Company: CAAS
Filing Date: 2025-08-04
Form Type: 424B3
Source: 0001104659-25-073486
Chunk: 103

Company: China Automotive Systems, Inc.
Filing Date: 2025-08-04
Form: 424B3
Chunk 103
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 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 regards to characteristics    
 such as independence, knowledge, skills, experience and diversity;                              |
| · | making                                                                                          
 recommendations on the frequency and structure of board meetings and monitoring the functioning 
 of the committees of the board; and                                                             |
| · | advising                                                                                        
 the board periodically with regards to significant developments in the law and practice of      
 corporate governance as well as compliance with applicable laws and regulations, and making     
 recommendations to the board on all matters of corporate governance and on any remedial action  
 to be taken.                                                                                    |

Duties of Directors

Under Cayman Islands law, directors owe fiduciary
duties to the company, including a duty of loyalty, a duty to act honestly, and a duty to act