Company: CAAS
Filing Date: 2025-07-25
Form Type: F-4/A
Source: 0001104659-25-070492
Chunk: 126

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-25
Form: F-4/A
Chunk 126
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, CAAS Cayman
will adopt and assume the obligations of the Company under or with respect to certain contracts or agreements as described in the Merger
Agreement. These contracts and agreements will become the obligations of CAAS Cayman and will be performed in the same manner and without
interruption until the same are amended or otherwise lawfully altered or terminated.

The Merger Agreement and the Plan of Merger may
be amended, modified or supplemented at any time before or after it is adopted by the stockholders of the Company. However, after adoption
by the stockholders, no amendment, modification or supplement that requires further approval by the Company’s stockholders may be
made or effected without obtaining such approval.

Possible Abandonment

Pursuant to the Merger Agreement, the Board of
Directors of the Company may exercise its discretion to terminate the Merger Agreement, and therefore abandon the Redomicile Merger, at
any time prior to the Effective Time, including after the adoption of the Merger Agreement by the Company’s stockholders. Please
see the section entitled “Risk Factors and Caution Regarding Forward-Looking Statements — Risks Related to the Redomicile
Merger — Our Board of Directors may choose to defer or abandon the Redomicile Merger.”

Additional Agreements

CAAS Cayman expects to enter into indemnification
agreements with its directors, officers and certain other employees (including those of its subsidiaries). The CAAS Cayman indemnification
agreements will generally require that CAAS Cayman indemnify and hold an indemnitee harmless to the fullest extent permitted by law for
liabilities arising out of the indemnitee’s current or past association with CAAS Cayman, any subsidiary of CAAS Cayman or another
entity where he or she is or was serving at CAAS Cayman’s request as a director or officer or in a similar capacity that involves
services with respect to any employee benefit plan.

The indemnification agreements also provide for
the advancement of defense expenses by CAAS Cayman. Please also see the section entitled “Comparison of Rights under Delaware and
Cayman Islands Laws — Indemnification of Directors and Officers” for a description of indemnification of directors and officers
under the Companies Act and the Amended CAAS Cayman Articles.

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Conditions to Completion of the Redomicile Merger

The following conditions must be satisfied or waived,
if allowed by law, to complete the