Company: CAAS
Filing Date: 2025-07-25
Form Type: F-4/A
Source: 0001104659-25-070492
Chunk: 103

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-25
Form: F-4/A
Chunk 103
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 with management and the                                              
 independent auditors;                                                                                                   |
| · | reviewing the adequacy and effectiveness of CAAS Cayman’s accounting                                                    
 and internal control policies and procedures and any steps taken to monitor and control major financial risk exposures; |
| · | reviewing and approving all proposed related party transactions;                                                        |
| · | meeting separately and periodically with management and the independent auditors;                                       
 and                                                                                                                     |
| · | monitoring compliance with CAAS Cayman’s code of business conduct and                                                   
 ethics, including reviewing the adequacy and effectiveness of CAAS Cayman’s procedures to ensure proper compliance.     |

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Compensation Committee

The compensation committee will consist of Tao
Liu (chairman), Guangxun Xu and Robert Wei Cheng Tung. Each of compensation committee members satisfies the requirements for an “independent
director” within the meaning of the Nasdaq listing rules.

The compensation committee will assist the board
of directors in reviewing and approving the compensation structure, including all forms of compensation, relating to CAAS Cayman’s
directors and officers. The compensation committee will be responsible for, among other things:

| · | reviewing and approving, or recommending to the board of directors for its                    
 approval, the compensation for CAAS Cayman’s chief executive officer and other officers;      |
| · | reviewing and recommending to the board of directors for determination with                   
 respect to the compensation of CAAS Cayman’s non-employee directors;                          |
| · | reviewing periodically and approving any incentive compensation or equity                     
 plans, programs similar arrangements; and                                                     |
| · | selecting compensation consultant, legal counsel or other advisor only after                  
 taking into consideration all factors relevant to that person’s independence from management. |

Nominating Committee

The nominating committee will consist of Guangxun
Xu (chairman), Robert Wei Cheng Tung and Tao Liu. Each of nominating committee members satisfies the requirements for an “independent
director” within the meaning of the Nasdaq listing rules.

The nominating committee will assist the board
of directors in selecting individuals qualified to become directors of CAAS Cayman and in determining the composition of the board of
directors and its committees. The nominating committee will be responsible for, among other things:

| · | selecting and recommending to the board nominees for election by the shareholders                                                      
 or appointment by the board;                                                                                                           |
| · | reviewing annually with the board the current composition of the board with