Dogness (International) Corporation Announces Chairman and CEO Silong Chen Voluntarily Cuts Base Salary in Half
Dogness CEO Silong Chen has voluntarily halved his base salary to align leadership pay more closely with shareholder interests.
Rhea-AI Summary
Dogness (International) Corporation (DOGZ) announced that Chairman and Chief Executive Officer Silong Chen has voluntarily cut his monthly base salary in half, from $10,000 to $5,000, effective September 1, 2026.
The company describes the reduction as part of its commitment to building a leaner organization and tying leadership compensation more closely to shareholder interests. Dogness states that Mr. Chen’s decision is intended to show confidence in the company’s future and to ensure leadership directly shares in the business’s risks and rewards.
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Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 01 | Earnings report | Negative | -2.1% | Revenue decline and wider net loss accompanied tariff pressure and lower cash. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
The available prior earnings event was followed by a negative price reaction, aligned with its negative operating results.
Key Terms
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AI-generated analysis. How Rhea-AI works. Not financial advice.
DONGGUAN,
The voluntary reduction reflects Dogness's commitment to building a leaner, stronger organization and aligning leadership compensation directly with shareholder interests. By reducing his own base salary, Mr. Chen is demonstrating his confidence in the Company's future and his belief that leadership should share directly in both the risks and rewards of the business.
About Dogness
Dogness (International) Corporation was founded in 2003 from the belief that dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness' technology simplifies pet lifestyles and enhances the relationship between pets and pet caregivers. The Company ensures industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which has resulted in over 200 patents and patents pending. Dogness products reach families worldwide through global chain stores and distributors. For more information, please visit: ir.dogness.com.
Forward Looking Statements
No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the impact of U.S. tariffs policy on our exports to the United States and related effects on our price competitiveness and overall profitability, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China and the U.S., our ability to attract and retain highly skilled professionals, client concentration, industry segment concentration, reduced demand for technology in our key focus areas, our ability to successfully complete and integrate potential acquisitions, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
Investor Relations Contact:
WFS Investor Relations Inc.
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)
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SOURCE Dogness (International) Corporation
FAQ
What executive compensation change did Dogness (DOGZ) announce for CEO Silong Chen?
Dogness announced that Chairman and CEO Silong Chen has voluntarily reduced his monthly base salary by 50%, from $10,000 to $5,000, effective September 1, 2026.
When does the Dogness (DOGZ) CEO salary reduction take effect?
The voluntary salary reduction for Dogness Chairman and CEO Silong Chen takes effect on September 1, 2026.
Why did the Dogness (DOGZ) CEO decide to cut his base salary in half?
The company states that Silong Chen’s voluntary salary cut reflects Dogness’s commitment to a leaner, stronger organization and to aligning leadership compensation directly with shareholder interests.
How much is the new monthly base salary for the Dogness (DOGZ) CEO after the reduction?
After the voluntary reduction, Dogness Chairman and CEO Silong Chen’s monthly base salary is $5,000, down from $10,000.