Company: CAAS
Filing Date: 2025-08-04
Form Type: 424B3
Source: 0001104659-25-073486
Chunk: 102

Company: China Automotive Systems, Inc.
Filing Date: 2025-08-04
Form: 424B3
Chunk 102
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 or transaction or proposed contract or transaction is considered.

The directors may at their discretion exercise
all the powers of CAAS Cayman to raise or borrow money, and to mortgage or charge its undertaking, property, and assets (present or future)
and uncalled capital or any part thereof, and to issue debentures, debenture stock, bonds, or other securities, whether outright or as
collateral security for any debt, liability, or obligation of CAAS Cayman or of any third party.

Board Committees

The CAAS Cayman board of directors will have an
audit committee, a compensation committee, and a nominating committee, and a charter will be adopted for each of the foregoing committees.
Each committee’s members and functions are described below:

Audit Committee

The audit committee will consist of Guangxun Xu
(chairman), Robert Wei Cheng Tung and Tao Liu. Guangxun Xu satisfies the criteria of an audit committee financial expert as set forth
under the applicable rules of the SEC. Each of audit committee members satisfies the requirements for an “independent director”
within the meaning of the Nasdaq listing rules and the criteria for independence set forth in Rule 10A-3 of the Exchange Act.

The audit committee will oversee CAAS Cayman’s
accounting and financial reporting processes. The audit committee will be responsible for, among other things:

| · | appointing                                                                                  
 the independent auditors and pre-approving all auditing and non-auditing services permitted 
 to be performed by the independent auditors;                                                |
| · | reviewing                                                                                   
 with the independent auditors any audit problems or difficulties and management’s response; |
| · | discussing                                                                                  
 the annual audited financial statements with management and the independent auditors;       |
| · | reviewing                                                                                   
 the adequacy and effectiveness of CAAS Cayman’s accounting and internal control policies    
 and procedures and any steps taken to monitor and control major financial risk exposures;   |
| · | reviewing                                                                                   
 and approving all proposed related party transactions;                                      |
| · | meeting                                                                                     
 separately and periodically with management and the independent auditors; and               |
| · | monitoring                                                                                  
 compliance with CAAS Cayman’s code of business conduct and ethics, including reviewing      
 the adequacy and effectiveness of CAAS Cayman’s procedures to ensure proper compliance.     |

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Compensation Committee

The compensation committee will consist of Tao
Liu (chairman), Guangxun Xu and Robert Wei