M&A - CHINA AUTOMOTIVE SYSTEMS INC

Form Type: 8-K

Filing Date: 2025-06-26

Corporate Action: Merger

Type: New

Accession Number: 000110465925062785

Filing Summary: On June 26, 2025, China Automotive Systems, Inc. announced the entry into a definitive agreement and plan of merger with China Automotive Systems Holdings, Inc., a wholly-owned subsidiary incorporated under the laws of the Cayman Islands. This merger, referred to as the Redomicile Merger, will result in China Automotive Systems, Inc. merging into CAAS Cayman, which will survive and then change its name to China Automotive Systems Inc. Following the merger, current shareholders will have their common stocks exchanged for ordinary shares of CAAS Cayman. Existing equity plans and benefit obligations will transfer to CAAS Cayman, ensuring continuity of management. The agreement requires shareholder approval and regulatory consent, with the merger expected to occur in Q3 2025, pending these conditions. The Boards of Directors of both companies have approved the merger, which is deemed to be in the best interest of shareholders, allowing for potential termination before the effective time.