UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date
of
Report (Date of Earliest Event Reported): May 23, 2007
CHINA
AUTOMOTIVE SYSTEMS, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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000-33123
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33-0885775
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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No.
1 Henglong Road, Yu Qiao Development Zone
Shashi
District, Jing Zhou City
Hubei
Province
People’s
Republic of China
(Address
of principal executive offices (zip code))
(86)
716-832-9196
(Registrant's
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2 below):
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a - 12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
ITEM 5.02.
DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS, ELECTION OF DIRECTORS; APPOINTMENT
OF PRINCIPAL OFFICERS
On
May
22, 2007, Mr. Tse, Yiu Wong Andy resigned from his position as a Director of
the
Company but remains as a Senior Vice President.
As
previously reported, after the resignation of Mr. Guangxun Xu to become Nasdaq’s
chief representative in China, the Company was out of compliance with Nasdaq
Rule 4350(c)(1) because less than a majority of its Board (three out of six),
were not “independent,” as that term is defined in Nasdaq Rule 4200(a)(15). As a
result of the resignation of Mr. Tse, an employee director, from the Board,
the
Company has
regained compliance with Nasdaq Rule 4350(c)(1) because its board of
directors now comprises a majority of independent directors (three out of 5)
.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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CHINA
AUTOMOTIVE SYSTEMS, INC.
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Date:
May 23, 2007
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By:
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/s/ Hanlin
Chen
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Hanlin
Chen
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President
and Chief Executive Officer
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