Company: CAAS
Filing Date: 2025-08-04
Form Type: 424B3
Source: 0001104659-25-073486
Chunk: 96

Company: China Automotive Systems, Inc.
Filing Date: 2025-08-04
Form: 424B3
Chunk 96
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 by competent authorities
under the State Council in accordance with law; (iii) the domestic company intending to make the securities offering and listing,
or its controlling shareholder(s) and the actual controller, have committed relevant crimes such as corruption, bribery, embezzlement,
misappropriation of property or undermining the order of the socialist market economy during the latest three years; (iv) the domestic
company intending to make the securities offering and listing is currently under investigations for suspicion of criminal offenses or
major violations of laws and regulations, and no conclusion has yet been made thereof; or (v) there are material ownership disputes
over equity held by the domestic company’s controlling shareholder(s) or by other shareholder(s) that are controlled
by the controlling shareholder(s) and/or actual controller.

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The Overseas Listing Trial Measures also provides
that if the issuer both meets the following criteria, the overseas securities offering and listing conducted by such issuer will be deemed
as indirect overseas offering by PRC domestic companies: (i) 50% or more of any of the issuer’s operating revenue, total profit,
total assets or net assets as documented in its audited consolidated financial statements for the most recent fiscal year is accounted
for by domestic companies; and (ii) the main parts of the issuer’s business activities are conducted in mainland China, or
its main place(s) of business are located in mainland China, or the majority of senior management staff in charge of its business
operations and management are PRC citizens or have their usual place(s) of residence located in mainland China. Where an issuer
submits an application for initial public offering to competent overseas regulators, such issuer must file with the CSRC within three
business days after such application is submitted. The Overseas Listing Trial Measures also requires subsequent reports to be filed with
the CSRC on material events, such as change of control, investigations or sanctions imposed by overseas securities regulatory agencies
or other relevant competent authorities, change of listing status or transfer of listing segment, or voluntary or forced delisting of
the issuer(s) who have completed overseas offerings and listings, and where an issuer’s main business undergoes material changes
after overseas offering and listing, and is therefore beyond the scope of business stated in the filing documents, such issuer shall
submit to the CSRC an ad hoc report and a relevant legal opinion within 3 working days after occurrence of the changes. Furthermore,
pursuant to the Overseas Listing Measures, subsequent securities