On July 21, 2021, Tuscan Holdings Corp. held a special meeting of stockholders in connection with the proposed business combination of the Company, TSCN Merger Sub Inc., a Delaware corporation and newly formed, wholly-owned direct subsidiary of the Company (“Merger Sub”), and Microvast Inc., a Delaware corporation (“Microvast”). The company approved the election of Yang Wu, Yanzhuan Zheng, Craig Webster, Stanley Whittingham, Arthur Wong and Wei Ying as director nominee.