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Get filing alertsMicrovast appoints Derek Liu as Chief Accounting Officer at $350K base salary
Filed August 7, 2026 · Period ending August 7, 2026 · ~1 min read
Key Changes
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Derek Liu appointed Chief Accounting Officer effective August 7, 2026, with $350,000 annual base salary and 50% target bonus ($175,000). Liu previously served as CFO at Silvercorp Metals (2015-2025).
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Microvast Holdings appointed Derek Liu as Chief Accounting Officer effective August 7, 2026. Liu brings public-company finance experience from his prior role as CFO at Silvercorp Metals Inc., where he served for a decade (2015-2025), and earlier as CFO at Canickel Mining Limited (2011-2014).
His compensation package includes a $350,000 base salary and a target annual bonus of 50% of base salary, subject to individual and company performance metrics. He is also eligible for the company's long-term incentive plan and standard employee benefits. This is a routine executive appointment filling the Chief Accounting Officer role.
The hire strengthens Microvast's finance leadership with a candidate who has relevant public-company reporting experience in the mining sector. The compensation structure aligns with standard practices for a CAO position at a company of Microvast's size.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On August 6, 2026, the Company entered into an offer of employment with Derek Liu, pursuant to which Mr. Liu will serve as the Company’s Chief Accounting Officer (the “CAO Offer Letter”). Mr. Liu is expected to commence employment with the Company on or about August 7, 2026.
Microvast hired Derek Liu as Chief Accounting Officer, effective August 7, 2026. Mr. Liu, age 56, previously served as CFO at Silvercorp Metals Inc. from 2015 to 2025 and as CFO at Canickel Mining Limited from 2011 to 2014.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 10, 2026 · How we verify