Microvast (MVST) Proxy filing summary

Executive summary

• Virtual annual meeting set for Nov. 30, 2026, at 9:00 a.m. Central Time; Oct. 6, 2026 is the record date, with 385,921,813 common shares outstanding.

• Stockholders will vote on a Class II director, Deloitte’s FY2026 appointment, executive compensation and the frequency of future say-on-pay votes.

Voting matters and shareholder proposals

• Arthur Wong is nominated for a three-year Class II term expiring at the 2029 annual meeting; the Board recommends a FOR vote.

• The Board recommends FOR ratification of Deloitte for FY2026; the Audit Committee may reconsider its appointment if stockholders do not ratify it.

• The advisory say-on-pay vote is non-binding; the Compensation Committee and Board will consider results in future compensation decisions.

• The Board recommends annual say-on-pay votes; the advisory frequency choices are every one, two or three years, and results will inform future decisions.

• Proposals for inclusion in the 2027 proxy are due June 11, 2027; other proposals and director nominations require notice between Aug. 2 and Sept. 1, 2027.

Board of directors and corporate governance

• The Board has five members in three staggered classes; Yixin Pan, Wei Ying and Arthur Wong are independent. Yang Wu combines the Chair and CEO roles.

• During FY2025, the Board met 12 times; the Audit Committee met 20 times, while the Compensation and Nominating and Corporate Governance committees each met five times.

• The Compensation Committee is independent and uses FW Cook as an independent adviser; the Board and each committee conduct annual performance assessments.

• The Board evaluates its leadership structure with flexibility to separate the Chair and CEO roles; independent directors meet in executive session.