Company: FUFU
Filing Date: 2025-11-07
Form Type: F-3
Source: 0001213900-25-107483
Chunk: 17

Company: Bitfufu Inc.
Filing Date: 2025-11-07
Form: F-3
Chunk 17
---
,000 Ordinary Shares,
consisting of 300,000,000 Class A Ordinary Shares of a par value of US$0.0001 each and 200,000,000 Class B Ordinary Shares
with a par value of US$0.0001 each. All Ordinary Shares issued and outstanding were fully paid and non-assessable.

Ordinary Shares

The following are summaries
of the material provisions of our Amended and Restated Memorandum and Articles 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