This excerpt taken from the CAAS 10-K filed Mar 31, 2006.
The Companys management controls approximately 92.4% of its outstanding common stock and may have conflicts of interest with its minority stockholders.
Members of the Companys management beneficially own approximately 92.4% of the outstanding shares of the Companys common stock. As a result, these majority stockholders have control over decisions to enter into any corporate transaction and have the ability to prevent any transaction that requires the approval of stockholders, which could result in the approval of transactions that might not maximize stockholders value. Additionally, these stockholders control the election of members of the Companys board, have the ability to appoint new members to the Companys management team and control the outcome of matters submitted to a vote of the holders of the Companys common stock. The interests of these majority stockholders may at times conflict with the interests of the Companys other stockholders.