Company: ABTS
Filing Date: 2025-12-02
Form Type: F-3/A
Source: 0001493152-25-025631
Chunk: 33

Company: Abits Group Inc
Filing Date: 2025-12-02
Form: F-3/A
Chunk 33
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 inter-company loans for the six months ended June 30, 2025 and each of the three years ended December 31, 2024 were as follows:

|                                 |     | 2025 | Six months ended 
          June 30 |     | 2024 | Year ended December 31 |     | 2023 |         |     | 2022 |          |
|:--------------------------------|:----|:-----|-----------------:|:----|:-----|-----------------------:|:----|:-----|--------:|:----|:-----|---------:|
| Amount due from Abits Group Inc |     |      |        1,836,140 |     |      |              1,241,125 |     |      | 590,188 |     |      | -550,933 |
| Amount due from Abit HK         |     |      |          985,013 |     |      |                880,841 |     |      | 283,058 |     |      |        - |

Please refer to the Company’s audited consolidated financial statements for the three years ended December 31, 2024, and unaudited consolidated financial statements for the interim period ended June 30, 2025 for more information. We plan to use cash proceeds from future capital raises, including any offerings through this prospectus, to settle the amounts due Abit USA from us and Abit HK.

In general, as a holding company, Abits may rely on dividends or payments from its subsidiaries to fund its cash and financing requirements, including funds necessary to pay dividends or other distributions to our shareholders and investors, to pay any debts we may incur, and to pay operating expenses.

Our U.S. subsidiaries may provide dividend or other distributions to us through our Hong Kong subsidiary. According to Companies Ordinance (Cap.622 of the Laws of Hong Kong), our Hong Kong subsidiary is permitted under Hong Kong law to provide funding to us through dividend distributions out of profits available for distribution. If our subsidiaries incur debt on their own behalf, the instruments governing the debt may restrict their ability to pay dividends or make other distributions to us. Our PRC subsidiary’s only function is to provide administrative support to us and other subsidiaries, and it does not generate revenue and is not expected to make any cash or other distributions.

As of the date of this prospectus, none of our subsidiaries has issued any dividends or distributions to us, and we have not made any dividends or distributions to our