Company: CAAS
Filing Date: 2025-07-25
Form Type: F-4/A
Source: 0001104659-25-070492
Chunk: 109

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-25
Form: F-4/A
Chunk 109
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 daughter-in-law,
brother-in-law, or sister-in-law (including adoptive relationships), a trust in which these persons have more than fifty percent (50%)
of the beneficial interest, a foundation in which these persons (or the optionee) control the management of assets, and any other entity
in which these persons (or the optionee) own more than fifty percent (50%) of the voting interests.

Capital Adjustments. In the event of any
change in the outstanding common stock by reason of any stock split, reverse stock split, stock dividend, combination, recapitalization
or reclassification of the common stock, or any other increase or decrease in the number of issued shares of common stock effected without
receipt of consideration by the Company, the administrator in its discretion make proportionate adjustments, which shall be final, binding
and conclusive.

Substitution of Awards. In the event of
a Corporate Transaction (including without limitation a Change of Control), each outstanding option shall be assumed or an equivalent
option or right shall be substituted by such successor corporation or a parent or subsidiary of such successor corporation (the “Successor
Corporation”), unless the Successor Corporation does not agree to assume the award or to substitute an equivalent option or right,
in which case such option shall terminate upon the consummation of the transaction. “Corporate Transaction” means a sale of
all or substantially all of the Company’s assets, or a merger, consolidation or other capital reorganization or business combination
transaction of the Company with or into another corporation, entity or person, or 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. “Change of
Control” means (1) a sale of all or substantially all of the Company’s assets, or (2) any merger, consolidation
or other business combination transaction of the Company with or into another corporation, entity or person, other than a transaction
in which the holders of at least a majority of the shares of voting capital stock of the Company outstanding immediately prior to such
transaction continue to hold (either by such shares remaining outstanding or by their being converted into shares of voting capital stock
of the surviving entity) a majority of the total voting power represented by the shares of voting capital stock of the Company (or the
surv