Company: CAAS
Filing Date: 2025-08-04
Form Type: 424B3
Source: 0001104659-25-073486
Chunk: 72

Company: China Automotive Systems, Inc.
Filing Date: 2025-08-04
Form: 424B3
Chunk 72
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 domiciled in mainland
China.

The Trial Measures provide the CSRC with the authority
to warn, fine, and issue injunctions against PRC domestic companies, their controlling shareholders, advisors, and other responsible
persons in connection with a listing or offering securities (collectively, the “Subject Entities”), as well as individuals
directly responsible for these Subject Entities (the “Subject Individuals”). In cases of serious violation, the relevant
responsible persons may be prohibited from entering the securities market by the CSRC and may be held criminally liable. For failure
to comply with the Trial Measures Negative List or the Trial Measures Filing Obligations, or supply materially false or misleading statements
in the filing and reporting required by the Trial Measures, PRC domestic companies and their controlling shareholders, if the controlling
shareholders induced the PRC domestic companies’ failure to comply, severally, may face warnings, injunctions to comply, and fines
between RMB 1.0 million and RMB 10.0 million. The Subject Individuals in these entities may severally, face warnings and fines between
RMB 0.5 million and RMB 5.0 million. Advisors in listings or offerings of securities that failed to dutifully advise the PRC domestic
companies and their controlling shareholders in complying with the Trial Measures and caused such failures to comply can face warnings
and fines between RMB 0.5 million and RMB 5.0 million. The Subject Individuals of these advisor entities may, severally, face warnings
and fines between RMB 0.2 million and RMB 2.0 million.

Because our shares of common stock have already
listed on Nasdaq, we believe we will be deemed as an “Existing Issuer” pursuant to the Trial Measures and the implementation
guidance and, accordingly, are not required to complete the filing procedures with the CSRC for our historical securities offering. Nevertheless,
in the event that we conduct any securities issuance or offering in the future that would be captured by the Trial Measures, we will
have to complete the filing procedures with the CSRC within three (3) business days following the closing of such securities issuance
or offering. We believe this Redomicile Merger and the issuance of ordinary shares by CAAS Cayman in relation thereto may be subject
to the filing procedures as well, and we plan to proactively communicate with the CSRC and complete such filing procedure if so required.

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