Company: CAAS
Filing Date: 2025-08-04
Form Type: 424B3
Source: 0001104659-25-073486
Chunk: 68

Company: China Automotive Systems, Inc.
Filing Date: 2025-08-04
Form: 424B3
Chunk 68
---
 we would be identified as a Commission-Identified Issuer following the filing of the annual report on Form 10-K (or
in case of CAAS Cayman, on Form 20-F) for the relevant fiscal year. There can be no assurance that we would not be identified as
a Commission-Identified Issuer for any future fiscal year, and if we were so identified for two consecutive years, we would become subject
to the prohibition on trading under the HFCAA and our securities may be delisted from Nasdaq as a result. Delisting of our securities
would force holders of our securities to sell their securities. Further, we may be prohibited from listing our securities on another
U.S. securities exchange. The market price of our securities could be adversely affected as a result of anticipated negative impacts
of such legislative or executive actions upon, as well as negative investor sentiment toward, companies with significant operations in
mainland China and Hong Kong that are listed in the United States, regardless of whether such actions are implemented and regardless
of our actual operating performance.

For more details, see “Risk Factors and
Caution Regarding Forward-Looking Statements — Risks Related to Doing Business in China and Other Countries besides The United
States — The PCAOB had historically been unable to inspect our auditor in relation to their audit work performed for our financial
statements and the inability of the PCAOB to conduct inspections of our auditor in the future may deprived our investors with the benefits
of such inspections.” And “Risk Factors and Caution Regarding Forward-Looking Statements — Risks Related to Doing Business
in China and Other Countries besides The United States — Our shares may be prohibited from trading in the United States under the
HFCAA in the future if the PCAOB is unable to inspect or investigate completely auditors located in China. The delisting of the shares,
or the threat of being delisted, may materially and adversely affect the value of your investment.”

Our Corporate Structure

The Company is not a PRC operating company but
a Delaware holding company with operations primarily conducted through its wholly owned direct subsidiaries, Genesis and HLUSA, and its
several indirect subsidiaries that are either wholly-owned or majority-owned by either Genesis or HLUSA. Our investors hold shares of
common stock in the Delaware holding company, and after the completion of the Redomicile Merger, ordinary shares in CAAS Cayman.

<div align='center'>40</div>

We do not have or intend to set up any subsidiary
or enter