China Automotive Systems Announces Annual Meeting on September 24, 2024

Rhea-AI Summary

China Automotive Systems (CAAS), a leading power steering components supplier in China, has announced its Annual Meeting of Stockholders for September 24, 2024. The meeting will be held at 9:00 AM local time in Wuhan, China, corresponding to 9:00 PM EDT on September 23, 2024. CAAS has also set up a conference room in Troy, Michigan, for shareholders to participate via WebEx.

Shareholders can access the meeting by dialing 1-408-792-6300 (U.S./Canada) with pin number 2633 219 5333. A live webcast will be available through a provided link. This announcement ensures shareholders have multiple options to participate in the annual meeting, demonstrating CAAS's commitment to shareholder engagement and transparency.

Positive

• CAAS is facilitating shareholder participation by offering both in-person and virtual attendance options
• The company is providing international access to the annual meeting, accommodating shareholders in different time zones

Negative

• None.

News Market Reaction

+0.57%

1 alert

+0.57% News Effect

On the day this news was published, CAAS gained 0.57%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CAAS announces the conference call and webcast information for the Annual Meeting of Stockholders to be held on Tuesday, September 24, 2024 at 9:00 AM local time, or 9:00 PM EDT on Monday, September 23, 2024

WUHAN, China, Sept. 16, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that the Annual Meeting of Stockholders of China Automotive Systems, Inc. will be held on Tuesday, September 24, 2024 at 9:00  am local time at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No. 1 Guanshan First Avenue, Wuhan City, Hubei Province, the People's Republic of China. The Company has also set up a conference room on Monday, September 23, 2024 at 9:00 PM at Henglong USA Corporation, 2546 Elliott Drive, Troy, Michigan, U.S., for the Company's shareholders to participate via a WebEx connection.

Shareholders may access the annual meeting by dialing U.S./Canada 1-408-792-6300, pin number 2633 219 5333 and ask for the China Automotive Systems AGM conference call.

A live webcast of the conference call will be available at:

https://caas-usa.webex.com/caas-usa/j.php?MTID=m43a4355899b76c40ac4f5cacb090eeb4

Meeting number (access code): 2633 219 5333

Meeting password: 5zuQxm3dMu6

About China Automotive Systems, Inc.

Based in Hubei Province, the People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through eight Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 8 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Stellantis N.V. and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com. 

Forward-Looking Statements

This press release contains statements that are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company's actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K as filed with the Securities and Exchange Commission on March 28, 2024, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

For further information, please contact:

Jie Li
Chief Financial Officer
China Automotive Systems, Inc.
jieli@chl.com.cn 

Kevin Theiss
Awaken Advisors
+1-212-510-8922
Kevin@awakenlab.com

View original content:https://www.prnewswire.com/news-releases/china-automotive-systems-announces-annual-meeting-on-september-24-2024-302248244.html

SOURCE China Automotive Systems, Inc.

FAQ

When is China Automotive Systems (CAAS) holding its 2024 Annual Meeting of Stockholders?

China Automotive Systems (CAAS) is holding its 2024 Annual Meeting of Stockholders on Tuesday, September 24, 2024, at 9:00 AM local time in Wuhan, China, which corresponds to 9:00 PM EDT on Monday, September 23, 2024.

How can shareholders participate in CAAS's 2024 Annual Meeting?

Shareholders can participate in CAAS's 2024 Annual Meeting in person in Wuhan, China, or virtually via WebEx. For virtual participation, shareholders can dial 1-408-792-6300 (U.S./Canada) with pin number 2633 219 5333 or access the live webcast through the provided link.

Where is the physical location of CAAS's 2024 Annual Meeting?

The physical location of CAAS's 2024 Annual Meeting is the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No. 1 Guanshan First Avenue, Wuhan City, Hubei Province, China.

Is there a U.S. location for CAAS shareholders to participate in the 2024 Annual Meeting?

Yes, CAAS has set up a conference room at Henglong USA , 2546 Elliott Drive, Troy, Michigan, U.S., for shareholders to participate via WebEx connection on Monday, September 23, 2024, at 9:00 PM EDT.