China Automotive Systems´ Board of Directors approved the special cash dividend after reviewing the Company´s recent financial performance, current financial condition, expected cash requirements for business expansion and future free cash-flow generation. NASDAQ listing of China Automotive Systems' shares began on August 24, 2004. China Automotive Systems' sales have also grown from $58.2 million in 2004 to $576.4 million in 2023, an approximate 875% increase. About China Automotive Systems, Inc.AdvertisementBased 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. For further information, please contact:AdvertisementJie LiChief Financial OfficerChina Automotive Systems, Inc.[email protected]AdvertisementKevin TheissAwaken Advisors+1-212-510-8922[email protected]Advertisement
