Company: SOS
Filing Date: 2025-07-31
Form Type: 424B5
Source: 0001213900-25-069766
Chunk: 3

Company: SOS Ltd
Filing Date: 2025-07-31
Form: 424B5
Chunk 3
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 trading on a national exchange or “over-the-counter” markets under the Holding Foreign Companies
Accountable Act (the “HFCA Act”) if the Public Company Accounting Oversight Board (the “PCAOB”) is unable to inspect
our auditors for three consecutive years beginning in 2021. Furthermore, on June 22, 2021, the U.S. Senate passed the Accelerating Holding
Foreign Companies Accountable Act (the “AHFCAA”), which, if signed into law, would amend the HFCA Act and require the SEC
to prohibit an issuer’s securities from trading on any U.S. stock exchanges if its auditor is not subject to the PCAOB inspections
for two consecutive years instead of three consecutive years. Pursuant to the HFCA Act, the PCAOB issued a Determination Report on December
16, 2021 which found that the PCAOB is unable to inspect or investigate completely registered public accounting firms headquartered in:
(1) mainland China of the People’s Republic of China because of a position taken by one or more authorities in mainland China; and
(2) Hong Kong, a Special Administrative Region and dependency of the PRC, because of a position taken by one or more authorities in Hong
Kong. In addition, the PCAOB’s report identified the specific registered public accounting firms which are subject to these determinations.
On December 29, 2022, a legislation entitled “Consolidated Appropriations Act, 2023” (the “Consolidated Appropriations
Act”), was signed into law by President Biden. The Consolidated Appropriations Act contained, among other things, an identical provision
to AHFCAA, which reduces the number of consecutive non-inspection years required for triggering the prohibitions under the HFCA Act from
three years to two. Our auditor, Audit Alliance LLP (“Audit Alliance”), the independent registered public accounting firm
that issues the audit report included in this prospectus, as an auditor of companies that are traded publicly in the United States and
a firm registered with the PCAOB, is subject to the PCAOB’s inspections to assess Audi Alliance’s compliance with applicable
professional standards. Audit Alliance is headquartered in Singapore and is not subject to the determinations announced by the PCAOB on
December 16, 2021 relating to the PCAOB’s inability to inspect or investigate completely registered public accounting firms headquartered
in mainland China of the PRC or Hong Kong because of a position taken by one or more authorities in the PRC or Hong