Next Technology Holding Inc. announced on November 9, 2026, that Dr. Hongliang Liu has resigned as Chief Technical Officer, a position he held since the date of the report. The company stated that Dr. Liu’s resignation was not the result of any disagreement regarding the company’s operations, policies, or practices.
Immediately following Dr. Liu’s resignation, the Board of Directors approved the appointment of Chan Phang Chuen as the new Chief Technical Officer, effective November 9, 2026. Mr. Chan, aged 35, is described as a technology expert specializing in frontier intelligent systems and next-generation computing architectures. His background includes experience with large-scale distributed intelligent systems, high-performance computing infrastructure, and the integration of artificial intelligence with the physical world.
Before joining Next Technology Holding, Mr. Chan served as Platform Architect at Cerebro Lab, where he managed computing power resource pool design and multi-tenant quota management. He previously worked as a Senior Compute Engineer at Twistcode Technologies, leading the scheduling layer for its Acceleration-as-a-Service and AI-as-a-Service platforms.
Mr. Chan holds a Bachelor of Computer Science from the University of Malaya and a Master of Computer Science from the National University of Singapore. As CTO, he will be responsible for formulating and executing the company’s research and development investments and overseeing all R&D work during business expansion.
In connection with his appointment, Mr. Chan entered into an Executive Employment Agreement dated November 9, 2026. Under the terms of the agreement, he will receive an annual base salary of US$480,000 and is eligible for an annual performance bonus with a target amount equal to 50% of his base salary. Additionally, subject to R&D progress and Board approval, the company may grant a special incentive award of up to US$10,000,000 per year, payable in cash and/or shares. Mr. Chan is also eligible for equity awards under the company’s 2025 Equity Incentive Plan.
The employment term is one year and may be renewed by mutual negotiation. The agreement outlines specific termination conditions, including immediate termination for cause or termination without cause upon 30 days’ notice or payment of 30 days of base salary. Mr. Chan is also subject to a 12-month non-competition and non-solicitation restriction following termination.
