Management Change/Compensation (Form 8-K)

On October 17, 2025, the Board of Directors (the "Board") of Vivic Corp. (the "Company") accepted the resignation of (i) Mr. Tse-Ling Wang from his positions as President, Chief Executive Officer, and Secretary of the Company; (ii) Andy F Wong, Chief Financial Officer of the Company; (iii)Amy (Yin-Zhen) Huang, Directorof the Company;and (iv) Richard (Hui Ming) Pao, Directorof the Company. Concurrently, the Board appointed Mr. Chen-Hon Chuang to serve as the President, Chief Executive Officer, Chief Financial Officer,and Secretary of the Company.

Mr. Chen-Hon Chuang, age 75, has been serving as a Senior Sales Consultant and Technical Advisor of Vivic Corporation (Hong Kong) Co. Limited, the Company's subsidiary in Hong Kong, since February 2023. Mr. Chuang has served in a number of senior management positions in the yacht industry. From September 2020 to March 2024, Mr. Chuang served as Electric Boat Consultant and Sales Director of Guangzhou Weiguan Yacht Technology Co., Ltd., a yacht sales and marina operation company, where he oversaw the certification, emission compliance, and safety standards for electric systems, and supported after-sales service and technical support coordination. Mr. Chuang holds a High School degree from Miaoli Dacheng High School in 1970 and attended the Flight Training Program at the Air Force Academy from 1970 to 1973.

The Company has entered into an employment agreement with Mr. Chuang which provides for an initial term expiring October 16, 2026, after which the agreement continues on an "at will" basis. In consideration of his services, Mr. Chuang is to be issued 100,000 restricted stock units which shall be deemed earned in equal monthly instalments of 8,333. If Mr. Chuang's employment is terminated without "cause" or by Mr. Chuang for "good reason" (a "Qualifying Termination"), Mr. Chuang is entitled to receive: (1) vesting of all RSUs scheduled to be earned during the remainder of the term; and (2) retention of all previously earned RSUs, which cannot be forfeited or clawed back. A "Qualifying Termination" includes material changes to Mr. Chuang's duties, title, or responsibilities or a breach of the agreement by the Company. Severance payments are contingent on Mr. Chuang's execution of a general release of claims in favor of the Company and adherence to post-employment restrictive covenants, including non-competition and non-solicitation obligations for 12 months following termination. No severance is provided for termination for "cause," Mr. Chuang's voluntary resignation without good reason, or upon his death or disability.

The foregoing summary of Mr. Chuang's employment agreement is qualified in its entirety by reference to the terms of the employment agreement, which is filed herewith as Exhibit 10.1 and incorporated by reference herein.

No family relationships exist between Mr. Chuang and any other directors or executive officers of the Company. There are no transactions to which the Company is or was a participant and in which Mr. Chuang has a material interest subject to disclosure under Item 404(a) of Regulation S-K.