Company: CAAS
Filing Date: 2025-07-01
Form Type: F-4
Source: 0001104659-25-064447
Chunk: 148

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-01
Form: F-4
Chunk 148
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 rights that would result from the
Redomicile Merger. As such, this summary does not cover all the differences between Companies Act and the DGCL affecting corporations
and their shareholders or all of the differences between the Company’s certificate of incorporation and bylaws and the Amended CAAS
Cayman Articles. While we believe this summary is accurate in all material respects, the following descriptions are qualified in their
entirety by reference to the complete text of the relevant provisions of the Companies Act, the DGCL, the Company’s certificate
of incorporation and bylaws and the Amended CAAS Cayman Articles. CAAS Cayman plans to adopt the Amended CAAS Cayman Articles, which will
become effective immediately upon the completion of the Redomicile Merger and will replace its existing memorandum and articles of association
in their entirety. A copy of the Amended CAAS Cayman Articles that will become effective upon consummation of the Redomicile Merger is
attached hereto as an exhibit to this Registration Statement on Form F-4 of which this proxy statement/prospectus is a part. We encourage
you to read the laws and documents referenced above.

| DGCL/The Company’s Certificate of Incorporation and Bylaws                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     | Companies Act/Amended CAAS Cayman Articles                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Stockholder/Shareholder Approval of Business Combinations; Fundamental Changes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Under the DGCL, a merger, consolidation, sale, lease, exchange or other disposition of all or substantially all of the property of a corporation not in the usual and regular course of the corporation’s business, or a dissolution of the corporation, is generally required to be approved by the holders of a majority of the shares outstanding and entitled to vote on the matter, unless the certificate of incorporation provides otherwise. The Company’s certificate of incorporation does not provide otherwise.                                                                                                 
 In general, under the DGCL, unless required by its certificate of incorporation, mergers in which the surviving corporation will issue less than 20% of such corporation’s stock do not require approval of the surviving corporation’s shareholders. In addition, mergers in which one corporation owns 90% or more of each class of stock of a second corporation may be completed without the vote of the second corporation’s board of directors or shareholders. In certain situations, the approval of a business combination may require approval by a certain number of the holders of