Company: CAAS
Filing Date: 2025-07-01
Form Type: F-4
Source: 0001104659-25-064447
Chunk: 149

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-01
Form: F-4
Chunk 149
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 a class or series of shares. 
 The DGCL does not contain a procedure comparable to a scheme of arrangement under the Companies Law.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |     | There are a number of mechanisms for acquiring a Cayman Islands company including: (1) a court-approved “scheme of arrangement” under the Companies Act; (2) through a tender offer by a third party; and (3) through a merger or consolidation between the Cayman Islands company and another company incorporated in the Cayman Islands or another jurisdiction (provided that the merger or consolidation is allowed by the laws of that other jurisdiction).                                                                                                                                                        
 A scheme of arrangement between a Cayman Islands company and its shareholders (or any class of them) requires the sanction of the scheme of arrangement by the Cayman Islands court and the approval of 75% in value of the shareholders (or class of shareholders, as the case may be) voting on the scheme of arrangement at the relevant meeting. If a scheme of arrangement receives the approval of shareholders of a company and is subsequently sanctioned by the Cayman Islands court, all shareholders (or class of shareholders, as the case may be) will be bound by the terms of the scheme of arrangement. 
 The Companies Act provides that when an offer is made for shares or any class of shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 of a Cayman Islands company and, within four months of the offer, the holders of not less than 90% of such shares or class of shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 accept the offer, the offeror may, for two months after that four-month period, require the remaining shareholders of the relevant class                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 to transfer their shares on the same terms as the original offer. In those circumstances, non-tendering shareholders will be compelled                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 to sell their shares, unless within one month from the date on which the notice to compulsorily acquire those shares was given to the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 non-tendering shareholder, the non-tendering shareholder is able to convince a Cayman Islands court to order otherwise.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |     | Authorization of a merger or consolidation requires: (a) the passing                                                                           
 of a special resolution by the shareholders of each constituent company, and (b) such other authorization, if any, as may be specified         
 in each such company’s constitutional documents. In addition, the consent of each holder of a fixed or floating security