Company: CAAS
Filing Date: 2025-08-04
Form Type: 424B3
Source: 0001104659-25-073486
Chunk: 61

Company: China Automotive Systems, Inc.
Filing Date: 2025-08-04
Form: 424B3
Chunk 61
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 issuance or offering of securities, including shares, depository receipts, corporate bonds
convertible into shares and other equity securities, to foreign investors if we meet certain conditions set forth in the Trial Measures
to be considered as an indirect overseas offering and listing by a PRC domestic company, (ii) are not required to go through cybersecurity
review by the CAC for our prior issuance and offering of securities to foreign investors, but may be required to obtain certain prior
permission, filing, approval and/or other administrative requirements of other PRC government authorities in connection with our further
issuance or offering of securities to foreign investors.

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If we and our subsidiaries are deemed to be a
critical information infrastructure operator, or CIIO, or a network platform operator, whose network product or service purchasing or
data processing activities affect or may affect national security, we would be required to go through a cybersecurity review by the CAC.
As of the date of this proxy statement/prospectus, neither we nor any of our subsidiaries has been identified as a CIIO by any government
authority, involved in any investigations or become subject to a cybersecurity review by the CAC based on the Cybersecurity Review Measures.
However, there might remain some uncertainty as to how relevant rules published by the PRC government authorities will be interpreted
or implemented, and our opinions summarized above are subject to any new laws, rules, and regulations or detailed implementations and
interpretations in any form. We cannot assure you that relevant PRC government authorities, including the CSRC and the CAC, would reach
the same conclusion and hence, we may face regulatory actions or other sanctions from them.

The PRC government has significant oversight and discretion over the conduct of the business operations of our PRC subsidiaries or to exert control over any offering of securities conducted overseas and/or foreign investment in China-based issuers, and may influence our operations, may limit or completely hinder our ability to offer or continue to offer securities to investors, and may cause the value of such securities to significantly decline or be worthless, as the government deems appropriate to further regulatory, political and societal goals.

The PRC government may influence the operations
of our PRC subsidiaries from time to time , which could result in a material change in our operations and/or the value of our securities.
For example, the PRC government published new policies that significantly affected certain industries such as the education and internet
industries, and we cannot rule out the possibility that it will in