Microvast (MVST) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for October 23, 2025, to be held virtually, with voting rights extended to shareholders of record as of August 26, 2025.

• Shareholders will vote on the election of one Class I director and the ratification of Deloitte as the independent auditor for fiscal 2025.

• The board currently consists of five directors, following a reduction from seven, and is divided into three classes with staggered terms.

• Proxy materials are primarily distributed electronically, with options for shareholders to vote online, by mail, or during the virtual meeting.

Voting matters and shareholder proposals

• Proposal 1: Election of Wei Ying as Class I director for a three-year term.

• Proposal 2: Ratification of Deloitte Touche Tohmatsu as independent auditor for fiscal 2025.

• Board recommends voting FOR both proposals.

• Shareholders may submit proposals for the 2026 meeting by April 27, 2026, for inclusion in the proxy statement.

Board of directors and corporate governance

• Board consists of five directors: Yang Wu (Chair/CEO), Isida Tushe (President/GC), Arthur Wong, Yixin Pan, and Wei Ying.

• Three directors (Pan, Ying, Wong) are independent per Nasdaq rules.

• Board committees: Audit, Compensation, and Nominating & Corporate Governance, all with independent members.

• Annual board and committee self-assessments are conducted.

• Corporate governance guidelines and code of ethics are in place and available online.