Management ChangeNov 6, 2026, 05:06 PM
Ridgetech Appoints Lingtao Kong as CEO; Ming Zhao Remains CFO
AI Summary
Ridgetech, Inc. announced the appointment of Mr. Lingtao Kong, the current Chair of the Board, as the Company's Chief Executive Officer, effective November 1, 2026. Mr. Kong will continue in his role as Chair. Concurrently, Mr. Ming Zhao has ceased serving as Interim CEO but will continue as Chief Financial Officer. Mr. Kong has entered into a two-year employment agreement with an annual cash compensation of HK$840,000.
Key Highlights
- Lingtao Kong appointed CEO of Ridgetech, Inc., effective November 1, 2026.
- Kong will continue as Chair of the Board.
- Ming Zhao steps down as Interim CEO, remains CFO.
- Kong's employment agreement is for a two-year term ending October 31, 2028.
- Kong's annual cash compensation is HK$840,000 (approx. USD 108,000).
- The agreement includes provisions for business expense reimbursement and D&O insurance.
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