Arthur Wong
Microvast HoldingsAbout Arthur Wong
Arthur Wong (age 65) is an independent Class II director of Microvast Holdings, Inc. (MVST), elected in 2021 and re-elected in 2023; his class’s term expires at the 2026 Annual Meeting. He chairs the Audit Committee and is designated the audit committee financial expert, with a career spanning Deloitte partnership and CFO roles across multiple Asia-based companies; he holds a bachelor’s degree in applied economics (University of San Francisco) and a higher diploma in accountancy (Hong Kong Polytechnic University), and is a member of AICPA, ACCA, and HKICPA .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Deloitte Touche Tohmatsu (Hong Kong, San Jose, Beijing) | Partner (Beijing office; prior roles across regions) | 1982–2008 | Audit expertise; public company reporting experience |
| Asia New-Energy; Nobao Renewable Energy; GreenTree Inns Hotel Management Group; Beijing Radio Cultural Transmission Co. Ltd. | Chief Financial Officer (sequential roles) | 2008–2018 | Led finance and audit functions across growth businesses |
External Roles
| Company | Role | Tenure | Notes |
|---|---|---|---|
| Daqo New Energy Corp. (NYSE: DQ) | Independent Director; Audit Committee Chair | Current | Chairs audit; ongoing public board service |
| Canadian Solar Inc. (NASDAQ: CSIQ) | Independent Director | Mar 2019–Jun 2024 | Former independent director |
| Tarena International, Inc. (NASDAQ: TEDU) | Independent Director | Mar 2020–Mar 2022 | Former independent director |
Board Governance
- Independence: Board determined Arthur Wong is independent under Nasdaq Rule 5605(a)(2); the Board has a majority of independent directors .
- Nomination rights: Yang Wu has stockholder agreement rights to nominate “Wu Directors”; Arthur Wong was nominated as a “Wu Director,” a governance nuance investors should note despite independence determination .
- Executive sessions: Independent directors meet in executive session; the Nominating & Corporate Governance Committee chair presides .
| Committee | Membership | Chair | Financial Expert | FY2024 Meetings |
|---|---|---|---|---|
| Audit Committee | Member | Arthur Wong | Arthur Wong | 8 |
| Compensation Committee | Member | Yixin Pan | — | 4 |
| Nominating & Corporate Governance Committee | Member | Yixin Pan | — | 4 |
| Board & Committee Attendance (FY2024) | Count/Status |
|---|---|
| Full Board meetings | 25 meetings; each director attended ≥75% of applicable meetings |
| Audit Committee | 8 meetings |
| Compensation Committee | 4 meetings |
| Nominating & Corporate Governance Committee | 4 meetings |
Fixed Compensation
| Director Compensation – FY2024 (Arthur Wong) | Amount ($) |
|---|---|
| Fees Earned or Paid in Cash | 80,000 |
| Stock Awards (including elective RSUs) | 19,999 |
| Total | 99,999 |
| Elective RSUs (value of cash retainer taken in RSUs) | 14,285 |
| 2024 Director Compensation Policy | Amount ($) |
|---|---|
| Board Member Retainer | 80,000 |
| Lead Independent Director Retainer | 25,000 |
| Audit Committee Chair Retainer | 20,000 |
| Compensation Committee Chair Retainer | 15,000 |
| Nominating & Corporate Governance Committee Chair Retainer | 10,000 |
| Annual Restricted Stock Units (Grant-Date Fair Value) | 95,000 |
Notes: Non-employee directors may elect to receive all or a portion of cash retainers in RSUs that vest quarterly; annual RSUs vest on December 31 .
Performance Compensation
| Performance-Based Components in Director Compensation | Disclosure |
|---|---|
| Performance equity (e.g., PSUs) for directors | None disclosed; policy provides annual RSUs and elective RSUs based on service/retainer elections, not performance metrics |
| Director cash bonus tied to metrics | None disclosed for directors |
Other Directorships & Interlocks
| Potential Interlocks/Conflicts | Disclosure |
|---|---|
| Business dealings or related-party transactions involving Arthur Wong | None disclosed; related-party section discusses arrangements with Yang Wu and Yanzhuan Zheng, not Arthur Wong |
| Stockholders Agreement influence | Arthur Wong nominated as a “Wu Director” under the Stockholders Agreement; directors count changes require affirmative vote of Wu Directors |
Expertise & Qualifications
- Audit and financial leadership: Former Deloitte partner; multiple CFO roles; designated Audit Committee financial expert at MVST .
- Professional credentials: Member of AICPA, ACCA, and HKICPA .
- Education: Bachelor’s in applied economics (University of San Francisco); higher diploma in accountancy (Hong Kong Polytechnic University) .
Equity Ownership
| Beneficial Ownership (as of Aug 26, 2025 Record Date) | Shares | Percent |
|---|---|---|
| Arthur Wong | 129,592 | * (<1%) |
- Anti-hedging/pledging: Company policy prohibits directors from hedging or pledging MVST securities; holdings cannot be held in margin accounts or pledged as collateral .
Governance Assessment
- Strengths: Independent director with deep audit expertise; chairs Audit Committee and serves as the board-designated financial expert, supporting robust financial oversight . Attendance threshold met across Board and committees in a high-activity year (25 Board meetings), indicating engagement .
- Alignment: Holds MVST equity; compensation structure allows elective RSUs, facilitating ownership alignment without performance levers inappropriate for directors .
- Oversight quality: Use of independent compensation consultant (FW Cook) by the Compensation Committee; all committee members deemed independent under Nasdaq and SEC rules .
- RED FLAGS/Watch items: Arthur Wong’s nomination as a “Wu Director” under a stockholders agreement controlled by the CEO and major shareholder (Yang Wu) introduces a potential influence dynamic despite formal independence; investors should monitor board refreshment and independence in practice .
- Compliance: No late Section 16(a) filings noted for Arthur Wong; anti-hedging/anti-pledging policy in force, mitigating alignment risks .