Kevin Cease

Michael Fitter

- **China Automotive Systems (CAAS)**, through its subsidiary **Jingzhou Henglong**, has launched **active rear-wheel steering** technology for the upper mass-market new energy vehicle (NEV) segment in China.  **[2037400_20251021CN03012:0]** 
- This advanced steering system, previously reserved for luxury cars, is now being adopted by Chinese domestic NEVs priced around **RMB 200,000**.  **[2037400_20251021CN03012:0]** 
- The technology enhances **vehicle stability and handling precision** at speeds over **60 km/h** and **reduces turning radius** at speeds below **60 km/h**, utilizing **two independent motors** for precise rear-wheel control.  **[2037400_20251021CN03012:0]** 
- CAAS CEO, Mr. Qizhou Wu, highlighted that this system expands the company's **ADAS capabilities** in China's EV market, where **EVs comprise approximately 50% of new automobile sales**.  **[2037400_20251021CN03012:0]**

CAAS Introduces Rear-Wheel Active Steering Technology for Mass-Market EVs

- China Automotive Systems, Inc. (CAAS) stockholders approved a **Redomicile Merger** at a Special Meeting held on **September 10, 2025**.  **[1157762_0001410578-25-002101_tm2525926d1_8k.htm:1]** 
- The merger involves CAAS merging with its wholly-owned subsidiary, China Automotive Systems Holdings, Inc. (CAAS Cayman), with CAAS Cayman as the surviving company.  **[1157762_0001410578-25-002101_tm2525926d1_8k.htm:1]** 
- The Redomicile Merger was **completed on September 11, 2025**.  **[1157762_0001410578-25-002101_tm2525926d1_8k.htm:2]** 
- Each issued and outstanding share of CAAS common stock was converted into **one ordinary share of CAAS Cayman**, which will continue to be listed on NASDAQ under the symbol **"CAAS"**.  **[1157762_0001410578-25-002101_tm2525926d1_8k.htm:2]**

China Automotive Systems Completes Redomicile Merger

- **China Automotive Systems, Inc. (CAAS)** completed a redomiciliation merger on **September 11, 2025**, becoming a Cayman Islands company.  **[1157762_20250911CN71667:0]** 
- Pursuant to the merger, each outstanding share of the Company's common stock was converted into **one ordinary share of China Automotive Systems, Inc., a Cayman Islands company (CAAS Cayman)**.  **[1157762_20250911CN71667:0]** 
- The ordinary shares of CAAS Cayman will be listed on the NASDAQ Capital Market under the **trading symbol "CAAS"**, the same symbol used previously.  **[1157762_20250911CN71667:0]**

CHINA AUTOMOTIVE SYSTEMS INC/2 (CAAS)