Company: CAAS
Filing Date: 2025-07-25
Form Type: F-4/A
Source: 0001104659-25-070492
Chunk: 128

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-25
Form: F-4/A
Chunk 128
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 Redomicile Merger — Our Board of Directors
may choose to defer or abandon the Redomicile Merger.”

Stock Compensation and Benefit Plans and Programs

As part of the Redomicile Merger, CAAS Cayman has
agreed to assume all of the Company’s rights and obligations under the Company’s stock-based benefit and compensation plan
and programs at the Effective Time. All rights to purchase or receive, or receive payment based on, each share of the Company’s
common stock arising under our equity compensation plan will entitle the holder to purchase or receive, or receive payment based on, as
applicable, one CAAS Cayman ordinary share.

Effective Time

Provided that we have obtained the requisite stockholder
approval, we anticipate that the Redomicile Merger will become effective during the third quarter of 2025. Our Board of Directors will
have the right, however, to defer or abandon the Redomicile Merger at any time if it concludes that completion of the Redomicile Merger
would not be in the best interests of the Company or our stockholders.

Management of CAAS Cayman

Upon the Effective Time, the candidates set forth
in the Plan of Merger, who are the same directors and executive officers that manage the Company today, will be appointed as the directors
and officers of CAAS Cayman. See “Management.”

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Recommendation and Required Vote

The affirmative vote of the holders of a majority
of the outstanding shares of the Company’s common stock entitled to vote is required to approve and adopt the Merger Agreement and
the Plan of Merger. Our Board of Directors believes that the Redomicile Merger, to be effected by the Merger Agreement and the Plan of
Merger, is advisable and in the best interests of the Company and our stockholders.

ACCORDINGLY, OUR BOARD OF DIRECTORS HAS APPROVED
THE REDOMICILE MERGER AND THE MERGER AGREEMENT AND THE PLAN OF MERGER. THE BOARD OF DIRECTORS RECOMMENDS THAT STOCKHOLDERS VOTE “FOR”
THE ADOPTION OF THE MERGER AGREEMENT AND THE PLAN OF MERGER.

Regulatory Approvals

Other than the filing of the Plan of Merger with
the Registrar of Companies of the Cayman Islands, the only governmental or regulatory approvals or actions that are required to complete
the Redomicile Merger are compliance with U.S. federal and state securities laws and Delaware corporate