Company: CAAS
Filing Date: 2025-08-04
Form Type: 424B3
Source: 0001104659-25-073486
Chunk: 146

Company: China Automotive Systems, Inc.
Filing Date: 2025-08-04
Form: 424B3
Chunk 146
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 manner and terms of such purchase have been approved by its board
of directors or by CAAS Cayman’s shareholders by ordinary resolution or are otherwise authorized by the Amended CAAS Cayman Articles.
Under the Companies Act, the redemption or repurchase of any share may be paid out of CAAS Cayman’s profits or out of the proceeds
of a fresh issue of shares made for the purpose of such redemption or repurchase, or out of capital (including share premium account
and capital redemption reserve) if CAAS Cayman can, immediately following such payment, pay its debts as they fall due in the ordinary
course of business. In addition, under the Companies Act no such share may be redeemed or repurchased (a) unless it is fully paid
up, (b) if such redemption or repurchase would result in there being no shares outstanding, or (c) if the company has commenced
liquidation. In addition, CAAS Cayman may accept the surrender of any fully paid share for no consideration.

Variations of Rights of Shares

Whenever the capital of CAAS Cayman is divided
into different classes, the rights attached to any such class of shares may, subject to any rights or restrictions for the time being
attached to any class, only be materially and adversely varied either with the written consent of the holders of at least two-thirds
of the issued shares of that class or with the sanction of a special resolution passed at a separate meeting of the holders of the shares
of that class. The rights conferred upon the holders of the shares of any class issued with preferred or other rights shall not, subject
to any rights or restrictions for the time being attached to the shares of that class, be deemed to be materially and adversely varied
by, inter alia, the creation, allotment or issue of further shares ranking pari passu with or subsequent to them or the redemption
or purchase of any shares of any class by CAAS Cayman. The rights of the holders of shares shall not be deemed to be materially and adversely
varied by the creation or issue of shares with preferred or other rights including, without limitation, the creation of shares with enhanced
or weighted voting rights.

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Inspection of Books and Records

Holders of CAAS Cayman’s ordinary shares
have no general right under Cayman Islands law to inspect or obtain copies of CAAS Cayman’s list of shareholders or its corporate
records (save for the Amended CAAS Cayman