Company: CAAS
Filing Date: 2025-07-01
Form Type: F-4
Source: 0001104659-25-064447
Chunk: 157

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-01
Form: F-4
Chunk 157
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, including without prejudice to the generality
of the foregoing, any costs, expenses, losses or liabilities incurred by such Indemnified Person in defending (whether successfully or
otherwise) any civil proceedings concerning CAAS Cayman or its affairs in any court whether in the Cayman Islands or elsewhere.

CAAS Cayman will also enter into indemnification
agreements with its directors and officers under the laws of the Cayman Islands, pursuant to which we have agreed to indemnify each such
person and hold him harmless against expenses, judgments, fines and amounts payable under settlement agreements in connection with any
threatened, pending or completed action, suit or proceeding to which he has been made a party or in which he became involved by reason
of the fact that he is or was our director or officer. Except with respect to expenses to be reimbursed by CAAS Cayman in the event that
the indemnified person has been successful on the merits or otherwise in defense of the action, suit or proceeding, CAAS Cayman’s
obligations under the indemnification agreements are subject to certain customary restrictions and exceptions.

In addition, CAAS Cayman will maintain standard
policies of insurance under which coverage is provided to its directors and officers against loss rising from claims made by reason of
breach of duty or other wrongful act, and to CAAS Cayman with respect to payments which may be made by CAAS Cayman to such directors and
officers pursuant to the above indemnification provision or otherwise as a matter of law.

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers or persons controlling CAAS Cayman pursuant to the foregoing provisions,
we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act
and is theretofore unenforceable.

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| Item 21. | Exhibits and Financial Statement Schedules |

| Exhibit 
 Number  
 2.1     |     | Description                                                                                                                                                                                                                                         
 Agreement                                                                                                                                                                                                                                           
 and Plan of Merger, dated June 26, 2025, by and between China Automotive Systems, Inc. and China Automotive Systems                                                                                                                                 
 Holdings, Inc. (included as Annex A to the proxy statement/prospectus).                                                                                                                                                                             |
|:--------|:----|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1     |     | Memorandum and Articles of Association of China Automotive Systems Holdings,