Company: SOS
Filing Date: 2025-03-14
Form Type: F-3
Source: 0001213900-25-024134
Chunk: 60

Company: SOS Ltd
Filing Date: 2025-03-14
Form: F-3
Chunk 60
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declared a dividend and does not anticipate declaring a dividend in the foreseeable future. Should we decide in the future to pay dividends,
as a holding company, our ability to do so and meet other obligations depends upon the receipt of dividends or other payments from our
operating subsidiaries and other holdings and investments. In addition, our operating subsidiaries, from time to time, may be subject
to restrictions on their ability to make distributions to us, including as a result of restrictive covenants in loan agreements, restrictions
on the conversion of local currency into U.S. dollars or other hard currency and other regulatory restrictions.

General. All of our issued and outstanding
Ordinary Shares are fully paid and non-assessable. Our Ordinary Shares are issued in registered form, and are issued when registered in
our register of members. Our shareholders who are nonresidents of the Cayman Islands may freely hold and vote their shares. Under our
M&A, we may issue only non-negotiable shares and may not issue bearer or negotiable shares.

Dividends. The holders of our ordinary
shares are entitled to such dividends as may be declared by our board of directors. In addition, our shareholders may by ordinary resolution
declare a dividend, but no dividend may exceed the amount recommended by our directors. Under Cayman Islands law, dividends may be declared
and paid only out of funds legally available therefor, namely out of either profit or our share premium account, provided that a dividend
may not 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.

Classes of Ordinary Shares. Our ordinary
shares are divided into Class A ordinary shares and Class B ordinary shares. Except for conversion rights and voting rights, the Class
A ordinary shares and Class B ordinary shares carry equal rights and rank pari passu with one another, including but not limited
to the rights to dividends and other capital distributions.

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Each Class B Ordinary Share is convertible into
one Class A Ordinary Share at any time by the holder thereof. In addition, (i) each Class B ordinary shares shall automatically and immediately
be converted into one Class A Ordinary Share if at any time the total number of the issued and outstanding Class B ordinary shares in
aggregate is less than 5% of the total number of Class B ordinary shares of our company issued and outstanding immediately following the
Company’s initial public offering, and (ii) upon any sale, transfer,