Company: BLRX
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001178913-25-001123
Chunk: 272

Company: BioLineRx Ltd.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 8
Chunk 272
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 will continue to be treated as a PFIC for all succeeding years during which the Non-Electing
U. S. Investor is treated as a direct or indirect Non-Electing U. S. Investor even if we are not a PFIC for such years. A U. S. Investor
is encouraged to consult its tax advisor with respect to any available elections that may be applicable in such a situation, including
the “deemed sale” election of Section 1298(b)(1) of the Code. In addition, U. S. Investors should consult their tax advisors
regarding the IRS information reporting and filing obligations that may arise as a result of the ownership of shares in a PFIC, including
IRS Form 8621.

We may invest in the equity of foreign corporations that are PFICs
or may own subsidiaries that own PFICs. U. S. Investors will be subject to the PFIC rules with respect to their indirect ownership interests
in such PFICs, such that a disposition of the shares of the PFIC or receipt by us of a distribution from the PFIC generally will be treated
as a deemed disposition of such shares or the deemed receipt of such distribution by the U. S. Investor, subject to taxation under the
PFIC rules. There can be no assurance that a U. S. Investor will be able to make a QEF election or a mark-to-market election with respect
to PFICs in which we invest. Each U. S. Investor is encouraged to consult its own tax advisor with respect to tax consequences of an investment
by us in a corporation that is a PFIC.

101

The U. S. federal income tax rules relating to PFICs are complex.
U. S. Investors are urged to consult their own tax advisors with respect to the purchase, ownership and disposition of ordinary shares
or ADSs, any elections available with respect to such ordinary shares or ADSs and the IRS information reporting obligations with respect
to the purchase, ownership and disposition of ordinary shares or ADSs.

Certain Reporting Requirements

Certain U. S. Investors may be required to file IRS Form 926, Return
by U. S. Transferor of Property to a Foreign Corporation and IRS Form 5471, Information Return of U. S. Persons With Respect to Certain
Foreign Corporations, reporting transfers of cash or other property to us and information relating to the U. S. Investor and us. Substantial
penalties may be imposed upon a U