Company: CAAS
Filing Date: 2025-07-25
Form Type: F-4/A
Source: 0001104659-25-070492
Chunk: 34

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-25
Form: F-4/A
Chunk 34
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 incorporated in the United States.

CAAS Cayman’s corporate affairs are governed
by its memorandum and articles of association, as amended and restated from time to time, by the Companies Act, and by the common law
of the Cayman Islands. The rights of shareholders to take action against CAAS Cayman’s directors, actions by minority shareholders
and the fiduciary duties owed by CAAS Cayman’s directors to CAAS Cayman under Cayman Islands law are to a large extent governed
by the common law of the Cayman Islands. The common law of the Cayman Islands is derived in part from comparatively limited judicial precedent
in the Cayman Islands and from English common law, the decisions of whose courts are of persuasive authority but are not binding on a
court in the Cayman Islands. The rights of CAAS Cayman’s shareholders and the fiduciary duties of its directors, although clearly
established under Cayman Islands law, are not specifically prescribed in statute or a particular document in the same way that they are
in certain statutes or judicial precedents in some jurisdictions of the United States. In particular, the Cayman Islands has a less developed
body of securities laws relative to the United States. Therefore, CAAS Cayman’s shareholders may have more difficulty in protecting
their interests in the face of actions by CAAS Cayman’s management, directors or controlling shareholders than would shareholders
of a corporation incorporated in a jurisdiction in the United States. In addition, shareholders of Cayman Islands companies may not have
standing to initiate a shareholder derivative action before the federal courts of the United States. The Cayman Islands courts are also
unlikely to impose liability against CAAS Cayman, in original actions brought in the Cayman Islands, based on certain civil liabilities
provisions of U.S. securities laws.

As a result of different shareholder voting requirements in the Cayman Islands relative to Delaware, we will have less flexibility with respect to our ability to amend our constitutional documents and enter into certain business combinations than we now have.

Under Delaware law and our current bylaws and certificate
of incorporation, our bylaws and certificate of incorporation may be amended by the vote of a majority of shares of common stock entitled
to vote on the matter to approve the amendment present in person or by proxy at the shareholders’ meeting. Cayman Islands law requires
a special resolution of not less than two-thirds of the votes cast by those shareholders entitled to vote who are present in person or
by proxy at a general meeting for any