China Automotive Systems Receives Letter from NASDAQ

China Automotive Systems, Inc. CAAS today announced that, as expected, it received a notification letter from the NASDAQ Stock Market indicating that the Company was not in compliance with the continued listing requirements under NASDAQ Listing Rule 5250(c)(1), which requires the timely filing of SEC periodic reports.

The notification letter from NASDAQ has no immediate effect on the listing or trading of CAAS' shares on the NASDAQ Stock Market.