Company: CAAS
Filing Date: 2025-07-25
Form Type: F-4/A
Source: 0001104659-25-070492
Chunk: 32

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-25
Form: F-4/A
Chunk 32
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 changes in our expectations or any change in events,
conditions or circumstances on which any such statements are based.

Set forth below, we have identified certain factors,
among others, that you should consider before making a decision on whether or not to consent to adopt the Merger Agreement and the Redomicile
Merger, and we have identified certain of the risks that could cause our actual plans or results to differ materially from those included
in the forward-looking statements contained or incorporated by reference herein. You should consider these risks when deciding whether
to adopt the Merger Agreement. In addition, you should also review carefully the risks affecting our business generally that could also
cause our actual plans or results to differ materially from those included in the forward-looking statements contained or incorporated
by reference herein.

Throughout this section, we will refer to China
Automotive Systems, Inc., and in cases of discussing in general the business operations, management and financial positions of CAAS
Cayman after the Redomicile Merger, as the “Company.”

Risks Related to the Redomicile Merger

Your rights as a stockholder of the Company will change as a result of the Redomicile Merger and you may not be afforded as many rights as a shareholder of CAAS Cayman under applicable laws and CAAS Cayman’s amended and restated memorandum and articles of association as you were as a stockholder of the Company under applicable laws and the Company’s certificate of incorporation and bylaws.

Because of differences between Delaware law and
Cayman Islands law and differences between the governing documents of the Company and CAAS Cayman, we are unable to adopt governing documents
for CAAS Cayman that are identical to the governing documents for the Company. While we have attempted to preserve in the amended and
restated memorandum and articles of association of CAAS Cayman similar allocation of material rights and powers between the stockholders
and our Board of Directors that exists under the Company’s bylaws and certificate of incorporation, CAAS Cayman’s proposed
amended and restated memorandum and articles of association nevertheless differs from the Company’s bylaws and certificate of incorporation,
both in form and substance, and your rights as a shareholder will change. For example:

| · | Under the DGCL, a merger or disposition of all or substantially all of the                                                                      
 property of a corporation not in the usual and regular course of the corporation’s business generally requires approval by the holders          
 of a majority of the shares entitled to vote on the matter. However, under