Company: SOS
Filing Date: 2025-07-31
Form Type: 424B5
Source: 0001213900-25-069766
Chunk: 71

Company: SOS Ltd
Filing Date: 2025-07-31
Form: 424B5
Chunk 71
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 our subsidiaries in mainland China or the VIEs, may limit or completely hinder our ability to offer or continue
to offer securities to investors, and/or may cause the value of such securities to significantly decline or be worthless. We or the VIEs
have not received any inquiry, notice, warning, or sanctions regarding our corporate structure, contractual arrangements, the VIEs’
operations and the offering that we may make under this prospectus from the CSRC, CAC or any other PRC government authorities.

The approval of and the filing with the CSRC or other PRC government authorities may be required in connection with an offshore offering under PRC law, and, if required, we cannot predict whether or for how long we will be able to obtain such approval or complete such filing.

The Regulations on Mergers and Acquisitions
of Domestic Companies by Foreign Investors (the “M&A Rules”), adopted by six PRC regulatory agencies in 2006 and amended
in 2009, include, among other things, provisions that purport to require that an offshore special purpose vehicle, formed for the purpose
of an overseas listing of securities through acquisitions of domestic enterprises in mainland China or assets and controlled by enterprises
or individuals in mainland China, to obtain the approval of the CSRC prior to the listing and trading of such special purpose vehicle’s
securities on an overseas stock exchange. On September 21, 2006, pursuant to the M&A Rules and other PRC laws, the CSRC published
on its official website relevant guidance regarding its approval of the listing and trading of special purpose vehicles’ securities
on overseas stock exchanges, including a list of application materials. However, substantial uncertainty remains regarding the scope and
applicability of the M&A Rules to offshore special purpose vehicles. We completed our initial public offering on November 23, 2018.
If the CSRC approval is required for any of the subsequent offshore offering or to maintain our offshore listing status on U.S. exchanges,
it is uncertain whether we can or how long it will take us to obtain the approval and, even if we obtain such CSRC approval, the approval
could be rescinded. Any failure to obtain or delay in obtaining the CSRC approval for any of our offshore offerings, or a rescission of
such approval if obtained, may subject us to sanctions imposed by the CSRC or other PRC regulatory authorities, which may materially and
adversely affect our business, financial condition, and results of operations.

On