Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 155

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 6
Chunk 155
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. Our board of directors may terminate, amend or modify
the plan, subject to limitations of applicable laws. However, no such action may adversely affect in any material way any award previously
granted without prior written consent of the participant.

The following table summarizes
the number of restricted shares that we granted to our directors and executive officers as of December 31, 2024.

  Name                                                          Date           
                                                                of Grant       
  Leo Lu                                                        —              
  Calla Zhao                                           (1)      November 2024  
  Celine Lu                                            (1)      November 2024  
  Huaiyu Liu                                                    —              
  Yeeli Hua Zheng                                               —              
  Joshua Kewei Cui                                              —              
  All directors and executive officers as a group      (1)      —              
 ───────────────────────────────────────────────────────────────────────────────

Note:

  Less than 1% of our total ordinary shares on an as-converted basis outstanding as of December 31, 2024.  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────

  (1)      All of the awarded restricted shares vested immediately as of December  

As
of December 31, 2024, there were 325,106 awarded restricted shares held by our employees and consultants other than our directors and
executive officers as a group which remained outstanding (i. e., granted but not vested).

  Board Practices  
 ───────────────────

Board of Directors

Our board of directors consists
of five directors as of the date of this Report. Three of these five directors are independent. A director is not required to hold any
shares in us by way of qualification. A director who is in any way, whether directly or indirectly, interested in a contract or proposed
contract with us is required to declare the nature of his or her interest at a meeting of our directors.

A general notice by any director
to the effect that he or she is a member, shareholder, director, partner, officer or employee of any specified company or firm and is
to be regarded as interested in any contract or transaction with that company or firm, shall be deemed a sufficient declaration of interest
for the purposes of voting on a resolution in respect to a contract or transaction in which he or she has an interest.

After such general notice,
special notice relating to any particular transaction shall not be required. A director may vote in respect of any contract or proposed
contract or arrangement notwithstanding that such director may