Company: CAAS
Filing Date: 2025-07-01
Form Type: F-4
Source: 0001104659-25-064447
Chunk: 146

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-01
Form: F-4
Chunk 146
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 amount than its existing shares;                                                                                                          |
| · | sub-divide its existing shares, or any of them into shares of a smaller amount                                                            
 that is fixed by the Amended CAAS Cayman Articles; and                                                                                    |
| · | cancel any shares which, at the date of the passing of the resolution, have                                                               
 not been taken or agreed to be taken by any person and diminish the amount of its share capital by the amount of the shares so cancelled. |

Subject to the Companies Act and confirmation by
the Grand Court of the Cayman Islands on an application by CAAS Cayman for an order confirming such reduction, CAAS Cayman may by special
resolution reduce its share capital and any capital redemption reserve in any manner authorized by the Companies Act.

Issuance of Additional Shares

The Amended CAAS Cayman Articles authorizes CAAS
Cayman’s board of directors to issue additional ordinary shares from time to time as its board of directors shall determine, to
the extent of available authorized but unissued shares.

The Amended CAAS Cayman Articles authorizes CAAS
Cayman’s board of directors to establish from time to time one or more series of preferred shares and to determine, with respect
to any series of preferred shares, the terms and rights of that series, including:

| · | the designation of the series;                                             |
| · | the number of shares of the series;                                        |
| · | the dividend rights, dividend rates, conversion rights, voting rights; and |
| · | the rights and terms of redemption and liquidation preferences.            |

CAAS Cayman’s board of directors may issue
preferred shares without action by its shareholders to the extent authorized but unissued. In addition, the issuance of preferred shares
may be used as an anti-takeover device without further action on the part of the shareholders. Issuance of these shares may dilute the
voting power of holders of ordinary shares.

Rights of Non-resident or Foreign Shareholders.

There are no limitations imposed by the Amended
CAAS Cayman Articles on the rights of non-resident or foreign shareholders to hold or exercise voting rights on the shares. In addition,
there are no provisions in the Amended CAAS Cayman Articles governing the ownership threshold above which shareholder ownership must be
disclosed.

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Exempted Company

CAAS Cayman is an exempted company duly incorporated
with limited liability under the Companies Act