China Automotive Systems to redomicile to Cayman Islands via merger with wholly-owned sub

CHINA AUTOMOTIVE SYSTEMS INC/2

Each share of CAAS common stock will be converted into one CAAS Cayman ordinary share, maintaining same economic value.
Merger expected to close in Q3 2025, subject to stockholder approval, SEC Form F-4 effectiveness, and Nasdaq listing.
No appraisal rights; stockholder vote requires majority of outstanding shares to approve.
Post-merger, CAAS Cayman will continue business under same name, with same directors and officers.
Transaction structured as tax-free reorganization under Section 368(a) of the Internal Revenue Code.

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