WUHAN, Hubei, China, Xinhua-PRNewswire/ -- China Automotive Systems, Inc. , a leading power steering components and systems supplier in China, today announced Mr. Andy Tse has resigned his executive director position from the China Automotive Systems' Board effective May 22, 2007. Mr. Tse remains his role as Senior Vice President of the Company. With his resignation from the Board, China Automotive Systems now has more independent directors than inside directors and regained compliance with NASDAQ Marketplace Rule 4350(c).
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