Chengming Dou
About Chengming Dou
Chengming Dou is an independent director of Rising Dragon Acquisition Corp. (RDAC), age 43, serving since October 10, 2024; he is designated the audit committee financial expert based on extensive accounting and governance experience . His background includes auditor at Deloitte Touche Tohmatsu CPA Ltd. (2016–2019), CFO and Vice President at Zhejiang Qixing Electronics Corp., Ltd. (Jul 2022–Oct 2023), and CEO/General Manager at Shanghai Saijian Enterprise Management Co., Ltd. (Jan 2020–Jun 2022 and since Oct 2023); he holds a bachelor’s degree from Jiaotong University (2003) . RDAC identifies Dou as an independent director alongside other independents and notes regularly scheduled meetings of independent directors .
Past Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Deloitte Touche Tohmatsu CPA Ltd. | Auditor | 2016–2019 | External audit experience |
| Zhejiang Qixing Electronics Corp., Ltd. | CFO and Vice President | Jul 2022–Oct 2023 | Industrial capacitors manufacturer |
| Zhejiang Qixing Electronics Corp., Ltd. | Financial Adviser | Oct 2023–present | Financial advisory to industrial manufacturer |
| Shanghai Saijian Enterprise Management Co., Ltd. | CEO and General Manager | Jan 2020–Jun 2022; Oct 2023–present | Financial advisory services provider |
External Roles
| Organization | Current Role | Start Date | Focus/Impact |
|---|---|---|---|
| Zhejiang Qixing Electronics Corp., Ltd. | Financial Adviser | Oct 2023 | Corporate finance and accounting advisory |
| Shanghai Saijian Enterprise Management Co., Ltd. | CEO and General Manager | Oct 2023 | Financial advisory operations leadership |
Board Governance
- Independence: RDAC identifies Dou as one of three independent directors; independent directors hold regularly scheduled sessions; affiliated transactions require approval by a majority of independent and disinterested directors .
- Committee assignments: Audit Committee (Chair; financially literate; designated audit committee financial expert), Compensation Committee (member; chaired by Yucan Zhang), Nominating Committee (member; chaired by Kun-Lin Liu) .
- Engagement and attendance disclosure: RDAC discloses independent director meetings but does not disclose individual attendance rates in the proxy; no additional attendance data found .
- Post-merger continuity: PubCo’s board post-closing will consist of five directors (three independents: Jun Gang Wang, Jun Chen Sun, and Ye Liu); Dou is not listed as a PubCo director, implying no ongoing board role after the Business Combination .
- Controlled company and super-voting structure post-merger: PubCo intends to rely on Nasdaq “controlled company” exemptions; Class B shares carry 10 votes per share and the controlling shareholder will hold ~80–83% voting power post-closing, reducing minority investor protections .
Fixed Compensation
| Component | Amount/Status | Period/Notes |
|---|---|---|
| Annual retainer (cash) | None paid prior to or in connection with RDAC’s initial business combination | SPAC-stage policy; reimbursement only for out-of-pocket expenses |
| Committee membership fees | None paid pre-combination | Determined post-combination by the future board |
| Committee chair fees | None paid pre-combination | Determined post-combination by the future board |
| Meeting fees | None paid pre-combination | Determined post-combination by the future board |
Performance Compensation
| Element | Terms/Status | Notes |
|---|---|---|
| Stock awards (RSUs/PSUs) | None disclosed pre-combination | Director/equity compensation to be determined post-combination by PubCo board; Dou not slated for PubCo board |
| Option awards | None disclosed pre-combination | Determined post-combination |
| Performance metrics (TSR, EBITDA, etc.) | Not applicable pre-combination | Compensation plans to be set by PubCo committees |
| Termination/Severance/Clawbacks | No termination benefits agreements disclosed for officers/directors at RDAC stage | Future PubCo policies not specified in proxy |
Equity Ownership
| Security | Holdings | Notes |
|---|---|---|
| RDAC Ordinary Shares | 0 | As of Sept 17, 2025 beneficial ownership table shows no holdings for Dou |
| RDAC Units | 0 | No units listed for Dou |
Expertise & Qualifications
- Accounting and audit: Deloitte audit tenure (2016–2019), financial literacy, and audit committee financial expert designation .
- Corporate finance leadership: CFO/VP experience and ongoing financial adviser role at Zhejiang Qixing Electronics Corp., Ltd. .
- Operational leadership: CEO/GM roles at Shanghai Saijian Enterprise Management .
- Education: Bachelor’s degree from Jiaotong University (2003) .
Governance Assessment
- Strengths: Independent status; audit chair with “financial expert” designation; independent-only sessions; no RDAC equity holdings reducing personal alignment conflicts at SPAC stage .
- Risks/RED FLAGS:
- Controlled company status and dual-class super-voting post-merger likely weakens committee independence and minority protections; PubCo intends to use Nasdaq exemptions, and controlling shareholder will hold ~80–83% voting power immediately after closing .
- Board continuity risk: Dou is not slated to join PubCo’s board post-merger, reducing continuity of audit leadership through the transition .
- Sponsor economics misalignment: Sponsor can earn positive returns even if public shareholders experience losses; directors affiliated with Sponsor waived redemption/liquidation rights, creating pressure to consummate a deal; although Dou holds no RDAC securities, these dynamics can influence board-level decisions broadly .
- China-related regulatory and audit risks: PCAOB inspection uncertainties and PRC regulatory constraints could impair financial oversight quality and investor protections at PubCo, elevating audit committee workload and risk profile for any successor audit chair .
Overall signal: Dou’s audit expertise and independence support pre-merger board effectiveness, but post-merger controlled company status and his absence from PubCo’s board are material governance risks for investor confidence .