March 12, 2025, NXTT closed an amended contract to acquire 5,000 BTC via issuance of 135.17M shares and 294.12M zero-exercise-price warrants (exercised immediately), increasing outstanding shares to 436,265,135 on closing; transaction valued at ~$158.08M per company disclosures .
- Listing and capital actions: Board sought approval for a reverse stock split (1-for-10 to 1-for-250) to address Nasdaq bid-price compliance and enhance capital access . Company also disclosed an appeal/hearing process related to a Nasdaq determination (public shell status) on Aug 28, 2025 .
- Internal control status: management concluded disclosure controls were not effective; material weaknesses include lack of US GAAP expertise and segregation of duties .
Compensation Committee Analysis
- Committee composition/independence: Compensation Committee consists of Jianbo Sun (Chair), Lichen Dong, Tian Yang, and Mahesh Thapaliya; all deemed independent under Nasdaq rules .
- Responsibilities include senior executive pay packages, long-term incentive plans, and selection of independent advisors/consultants; no specific consultant engagement disclosed for 2024 .
Say-on-Pay & Shareholder Feedback
- 2025 annual meeting included non-binding say-on-pay and frequency votes; Board recommends “FOR” say-on-pay and “THREE YEARS” on frequency . (Vote outcomes not yet disclosed in the proxy .)
Related Party Transactions
- Company reports no related party transactions meeting Item 404 thresholds in the last two fiscal years .
Expertise & Qualifications
- Education: Bachelor’s in Business Management, University of the West of England .
- Domain expertise: >10 years in crypto assets/blockchain investment and research; strategic planning in AI-generated content domains .
- Regulatory/signatory roles: Signed multiple SEC filings in 2025 as CEO (and as CEO/Director by September 2025) .
Risk Indicators & Red Flags
- Internal controls: identified material weaknesses and ineffective disclosure controls .
- Listing risk: reliance on reverse split to address bid-price compliance and broader Nasdaq concerns; company disclosed a hearing regarding a delisting determination in Aug 2025 .
- Significant share issuance for BTC acquisitions: material dilution in March 2025 tied to 5,000 BTC acquisition (shares and warrants) .
- Anti-pledging/hedging: policy prohibits hedging and pledging by directors and executive officers (reduces misalignment risk) .
Investment Implications
- Alignment: 2024 CEO pay was minimal cash ($22k) with no disclosed equity/bonus, and beneficial ownership is 0 shares—current skin-in-the-game is low; monitor implementation of the 2025 Equity Incentive Plan for future equity alignment and structure (e.g., performance vs time-based vesting) -.
- Retention/COC: No CEO-specific severance or COC cash economics disclosed; equity, if granted, would be subject to plan’s double-trigger acceleration—both a retention tool and potential change-in-control windfall lever .
- Governance/controls overhang: reported material weaknesses and Nasdaq compliance remediation needs may weigh on investor confidence until remediated; cadence of capital actions (reverse split authorization, significant equity issuance for BTC) amplifies execution and governance scrutiny - .
- Execution focus: 2024 profitability was driven by digital asset fair value gains; assessing management’s operational execution in software development and risk management of Bitcoin strategy remains critical to evaluating long-term value creation under Mr. Liu’s leadership -.
Note: Where items are not disclosed in the latest DEF 14A/10-K/8-Ks, they are omitted above consistent with filings reviewed.