Company: CAAS
Filing Date: 2025-07-25
Form Type: F-4/A
Source: 0001104659-25-070492
Chunk: 72

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-25
Form: F-4/A
Chunk 72
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 a direct or indirect manner, the issuer must file certain documents with the
CSRC (the “Trial Measures Filing Obligations”). An indirect offering and listing is determined by a set of quantifiable standards.
For example, any overseas offering and listing by an issuer that meets both of the following standards will be deemed to be indirect:
(i) 50% or more of the issuer’s operating revenue, total profit, total assets or net assets as documented in its audited consolidated
financial statements for the most recent accounting year is accounted for by PRC domestic companies, and (ii) the main parts of the
issuer’s business activities are conducted in mainland China, or its main places of business are located in mainland China, or the
senior managers in charge of its business operation and management are mostly Chinese citizens or domiciled in mainland China.

The Trial Measures provide the CSRC with the authority
to warn, fine, and issue injunctions against PRC domestic companies, their controlling shareholders, advisors, and other responsible persons
in connection with a listing or offering securities (collectively, the “Subject Entities”), as well as individuals directly
responsible for these Subject Entities (the “Subject Individuals”). In cases of serious violation, the relevant responsible
persons may be prohibited from entering the securities market by the CSRC and may be held criminally liable. For failure to comply with
the Trial Measures Negative List or the Trial Measures Filing Obligations, or supply materially false or misleading statements in the
filing and reporting required by the Trial Measures, PRC domestic companies and their controlling shareholders, if the controlling shareholders
induced the PRC domestic companies’ failure to comply, severally, may face warnings, injunctions to comply, and fines between RMB
1.0 million and RMB 10.0 million. The Subject Individuals in these entities may severally, face warnings and fines between RMB 0.5 million
and RMB 5.0 million. Advisors in listings or offerings of securities that failed to dutifully advise the PRC domestic companies and their
controlling shareholders in complying with the Trial Measures and caused such failures to comply can face warnings and fines between RMB
0.5 million and RMB 5.0 million. The Subject Individuals of these advisor entities may, severally, face warnings and fines between RMB
0.2 million and RMB 2.0 million.

Because our shares of common stock have already
listed on Nasdaq, we