Company: CAAS
Filing Date: 2025-08-04
Form Type: 424B3
Source: 0001104659-25-073486
Chunk: 160

Company: China Automotive Systems, Inc.
Filing Date: 2025-08-04
Form: 424B3
Chunk 160
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 Merger and the Merger shall have been authorized and approved by the affirmative vote of holders
owning a majority of the issued and outstanding shares of CAAS Common Stock entitled to vote thereon at the record date for such actions
as set by the CAAS Board.

(b). Neither Party hereto shall be subject to any decree, order or injunction of any court of competent jurisdiction, whether
in the U.S., the Cayman Islands or any other country that prohibits the consummation of the Merger.

<div align='center'>5</div>

(c). The registration statement on Form F-4 filed with the Securities and Exchange Commission by CAAS Cayman
in connection with the offer and issuance of the CAAS Cayman Ordinary Shares to be issued pursuant to the Merger shall have become effective
under the Securities Act of 1933, as amended, and no stop order with respect thereto shall be in effect.

(d). The CAAS Cayman Ordinary Shares to be issued pursuant to the Merger shall have been authorized for listing on the NASDAQ
Stock Market, subject to official notice of issuance and satisfaction of other standard conditions.

(e). Other than the filing of the Plan of Merger provided for under Article I, all material prior consents and
authorizations of, filings or registrations with, and notices to, any governmental or regulatory authority required of CAAS, CAAS Cayman,
or any of their respective subsidiaries to consummate the Merger and the other transactions contemplated hereby shall have been obtained,
made and delivered, respectively.

(f). The representations and warranties of the Parties set forth herein shall be true and correct
in all material respects, and the covenants of the Parties set forth herein (other than those to be performed after the Effective Time)
shall have been performed in all material respects.

<div align='center'>Article V

TERMINATION</div>

Section 5.01.

This Agreement may be terminated
and the Merger may be abandoned at any time prior to the Effective Time, whether before or after approval by the stockholders of CAAS,
by action of the CAAS Board.

Section 5.02.

In the event of termination of this Agreement
as provided in Section 5.01, this Agreement shall forthwith become void and have no effect, without any liability or obligation
on the part of CAAS or CAAS Cayman.

<div align='center'>Article VI

covenants</div>

Section 6.01.

CAAS and CAAS