Company: CAAS
Filing Date: 2025-07-25
Form Type: F-4/A
Source: 0001104659-25-070492
Chunk: 20

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-25
Form: F-4/A
Chunk 20
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omicile Merger, the
holders of issued and outstanding common stock of the Company will be entitled to receive CAAS Cayman ordinary shares. The rights of the
holders of the Company’s common stock are governed by the Company’s certificate of incorporation and bylaws, the DGCL and
the common law of the State of Delaware, while the rights of holders of CAAS Cayman’s ordinary shares are generally governed by
CAAS Cayman’s amended and restated memorandum and articles of association, the Companies Act of the Cayman Islands (As Revised),
and the common law of the Cayman Islands. There are differences in rights afforded by under Delaware law and Cayman Islands law. Please
see the section entitled “Comparison of Rights under Delaware and Cayman Islands Laws.”

Risks Associated with the Redomicile Merger

Holders of the Company’s common stock and,
assuming consummation of the Redomicile Merger, CAAS Cayman’s ordinary shares, will be subject to various risks associated with
CAAS Cayman’s business and industries. These risks are discussed in greater detail under the section entitled “Risk Factors
and Caution Regarding Forward-Looking Statements” in this proxy statement/prospectus. The Company encourages you to read and consider
all of these risks carefully.

The Holding Foreign Companies Accountable Act

Pursuant to the Holding Foreign Companies Accountable
Act, if the SEC determines that we have filed audit reports issued by a registered public accounting firm that has not been subject to
inspections by the PCAOB for two consecutive years, the SEC will prohibit our securities from being traded on a national securities exchange
or in the over-the-counter trading market in the United States. On December 16, 2021, the PCAOB issued a report to notify the SEC
of its determination that the PCAOB was unable to inspect or investigate completely registered public accounting firms headquartered in
mainland China and Hong Kong, including our auditor. In May 2022, the SEC conclusively listed the Company as a Commission-Identified
Issuer under the HFCAA following the filing of the annual report on Form 10-K for the fiscal year ended December 31, 2021. On
December 15, 2022, the PCAOB issued a report that vacated its December 16, 2021 determination and removed mainland China and
Hong Kong from the list of jurisdictions where it is unable to inspect or investigate completely registered public accounting firms. For
this reason, we do