Kei Tung Yeung
About Kei Tung Yeung
Kei Tung Yeung (age 53) has served as a director of Rising Dragon Acquisition Corp. (RDAC) since March 2024. A Hong Kong citizen and resident, he is an experienced investor and company co‑founder in Greater China with more than 20 years across media/culture, winter sports, and new energy. He holds an honors diploma in business management from Lingnan University (1994) and a master’s in management & business administration from the University of Surrey (1999) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| WPP Group / Wunderman Thompson | Business Lead Partner | Nov 2021 – Mar 2024 | Media and communications leadership |
| C&S Communication (media/cultural investment) | Founder & CEO | Jan 2010 – Feb 2023 | Founded and led investments |
| Standard Chartered Bank (Hong Kong) | Finance Consultant | 1997 – 1999 | Wealth management advisory |
External Roles
| Organization | Sector | Role | Tenure |
|---|---|---|---|
| QCSPAC Consultant Co. Ltd. | Consulting | General Manager & Co‑Founder | Since Oct 2023 |
| BELLARTE Sportstech (HK) Ltd. | Sports tech/winter sports | Co‑CEO & Co‑Founder | Since Jul 2023 |
| Snow 51 | Ski training | Independent Director | May 2017 – May 2021 |
Board Governance
- Current RDAC board composition and independence: RDAC identifies independent directors as Kun‑Lin Liu, Yucan Zhang, and Chengming Dou. Yeung is listed as “Director,” not among the named independent directors, indicating he is not classified as independent by RDAC .
- Committee assignments (RDAC): Audit Committee (members: Liu, Zhang, Dou; chair: Dou); Compensation Committee (members: Liu, Zhang, Dou; chair: Zhang); Nominating Committee (members: Liu, Zhang, Dou; chair: Liu). Yeung is not listed on any standing committee .
- Post‑merger governance: The proposed PubCo board slate for the HZJL business combination comprises Bin Xiong, Wei Lin Yu, Jun Gang Wang, Jun Chen Sun, and Ye Liu; Yeung is not listed among nominees, signaling potential board turnover upon closing .
- Related‑party and conflicts policy: RDAC requires audit review of related‑party transactions and independent director approval; any business combination with affiliates requires a fairness opinion and approval by disinterested independent directors. Directors and officers agreed to vote any shares they own in favor of a business combination and not to redeem. RDAC’s articles also allow directors to vote on interested transactions with disclosure, which can be a governance risk if not properly overseen .
Fixed Compensation
| Component | Amount/Terms | Notes |
|---|---|---|
| Cash retainer (pre‑business combination) | $0 | RDAC discloses no compensation to initial shareholders, officers, or directors prior to or in connection with the initial business combination (reimbursement of out‑of‑pocket expenses only) . |
| Committee fees | $0 | No pre‑combination director pay disclosed . |
| Meeting fees | $0 | Not disclosed/none prior to business combination . |
Performance Compensation
| Instrument/Metric | Grant/Structure | Vesting/Triggers | Notes |
|---|---|---|---|
| RSUs/PSUs | None pre‑combination | N/A | RDAC states no director comp prior to closing a business combination . |
| Options | None pre‑combination | N/A | No option awards disclosed . |
| Bonus/Perf. metrics (revenue, EBITDA, TSR, ESG) | None pre‑combination | N/A | Not applicable until after business combination; future compensation to be determined by post‑combination board . |
| Clawback/COC | Not disclosed | N/A | No director‑specific provisions disclosed . |
Other Directorships & Interlocks
| Company | Public/Private | Role | Overlap/Interlock Risk |
|---|---|---|---|
| Snow 51 | Not disclosed as public | Independent Director (2017–2021) | No RDAC customer/supplier interlock disclosed . |
| BELLARTE Sportstech (HK) Ltd. | Private | Co‑CEO & Co‑Founder | External operating role; no RDAC‑related transactions disclosed . |
| QCSPAC Consultant Co. Ltd. | Private | GM & Co‑Founder | Consulting focus; no RDAC‑related transactions disclosed . |
No current public company directorships are disclosed for Yeung .
Expertise & Qualifications
- Two decades of venture and operating experience spanning media/culture, winter sports, and new energy; active investor/co‑founder in Greater China .
- Finance and wealth management background (Standard Chartered) .
- Education: Honors diploma in business management (Lingnan University, 1994) and master’s in management & business administration (University of Surrey, 1999) .
Equity Ownership
| Holder | RDAC Ordinary Shares | RDAC Units | As‑of Date |
|---|---|---|---|
| Kei Tung Yeung | 0 | 0 | September 17, 2025 |
Alignment implications: As of the record date, Yeung held no RDAC shares or units; directors are not paid pre‑combination, which limits direct economic alignment pre‑close .
Governance Assessment
- Independence and committee engagement: Yeung is not identified as an independent director and holds no current committee roles, reducing direct involvement in audit, compensation, or nominations oversight. RED FLAG: Non‑independent status and absence from key committees can dilute governance effectiveness for investors focused on independent oversight .
- Ownership alignment: Yeung reported zero shares/units as of Sep 17, 2025. While RDAC prohibits director pay pre‑close, the lack of equity can weaken “skin‑in‑the‑game” alignment prior to a business combination. RED FLAG: Low ownership alignment .
- Conflicts oversight: RDAC’s framework mandates independent review of related‑party transactions and fairness opinions for affiliate deals; however, RDAC’s articles permit directors to vote on interested transactions with disclosure, and all officers/directors agree to vote any shares in favor of a combination. Watch item: process discipline and independent director oversight are critical to mitigate perceived conflicts in SPAC contexts .
- Transition/retention risk: The proposed PubCo board slate does not include Yeung, indicating likely departure from the post‑combination board. This suggests limited ongoing influence on governance of the combined entity—investors should assess the incoming PubCo board’s independence/competence instead. Watch item: board continuity risk across the de‑SPAC .
- Regulatory/geopolitical context: RDAC emphasizes extensive PRC/Hong Kong ties among management and directors and notes potential CFIUS and PRC‑related constraints on targets. Yeung’s Hong Kong residency situates him within this broader geopolitical risk framework, which may influence target selection and investor perception of governance risk .
Notes on Missing Disclosures
- Attendance and engagement: RDAC does not disclose director‑specific attendance rates. Articles provide for vacating office after three consecutive absences without leave, but individual attendance data are not provided .
- Director compensation (post‑combination), ownership guidelines, pledging, hedging, clawbacks, severance/COC: Not disclosed for RDAC directors pre‑combination; future terms to be set by the post‑combination board .