Company: CAAS
Filing Date: 2025-07-25
Form Type: F-4/A
Source: 0001104659-25-070492
Chunk: 145

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-25
Form: F-4/A
Chunk 145
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If CAAS Cayman’s directors refuse to register
a transfer they shall, within two months after the date on which the instrument of transfer was lodged, send to each of the transferor
and the transferee notice of such refusal, including the relevant reason for such refusal. The registration of transfers may, on 14 days’
notice being given by advertisement in such one or more newspapers or by electronic means, be suspended and the register closed at such
times and for such periods as CAAS Cayman’s board of directors may from time to time determine; provided, however, that the registration
of transfers shall not be suspended and the register shall not be closed for more than 30 days in any year.

Liquidation

On a winding up of CAAS Cayman, if the assets available
for distribution among its shareholders shall be more than sufficient to repay the whole of the share capital at the commencement of the
winding up, the surplus will be distributed among its shareholders in proportion to the par value of the shares held by them at the commencement
of the winding up, subject to a deduction from those shares in respect of which there are monies due, of all monies payable to CAAS Cayman
for unpaid calls or otherwise. If CAAS Cayman’s assets available for distribution are insufficient to repay all of the paid-up capital,
the assets will be distributed so that the losses are borne by its shareholders in proportion to the par value of the shares held by them.

Calls on Ordinary Shares and Forfeiture of Ordinary Shares

CAAS Cayman’s board of directors may from
time to time make calls upon shareholders for any amounts unpaid on their ordinary shares in a notice served to such shareholders at least
14 days prior to the specified time of payment. The ordinary shares that have been called upon and remain unpaid are subject to forfeiture.

Redemption, Repurchase and Surrender of Ordinary Shares

CAAS Cayman may issue shares on terms that are
subject to redemption, at CAAS Cayman’s option or at the option of the holders, on such terms and in such manner as may be determined
before the issue of such shares, by CAAS Cayman’s board of directors or by an ordinary resolution of CAAS Cayman’s shareholders.
CAAS Cayman may also repurchase any of its shares provided that the 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