Company: CAAS
Filing Date: 2025-08-04
Form Type: 424B3
Source: 0001104659-25-073486
Chunk: 26

Company: China Automotive Systems, Inc.
Filing Date: 2025-08-04
Form: 424B3
Chunk 26
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 review
by the Cyberspace Administration of China, or the CAC for our prior issuance and offering of securities to foreign investors, but may
be required to obtain prior permission, filing, approval, and/or other administrative requirements of other PRC government authorities
in connection with our future issuance or offering of securities to foreign investors. If we and our subsidiaries are deemed to be a
critical information infrastructure operator, or CIIO, or a network platform operator, whose network product or service purchasing or
data processing activities affect or may affect national security, we would be required to go through a cybersecurity review by the CAC.
As of the date of this proxy statement/prospectus, neither we nor any of our subsidiaries has been identified as a CIIO by any government
authority, involved in any investigations or become subject to a cybersecurity review by the CAC based on the Cybersecurity Review Measures.
However, there remains some uncertainty as to how relevant rules published by the PRC government authorities will be interpreted
or implemented, and our opinions summarized above are subject to any new laws, rules, and regulations or detailed implementations and
interpretations in any form. We cannot assure you that the relevant PRC government authorities, including the CSRC and the CAC, would
reach the same conclusion and hence, we may face regulatory actions or other sanctions from them. For more details, see “Risk Factors
and Caution Regarding Forward-Looking Statements — Risks Related to Doing Business in China and Other Countries besides The United
States — Because a majority of our operations are in China, our business is subject to the complex and rapidly evolving laws and
regulations there. The Chinese government may exercise significant oversight and discretion over the conduct of our business and may
influence our operations at any time, which could result in a material change in our operations and/or the value of our securities.”
and “Risk Factors and Caution Regarding Forward-Looking Statements — Risks Related to Doing Business in China and Other Countries
besides The United States — The approval of, or filing or other procedures with, the CSRC or other Chinese regulatory authorities
may be required in connection with issuing our equity securities to foreign investors under Chinese law, and, if required, we cannot
predict whether we will be able, or how long it will take us, to obtain such approval or complete such filing or other procedures. We
are also required to obtain business licenses from Chinese authorities in connection with our general business activities currently conducted
in China.”

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