Haichen Wang
About Haichen Wang
Haichen “H.C.” Wang is Group CFO of Webull Corporation and became a director of the surviving company in SKGR’s merger structure on April 14, 2025; prior to the merger, he was not on SKGR’s board . He holds a JD from NYU School of Law and a BA from Cornell University, and was born in March 1983 . Tenure highlights include CFO of Webull since 2021 and a director of Feather Sound II Inc. (the surviving company in SKGR’s merger) from April 2025 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Webull Corporation | Chief Financial Officer | 02/2021 – Present | Member of corporate Risk Management Committee |
| Youxin Financial | Chief Financial Officer | 01/2018 – 01/2021 | Not disclosed |
| Didi Global | Director of Strategy | 08/2016 – 12/2017 | Strategy leadership |
| Uber China | Head of Corporate Development | 06/2016 – 07/2016 | Corporate development |
| Goldman Sachs (IBD) | Executive Director | 06/2012 – 05/2016 | Investment banking execution |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Feather Sound II Inc. (Surviving Company in SKGR merger) | Director | 04/14/2025 – | Board director post-merger |
| Webull Corporation (NASDAQ: BULL) | Director & CFO | 2025 filing period | Member of corporate Risk Management Committee; management director (not independent) |
| Webull Securities (UK) Ltd | Director | Current (UK registry) | UK subsidiary governance |
Board Governance
- Status and independence: Wang was not an SKGR director pre-merger; at closing, he became a director of the surviving company while serving as Group CFO of Webull, which is a management role and therefore not independent under Nasdaq norms .
- Controlled company risk: Webull is a “controlled company” under Nasdaq rules due to founder Anquan Wang’s 81.4% voting power via Class B shares, allowing exemptions from certain independent board/committee requirements (e.g., majority independent board, fully independent comp/nomination committees) .
- Committee involvement: Member of Webull’s Risk Management Committee (chair: Anquan Wang); compensation and nominating committees are chaired by Anquan Wang with one independent director (William Houlihan) .
Fixed Compensation
| Item | FY 2024 | Notes |
|---|---|---|
| Aggregate cash paid to executive officers | $4.0 million | Webull total; individual breakdowns (incl. Wang) not disclosed |
| Non-executive director cash compensation | $0 | Webull did not pay non-executive directors in 2024 |
Note: SKGR’s 2025 proxy was an extension meeting without director pay tables; no SKGR director compensation disclosures for Wang (he was not an SKGR director pre-merger) .
Performance Compensation
| Plan/Provision | Detail |
|---|---|
| Global Share Incentive Plan reserve | 49,567,006 Class A ordinary shares available for grants |
| Clawback policy | Adopted under Nasdaq/Exchange Act Section 10D; administered by Compensation Committee |
| Accounting | Share-based compensation recognized under ASC 718 |
Award-level metrics, vesting schedules, and individual grants for Wang are not disclosed in SEC filings reviewed .
Other Directorships & Interlocks
| Company | Role | Potential Interlock/Exposure |
|---|---|---|
| Webull Corporation (BULL) | Director & CFO | Management-director dual role; controlled company structure led by founder Anquan Wang |
| Feather Sound II Inc. (Surviving Company) | Director | Directorship linked to SKGR merger closing |
| Webull Securities (UK) Ltd | Director | UK regulatory oversight responsibilities |
Expertise & Qualifications
- Education: JD, NYU School of Law; BA, Cornell University .
- Technical/functional: Investment banking execution (Goldman Sachs IBD), corporate development (Uber China), strategy (Didi), CFO leadership across fintech organizations .
- Board qualifications: Risk management committee member; senior finance and capital markets experience relevant to audit/risk oversight .
Equity Ownership
- Individual holdings: No specific shareholdings disclosed for Wang in reviewed filings; Webull paid executives $4.0 million cash in 2024 and operates a large equity incentive pool, but individual grant details are not provided .
- Control context: Founder Anquan Wang owns all Class B shares and ~81.4% voting power post-merger, materially influencing board composition and decisions—an alignment and governance risk to independence across the board, including management directors such as H.C. Wang .
Governance Assessment
- Independence and role conflict: Wang serves as both Group CFO and a director of the surviving company—this dual role is not independent and concentrates influence within management, reducing arm’s-length oversight on compensation, risk, and related-party decisions .
- Controlled company exemptions: Webull’s controlled status enables reduced independent director representation on key committees, elevating governance risk and potential pay/performance misalignment; compensation and nominating committees include the controlling founder (chair), with only one independent director noted .
- Related-party and merger process risk: SKGR’s proxies highlighted regulatory review (including possible CFIUS scrutiny) and sponsor arrangements to reduce redemptions—investors should consider how these pre-merger dynamics and subsequent warrant arrangements may affect post-merger governance and shareholder alignment .
- Attendance/engagement: No director-specific attendance data for Wang in SKGR filings; SKGR’s legacy committee activity showed audit held four meetings in 2023 while compensation and nominating held none, but Wang was not serving on those committees at SKGR .
RED FLAGS: Management-director dual role (not independent); controlled company governance exemptions; concentration of voting power; limited transparency on individual executive equity grants; pre-merger sponsor arrangements around redemptions .