Anquan Wang
About Anquan Wang
Anquan Wang is the founder, Chairman, and Chief Executive Officer of Webull Corporation; he became a director of the surviving post-merger SK Growth entity (Merger Sub II) at the time SKGR ceased to exist following the business combination closing in April 2025 . He is 45 years old, with a bachelor’s degree in computer science and technology (2005) and a master’s degree in software engineering (2009) from Hunan University . Prior roles include leadership positions in fintech and payments at Xiaomi Pay and Alibaba/Ant Group (2006–2012; 2015–2016) . He consented in December 2024 to be named as a director of Webull post-closing .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Beijing Xiaomi Pay Technology Co., Ltd. | General Manager of Finance Business | Jan 2015 – Mar 2016 | Led finance business unit |
| Alibaba Group / Ant Group | Various platform/technology roles; director of Taobao loan division; assistant to GM Innovative Financial Services | Mar 2006 – Feb 2012 | Platform development and innovative financial services leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Webull Corporation | Founder; Chairman & CEO; Director | Since inception; continuing through 2025 | Signed F‑1/A, F‑1, S‑8 as CEO/Chair; principal executive officer |
| Webull Holdings (US) Inc. | Authorized U.S. Representative | 2025 filings | Signed as U.S. representative for SEC filings |
| Merger Sub II (Surviving Company of SKGR merger) | Director | Apr 2025 | Appointed at business combination close |
Board Governance
- Independence status: At Webull, Wang serves as Chairman and CEO, which is a non‑independent role . SKGR’s 2024 proxy identified independent directors as Martin Payne, Speaker John Boehner, and Michael Noonen; Wang was not listed as an SKGR director prior to the merger .
- SKGR committee memberships: Audit (Noonen, Payne, Boehner), Nominating (Payne, Noonen), Compensation (Boehner, Noonen); Wang did not serve on SKGR committees pre‑merger .
- Attendance: SKGR reported directors attended ≥75% of board/committee meetings in 2023; no SKGR attendance reported for Wang (not a director at that time) .
- Transition: Effective April 2025, SKGR ceased to exist; all SKGR directors resigned; Wang became a director of the surviving company (Merger Sub II) .
Fixed Compensation
| Component | Detail |
|---|---|
| SKGR pre‑merger director/Officer cash fees | SKGR disclosed no cash compensation to officers/directors prior to initial business combination (aside from $10,000/month admin reimbursement to an affiliate of the sponsor); no SKGR compensation disclosure for Wang (not a director) . |
| Webull CEO/Chair compensation | Not disclosed in the cited filings; 20‑F excerpt provides CEO certification only . |
Performance Compensation
| Metric/Instrument | Detail |
|---|---|
| RSUs/PSUs/Options | Not disclosed for Wang in the cited SKGR/Webull filings . |
| Performance metrics (TSR, EBITDA, etc.) | Not disclosed in the cited SKGR/Webull filings . |
| Vesting schedules | Not disclosed in the cited SKGR/Webull filings . |
| Change‑of‑control/Severance | Not disclosed in the cited SKGR/Webull filings . |
| Clawbacks/Hedging/Pledging | SKGR stated it had no hedging policy; no individual disclosures for Wang in SKGR context . |
Other Directorships & Interlocks
| Company | Role | Potential Interlock/Conflict |
|---|---|---|
| Webull Corporation | Chairman & CEO; Director | Dual role (Chair/CEO) implies concentrated authority; no disclosed related‑party conflicts with SKGR in reviewed documents . |
| Merger Sub II (Surviving Company) | Director | Post‑merger governance continuity; director appointment concurrent with SKGR board resignations . |
Expertise & Qualifications
- Technical/fintech expertise: Platform development, software architecture, innovative financial services at Alibaba/Ant; payments leadership at Xiaomi Pay .
- Education: BS in Computer Science & Technology (2005); MS in Software Engineering (2009), Hunan University .
- Regulatory/Reporting: Signed multiple SEC filings as principal executive officer; SOX 906 certification on the 2024 Form 20‑F .
Equity Ownership
- Beneficial ownership: Not disclosed for Wang in the cited excerpts; no SKGR Section 16 reporting relates to him pre‑merger (he was not an SKGR director) .
- Insider trades: Not disclosed in the cited filings.
Governance Assessment
- Board role and independence: Wang’s current governance role is as Chairman/CEO/Director at Webull and Director of the post‑merger surviving SKGR entity; this is not independent and concentrates authority, a typical governance trade‑off for founder‑led companies .
- Committee oversight: No evidence of audit/compensation/nominating committee membership by Wang at SKGR prior to merger; SKGR committees were comprised of independent directors prior to the business combination .
- Transition signal: The April 2025 8‑K reflects a clean transition where SKGR dissolved and Wang joined the surviving entity’s board; resignations were “not due to any disagreement,” which reduces governance red‑flag risk around the changeover .
- Disclosure gaps: Compensation and ownership specifics for Wang are not disclosed in the cited filings; investors should monitor future Webull proxy/20‑F for pay structure, equity alignment, and any related‑party transactions .
RED FLAGS
- Dual role as Chairman and CEO (non‑independent leadership) .
- Limited disclosure in cited documents on compensation, ownership, and related parties; requires ongoing monitoring in Webull’s future filings .
Important context: SKGR proxies (2024, extension in 2025) did not list Anquan Wang as a director; he became a director of the surviving entity at closing. Pre‑merger SKGR committees and director independence did not involve Wang .