Company: CAAS
Filing Date: 2025-07-01
Form Type: F-4
Source: 0001104659-25-064447
Chunk: 82

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-01
Form: F-4
Chunk 82
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 or the MOFCOM and the State Administration for Market Regulation, which
took effect on January 1, 2020, a foreign investment information reporting system has been established and foreign investors or foreign-invested
enterprises shall report investment information to competent commerce departments of the government through the enterprise registration
system and the enterprise credit information publicity system, and the administration for market regulation shall forward the above investment
information to the competent commerce departments in a timely manner. In addition, the MOFCOM has set up a foreign investment information
reporting system to receive and handle the investment information and inter-departmentally shared information forwarded by the administration
for market regulation in a timely manner. The foreign investors or foreign-invested enterprises shall report the investment information
by submitting reports including initial reports, change reports, deregistration reports and annual reports.

On September 6, 2024, the NDRC and the MOFCOM
promulgated the Special Administrative Measures for Access of Foreign Investment (Negative List) (2024 Edition), or the 2024 Negative
List, which came into effect on November 1, 2024. In addition, the NDRC and the MOFCOM promulgated the Encouraged Industry Catalogue
for Foreign Investment (2022 Edition), or the 2022 Encouraged Industry Catalogue, which was promulgated on October 26, 2022, and
came into effect on January 1, 2023. Industries not listed in the 2024 Negative List and 2022 Encouraged Industry Catalogue are generally
open for foreign investments unless specifically restricted by other PRC laws. The establishment of wholly foreign-owned enterprises is
generally allowed in encouraged and permitted industries. Some restricted industries are limited to equity or contractual joint ventures,
while in some cases Chinese partners are required to hold the majority equity interests in such joint ventures. In addition, foreign investment
in projects in a restricted category is subject to government approvals. Foreign investors are not allowed to invest in industries in
the prohibited category.

Pursuant to the Provisional Administrative Measures
on Establishment and Modifications (Filing) for Foreign Invested Enterprises promulgated by the MOFCOM on October 8, 2016, and amended
in 2017 and 2018, establishment and changes of FIEs not subject to approvals under the special entry management measures shall be filed
with the relevant commerce authorities. However, as the PRC Foreign Investment Law has taken effect,