Company: FUFU
Filing Date: 2025-04-21
Form Type: F-3/A
Source: 0001213900-25-033745
Chunk: 16

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: F-3/A
Chunk 16
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 of Association and the Companies Act insofar
as they relate to the material terms of the Ordinary Shares.

Our Ordinary Shares are
divided into Class A Ordinary Shares and Class B Ordinary Shares. Holders of Class A Ordinary Shares and Class B Ordinary
Shares have the same rights except for voting and conversion rights. Each Class A Ordinary Share shall entitle the holder thereof
to one (1) vote on all matters subject to vote at the general meetings, and each Class B Ordinary Share shall entitle the holder
thereof to five (5) votes on all matters subject to vote at the general meetings. Our Ordinary Shares are issued in registered form
and are issued when registered in its register of members.

Conversion.Each
Class B Ordinary Share is convertible into one (1) Class A Ordinary Share at any time at the option of the holder thereof. Class A
Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Upon any sale, transfer, assignment or
disposition of Class B Ordinary Shares by a holder to any person or entity which is not an affiliate of such holder, or upon a change
of ultimate beneficial ownership of Class B Ordinary Shares to any person or entity which is not an affiliate of the holder, such
Class B Ordinary Shares shall be automatically and immediately converted into the same number of Class A Ordinary Shares.

Dividends.The
holders of Ordinary Shares are entitled to such dividends as may be declared by the board of directors of our Company or declared by our
Company’s shareholders by ordinary resolution (provided that no dividend may be declared by our Company’s shareholders which
exceeds the amount recommended by its directors). Our Amended and Restated Memorandum and Articles of Association provide that dividends
may be declared and paid out of our Company’s lawfully available funds. Under the laws of the Cayman Islands, our Company may pay
a dividend out of either profits or share premium account, provided that in no circumstances may a dividend be paid if this would result
in our Company being unable to pay its debts as they fall due in the ordinary course of business.

Voting rights.Voting
at any meeting of shareholders is by show of hands unless a poll (before or on the declaration of the result of the show of hands) is
demanded. A poll may be demanded by the chairperson of such meeting or any one shareholder present in person or by proxy. With respect
to all matters subject to a shareholders’ vote, each Class A Ordinary Share is entitled to one (