Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Interim Chief Financial Officer

On August 7, 2025, Microvast Holdings, Inc. (the "Company") appointed Mr. Rodney Worthen, the Company's Vice President of Corporate Strategy, to serve as Interim Chief Financial Officer of the Company, effective immediately. He will also continue in his role as the Company's Vice President of Corporate Strategy.

Mr. Worthen, age 34, joined the Company in June of 2023. Prior to his current role as Vice President of Corporate Strategy, he held various positions of increasing responsibility within the Company, including Director of Investor Relations and FP&A, Vice President of Corporate Finance, and Head of FP&A and Investor Relations. Prior to joining the Company, Mr. Worthen gained extensive experience in financial reporting, M&A, corporate development, and strategic leadership, serving as Director of Finance at Killam Holdings Company and various roles of progressive responsibility in M&A, FP&A, and engineering at both private and publicly listed energy companies. Mr. Worthen holds a Bachelor of Science in Mechanical Engineering from the University of Central Oklahoma, a Master of Science in Engineering from the University of Oklahoma and a Master of Science in Finance and Master of Business Administration from Auburn University.

There are no arrangements or understandings between Mr. Worthen and any other person pursuant to which he was appointed to be Interim Chief Financial Officer of the Company. There are no family relationships between Mr. Worthen and any director or executive officer of the Company, and he has no interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.