Chow Wing Loke
About Chow Wing Loke
Chow Wing Loke (age 54) serves as Chief Financial Officer of Technology & Telecommunication Acquisition Corporation (TETE). He is a Fellow of the Chartered Association of Certified Accountants (FCCA) and has decades of finance and operating experience across automotive, waste recycling, and technology sectors .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| A&C Technology Waste Oil Sdn Bhd | Director; later Managing Director & CEO | Director from Aug 2020; MD & CEO from Dec 2020–present | Leads corporate direction and operations; waste oil recycling and wastewater treatment solutions |
| Motos America Inc (formerly WeConnect Tech International Inc) | Chief Financial Officer | Mar 2018–Jun 2020 | Managed finance, corporate finance, and SEC compliance in US |
| Autoliv Hirotako Sdn Bhd | General Manager – Commercial | May 2008–Feb 2018 | Led sales, marketing, procurement; largest safety restraint maker in Malaysia |
| Autoair Holdings Bhd (listed on Bursa Malaysia) | Chief Financial Officer | Feb 2006–Apr 2008 | Restructuring, corporate strategy, and operations stabilisation |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| WMG Resources Sdn Bhd | Director | Feb 2012–present | Private company directorship |
| Mictronics (M) Sdn Bhd | Director | Feb 2016–present | Private company directorship |
| Zen MD International Sdn Bhd | Director | Apr 2016–present | Private company directorship |
| HQL Technology Sdn Bhd | Director | Nov 2016–May 2018 | Private company directorship |
Board Governance
- Role and independence: Loke is the company’s Chief Financial Officer; he is not listed as a board director and therefore is not an independent director. Board independent directors are Raghuvir Ramanadhan, Virginia Chan, and Kiat Wai Du .
- Committee assignments: Audit Committee membership is Ramanadhan, Chan, and Du (Chair and audit committee financial expert). Compensation Committee membership is Ramanadhan, Chan (Chair), and Du. Loke is not on any board committee .
- Attendance and engagement: No director attendance statistics disclosed in the reviewed filings; governance activity is described through committee mandates and SEC certifications .
Fixed Compensation
| Component | Amount | Detail |
|---|---|---|
| Officer cash compensation to date | $0 | “None of our officers has received any cash compensation” prior to the business combination |
| Office/admin support (Sponsor) | $10,000/month | Paid to Sponsor for office space/utilities; not officer compensation; ceases at business combination or liquidation |
Performance Compensation
- Incentive plans and awards: No officer equity or bonus awards disclosed prior to business combination; company adopted an SEC-compliant clawback policy in 2023 .
| Clawback Policy – Covered Metrics | Coverage |
|---|---|
| Stock price; Total Shareholder Return | Covered for recovery of excess incentive compensation upon accounting restatement |
| Revenues; Net Income; EBITDA | Covered |
| Working Capital; Operating Cash Flow | Covered |
| Earnings per Share; Non-GAAP measures | Covered |
Other Directorships & Interlocks
- Current public company boards: None disclosed for Loke .
- Prior public company roles: CFO of Autoair Holdings Bhd (Bursa Malaysia-listed) .
- Interlocks/overlaps: None identified with TETE counterparties; sponsor is controlled by CEO Tek Che Ng, not by Loke .
Expertise & Qualifications
- Credentials: Fellow of the Chartered Association of Certified Accountants (FCCA) .
- Technical/industry experience: Finance leadership across automotive manufacturing, safety systems, waste oil recycling, water treatment, and technology; SEC compliance experience in a US-listed context .
- Governance qualifications: Principal Financial Officer; executed SOX Section 302 and Section 906 certifications on Form 10-K .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Chow Wing Loke | Not reported (dash shown) | Not reported | Beneficial ownership table shows “-” for Loke, indicating no shares reported as of the disclosure dates |
| Context – Shares Outstanding | 6,384,209 Class A (as of Mar 4, 2024) | — | Company total outstanding shares; for context only |
- Options/RSUs: No officer equity awards disclosed prior to business combination .
- Pledging/hedging: No pledging or hedging disclosures for Loke identified in filings .
Governance Assessment
- Role clarity and independence: Loke is CFO, not an independent director; governance scrutiny should focus on his certifications, control environment, and financial reporting integrity .
- Control environment: Management disclosed material weaknesses in internal control over financial reporting and ineffective disclosure controls as of Nov 30, 2023—RED FLAG requiring sustained remediation; remediation steps are in progress .
- Financial condition and going concern: Auditor and management flagged substantial doubt about going concern given mandatory liquidation timelines—governance and execution risk for a SPAC nearing deadlines .
- Sponsor-related exposures: Sponsor loans fund extensions and are convertible into units/equity, and Sponsor receives monthly office/admin payments—alignment and dilution considerations for public holders; Loke not party to these arrangements but operates within this governance context .
- Listing/compliance risk: Nasdaq’s 36-month SPAC deadline and potential immediate suspension/delisting if no business combination by Jan 20, 2025—significant market/trading risk; underscores importance of CFO’s execution and compliance posture—RED FLAG if deadlines missed .
- Clawback adoption: Company’s clawback policy aligns with SEC Rule 10D and exchange standards—positive governance signal enhancing pay-for-performance integrity in future award structures .
Implications for investors: Loke’s CFO certifications amid identified control weaknesses heighten reliance risk on financial reporting; SPAC-specific timeline, sponsor convertibles, and listing risks can pressure alignment and investor confidence until a de-SPAC is completed and governance stabilizes .