Company: CAAS
Filing Date: 2025-08-04
Form Type: 424B3
Source: 0001104659-25-073486
Chunk: 158

Company: China Automotive Systems, Inc.
Filing Date: 2025-08-04
Form: 424B3
Chunk 158
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 holder’s CAAS Common Stock certificates in exchange for share certificates representing CAAS Cayman Ordinary Shares.

(c)At
the Effective Time, holders of CAAS Common Stock will cease to be, and will have no rights as, stockholders of CAAS, other than the right
to receive any dividend or other distribution with a record date prior to the Effective Time that may have been declared or made by CAAS
on such shares of CAAS Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and that remain
unpaid at the Effective Time. After the Effective Time, there shall be no further registration of transfers on the stock transfer books
of the Surviving Company of the shares of CAAS Common Stock that were outstanding immediately prior to the Effective Time. Upon and after
the Effective Time, registered shareholders in CAAS Cayman’s register of members will have and be entitled to exercise any voting
and other rights with respect to and to receive any dividend and other distributions upon CAAS Cayman Ordinary Shares registered in their
respective names in the register of members.

Section 2.03.

There are no dissenters’
rights or appraisal rights available to holders of CAAS Common Stock under the DGCL, pursuant to Section 262(b)(1) thereof,
or under the Cayman Companies Act in connection with the Merger.

<div align='center'>Article III

Assumption of employee benefit and compensation plan and other contracts</div>

Section 3.01.

At the Effective Time, CAAS Cayman shall assume all of the rights and obligations of CAAS under the Stock Plan (the “”). To the extent the Stock Plan or any applicable agreement relating thereto provides for the issuance, delivery
or purchase of, or otherwise relates to, CAAS Common Stock, from and after the Effective Time, the Stock Plan or applicable agreement
shall be deemed to have been amended to provide for the issuance, or purchase of, or otherwise relate to, CAAS Cayman Ordinary Shares,
and all options or awards issued, or benefits available or based upon the value of a specified number of shares of CAAS Common Stock,
under the Stock Plan after the Effective Time shall entitle the holder thereof to purchase, receive, acquire, hold or realize the benefits
measured by the value of, as appropriate, an equivalent number of CAAS Cayman Ordinary Shares in accordance with the terms of the Stock
Plan and any applicable agreement relating thereto. The outstanding options or other awards or benefits