Company: CAAS
Filing Date: 2025-08-04
Form Type: 424B3
Source: 0001104659-25-073486
Chunk: 83

Company: China Automotive Systems, Inc.
Filing Date: 2025-08-04
Form: 424B3
Chunk 83
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uant to the Law on Administration of Urban
Real Estate which took effect in January 1995 with the latest amendment in August 2019, lessors and lessees are required to
enter into a written lease contract, containing such provisions as the term of the lease, the use of the premises, liability for rent
and repair, and other rights and obligations of both parties. Both lessor and lessee are also required to register the lease with the
real estate administration department.

Regulations on Intellectual Property Rights

Patent Law

Pursuant to the Patent Law of the PRC, or the
Patent Law, promulgated by the SCNPC on March 12, 1984, as later amended on October 17, 2020, and became effective on June 1,
2021, and the Implementation Rules of the Patent Law of the PRC, promulgated by the State Council on June 15, 2001, and later
amended on January 9, 2010, there are three types of patents in the PRC: invention patent, utility model patent and industrial design
patent. The protection period is 20 years for invention patents and 10 years for utility model patents and industrial design patents,
commencing from their respective application dates. Any individual or entity that utilizes a patent or conducts any other activity in
infringement of a patent without prior authorization of the patentee shall pay compensation to the patentee and is subject to a fine
imposed by relevant administrative authorities and, if constituting a crime, shall be held criminally liable in accordance with the law.
In the event that a patent is owned by two or more co-owners without an agreement regarding the distribution of revenue generated from
the exploitation of any co-owner of the patent, such revenue shall be distributed among all the co-owners.

Existing patents can become narrowed, invalid
or unenforceable due to a variety of grounds, including lack of novelty, creativity, and deficiencies in patent applications. In China,
a patent must have novelty, creativity and practical applicability. Under the Patent Law, novelty means that before a patent application
is filed, no identical invention or utility model has been publicly disclosed in any publication in China or overseas or has been publicly
used or made known to the public by any other means, whether in or outside of China, nor has any other person filed with the patent authority
an application that describes an identical invention or utility model and is recorded