Company: CAAS
Filing Date: 2025-07-01
Form Type: F-4
Source: 0001104659-25-064447
Chunk: 136

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-01
Form: F-4
Chunk 136
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 or under the laws of the United States, any state therein or the District of Columbia or treated as a U.S. corporation pursuant to  
 section 7874 of the Code;                                                                                                              |
| · | an estate, the income of which is subject to U.S. federal income taxation                                                              
 regardless of its source; or                                                                                                           |
| · | a trust if (i) a U.S. court can exercise primary supervision over the                                                                  
 trust’s administration and one or more United States persons (as defined in the Code) are authorized to control all substantial        
 decisions of the trust, or (ii) it has a valid election in effect under applicable U.S. Treasury regulations to be treated as a United 
 States person.                                                                                                                         |

A “Non-U.S. Holder” is a
beneficial holder of our Company common stock who is neither a U.S. Holder nor a partnership or other pass-through entity for U.S. federal
income tax purposes.

A U.S. Holder will not recognize any gain or loss
for U.S. federal income tax purposes upon receipt of CAAS Cayman ordinary shares in the Redomicile Merger. A U.S. Holder will have an
adjusted tax basis in the CAAS Cayman ordinary shares received in the Redomicile Merger equal to the adjusted tax basis of the Company
common stock surrendered by such U.S. Holder in the Redomicile Merger. The holding period for CAAS Cayman ordinary shares received in
the Redomicile Merger will include the holding period for the Company common stock surrendered therefor.

The U.S. federal income tax consequences of owning
and disposing of CAAS Cayman ordinary shares received in the Redomicile Merger will be the same as the U.S. federal income tax consequences
of owning and disposing of Company common stock before the Redomicile Merger. Each U.S. Holder should consult its own tax advisor to determine
the particular U.S. federal, state or local or non-U.S. income or other tax consequences to it of the ownership and disposition of CAAS
Cayman ordinary shares.

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U.S. Federal Income Tax Consequences to Non-U.S. Holders

The receipt of CAAS Cayman ordinary shares in exchange
for Company common stock in the Redomicile Merger will not be a taxable transaction to Non-U.S. Holders for U.S. federal income tax purposes.

The U.S. federal income tax consequences of owning