Document:

Form of Employment Agreement

 Exhibit 10.3 
 EMPLOYMENT AGREEMENT 
 EMPLOYMENT AGREEMENT (this
“Agreement”), dated as of                      (the “Effective Date”), is entered into between China Zenix
Auto International Limited, a company incorporated and existing under the laws of the British Virgin Islands (the “Company”), and
                    , an individual with ID/passport number being
                     (“Executive”). 
 W I T N E S S E T H: 
 In consideration of the mutual covenants herein contained, the Company and Executive hereby agree as follows: 
 1. Employment. 
 (a) Agreement to Employ. Subject to the
terms and the conditions of this Agreement, the Company hereby agrees to employ Executive, and Executive hereby agrees to accept employment by the Company, effective as of the Effective Date. 

(b) Term of Employment. Unless Executive’s employment shall sooner terminate pursuant to Section 4, the Company shall
employ Executive for the period commencing on the Effective Date and ending on                      (such period, together with any extensions
thereto, being referred to as the “Term”). The Term of the employment may be extended for                      by mutual
agreement of the parties hereto. If the parties hereto wish to extend the Term of employment, they will start to negotiate a new employment agreement at least 60 days prior to the end of the Term. The period during which Executive is employed
pursuant to this Agreement shall be referred to as the “Employment Period.” 
 (c) Duties and
Responsibilities. During the Employment Period, Executive shall serve as                      of the Company in
                    , China and his duties and responsibilities shall consist of
                     and other duties and responsibilities of an executive nature which are consistent with his position. Executive shall
comply with all applicable policies and procedures of the Company. Executive agrees that during the Employment Period he shall be a full-time employee and shall devote his working time, energy and attention to the performance of his duties and
responsibilities under this Agreement and faithfully and diligently endeavor to promote the business and best interests of the Company, and shall not engage in any other business activities, no matter whether such activities conflict with the
Company’s business or not. Executive shall report to                      and the Company’s Board of Directors. 

2. Compensation and Benefits. 
 (a) Compensation. During the Employment Period, the Company shall pay Executive an annual compensation at the annual rate of
                    . 
 (b) The Executive shall be eligible to receive any benefit as the Company generally provides to its senior executives of comparable position in accordance with the benefit plans established and amended
from time to time by the Company in its sole discretion, including, but not limited to, any retirement plan, life insurance plan, health insurance plan, unemployment, and other social insurance and housing fund benefits, and travel/holiday plan in
accordance with applicable PRC law and regulations. 

  
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 (c) Vacation. During the Employment Period, Executive shall be entitled to paid
vacation of                      business days per year, in accordance with the Company’s then current policies and practices. Not more
than                      business days of accrued but unused vacation time may be carried over to the following year. 

(d) Taxes. All taxes regarding the Executive’s compensation are and shall remain the Executive’s responsibility and will
be borne by the Executive. If the Company bears an obligation to withhold and collect taxes in accordance with any laws or regulations, the Company shall do so. The Company agrees to endeavor to structure the payment of the Executive’s
compensation in a tax-efficient manner in compliance with applicable laws and regulations and acceptable to the Company’s accounting firm and legal advisors. 
 (e) Compensation Payments. The compensation and benefits under this Section 2 shall be provided directly by the Company to the Executive, or indirectly through any of the Company’s
subsidiaries as may be designated by the Company from time to time to the Executive. 
 3. Equity-based Incentives. The Company
intends to adopt and maintain an equity compensation plan. The Executive will be eligible for participating in such plan pursuant to the terms and conditions thereof, as determined by the Company’s Board of Directors, and any award granted
thereunder will be governed by an award agreement to be entered into separately between the Company and the Executive. 
 4. Termination
of Employment. 
 (a) Early Termination of the Employment Period. Notwithstanding Section 1(b) hereof, the
Employment Period shall end and this Agreement shall terminate if, prior to the end of the Term, Executive’s employment with the Company terminates for any reason, including but not limited to, Executive’s death or Disability (as
hereinafter defined), termination by the Company with or without Cause (as hereinafter defined), or voluntary termination by Executive. In such event, the Employment Period shall end and, except as otherwise provided herein, this Agreement shall
terminate upon the effective date of such termination. 
 (b) Termination by the Company with or without Cause. Executive
may be terminated by the Company with or without Cause. Termination shall become effective immediately upon delivery of written notice thereof to Executive in the case of termination with Cause. Executive shall be given a three (3) month period
in the case of termination without Cause. “Cause” shall mean (i) the continued failure by Executive substantially to perform his duties and obligations to the Company which is not cured 30 days after the Company notified the
Executive of the initial failure, including without limitation repeated refusal to follow the reasonable directions of the employer, knowing violation of law in the course of performance of the duties of Executive’s employment with the Company,
repeated absences from work without a reasonable excuse, and intoxication with alcohol or use of illegal drugs while on the Company’s premises during regular business hours (other than any such failure resulting from his or her incapacity due
to physical or mental illness); (ii) fraud or material dishonesty against the Company; or (iii) a conviction or plea of guilty for the commission of a felony or other crime. Determination of Cause shall be made by the Company’s Board
of Directors in its sole discretion. 

  
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 (c) Termination due to Death or Disability. Executive’s employment hereunder
shall terminate upon Executive’s death or in the event of a termination by the Company due to Executive’s Disability. “Disability” shall mean any physical or mental condition that would make Executive no longer capable or
suitable to perform his duties hereunder as determined in the sole discretion of the Company. 
 (d) Voluntary Termination by
Executive. Executive may voluntarily terminate his employment with the Company on not less than three (3) months’ prior written notice to the Company. 
 (e) Notice of Termination. Any termination of Executive’s employment by the Company or by Executive shall be communicated by a written Notice of Termination addressed to the other Party to
this Agreement. A “Notice of Termination” shall mean a notice stating that Executive’s employment with the Company has been or will be terminated and the specific provisions of this Section 4 under which such termination
is being effected. 
 (f) Payment Upon Termination by the Company without Cause. In the event of the termination by the
Company without Cause, the Company agrees to pay the Executive compensation for the                      period following the date of
termination, payable in accordance with the Company’s payroll practice in effect on such termination date. 
 5. Covenants.

 (a) Non-Compete and Confidentiality Agreement. In consideration of the employment and other consideration offered by
the Company under this Agreement, the Executive agrees to enter into a Non-Compete and Confidentiality Agreement with the Company in the form attached hereto as Exhibit A (the “Non-Compete and Confidentiality Agreement”). The
Executive acknowledges and agrees that the compensation to be paid by the Company hereunder shall have contained any and all economic consideration for each and all obligations of the Executive provided for in the Non-Compete and Confidentiality
Agreement. 
 (b) Mutual Non-Disparagement. Executive will not at any time during or after the Employment Period make
(whether directly or through any other person or entity) any public or private statements (whether oral or in writing) which are derogatory or damaging to the Company or any of its affiliates, businesses, activities, operations, affairs, reputations
or prospects or any of their respective officers, employees, members, partners, directors or shareholders, and the Company will cause its officers and directors to not make disparaging or derogatory comments about Executive except, in each case, to
the extent required by law, and only after consultation with the other party to the maximum extent possible to maintain goodwill for such party. 
 6. Information of Previous Employer. The Executive agrees that during the Employment Period he will not inappropriately use or disclose any proprietary information or trade secrets owned by
any previous employer of the Executive or any other individual or entity obtained prior to the Effective Date with the Company, nor will he bring to the Company any such non-public document or proprietary information. 

  
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 7. Enforcement. In the event that Executive breaches any covenant set forth in Section 5
hereof (including any covenants set forth in the Non-Compete and Confidentiality Agreement), the Company shall be entitled to an injunction restraining Executive from violating such restrictive covenant. If the Company shall institute any action or
proceeding to enforce any such restrictive covenant, Executive hereby waives the claim or defense that the Company has an adequate remedy at law and agrees not to assert in any such action or proceeding the claim or defense that the Company has an
adequate remedy at law. 
 8. Miscellaneous. 
 (a) Survival. To the extent necessary to give effect to such provisions, the provisions of this Agreement (including without limitation, Sections 5 and 7 hereof) shall survive the termination
hereof, whether such termination shall be by expiration of the Employment Period, an early termination pursuant to Section 4 or otherwise. 
 (b) Binding Effect. This Agreement shall be binding on, and shall inure to the benefit of, the Company and any person or entity that succeeds to the interest of the Company (regardless of whether
such succession occurs by operation of law) by reason of a merger, consolidation or reorganization involving the Company or, unless the Company otherwise elects in writing, a sale of the assets of the business of the Company (or portion thereof) in
which Executive performs a majority of his services. This Agreement shall also inure to the benefit of Executive’s heirs, executors, administrators and legal representatives. 

(c) Assignment. This Agreement may not be assigned by Executive. The Company may assign its rights, together with its obligations,
hereunder (i) to any affiliate or (ii) to third parties in connection with any sale, transfer or other disposition of all or substantially all of its business or assets. 

(d) Entire Agreement. This Agreement (together with exhibits hereto) and the Non-Compete and Confidentiality Agreement constitute
the entire agreement between the parties hereto with respect to the matters referred to herein and supersedes any and all prior agreements, whether written or oral. No other agreement relating to the terms of Executive’s employment by the
Company, oral or otherwise, shall be binding between the parties unless it is in writing and signed by the party against whom enforcement is sought. There are no promises, representations, inducements or statements between the parties other than
those that are expressly contained herein. Executive acknowledges that he is entering into this Agreement of his own free will and accord, and with no duress, that he has read this Agreement and that he understands it and its legal consequences.

 (e) Severability; Reformation. In the event that one or more of the provisions of this Agreement shall become invalid,
illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not be affected thereby. In the event any covenant contained herein is not enforceable in accordance with its
terms, Executive and the Company agree that such provision shall be reformed to make such covenant enforceable in a manner that provides the Company the maximum rights permitted at law. 

(f) Waiver. Waiver by any party hereto of any breach or default by the other party of any of the terms of this Agreement shall not
operate as a waiver of any other breach or default, whether similar to or different from the breach or default waived. No waiver of any provision of this Agreement shall be implied from any course of dealing between the parties hereto or from any
failure by either party hereto to assert its or his rights hereunder on any occasion or series of occasions. 

  
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 (g) Notices. Any notice required or desired to be delivered under this Agreement
shall be in writing and shall be delivered personally, by courier service, by registered mail, return receipt requested, or by telecopy and shall be effective upon actual receipt by the party to which such notice shall be directed, and shall be
addressed as follows (or to such other address as the party entitled to notice shall hereafter designate in accordance with the terms hereof): 
  

					
	If to the Company:	 	
	
	China Zenix Auto International Limited
	No. 1608, North Circle Road State Highway
	Zhangzhou, Fujian Province 363008
	People’s Republic of China
	Attention:	 	  
	 	
		
	If to the Executive:	 	
		
	  
	 	
	  
	 	
	  
	 	

 (h) Amendments. This Agreement may not be altered, modified or amended except by a written
instrument signed by each of the parties hereto. 
 (i) Headings. Headings to sections in this Agreement are for the
convenience of the parties only and are not intended to be part of or to affect the meaning or interpretation hereof. 
 (j)
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 

(k) Disputes. At the option of the party initiating the claim, any dispute, controversy or claim arising out of or relating to
this Agreement may be submitted to the Hong Kong International Arbitration Centre (“HKIAC”) in accordance with its arbitration rules. The award rendered in such an arbitration proceeding will be final and binding and judgment on the
award rendered may be entered in any court having jurisdiction over the parties. The number of arbitrators will be three, one of whom will be appointed by the party asserting a claim against the other party or parties, one of whom will be appointed
by the party or parties (acting together), as the case may be, against whom a claim has been asserted, and the third of whom will be selected by mutual agreement, if possible, within thirty days after the selection of the second arbitrator. The
language of the arbitration will be Mandarin Chinese and any foreign language documents presented at such arbitration will be accompanied by a Mandarin Chinese translation thereof that shall be prepared at the expense of the party seeking to present
such document. Any award of the arbitrators (i) will be in writing, (ii) will state the reasons upon which such award is based and (iii) may include an award of costs, including reasonable attorneys’ fees and disbursements. The
arbitrators will have no authority to award punitive damages or any other damages not measured by the prevailing party’s actual damages, and may not, in any event, make any ruling, finding or award that does not conform to the terms and
conditions of this Agreement. Notwithstanding the foregoing, any party may apply to any court having jurisdiction over the parties to obtain injunctive relief in order to maintain the status quo until such time as an arbitration award may be
rendered or the dispute, controversy or claim may be otherwise resolved. 

  
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 (l) Governing Law. This Agreement shall be governed by the laws of the State of New
York, U.S.A., without reference to principles of conflicts or choice of law under which the law of any other jurisdiction would apply. 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized officer and Executive has hereunto set his hand as of the day and year first above written. 

 

			
	CHINA ZENIX AUTO INTERNATIONAL LIMITED
		
	By:	 	  

		 	Name:
		 	Title:
	
	EXECUTIVE:
		
	By:	 	  

  
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 EXHIBIT A 
 NON-COMPETITION AND CONFIDENTIALITY AGREEMENT 
 This
NON-COMPETITION AND CONFIDENTIALITY AGREEMENT (this “Agreement”) dated as of                      (the
“Effective Date”), between China Zenix Auto International Limited, a company incorporated and existing under the laws of the British Virgin Islands (the “Company”), and
                     (“Executive”). 
 W I T N E S S E T H: 
 WHEREAS, concurrently herewith, the Company is entering into an Employment Agreement with the Executive (the “Employment Agreement”); and 

WHEREAS, the execution and delivery of this Agreement is required by the terms of the Employment Agreement, and the Company would
not employ the Executive based on the terms of the Employment Agreement unless the Executive executes this Agreement and agrees to comply with the terms hereof, and this Agreement constitutes an important portion of the consideration given by the
Employment under the Employment Agreement and is integral to the benefit of the bargain to the Company under the Employment Agreement. 
 All capitalized terms not otherwise defined herein shall have the same meaning ascribed thereto in the Employment Agreement. 
 NOW, THEREFORE, in consideration of the mutual covenants herein contained, and for the consideration received under the Employment Agreement, the sufficiency of which is hereby acknowledged,
the parties hereto, intending to be legally bound, hereby agree as follows: 
 1. Scope. The Executive
acknowledges that the provisions of this Agreement are an essential element of the terms of employment contemplated by the Employment Agreement, a fundamental inducement to the Company to enter into the Employment Agreement and reasonable and
necessary to protect the Company. In addition, the Executive acknowledges that the provisions of this Agreement (i) do not impose a greater restraint than is necessary to protect the goodwill or other business interest of the Company and
(ii) contain reasonable limitations as to the time and the scope of the activity to be restrained; and that the consideration provided under the Employment Agreement is sufficient to compensate the Executive for the restrictions contained
herein. 
 2. Non-Competition. Executive agrees that during the Employment Period (as defined in the Employment
Agreement) and for the [one (1)-year or six (6)-month] period thereafter (the “Restriction Period”), he shall not, directly or indirectly, for his own account, or in any capacity on behalf of any other third person or entity,
whether as an officer, director, employee, partner, member, joint venture, consultant, investor or otherwise, engage, or assist others engaged, in whole or in part, in any business in competition with the business of the Company or any of its
affiliates, or any other business that the Company or any of its affiliates may manage as of the date Executive’s employment hereunder terminates (a “Competing Business”). 

  
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 3. Non-Solicitation Executive agrees that during the Employment Period and the
Restriction Period, he shall not, directly or indirectly, whether through his own efforts, or through the efforts, or in any way assisting or employing the assistance, of any other person or entity (including without limitation through any
consultant or any person employed by or associated with any entity with whom Executive may be employed or associated) (i) solicit or otherwise attempt to interfere in the business relationship between the Company and any person, firm,
corporation or other entity that was a customer or client of the Company or its affiliates within the two (2)-year period immediately prior to the termination of Executive’s employment, or that was a prospective customer or client of the
Company or its affiliates to whom the Company has made a proposal within the one (1)-year period immediately prior to the termination of Executive’s employment, or (ii) solicit for employment, hire or otherwise engage in any capacity any
individual who is or has within the previous one (1) year been an employee, member or partner of the Company or any of its affiliates, or induce any such person to terminate his or her employment by or other relationship with the Company or any
of its affiliates. 
 4. Confidentiality. 

(a) Executive agrees that during the Employment Period and at all times thereafter, he will keep and retain in the strictest confidence
all confidential matters (“Confidential Information”) of the Company and its affiliates that Executive may develop or learn in the course of his employment, including, without limitation: 

 

	 	(i)	“know how,” design, programs, software, database, management system and descriptions thereof; 

 

	 	(ii)	business plan, development plan, status reports and results thereof; 

  

	 	(iii)	financial information or plans; track records and other performance data; 

  

	 	(iv)	sales and marketing information or plans; business or strategic plans; salary, bonus or other personnel information; 

 

	 	(v)	the terms of this Agreement or the Employment Agreement; 

  

	 	(vi)	information concerning new or potential investors, customers, clients or shareholders; 

 

	 	(vii)	trade secrets; pricing policies; operational methods; 

  

	 	(viii)	investment methodologies; technical processes; 

  

	 	(ix)	computer code; formulae, inventions and research projects; and 

  

	 	(x)	other business affairs of the Company and its affiliates. 

 (b) Notwithstanding the foregoing, Confidential Information shall not include any information which has been independently developed by Executive prior to the Effective Date (as defined in the Employment
Agreement). The Executive covenants and agrees that he will not remove any Confidential Information from the Company’s premises or disclose such Confidential Information to anyone outside of the Company, either during or after the Employment
Period, except (i) in good faith, in the course of performing his duties under this Agreement, (ii) with the prior written consent of the board of the Company (it being understood that Confidential Information shall not be deemed to
include any information that is publicly disclosed by the Company), or (iii) to the extent disclosure is compelled by a court of competent jurisdiction, arbitrator, agency, or other tribunal or investigative body in accordance with any
applicable statute, rule or regulation (but only to the extent any such disclosure is compelled, and no further). 

  
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 (c) In the event of termination of the Executive’s employment with the Company for any
reason, the Executive agrees, promptly and without request, to deliver to and inform the Company of all confidential or proprietary documents and data pertaining to his or her employment and the Company’s Confidential Information, whether
prepared by the Executive or otherwise coming into his or her possession. The Executive will not retain any written or other tangible material containing any information concerning or disclosing any of the Company’s Confidential Information.
The Executive shall also sign and date a “Termination Certification” in the following form: 
 “This is to certify
that I do not have in my possession, nor have I failed to return, any confidential information or copies thereof, or other documents or materials, equipment or other property belonging to the Company.” 

“I further certify that I have complied with and will continue to comply with the Non-Competition and Confidentiality Agreement which
I signed.” 
 “I further agree that, in compliance with the Non-Competition and Confidentiality Agreement, I will
preserve as confidential and not use any or all Confidential Information which has or could have commercial value or other utility due to its confidentiality in the business in which the Company is engaged or reasonably contemplates engaging or the
unauthorized disclosure of which could be detrimental to the interests of the Company, whether or not such information is identified as Confidential Information by the Company.” 

(d) In the event of termination of the Executive’s employment with the Company for any reason, the Executive agrees that he will
protect the value of the Company’s Confidential Information and take reasonable measures to prevent the misappropriation or disclosure thereof. The Executive will not disclose or use for his benefit (or for the benefit of any third party) or to
the detriment of the Company any Confidential Information. 
 5. Terms of Restrictive Covenants. 

(a) If any court or arbitration panel determines that any of the provisions of Sections 2, 3 or 4 of this Agreement (the
“Restrictive Covenants”), or any part thereof, is invalid or unenforceable, the remainder of the Restrictive Covenants shall not thereby be affected and shall be given full effect, without regard to the invalid portions. 

(b) If it is ever held that the Restrictive Covenants are too onerous and are not necessary for the protection of the Company, each party
to this Agreement agrees that any court of competent jurisdiction or arbitration panel, as provided in Section 7 hereof, may impose lesser restrictions which such court or arbitration panel may consider to be necessary or appropriate to
properly protect the other party or parties hereto. 
 (c) If the Executive breaches, or threatens to commit a breach of, the
Restrictive Covenants, the Company shall have the right and remedy to (i) have the Restrictive Covenants specifically enforced by any court having proper jurisdiction or an arbitration panel as provided in Section 7 hereof, it being
acknowledged and agreed that any such breach or threatened breach will cause irreparable injury to the Company and that monetary damages will not provide adequate remedy to the Company and (ii) to cancel, and the Executive agrees to forfeit,
any options or securities issued to the Executive. The foregoing rights shall be in addition to, and not in lieu of, any other rights and remedies available to the Company under law or in equity. 

  
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 (d) The Company and the Executive each intend to and hereby confer jurisdiction to enforce
the Restrictive Covenants upon the courts of any jurisdiction within the geographical scope of the Restrictive Covenants or upon an arbitration panel as set forth in Section 7 hereof. If the courts of any one or more of such jurisdictions or
such arbitration panel hold the Restrictive Covenants wholly unenforceable by reason of the breadth of such scope or otherwise, it is the intention of the Company and the Executive that such determination not bar or in any way affect the
Company’s right to relief provided above in the courts of any other jurisdiction within the geographical scope of such Restrictive Covenants, with breaches of such Restrictive Covenants in such other jurisdiction being, for this purpose,
severable into diverse and independent covenants. 
 6. Assignment of Work Products. 

(a) Definition of Work Products. “Work Products” means all or any part of the product researched, developed,
translated or obtained, including without limitation patents, trademarks, copyrights, business secrets, operation secrets, or know-how, regardless of whether such work products is (i) applicable for patent or protectable as copyright or
trademark; (ii) is produced in tangible form and applied in practice; (iii) is made during the course of the Executive’s employment with the company. 
 (b) Assignment of Work Products. The Executive hereby assigns and agrees to assign to the Company or its designee, his or her entire right, title and interest in and to all Work Products which he
may solely or jointly conceive, discover, develop or reduce to practice during the period of his or her employment (i) which are aided by the use of time, material, trade secrets or facilities of the Company, whether or not during working
hours, (ii) which has or could have commercial value or other utility in any of his or her work during the period of employment, or (iii) which has or would reasonably be expected to have commercial value or other utility in the business
in which the Company is engaged or reasonably contemplates engaging. The Executive agrees that all such Work Products shall be the sole property of the Company. Executive hereby agrees to waive and never assert “equitable rights,”
including but not limited to moral rights, in any such works either during or after employment, and to the extent permitted by law, assigns any such rights in all such works under any copyright or similar law to the Company. 

(c) Work Products Not Assigned. This Agreement shall not require that the Executive assign any of his or her rights in an Work
Product that the Executive developed entirely on his or her own time without using the Company’s equipment, supplies, facilities or trade secrets except for those Work Products that either: 

(i) relate at the time of conception or reduction to practice of the Work Product to the Company’s business or the actual or
demonstrably anticipated research or development of the Company; or 
 (ii) result from any work performed by the Executive for
the Company. 
 (d) Work Products Made Prior to Employment. No rights are hereby conveyed to Work Products, if any, made
by the Executive prior to retention by the Company, which, if any, are listed on an exhibit to this Agreement. 

  
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 (e) Necessary Acts. The Executive hereby agrees to perform, during and for one
(1) year following termination of the Executive’s employment with the Company for any reason, all acts deemed reasonably necessary by the Company and in accordance with applicable law to permit and assist the Company, at the Company’s
expense, in obtaining, maintaining and enforcing the full benefits, enjoyment, rights and title, throughout the world, of the Work Products hereby assigned by the Executive to the Company as set forth above. 

7. Governing Law; Disputes. This Agreement shall be governed by the laws of the State of New York, U.S.A., without
reference to principles of conflicts or choice of law under which the law of any other jurisdiction would apply. At the option of the party initiating the claim, any dispute, controversy or claim arising out of or relating to this Agreement may be
submitted to the Hong Kong International Arbitration Centre (“HKIAC”) in accordance with its arbitration rules. The award rendered in such an arbitration proceeding will be final and binding and judgment on the award rendered may be
entered in any court having jurisdiction over the parties. The number of arbitrators will be three, one of whom will be appointed by the party asserting a claim against the other party or parties, one of whom will be appointed by the party or
parties (acting together), as the case may be, against whom a claim has been asserted, and the third of whom will be selected by mutual agreement, if possible, within thirty days after the selection of the second arbitrator. The language of the
arbitration will be Mandarin Chinese and any foreign language documents presented at such arbitration will be accompanied by a Mandarin Chinese translation thereof that shall be prepared at the expense of the party seeking to present such document.
Any award of the arbitrators (i) will be in writing, (ii) will state the reasons upon which such award is based and (iii) may include an award of costs, including reasonable attorneys’ fees and disbursements. The arbitrators will
have no authority to award punitive damages or any other damages not measured by the prevailing party’s actual damages, and may not, in any event, make any ruling, finding or award that does not conform to the terms and conditions of this
Agreement. Notwithstanding the foregoing, any party may apply to any court having jurisdiction over the parties to obtain injunctive relief in order to maintain the status quo until such time as an arbitration award may be rendered or the dispute,
controversy or claim may be otherwise resolved. 
 8. Assignment. This Agreement may be assigned, without the
consent of the Executive, by the Company, or to any other person, partnership, corporation, or other entity which has purchased substantially all business or the assets of the Company. 

9. Amendment. It is agreed that no change or modification of this Agreement shall be made except in a writing signed by
both parties. 
 10. Severability. In the event that any one or more of the provisions of this Agreement shall be
or become invalid, illegal, or unenforceable in any respect, the validity, legality, and enforceability of the remaining provisions shall not be affected thereby. 
 11. Drafting Party. The parties hereto agree that this Agreement is the product of negotiation between sophisticated parties and individuals, all of whom were represented by counsel, and
each of whom had an opportunity to participate in and did participate in the drafting of each provision hereof. No implication shall be drawn and no provision of this Agreement shall be construed against either party by virtue of the purported
identity of the drafter of this Agreement or any portion thereof. 

  
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 12. Successors and Assigns. This Agreement shall inure to the benefit of and
be binding upon the heirs, legatees, administrators, successors, and assigns of the respective parties. 
 13. Entire
Agreement. This Agreement, including the Employment Agreement executed simultaneously herewith, contains the entire understanding of the parties with respect to the terms herein and supersedes all prior agreements, arrangements and
understandings between the Company and the Executive, whether oral or written, with respect to the matters specified herein. 

14. Language. This Agreement is prepared and executed in the English and Chinese languages. In the event of any discrepancy
between the two versions, the English language version shall prevail. 
 IN WITNESS WHEREOF, the Company has caused this
Agreement to be executed by its duly authorized officer and Executive has hereunto set his hand as of the day and year first above written. 
  

			
	CHINA ZENIX AUTO INTERNATIONAL LIMITED
		
	By:	 	  

		 	Name:
		 	Title:
	
	EXECUTIVE:
		
	By:	 	  

  
 12Letter Agreement for Grant of Restricted Shares, dated December 17, 2010

 Exhibit 10.4 
 Letter Agreement for Grant of Restricted Shares 
 NEWRACE LIMITED

 December 17, 2010 
  

	To:	Mr. Yifan Li 

 688 South
Xizang Road 
 Apartment 4-2903 
 Shanghai 200011 
 People’s Republic of China 

 

	Re:	Grant of Restricted Shares from Newrace Limited to Mr. Yifan Li 

 Dear Mr. Yifan Li: 
 In consideration for you serving as the chief financial
officer of China Zenix Auto International Limited, a company incorporated in the British Virgin Islands (the “Company”), the undersigned on behalf of Newrace Limited, a company incorporated in the British Virgin Islands (the
“Grantor”), is pleased to grant you an award of certain ordinary shares of the Company based on, and subject to, the following terms and conditions (the “Award”). 

1. Grant of Restricted Shares. The Grantor hereby grants to you as the Grantee (the “Grantee”) named in
the Schedule of Restricted Share Grant attached hereto as Schedule 1, the total number of ordinary shares of the Company set forth in Schedule 1 (the “Shares”), based on the vesting provisions and schedule set
forth in Schedule 1 (the “Vesting Schedule”) and subject to the other terms and provisions set forth in Schedule 1 and this letter agreement (this “Agreement”). Unless otherwise defined
herein, the terms defined in Schedule 1 shall have the same defined meanings in this Agreement. 
 2. Transfer
Restrictions. The Shares granted to the Grantee hereunder may not be sold, transferred by gift, pledged, hypothecated, or otherwise transferred or disposed of by the Grantee prior to the date when the Shares become vested pursuant to the Vesting
Schedule set forth in Schedule 1. Any attempt to transfer any Shares not yet vested under the Vesting Schedule (the “Restricted Shares”) in violation of this Section 2 will be null and void and will be
disregarded. 

  
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 3. Escrow of Shares. For purposes of facilitating the enforcement of the provisions
of this Agreement (including Schedule 1), the Grantee agrees, immediately upon receipt of the certificate(s) for the Restricted Shares, to deliver such certificate(s), together with an Assignment Separate from Certificate in the form attached
hereto as Exhibit A, executed in blank by the Grantee and the Grantee’s spouse (if any and required for transfer) with respect to each such stock certificate, to the Grantor, or his designee, to hold in escrow for so long as such
Restricted Shares have not vested pursuant to the Vesting Schedule set forth in Schedule 1, with the authority to take all such actions and to effectuate all such transfers and/or releases as may be necessary or appropriate to accomplish the
objectives of this Agreement in accordance with the terms hereof. The Grantee hereby acknowledges that the appointment of the Grantor (or his designee) as the escrow holder hereunder with the stated authorities is a material inducement to the
Grantor to make this Agreement and that such appointment is coupled with an interest and is accordingly irrevocable. The Grantee agrees that the Restricted Shares may be held electronically in a book entry system maintained by the Company’s
transfer agent or other third-party and that all the terms and conditions of this Section 3 applicable to certificated Restricted Shares will apply with the same force and effect to such electronic method for holding the Restricted Shares. The
Grantee agrees that such escrow holder shall not be liable to any party hereto (or to any other party) for any actions or omissions unless such escrow holder is grossly negligent relative thereto. The escrow holder may rely upon any letter, notice
or other document executed by any signature purported to be genuine and may resign at any time. Upon the vesting of all Restricted Shares, the escrow holder will, without further order or instruction, transmit to the Grantee the certificate
evidencing such Shares, subject, however, to satisfaction of any withholding obligations provided in Section 5. 
 4.
Distributions. The Grantor shall be entitled to receive and retain all dividends (whether in cash, securities or other property) with respect to the Restricted Shares, and the Grantee shall be entitled to receive and retain all dividends
(whether in cash, securities or other property) with respect to the vested Shares, less any applicable withholding obligations. 

5. Taxes. 
 (a) Tax Liability. The Grantee is ultimately liable and responsible for all taxes owed by the Grantee in connection with the Shares, regardless of any action the Grantor or the Company takes with
respect to any tax withholding obligations that arise in connection with the Shares. None of the Grantor, the Company nor any of their officers, directors, agents or affiliates makes any representation or undertaking regarding the treatment of any
tax withholding in connection with the grant or vesting of the Shares or the subsequent sale of Shares. 
 (c) Payment of
Withholding Taxes. Prior to any event in connection with the Shares (e.g., vesting) that the Grantor determines may result in any tax withholding obligation, whether United States federal, state, local or non-U.S., including any employment tax
obligation (the “Tax Withholding Obligation”), the Grantee must arrange for the satisfaction of the minimum amount of such Tax Withholding Obligation in a manner acceptable to the Grantor. 

(i) By Share Withholding. The Grantee authorizes the Grantor to, upon the exercise of its sole discretion, withhold from those
Shares issuable to the Grantee the whole number of Shares sufficient to satisfy the minimum applicable Tax Withholding Obligation. The Grantee acknowledges that the withheld Shares may not be sufficient to satisfy the minimum Tax Withholding
Obligation of the Grantee. Accordingly, the Grantee agrees to pay to the Grantor as soon as practicable any amount of the Tax Withholding Obligation that is not satisfied by the withholding of Shares described above. 

  
 2 

 (ii) By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding
Obligation by some other means in accordance with clause (iii) below, the Grantee’s acceptance of this Award constitutes the instruction and authorization of the Grantee to the Grantor and any brokerage firm determined acceptable to the
Grantor for such purpose to sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Grantor determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax
Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s fees and other costs of sale, and
the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the minimum Tax Withholding Obligation of the Grantee, the Grantor
agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Grantor or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to
satisfy the applicable minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Grantor as soon as practicable any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

 (iii) By Check, Wire Transfer or Other Means. At any time not less than five (5) business days (or such fewer
number of business days as approved by the Grantor) before any Tax Withholding Obligation arises (e.g., a vesting date), the Grantee may elect to satisfy its Tax Withholding Obligation by delivering to the Grantor an amount that the Grantor
determines is sufficient to satisfy the Tax Withholding Obligation by (x) wire transfer to such account as the Grantor may direct, (y) delivery of a certified check payable to the Grantor, or (z) such other means as specified from
time to time by the Grantor. 
 6. Stop Transfer Notices. In order to ensure compliance with the restrictions on transfer
set forth in this Agreement (including Schedule 1), the Company may issue appropriate “stop transfer” instructions to its transfer agent. 
 7. Refusal to Transfer. The Grantee acknowledges that the Company shall not be required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any
of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred. 

8. Restrictive Legends. The Grantee understands and agrees that the Company shall cause the legends set forth below or legends
substantially equivalent thereto, to be placed upon any certificate(s) evidencing ownership of the Shares together with any other legends that may be required by the Company or by state or federal securities laws: 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) AND MAY NOT BE OFFERED,
SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR, IN THE OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE
THEREWITH. 

  
 3 

 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER
AS SET FORTH IN THE LETTER AGREEMENT FOR GRANT OF RESTRICTED SHARES BETWEEN THE NEWRACE LIMITED AND THE ORIGINAL HOLDER OF THESE SHARES [AND IN OTHER AGREEMENTS]. SUCH TRANSFER RESTRICTIONS ARE BINDING ON TRANSFEREES OF THESE SHARES. 

9. Lock-Up Agreement. 
 (a) Agreement. The Grantee hereby irrevocably agrees not to sell, contract to sell, grant any option to purchase, transfer the economic risk of ownership in, make any short sale of, pledge or
otherwise transfer or dispose of any interest in the Shares or any other ordinary shares of the Company (collectively, “Ordinary Shares”) or any securities convertible into or exchangeable or exercisable for or any other
rights to purchase or acquire Ordinary Shares (except Ordinary Shares included in such public offering or acquired on the public market after such offering) during the 200-day period following the effective date of a registration statement of the
Company filed under the United States Securities Act of 1933, as amended (the “Securities Act”). The Grantee further agrees to sign such further documents as may be requested by the lead underwriter of any public offering of
the Ordinary Shares (the “Lead Underwriter”) to effect the foregoing and agrees that the Company may impose stop-transfer instructions with respect to such Ordinary Shares subject until the end of such period. The Company and
the Grantee acknowledge that each Lead Underwriter of a public offering of the Company’s shares, during the period of such offering and for the lock-up period thereafter, is an intended beneficiary of this Section 9. 

(b) No Amendment Without Consent of Underwriter. During the period from identification as a Lead Underwriter in connection with
any public offering of the Company’s Ordinary Shares until the earlier of (i) the expiration of the lock-up period specified in Section 9(a) in connection with such offering or (ii) the abandonment of such offering by the Company
and the Lead Underwriter, the provisions of this Section 9 may not be amended or waived except with the consent of the Lead Underwriter. 
 10. Grantee’s Representations. In connection with the Shares, the Grantee represents to the Grantor the following: 
 (a) The Grantee is aware of the Company’s business affairs and financial condition and has acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire
the Shares. The Grantee is acquiring these Shares for investment for the Grantee’s own account only and not with a view to, or for resale in connection with, any “distribution” thereof within the meaning of the Securities Act.

  
 4 

 (b) The Grantee acknowledges and understands that the Shares constitute “restricted
securities” under the Securities Act and have not been registered under the Securities Act in reliance upon a specific exemption therefrom, which exemption depends upon among other things, the bona fide nature of the Grantee’s investment
intent as expressed herein. In this connection, the Grantee understands that, in the view of the Securities and Exchange Commission, the statutory basis for such exemption may be unavailable if the Grantee’s representation was predicated solely
upon a present intention to hold these Shares for the minimum capital gains period specified under tax statutes, for a deferred sale, for or until an increase or decrease in the market price of the Shares, or for a period of one year or any other
fixed period in the future. The Grantee further understands that the Shares must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available. The Grantee further
acknowledges and understands that neither the Grantor nor the Company is under any obligation to register the Shares. The Grantee understands that the certificate evidencing the Shares will be imprinted with a legend which prohibits the transfer of
the Shares unless they are registered or such registration is not required in the opinion of counsel satisfactory to the Company. The Grantee is an “accredited investor” within the meaning of Securities and Exchange Commission Rule 501 of
Regulation D, as presently in effect. 
 (c) THE GRANTEE ACKNOWLEDGES AND AGREES THAT THE SHARES SHALL VEST, IF AT ALL, ONLY
DURING THE PERIOD OF THE GRANTEE’S CONTINUOUS SERVICE AS SET FORTH IN THE VESTING SCHEDULE ON SCHEDULE 1 (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OR ACQUIRING SHARES HEREUNDER). THE GRANTEE FURTHER ACKNOWLEDGES AND
AGREES THAT NOTHING IN THIS AGREEMENT (INCLUDING SCHEDULE 1) SHALL CONFER UPON THE GRANTEE ANY RIGHT WITH RESPECT TO FUTURE GRANTS OR AWARDS OR CONTINUATION OF THE GRANTEE’S CONTINUOUS SERVICE, NOR SHALL IT INTERFERE IN ANY WAY WITH THE
GRANTEE’S RIGHT OR THE RIGHT OF THE COMPANY OR RELATED ENTITY TO WHICH THE GRANTEE PROVIDES SERVICES TO TERMINATE THE GRANTEE’S CONTINUOUS SERVICE AT ANY TIME, WITH OR WITHOUT CAUSE, AND WITH OR WITHOUT NOTICE. THE GRANTEE ACKNOWLEDGES
THAT UNLESS THE GRANTEE HAS A WRITTEN EMPLOYMENT AGREEMENT WITH THE COMPANY TO THE CONTRARY, THE GRANTEE’S STATUS IS AT WILL. 
 (e) The Grantee has reviewed this Agreement (including Schedule 1) in its entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement (including Schedule
1) and fully understands all provisions of this Agreement (including Schedule 1). 
 (f) The Grantee further
acknowledges and agrees that this Award is being granted in full satisfaction of the Grantor’s obligation to issue the Grantee restricted shares or other awards under any offer letter or employment agreement prior to the Date of Award, and the
Grantee shall have no rights with respect to any additional restricted shares or awards from the Grantor under the terms of such offer letter or employment agreement. In the event the Grantee has previously received any documentation with respect to
this or any other restricted shares or award, the Grantee acknowledges and agrees that such documentation and option are of no further force and effect and are superseded in their entirety by this Agreement (including Schedule 1). 

  
 5 

 11. Entire Agreement: Governing Law. This Agreement (including Schedule 1)
constitutes the entire agreement of the parties hereof with respect to the subject matter hereof and supersedes in their entirety all prior undertakings and agreements of the Grantor and the Grantee with respect to the subject matter hereof, and may
not be modified adversely to the interest of the Grantee except by means of a writing signed by the Grantor and the Grantee. Nothing in this Agreement (including Schedule 1) is intended to confer any rights or remedies on any persons other
than the parties, except as expressly provided herein. This Agreement (including Schedule 1) is to be construed in accordance with and governed by the internal laws of the State of New York, U.S.A. without giving effect to any choice of law
rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of New York, U.S.A. to the rights and duties of the Parties. Should any provision of this Agreement (including Schedule 1) be
determined to be illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law and the other provisions shall nevertheless remain effective and shall remain enforceable. 

12. Construction. The captions used in this Agreement (including Schedule 1) are inserted for convenience and shall not be
deemed a part of the Agreement for construction or interpretation. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term “or” is not intended to be
exclusive, unless the context clearly requires otherwise. 
 13. Arbitration. The Grantor and the Grantee agree that any
suit, action, or proceeding arising out of or relating to this Agreement (including Schedule 1) shall be referred to and determined by arbitration at the Hong Kong International Arbitration Centre and in accordance with its Domestic
Arbitration Rules. The arbitration proceedings shall be conducted in the Mandarin Chinese language. The parties shall have the right to conduct discovery which provides them with access to documents and witnesses that are essential to the dispute,
as determined by the arbitrator. The parties agree that the arbitrator shall have no authority to vary the terms of this Agreement (including Schedule 1) or to award any punitive, consequential, incidental, indirect or special damages,
interest, fees or expenses. The arbitrator’s written award shall include the essential findings and conclusions upon which the award is based. The decision of the arbitrator shall be final and may be enforced in any court of competent
jurisdiction. In no event shall a demand for arbitration be made after the date when the applicable statute of limitations would bar the institution of a legal or equitable proceeding based on such claim, dispute or other matter in question. The
parties shall bear their own attorneys’ fees and other costs arising under this Section 13 except as otherwise required by law. If any one or more provisions of this Section 13 shall for any reason be held invalid or unenforceable, it
is the specific intent of the parties that such provisions shall be modified to the minimum extent necessary to make it or its application valid and enforceable. 
 14. Notices. Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery, upon deposit for delivery by an internationally
recognized express mail courier service or upon deposit in the United States mail by certified mail (if the parties are within the United States), with postage and fees prepaid, addressed to the other party at its address as shown in these
instruments, or to such other address as such party may designate in writing from time to time to the other party. 

  
 6 

 15. Confidentiality. The Grantee shall keep the terms of this Agreement and the
Notice strictly confidential and may not discuss such terms with anyone except as authorized by the Grantor. If the Grantee breaches the confidentiality obligations under this Section 15, the Grantor shall have the right to revoke the grant of
Shares. 
 (remainder of this page is intentionally blank) 

  
 7 

 If you accept and agree with these terms and conditions for the Award to you, please
countersign and return a copy of this Agreement. 
  

	
	Sincerely,
	
	NEWRACE LIMITED
	
	 /s/ Junqiu Gao

	 Junqiu Gao

Director

	
	P.O. Box 957
	Offshore Incorporations Centre
	Road Town, Tortola
	British Virgin Islands

  

	
	Accepted and agreed:
	
	 /s/ Yifan Li

	Yifan Li
	
	688 South Xizang Road
	Apartment 4-2903
	Shanghai 200011
	People’s Republic of China

  
 B-1

 SCHEDULE 1 

RESTRICTED SHARES GRANTED 
 Grant of Restricted Shares: 
  

			
	Grantor’s Name:	  	Newrace Limited, a British Virgin Islands company
		
	Grantee’s Name and Address:	  	Mr. Yifan Li
		  	688 South Xizang Road
		  	Apartment 4-2903
		  	Shanghai 200011
		  	People’s Republic of China

 Newrace
Limited (the “Grantor”) has granted to you (the “Grantee”) certain of the ordinary shares its beneficially owns in China Zenix Auto International Limited (the “Company”),
subject to the terms and conditions of this Schedule and the letter agreement between you and the Grantor (the “Agreement”), as follows. Unless otherwise defined herein, the terms defined in the Agreement shall have the same
defined meanings in this Schedule. This Schedule is an integral part of the Agreement. 
  

			
	Date of Grant:	  	December 17, 2010
		
	Total Number of Ordinary	  	
	Shares Awarded (the “Shares”):	  	The number of shares will be equivalent to 0.25%
		  	of the outstanding shares of the Company on the
		  	Registration Date
		
	Purchase Price Payable per Share:	  	$0.00
		
	Aggregate Purchase Price Payable for the Shares:	  	$0.00

 Vesting Schedule: 

Subject to the Grantee’s Continuous Service and other limitations set forth in this Schedule and the Agreement, the Shares will vest
in accordance with the following schedule: 
  

	 	•	 	 35% of the Shares shall vest on the Registration Date; 

 

	 	•	 	 25% of the Shares shall vest on December 31, 2011, unless the Registration Date has not occurred by such date in which case such 25% shall vest on
the date that is one year after the Registration Date; 

  

	 	•	 	 20% of the Shares shall vest on December 31, 2012, unless the Registration Date has not occurred by such date in which case such 20% shall vest on
the date that is two years after the Registration Date; and 

  
 B-2

	 	•	 	 20% of the Shares shall vest on December 31, 2013, unless the Registration Date has not occurred by such date in which case such 20% shall vest on
the date that is three years after the Registration Date. 

 For purposes of this Schedule and the Agreement,
the term “vest” shall mean, with respect to any Shares, that such Shares are no longer subject to forfeiture to the Grantor. Shares that have not vested are deemed “Restricted Shares”. If the Grantee would become
vested in a fraction of a Restricted Share, such Restricted Share shall not vest until the Grantee becomes vested in the entire Share. 
 Vesting shall cease upon the date of termination of the Grantee’s Continuous Service for any reason, except death or Disability after one year employment with the Company. In the event the
Grantee’s Continuous Service is terminated for any reason, except death or Disability after one year employment with the Company, any Restricted Shares held by the Grantee immediately following such termination of Continuous Service shall be
deemed reconveyed to the Grantor, and the Grantor shall thereafter be the legal and beneficial owner of the Restricted Shares and shall have all rights and interest in or related thereto without further action by the Grantee. In the case of death or
Disability after one year employment with the Company, restricted Shares held by the Grantee become fully vested. 
 Definitions:

 “Consultant” means any person (other than an Employee or a Director, solely with respect to rendering
services in such person’s capacity as a Director) who is engaged by the Company or any parent or subsidiary to render consulting or advisory services to the Company or such parent or subsidiary. 

“Continuous Service” means that the provision of services to the Company or a parent or subsidiary of the Company
in any capacity of Employee, Director or Consultant is not interrupted or terminated. In jurisdictions requiring notice in advance of an effective termination as an Employee, Director or Consultant, Continuous Service shall be deemed terminated upon
the actual cessation of providing services to the Company or a parent or subsidiary notwithstanding any required notice period that must be fulfilled before a termination as an Employee, Director or Consultant can be effective under any applicable
laws. The Grantee’s Continuous Service shall be deemed to have terminated either upon an actual termination of Continuous Service or upon the entity for which the Grantee provides services ceasing to be a parent or subsidiary of the Company.
Continuous Service shall not be considered interrupted in the case of (i) any approved leave of absence, (ii) transfers among the Company, any parent or subsidiary, or any successor, in any capacity of Employee, Director or Consultant, or
(iii) any change in status as long as the individual remains in the service of the Company or any parent or subsidiary in any capacity of Employee, Director or Consultant (except as otherwise provided herein). An approved leave of absence shall
include sick leave, military leave, or any other authorized personal leave. During any authorized leave of absence, the vesting of the Shares as provided in this schedule shall be suspended after the leave of absence exceeds a period of ninety
(90) days. Vesting of the Shares shall resume upon the Grantee’s termination of the leave of absence and return to service to the Company or any parent or subsidiary. The Vesting Schedule of the Shares shall be extended by the length of
the suspension. In the event of the Grantee’s change in status from employee, director or consultant to any other status of employee, director or consultant, the Shares shall continue to vest in accordance with the Vesting Schedule set forth
above. 

  
 B-3

 “Director” means a member of the board of directors of the Company.

 “Disability” means any physical or mental condition that would make Grantee no longer capable or
suitable to perform his duties to the Company as determined in the sole discretion of the Company. 

“Employee” means any person, including an Officer or Director, who is in the employ of the Company or any parent
or subsidiary, subject to the control and direction of the Company or any parent or subsidiary as to both the work to be performed and the manner and method of performance. 
 “Officer” means a person who is an officer of the Company or any parent or subsidiary within the meaning of Section 16 of the U.S. Securities Exchange Act and the rules and
regulations promulgated thereunder. 
 “Registration Date” means the closing of the first sale to the
general public pursuant to a registered underwritten offering and listing on an internationally recognized stock exchange, which may include a registration statement filed with and declared effective by the U.S. Securities and Exchange Commission
under the U.S. Securities Act of 1933, as amended, of the Ordinary Shares. 

  
 B-4

 EXHIBIT A 

SHARE ASSIGNMENT SEPARATE FROM CERTIFICATE 
 FOR VALUE RECEIVED,                      hereby sells, assigns and transfers unto
                    ,             
(            ) Ordinary Shares of China Zenix Auto International Limited, a company incorporated under the laws of the British Virgin Islands (the “Company”), standing
in his name on the books of, the Company represented by Certificate No.                           herewith, and
does hereby irrevocably constitute and appoint Newrace Limited as attorney to transfer the said shares in the books of the Company with full power of substitution. 
 DATED:                      

 

	
	  

 [Please sign this document but do not date it. The date and information of the transferee will be completed if and when the shares are assigned.] 

  
 B-5

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