Rising Dragon Adds Veteran Independent Director to Board

An announcement from Rising Dragon Acquisition Corp. ( (RDAC) ) is now available.

On March 12, 2026, Rising Dragon Acquisition Corp. announced that director Kei Tung Yeung resigned from the board, with the company specifying that his departure did not stem from any disagreement. On the same date, the board appointed veteran Chinese CPA and tax agent Xiaomin Pang, who brings over 25 years of experience in audit, financial controls, and corporate governance, and whose independence and lack of related-party ties are expected to bolster the SPAC’s financial reporting rigor and risk management framework.

The company highlighted Mr. Pang’s leadership roles at Shanxi Zhengyu Certified Public Accountants and prior CFO positions at Guangcai Group Shanxi Industrial Development and Shanxi Beidou Hanhai Technology, where he oversaw financial reporting and internal controls for companies preparing to list publicly. His appointment signals a strengthening of governance and oversight capabilities at Rising Dragon Acquisition Corp., a critical factor for investors assessing the integrity and readiness of a SPAC as it evaluates potential merger targets.

More about Rising Dragon Acquisition Corp.

Rising Dragon Acquisition Corp. operates as a special purpose acquisition company focused on identifying and merging with businesses, typically to take them public and provide access to capital markets. As a SPAC, its primary role is financial structuring and corporate transactions rather than producing goods or services, targeting companies that can benefit from public-listing opportunities and enhanced governance.

Average Trading Volume: 39,068

Technical Sentiment Signal: Sell

Current Market Cap: $39.75M

For an in-depth examination of RDAC stock, go to TipRanks’ Overview page.