Company: CAAS
Filing Date: 2025-08-04
Form Type: 424B3
Source: 0001104659-25-073486
Chunk: 159

Company: China Automotive Systems, Inc.
Filing Date: 2025-08-04
Form: 424B3
Chunk 159
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 available under the terms of
the Stock Plan at and following the Effective Time shall, to the extent permitted by law and otherwise reasonably practicable, otherwise
be exercisable, payable, issuable or available upon the same terms and conditions as under the Stock Plan and the agreements relating
thereto immediately prior to the Effective Time. Other than as set forth above, the Merger will not affect the underlying terms or conditions
of any outstanding equity awards, which shall remain subject to their original terms and conditions.

<div align='center'>4</div>

Section 3.02.

At the Effective Time, the
obligations of CAAS under or with respect to every plan, trust, program and benefit then in effect or administered by CAAS for the benefit
of the directors, officers and employees of CAAS or any of its subsidiaries (collectively, the “”
and, together with the Assumed Equity Plan, the “”) shall become the lawful obligations of CAAS Cayman
and shall be implemented and administered in the same manner and without interruption until the same are amended or otherwise lawfully
altered or terminated. Effective at the Effective Time, CAAS Cayman hereby expressly adopts and assumes all obligations of CAAS under
the Assumed Plans.

Section 3.03.

At the Effective Time, the
obligations of CAAS under or with respect to contracts or agreements (collectively, the “”) shall
become the lawful obligations of CAAS Cayman and shall be performed in the same manner and without interruption until the same are amended
or otherwise lawfully altered or terminated. Effective at the Effective Time, CAAS Cayman hereby expressly adopts and assumes all obligations
of CAAS under the Assumed Contracts.

Section 3.04.

Such amendments or other
actions that are deemed necessary or appropriate by CAAS and CAAS Cayman to effect the Merger, including to facilitate the assumption
by CAAS Cayman of the Assumed Plans and the Assumed Contracts, and any other amendments or actions that CAAS and CAAS Cayman shall deem
advisable, shall be adopted and entered into with respect to the Assumed Plans, the Assumed Contracts and any other arrangements between
CAAS and its directors, officers and employees.

<div align='center'>Article IV

CONDITIONS TO THE MERGER</div>

The respective obligations
of each Party to effect the Merger are subject to the satisfaction or waiver of the following conditions:

(a). This Agreement, the Plan of