China Automotive Systems (CAAS) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for September 24, 2024, with voting on director elections and auditor ratification.

• Shareholders of record as of August 5, 2024, are eligible to vote; quorum requires a majority of outstanding shares.

• Proxy materials and annual report are available online; voting can be done electronically, by mail, or in person.

Voting matters and shareholder proposals

• Shareholders will elect five directors for one-year terms and ratify PricewaterhouseCoopers Zhong Tian LLP as independent auditors for 2024.

• Board recommends voting in favor of all nominees and auditor ratification.

• Shareholder proposals for the 2025 meeting must be submitted by May 28, 2025.

Board of directors and corporate governance

• Board consists of five members, with three deemed independent under Nasdaq rules.

• Robert Wei Cheng Tung nominated as a new independent director; Heng Henry Lu will not stand for reelection.

• Board committees (audit, compensation, nominating) are fully independent and met five times each in 2023.

• Chairman and CEO roles are separated; no lead independent director due to board size and independence.