Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 178

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 10
Chunk 178
---
 for Class A ordinary shares held
in accounts maintained by U. S. financial institutions), by attaching a complete IRS Form 8938, Statement of Specified Foreign Financial
Assets, with their tax return, for each year in which they hold Class A ordinary shares. In addition to these requirements, U. S. Holders
may be required to annually file FinCEN Report 114 (Report of Foreign Bank and Financial Accounts) with the U. S. Department of Treasury.
U. S. Holders who are required to report specified foreign financial assets on IRS Form 8938 and/or foreign bank and financial accounts
on FinCEN Report 114 and fail to do so may be subject to substantial penalties.

The discussion of reporting
obligations set forth above is not intended to constitute an exhaustive description of all reporting obligations that may apply to a U. S.
Holder. A failure to satisfy certain reporting obligations may result in an extension of the period during which the IRS can assess a
tax, and under certain circumstances, such an extension may apply to assessments of amounts unrelated to any unsatisfied reporting obligation.
Penalties for failure to comply with these reporting obligations are substantial. U. S. Holders should consult with their own tax advisors
regarding their reporting obligations relating to their ownership of Class A ordinary shares, including the requirement to file an IRS
Form 8938.

  Dividends and Paying Agents  

Not applicable.

  Statement by Experts  

Not applicable.

  Documents on Display  

We are subject to certain
of the informational filing requirements of the Exchange Act. Since we are a “foreign private issuer,” we are exempt from
the rules and regulations under the Exchange Act prescribing the furnishing and content of proxy statements, and our officers, directors
and principal shareholders are exempt from the reporting and “short-swing” profit recovery provisions contained in Section 16
of the Exchange Act, with respect to their purchase and sale of our shares. In addition, we are not required to file reports and financial
statements with the SEC as frequently or as promptly as U. S. companies whose securities are registered under the Exchange Act. However,
we are required to file with the SEC an annual report on Form 20-F containing financial statements audited by an independent accounting
firm. We may, but are not required, to furnish to the SEC, on Form 6-K, unaudited financial information after each of our first three
fiscal quarters. All information we file with the SEC can be