Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 189

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 16G
Chunk 189
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ITEM
16G. CORPORATE GOVERNANCE

We are a “foreign private
issuer,” as defined in the Exchange Act. Nasdaq market rules permit a foreign private issuer like us to follow the corporate governance
practices of our home country, the Cayman Islands, in lieu of the corporate governance standards of Nasdaq applicable to U. S. domestic
companies. Certain corporate governance practices in the Cayman Islands may differ significantly from Nasdaq corporate governance listing
standards applicable to domestic U. S. companies.

For example, among other things,
we are not required to: (i) have a majority-independent board of directors; (ii) have a compensation committee consisting
of independent directors; (iii) have a nominating committee consisting of independent directors; (iv) have regularly scheduled
executive sessions with only independent directors each year; or (v) obtain shareholder approval prior to the issuance of additional circumstances
in accordance with Rule 5635 of the Nasdaq Stock Market Rules.

Currently, we plan to rely
on certain exemptions offered to foreign private issuers under Nasdaq Stock Market Rules, including not having a compensation committee
and a nominating committee consisting of independent directors, and the requirement to receive shareholder approval prior to the issuance
of additional shares in certain circumstances. We may also follow the home country practice for certain other corporate governance practices
in the future, which may differ from the requirements of the Nasdaq corporate governance listing standards.

As a foreign private issuer,
we are also subject to reduced disclosure requirements and are exempt from certain provisions of the U. S. securities rules and regulations
applicable to U. S. domestic issuers such as the rules regulating solicitation of proxies and certain insider reporting and short-swing
profit rules. We may utilize these exemptions for as long as we continue to qualify as a foreign private issuer.

As a result of the foregoing,
our shareholders may be afforded less protection than they otherwise would under the Nasdaq corporate governance listing standards applicable
to U. S. domestic issuers. Other than the home country practice described above, we are not aware of any significant differences between
our corporate governance practices and those followed by U. S. domestic companies under the Nasdaq corporate governance listing standards.

ITEM
16H. MINE SAFETY DISCLOSURE