Company: SOS
Filing Date: 2025-07-31
Form Type: 424B5
Source: 0001213900-25-069766
Chunk: 2

Company: SOS Ltd
Filing Date: 2025-07-31
Form: 424B5
Chunk 2
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 If future implementing rules of the new Cybersecurity Review Measures and the enacted
version of the Draft Regulations mandate clearance of cybersecurity review and other specific actions to be taken by issuers like us,
we face uncertainties as to whether these additional procedures can be completed by us timely, or at all, which may subject us to government
enforcement actions and investigations, fines, penalties, or suspension of our non-compliant operations, and materially and adversely
affect our business and results of operations and the price of our ADSs. For additional details, see “Item 3. Key Information—Risk
Factors—Risks Related to Doing Business in China.” in our 2024 Annual Report.

In
addition, On December 24, 2021, the China Securities Regulatory Commission, or the CSRC issued Provisions of the State Council on the
Administration of Overseas Securities Offering and Listing by Domestic Companies (Draft for Comments) (the “Administration Provisions”),
and the Administration Measures for the Filing of Overseas Securities Offering and Listing by Domestic Companies (Draft for Comments)
(the “Measures”), which were opened for public comments until January 23, 2022. On February 17, 2023, the CSRC promulgated
the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies (the “Trial Measures”),
which will take effect on March 31, 2023.

Furthermore,
the PRC regulators have promulgated new anti-monopoly and competition laws and regulations and strengthened the enforcement under these
laws and regulations. There remain uncertainties as to how the laws, regulations and guidelines recently promulgated will be implemented
and whether these laws, regulations and guidelines will have a material impact on our business, financial condition, results of operations
and prospects. We cannot assure you that our business operations comply with such regulations and authorities’ requirements in all
respects. If any non-compliance is raised by relevant authorities and determined against us, we may be subject to fines and other penalties.

Risks
and uncertainties arising from the legal system in China, including the above-mentioned risks and uncertainties regarding the enforcement
of laws and quickly evolving rules and regulations in China, could result in a material adverse change in our operations and the value
of our ADSs. For more details, see “Item 3. Key Information—D. Risk Factors—Risks Related to Doing Business in China.”
in our 2024 Annual Report.

Our
ADSs may be prohibited from