Company: CAAS
Filing Date: 2025-07-01
Form Type: F-4
Source: 0001104659-25-064447
Chunk: 19

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-01
Form: F-4
Chunk 19
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 historical cost as an exchange between entities under common control.

Dissenters’ Rights

In connection with the Redomicile Merger, our stockholders
will not have dissenters’ rights under the DGCL. Please see the section entitled “Comparison of Rights under Delaware and
Cayman Islands Laws.”

Regulatory Approval

Other than the filing of the Plan of Merger with
the Registrar of Companies of Cayman Islands, the only governmental or regulatory approvals or actions that are required to complete the
Redomicile Merger are compliance with U.S. federal and state securities laws and Delaware corporate law (including the filing with the
Secretary of State of the State of Delaware of a certificate of merger). The Redomicile Merger and the issuance of ordinary shares by
CAAS Cayman in connection therewith may be subject to a post-transaction filing procedure with the CSRC, and we plan to proactively communicate
with the CSRC and complete such procedure if so required.

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Material U.S. Federal Income Tax Consequences

After the Redomicile Merger, CAAS Cayman, as successor
to the Company, will continue to be treated as a U.S. corporation for U.S. federal income tax purposes. The Company intends the Redomicile
Merger to qualify as a reorganization within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended
(the “Code”). Assuming the Redomicile Merger qualifies as a reorganization, a U.S. Holder will not recognize any gain or loss
for U.S. federal income tax purposes upon receipt of CAAS Cayman ordinary shares in the Redomicile Merger. A U.S. holder will have an
adjusted tax basis in the CAAS Cayman ordinary shares received in the Redomicile Merger equal to the adjusted tax basis of the Company
common stock surrendered by such U.S. Holder in the Redomicile Merger. The holding period for CAAS Cayman ordinary shares received in
the Redomicile Merger will include the holding period for the Company common stock surrendered therefor. Please see the section entitled
“Proposal One — The Merger Proposal — Taxation — United States Taxation.”

Comparison of Stockholder/Shareholder Rights

Upon consummation of the Redomicile Merger, the
holders of issued and outstanding common stock of the Company will be entitled to receive CAAS Cayman ordinary shares. The rights of the