Company: CAAS
Filing Date: 2025-07-25
Form Type: F-4/A
Source: 0001104659-25-070492
Chunk: 110

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-25
Form: F-4/A
Chunk 110
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iving entity) outstanding immediately after such transaction, or (3) the direct or indirect acquisition (including by way of
a tender or exchange offer) by any person, or persons acting as a group, of beneficial ownership or a right to acquire beneficial ownership
of shares representing a majority of the voting power of the then outstanding shares of capital stock of the Company.

Termination and Amendment of the 2004 Stock Option Plan. The Board of Directors may at any time amend, alter, suspend or discontinue the Plan, but no amendment, alteration,
suspension or discontinuation (other than an adjustment pursuant to Capital Adjustments or Corporate Transaction) shall be made that
would materially and adversely affect the rights of any optionee under any outstanding grant, without his or her consent. In addition,
to the extent necessary and desirable to comply with the applicable laws, the Company shall obtain stockholder approval of any plan amendment
in such a manner and to such a degree as required. Except as to amendments which the administrator has the authority under the 2004 Stock
Option Plan to make unilaterally, no amendment or termination of the 2004 Stock Option Plan shall materially and adversely affect options
already granted, unless mutually agreed otherwise between the optionee and the administrator, which agreement must be in writing and
signed by the optionee or holder and the Company.

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The following table includes
certain information with respect to the value of all unexercised options previously awarded to director and officer appointees of CAAS
Cayman at the fiscal year ended December 31, 2024. Each of the options will be assumed by CAAS Cayman in connection with the Redomicile
Merger and continue in accordance with their terms.

| Name and Principal    
 Position              |     | Number of Securities 
 Underlying           
 Unexercised Options  
 Exercisable          |     | Number of Securities  
 Underlying            
 Unexercised           
 Options Unexercisable |     | Option    
 Exercise  
 Price ($) |      |     | Option           
 Expiration       
 Date             |
|:----------------------|:----|:---------------------|:----|:----------------------|:----|:----------|-----:|:----|:-----------------|
| Hanlin Chen           |     | -                    |     | -                     |     | $         |  N/A |     | N/A              |
| Guangxun Xu           |     | *                    |     |