Company: SOS
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061032
Chunk: 23

Company: SOS Ltd
Filing Date: 2025-07-02
Form: S-8
Chunk 23
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 in earnings of WOFE                      |     |          |  (20,255 | ) |
| Equity in earnings of VIE                       |     |          |        - |   |
| Equity in earnings of VIE’s subsidiaries        |     |          |  (26,723 | ) |
| Share-based compensation                        |     |          |   17,540 |   |
| Foreign currency translation                    |     |          |   (3,047 | ) |
| Balance at December 31, 2024                    |     |          |  269,778 |   |

<div align='center'>9</div>

Recent Developments

March 2025 Private Placement

On March 19, 2025, the Company entered into certain
securities purchase agreement (the “SPA”) with certain ““non-U.S. Persons” (the “Purchasers”)
as defined in Regulation S of the Securities Act of 1933, as amended (the “Securities Act”) pursuant to which the Company
agreed to sell an aggregate of 222,337,500 units (the “Units”), each Unit consisting of one Class A Ordinary Share of the
Company, par value $0.005 per share (“Share”) and one warrant to purchase three Shares (“Warrant”) with an initial
exercise price of $0.0398 per Share, or approximately $5.97 per American depositary share of the Company (“ADS”), at a price
of $0.034666 per Unit, or approximately $5.2 per ADS unit, for an aggregate purchase price of approximately $7.7 million (the “Offering”).
The Offering closed on April 9, 2025.

2024 Change in ADS Ratio

Effective November 19,
2024, the Company changed the ratio of its ADS to Class A ordinary shares from one (1) ADS representing ten (10) Class A ordinary shares
to one (1) ADS representing one hundred and fifty (150) Class A ordinary shares (the “ADS Ratio Change”). For the Company’s
ADS holders, the ADS Ratio Change will have the same effect as a one-for-fifteen reverse share split.

Increase in Share Capital

The Company held its 2024 annual general meeting of shareholders on August 15, 2024, pursuant to which the Company approved the increase of the Company’s authorized share capital, from US$1,200,000 divided into 240,000,000 ordinary shares of par