Company: CAAS
Filing Date: 2025-08-04
Form Type: 424B3
Source: 0001104659-25-073486
Chunk: 67

Company: China Automotive Systems, Inc.
Filing Date: 2025-08-04
Form: 424B3
Chunk 67
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CAAS Cayman is an exempted company incorporated
under the laws of the Cayman Islands on August 29, 2024, and a wholly-owned subsidiary of the Company. CAAS Cayman does not have
any operations or assets other than those in connection with the Redomicile Merger. Accordingly, a separate discussion of its business,
financial positions and such other relevant matters is not included in this proxy statement/prospectus.

The description of the business of the Company
set forth under “Part I — Item I. Business” included in our 2024 Annual Report is incorporated by reference into
this proxy statement/prospectus.

The Holding Foreign Companies Accountable Act

Pursuant to the Holding Foreign Companies Accountable
Act, if the SEC determines that we have filed audit reports issued by a registered public accounting firm that has not been subject to
inspections by the PCAOB for two consecutive years, the SEC will prohibit our shares from being traded on a national securities exchange
or in the over-the-counter trading market in the United States. On December 16, 2021, the PCAOB issued a report to notify the SEC
of its determination that the PCAOB was unable to inspect or investigate completely registered public accounting firms headquartered
in mainland China and Hong Kong, including our auditor. In May 2022, the SEC conclusively listed the Company as a Commission-Identified
Issuer under the HFCAA following the filing of the annual report on Form 10-K for the fiscal year ended December 31, 2021.
On December 15, 2022, the PCAOB issued a report that vacated its December 16, 2021 determination and removed mainland China
and Hong Kong from the list of jurisdictions where it is unable to inspect or investigate completely registered public accounting firms.
For this reason, we do not expect to be identified as a Commission-Identified Issuer under the HFCAA after we filed annual report on
Form 10-K for the fiscal year ended December 31, 2024. Each year, the PCAOB will determine whether it can inspect and investigate
completely audit firms in mainland China and Hong Kong, among other jurisdictions. If PCAOB determines in the future that it no longer
has full access to inspect and investigate completely accounting firms in mainland China and Hong Kong and we continue to use an accounting
firm headquartered in one of these jurisdictions to issue an audit report on our financial statements filed with the Securities and Exchange
Commission,