Chow Wing Loke
About Chow Wing Loke
Chow Wing Loke (age 54) is the Chief Financial Officer (Principal Financial and Accounting Officer) of Technology & Telecommunication Acquisition Corporation (TETEF). He is not a director and therefore not an “independent director” under Nasdaq rules; the board’s independent directors are Raghuvir Ramanadhan, Virginia Chan, and Kiat Wai Du . Loke is an FCCA-qualified accountant with prior CFO and commercial leadership roles across manufacturing and technology; his CFO certifications and Section 906 attestations are current as of FY2024 and Q3 2025 filings .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| A&C Technology Waste Oil Sdn Bhd | Director (Aug 2020), later Managing Director & CEO (Dec 2020–present) | 2020–present | Leads corporate direction, strategy, and operations in industrial waste oil recycling |
| Motos America Inc. (formerly WeConnect Tech International Inc.) | Chief Financial Officer | Mar 2018–Jun 2020 | Managed finance, corporate finance, and SEC compliance for US operations and diversification into oil & gas/green tech |
| Autoliv Hirotako Sdn Bhd | GM – Commercial | May 2008–Feb 2018 | Led business development, sales/marketing, procurement for Malaysia’s largest auto safety restraint maker |
| Autoair Holdings Bhd (Bursa Malaysia-listed) | Chief Financial Officer | Feb 2006–Apr 2008 | Corporate restructuring, strategy and operational revamp across manufacturing and property |
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 |
| Multiple “Kopitiam 95” entities and 95 Group subsidiaries | Director | Oct 2020–Oct 2021 | Short-term food & beverage franchise roles |
| 95 Distribution/95 Market Sdn Bhd | Director | Dec 2020–Oct 2021 | Distribution/retail roles |
Signal: Active external executive roles (A&C Technology Waste Oil) continue while serving as TETEF CFO; potential conflict if related-party dealings arise, though none disclosed to date .
Board Governance
- Status: Officer (CFO), not a board member; not “independent” and does not sit on committees .
- Board committees: Audit Committee chaired by Kiat Wai Du; members include Virginia Chan and Raghuvir Ramanadhan; Compensation Committee chaired by Virginia Chan; same members; no standing nominating committee (independent directors handle nominations) .
- Committee cadence: Audit Committee to meet at least quarterly per Articles; audit committee financial expert required; related-party reviews via Audit Committee .
- Attendance: Not disclosed for individual officers/directors in filings reviewed.
Fixed Compensation
| Component | Amount/Terms | Source |
|---|---|---|
| Cash salary | None paid to officers (including CFO) prior to business combination | |
| Director cash retainers/meeting fees | None disclosed; SPAC indicates no compensation paid to directors pre-combination | |
| Office/administrative support (Sponsor) | $10,000 per month to Sponsor; ceases at business combination or liquidation |
Performance Compensation
| Component | Metrics | Vesting/Schedule | Notes |
|---|---|---|---|
| Equity awards (RSU/PSU) | Not disclosed | Not disclosed | SPAC indicates no incentive-compensation plans administered for officers pre-combination |
| Options | Not disclosed | Not disclosed | No officer equity compensation disclosed pre-combination |
| Bonus/COC/Severance | Not disclosed | Not disclosed | No employment agreements or severance for officers disclosed |
Other Directorships & Interlocks
- Current public company boards: None disclosed for Loke –.
- Private company roles: Multiple Malaysian private entities (see External Roles) .
- Interlocks/potential conflicts: Sponsor-controlled related-party environment (office fees, extension loans convertible to units) managed under Audit Committee policy; no transactions disclosed involving Loke-controlled entities .
Expertise & Qualifications
- Credential: Fellow Member, Chartered Association of Certified Accountants (FCCA) .
- Industry experience: Automotive manufacturing, technology, oil & gas/green tech, recycling; SEC and US regulatory exposure (prior US CFO role) .
- Financial reporting: Executed SOX Section 302 and 906 certifications for FY2024 and Q3 2025 .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Chow Wing Loke | 0 | <1% | No reported beneficial ownership in FY2024 10-K table |
| Sponsor (Technology & Telecommunication LLC) | 3,407,500 | 85.57% | Founder + placement shares; Mr. Tek Che Ng may be deemed beneficial owner |
| Meteora Capital, LLC | 525,704 | 8.80% | Schedule 13G/A (Feb 14, 2025) |
Pledging/hedging: Not disclosed; Insider Trading Policy: not yet adopted at SPAC level (post-combination expected) .
Governance Assessment
- Role correction: Filings show Loke is CFO, not an independent director; governance analysis should treat him as an officer without committee roles .
- Independence and conflicts: Sponsor-centric financing (office fees, extension loans convertible into units) creates structural conflicts; audit committee policy requires quarterly review and approval of related-party transactions; officers (including CFO) receive no cash compensation pre-combination, which limits direct-pay conflicts but heightens alignment to closing a deal that repays sponsor loans or converts them into equity .
- Control and risk indicators:
- Material weakness in internal control over financial reporting (segregation of duties, insufficient policies) as of FY2024; remediation in progress .
- Going concern emphasis: substantial doubt until business combination deadline; reliance on sponsor loans; limited cash outside trust .
- Securities delisted from Nasdaq and trading OTC Pink since Jan 23, 2025, increasing liquidity and financing risks .
- Audit Committee quarterly cadence and related-party oversight specified in Articles; committee composition independent .
- RED FLAGS:
- Delisting to OTC Pink (liquidity/financing constraints) .
- Going concern doubt and reliance on sponsor financing .
- Convertible extension loans from Sponsor (potential dilution/alignment incentives) .
- Material weakness in ICFR (segregation of duties/policy gaps) .
Implications for investors: Loke’s lack of cash/equity compensation pre-combination aligns his outcome primarily with deal completion rather than long-term performance; sponsor convertibles and OTC status heighten execution and governance risk until a successful business combination and listing transition are achieved .