Company: SOS
Filing Date: 2025-07-31
Form Type: 424B5
Source: 0001213900-25-069766
Chunk: 98

Company: SOS Ltd
Filing Date: 2025-07-31
Form: 424B5
Chunk 98
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 Islands company owes to the company a duty to act with skill and care. It was previously
considered that a director need not exhibit in the performance of his duties a greater degree of skill than may reasonably be expected
from a person of his knowledge and experience. However, English and Commonwealth courts have moved towards an objective standard with
regard to the required skill and care and these authorities are likely to be followed in the Cayman Islands.

Shareholder Action by Written Consent

Under the Delaware General Corporation Law, a
corporation may eliminate the right of shareholders to act by written consent by amendment to its certificate of incorporation. Cayman
Islands law and our memorandum and articles of association provide that our shareholders may approve corporate matters by way of (i) in
the case of ordinary resolutions, a written resolution signed by two-thirds of our shareholders entitled to receive notice of and to attend
and vote at general meetings of our company, or (ii) in the case of special resolutions, a unanimous written resolution signed by all
of our shareholders entitled to receive notice of and to attend and vote at general meetings of our company, without a meeting being held.

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Shareholder Proposals

Under the Delaware General Corporation Law, a
shareholder has the right to put any proposal before the annual meeting of shareholders; provided that it complies with the notice
provisions in the governing documents. A special meeting may be called by the board of directors or any other person authorized to do
so in the governing documents, but shareholders may be precluded from calling special meetings.

The Companies Act provides shareholders with only
limited rights to requisition a general meeting, and does not provide shareholders with any right to put any proposal before a general
meeting. However, these rights may be provided in a company’s articles of association. Our memorandum and articles of association
allow any one or more of our shareholders who together hold shares that carry in aggregate not less than two-thirds of the total number
of votes attaching to all issued and outstanding shares of our company entitled to vote at general meetings to requisition an extraordinary
general meeting of our shareholders, in which case our board is obliged to convene an extraordinary general meeting and to put the resolutions
so requisitioned to a vote at such meeting. Other than this right to requisition a shareholders’ meeting, our memorandum and articles
of association do not provide our shareholders with any other right to put proposals before annual general meetings or extraordinary general
meetings not