Company: CAAS
Filing Date: 2025-07-25
Form Type: F-4/A
Source: 0001104659-25-070492
Chunk: 115

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-25
Form: F-4/A
Chunk 115
---
 $                       | — |     | $    | — |     | $    | 23,618 |

As of December 31, 2024, 2023 and 2022, accounts
receivable, accounts payable and advance payments between the Company and related parties are as shown below (figures are in thousands
of USD):

Accounts and Notes Receivable from Related Parties

|                                                         |     | Year Ended December 31, |   2024 |   |     |   |   2023 |   |     |   |   2022 |   |
|:--------------------------------------------------------|:----|:------------------------|-------:|:--|:----|:--|-------:|:--|:----|:--|-------:|:--|
| Hubei Hongrun                                           |     | $                       |  9,759 |   |     | $ |  4,352 |   |     | $ |  6,192 |   |
| Jingzhou Yude                                           |     |                         |  3,903 |   |     |   |  3,067 |   |     |   |  3,094 |   |
| Xiamen Automotive Parts                                 |     |                         |  1,003 |   |     |   |  1,042 |   |     |   |  1,311 |   |
| Xiamen Joylon                                           |     |                         |    789 |   |     |   |    801 |   |     |   |    815 |   |
| Other related parties                                   |     |                         |    233 |   |     |   |    311 |   |     |   |    367 |   |
| Total accounts and notes receivable - related parties   |     |                         | 15,687 |   |     |   |  9,573 |   |     |   | 11,779 |   |
| Less: allowance for doubtful accounts - related parties |     |                         | (1,463 | ) |     |   | (1,404 | ) |     |   | (1,763 | ) |
| Accounts and notes receivable, net - related parties    |     | $                       | 14,224 |   |     |   |  8,169 |   |     |   | 10,016 |   |

<div align='center'>68</