Company: CAAS
Filing Date: 2025-07-01
Form Type: F-4
Source: 0001104659-25-064447
Chunk: 138

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-01
Form: F-4
Chunk 138
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 are “effectively
connected” with the conduct of a trade or business within the United States by such Non-U.S. Holder, and, if required by an applicable
tax treaty, the dividends are attributable to a permanent establishment that the Non-U.S. Holder maintains in the United States, CAAS
Cayman and other payors generally are not required to withhold tax from the dividends; provided that the Non-U.S. Holder
has furnished to CAAS Cayman or another payor a valid IRS Form W-8ECI or an acceptable substitute form upon which the Non-U.S. Holder
certifies, under penalties of perjury, that:

| · | such Non-U.S. Holder is a non-U.S. person; and                                                              |
| · | the dividends are effectively connected with the conduct of a trade or business                             
 within the United States by such Non-U.S. Holder and are includible in such Non-U.S. Holder’s gross income. |

“Effectively connected” dividends are
taxed on a net income basis in the same manner as if a Non-U.S. Holder were a U.S. person.

“Effectively connected” dividends
received by a corporate Non-U.S. Holder may, under certain circumstances, be subject to an additional “branch profits tax”
at a 30% rate or at a lower applicable treaty rate.

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Sale, Exchange or Other Taxable Disposition of CAAS Cayman Ordinary Shares

A Non-U.S. Holder generally will not be subject
to U.S. federal income or withholding tax on gain recognized on a disposition of CAAS Cayman ordinary shares unless:

“Effectively connected” gains are taxed
on a net income basis in the same manner as if a Non-U.S. Holder were a U.S. person. “Effectively connected” gains recognized
by a corporate Non-U.S. Holder may also, under certain circumstances, be subject to an additional “branch profits tax” at
a 30% rate or at a lower applicable treaty rate. An individual Non-U.S. holder who is subject to U.S. federal income tax because the Non-U.S.
holder was present in the United States for 183 days or more during the year of sale or other disposition of CAAS Cayman ordinary shares
will generally be subject to a flat 30% tax on the gain derived from such sale or other disposition, which may be offset by U.S. source
capital losses (subject to any applicable