Company: CAAS
Filing Date: 2025-07-25
Form Type: F-4/A
Source: 0001104659-25-070492
Chunk: 106

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-25
Form: F-4/A
Chunk 106
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2004 stock option plan (the “2004
Stock Option Plan”). At the 2014 annual meeting of stockholders, the stockholders of the Company approved an amendment to the 2004
Stock Option Plan that extended its term for an additional ten (10) years. Pursuant to such amendment, the 2004 Stock Option Plan
will expire on June 27, 2025. Under the 2004 Stock Option Plan, 2,200,000 shares of common stock were authorized for issuance to
selected employees, consultants, directors and advisors of the Company. As of the date hereof, there were a total of 1,541,150 shares
of common stock remain available for issuance, and stock options in respect of 7,500 shares of common stock under the 2004 Stock Option
Plan were outstanding, the weighted average exercise price of which is $6.26.

The following paragraphs describe the principal
terms of the 2004 Stock Option Plan, which descriptions are subject to the terms of the 2004 Stock Option Plan and are incorporated herein
by reference.

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Unexercised Options. If an award expires
or becomes unexercisable for any reason without having been exercised in full, the unpurchased shares of common stock that were subject
thereto shall, unless the 2004 Stock Option Plan shall have been terminated, become available for future grant under the 2004 Stock Option
Plan.

Plan Administration. The 2004 Stock Option
Plan is administered by the Board of Directors or a committee of the Board of Directors, or a combination thereof, as determined by the
Board of Directors. The 2004 Stock Option Plan may be administered by different administrative bodies with respect to different classes
of participants and, if permitted by the applicable laws, the Board of Directors may authorize one or more officers to make awards under
the 2004 Stock Option Plan. If a committee has been appointed, such committee shall continue to serve in its designated capacity until
otherwise directed by the Board of Directors. From time to time the Board of Directors may increase the size of any committee and appoint
additional members thereof, remove members (with or without cause) and appoint new members in substitution therefor, fill vacancies (however
caused) and remove all members of a committee and thereafter directly administer the 2004 Stock Option Plan, all to the extent permitted
by the applicable laws and, in the case of a committee administering