Hopefully, English is your second language and you speak some form of Chinese if you are considering being on the board of this company. Quite frankly, if you dont have any clue about what percentage of ownership requires filing and board representation I dont think you have much to offer this public company as a board member or director. Current management seems to have a pretty good idea of how to run this business and I dont think they need you giving them Da'bizness.
Im not trying to be harsh for the sake of being argumentative. You should really consider whether holding a stake large enough that it requires you having a seat might cause a hindrance to your personal goal as a shareholder. No matter how much you own if you serve no purpose and cause trouble you and the majority of your shares can be run out of town on a rail by the majority. :)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.