Company: CAAS
Filing Date: 2025-09-11
Form Type: 6-K
Source: 0001410578-25-002100
Chunk: 5

Company: China Automotive Systems, Inc.
Filing Date: 2025-09-11
Form: 6-K
Chunk 5
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Liquidation

On a winding up of CAAS Cayman,
if the assets available for distribution among its shareholders shall be more than sufficient to repay the whole of the share capital
at the commencement of the winding up, the surplus will be distributed among its shareholders in proportion to the par value of the shares
held by them at the commencement of the winding up, subject to a deduction from those shares in respect of which there are monies due,
of all monies payable to CAAS Cayman for unpaid calls or otherwise. If CAAS Cayman’s assets available for distribution are insufficient
to repay all of the paid-up capital, the assets will be distributed so that the losses are borne by its shareholders in proportion to
the par value of the shares held by them.

Calls on Ordinary
Shares and Forfeiture of Ordinary Shares

CAAS Cayman’s board
of directors may from time to time make calls upon shareholders for any amounts unpaid on their ordinary shares in a notice served to
such shareholders at least 14 days prior to the specified time of payment. The ordinary shares that have been called upon and remain unpaid
are subject to forfeiture.

Redemption, Repurchase
and Surrender of Ordinary Shares

CAAS Cayman may issue shares
on terms that are subject to redemption, at CAAS Cayman’s option or at the option of the holders, on such terms and in such manner
as may be determined before the issue of such shares, by CAAS Cayman’s board of directors or by an ordinary resolution of CAAS Cayman’s
shareholders. CAAS Cayman may also repurchase any of its shares provided that the manner and terms of such purchase have been approved
by its board of directors or by CAAS Cayman’s shareholders by ordinary resolution or are otherwise authorized by the Amended CAAS
Cayman Articles. Under the Companies Act, the redemption or repurchase of any share may be paid out of CAAS Cayman’s profits or
out of the proceeds of a fresh issue of shares made for the purpose of such redemption or repurchase, or out of capital (including share
premium account and capital redemption reserve) if CAAS Cayman can, immediately following such payment, pay its debts as they fall due
in the ordinary course of business. In addition, under the Companies Act no such share may be redeemed or repurchased (a) unless
it is fully paid up, (b) if such redemption or repurchase would result in there being no shares outstanding,