Company: SOS
Filing Date: 2025-06-25
Form Type: F-3/A
Source: 0001213900-25-057886
Chunk: 36

Company: SOS Ltd
Filing Date: 2025-06-25
Form: F-3/A
Chunk 36
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, and there can be no assurance that the PRC government will
ultimately take a view that is consistent with the opinion of our PRC counsel.

In particular, in March 2019, the National
People’s Congress (the “NPC”), passed the PRC Foreign Investment Law, which became effective as of January 1, 2020.
For the effect of the PRC Foreign Investment Law on us, see “—Risks Related to Our Corporate Structure—Uncertainties
exist with respect to the interpretation and implementation of the PRC Foreign Investment Law and how it may impact the viability of our
current corporate structure, corporate governance and business operations.”

If our ownership structure and contractual
arrangements are found to violate any PRC laws or regulations, or if we or the VIEs are found to be required but failed to obtain any
of the permits or approvals for our or the VIEs’ value-added telecommunications business, the relevant PRC regulatory authorities,
including the Ministry of Industry and Information Technology (the “MIIT”), would have broad discretion in imposing fines
or administrative penalties upon us and/or the VIEs for such violations, including:

| ● | revoking the business and operating licenses of ours and/or the VIEs’; |

| ● | discontinuing or restricting any related-party transactions between us and the VIEs; |

| ● | imposing fines and penalties, confiscating the income from us or the VIEs, or imposing additional requirements for our or the VIEs’ operations which we or the VIEs may not be able to comply with; |

| ● | requiring us to restructure our ownership structure or operations, including terminating the contractual arrangements and deregistering the equity pledges of the VIEs, which in turn would affect our ability to consolidate, derive economic interests from, or exercise significant influence over the consolidated affiliated entities; |

| ● | restricting or prohibiting our use of the proceeds of this offering to finance our or the VIEs’ business and operations in mainland China, particularly the expansion of our business through strategic acquisitions; or |

| ● | restricting the use of financing sources by us or the consolidated affiliated entities or otherwise restricting our or their ability to conduct business. |

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As of the date of this prospectus, similar
ownership structure and contractual arrangements have been used by many China-based companies listed overseas, including a number of value-added
telecommunications companies listed in the United States. To our knowledge