Company: CAAS
Filing Date: 2025-07-01
Form Type: F-4
Source: 0001104659-25-064447
Chunk: 76

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-01
Form: F-4
Chunk 76
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 of the close of business on July 30,
2024, respectively, it does not anticipate paying any other cash dividends in the foreseeable future. The Company currently intends to
retain future earnings, if any, to finance operations and the expansion of its business. Any future determination to pay cash dividends
will be at the discretion of the Company’s Board of Directors, and after the Redomicile Merger, the board of directors of CAAS Cayman,
and will be based upon the Company’s financial condition, operating results, capital requirements, plans for expansion, restrictions
imposed by any financing arrangements and any other factors that the Company’s Board of Directors deems relevant.

Financial Information and Geographic Areas

The following table summarizes the percentage
of sales by major geographic regions (figures are in thousands of US dollars, except for percentages):

|                         |     | Year Ended December 31, |    2024 |     |       |   |     |     |    2023 |     |       |   |     |     |    2022 |     |       |   |
|:------------------------|:----|:------------------------|--------:|:----|------:|:--|:----|:----|--------:|:----|------:|:--|:----|:----|--------:|:----|------:|:--|
| Geographic region:      |     |                         |         |     |       |   |     |     |         |     |       |   |     |     |         |     |       |   |
| China                   |     |                         | 443,865 |     |  68.2 | % |     |     | 374,929 |     |  65.1 | % |     |     | 331,589 |     |  62.6 | % |
| United States           |     |                         | 107,880 |     |  16.6 | % |     |     | 111,456 |     |  19.3 | % |     |     | 135,149 |     |  25.5 | % |
| Other foreign countries |     |                         |  99,190 |     |  15.2 | % |     |     |  89,969 |     |  15.6 | % |     |     |  62,813 |     |  11.9 | % |
|