Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 71

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 3
Chunk 71
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 through U. S. courts may be limited, because we are incorporated under the
law of the Cayman Islands, we conduct substantially all of our operations and a majority of our directors and executive officers reside
outside of the United States

We are incorporated under
the laws of the Cayman Islands. We conduct a majority of our operations and a majority of our directors and executive officers reside
outside of the United States. Our corporate affairs are governed by our Amended and Restated Memorandum and Articles of Association,
the Companies Act and the common law of the Cayman Islands. The rights of shareholders to take action against the directors, actions by
noncontrolling shareholders and the fiduciary responsibilities of our directors to our company under Cayman Islands law are to a large
extent governed by the common law of the Cayman Islands. The common law of the Cayman Islands is derived in part from comparatively limited
judicial precedent in the Cayman Islands as well as from English common law, which has persuasive, but not binding, authority on a court
in the Cayman Islands. The rights of our shareholders and the fiduciary responsibilities of our directors under Cayman Islands law are
not as clearly established as they would be under statutes or judicial precedent in some jurisdictions in the United States. In particular,
the Cayman Islands has a less developed body of securities laws than the United States and provides significantly less protection
to investors. In addition, some U. S. states, such as Delaware, have more fully developed and judicially interpreted bodies of corporate
law than the Cayman Islands.

There is no statutory recognition
in the Cayman Islands of judgments obtained in the United States, although a final and conclusive monetary judgment obtained in the
United States will be recognized and enforced in the courts of the Cayman Islands at common law, without any re-examination of
the merits of the underlying dispute, by an action commenced on the foreign judgment debt in the Grand Court of the Cayman Islands, provided
such judgment (a) was given by a foreign court of competent jurisdiction and the company either submitted to such jurisdiction or was
resident or carrying on business within such jurisdiction and was duly served with process; (b) was not in respect of penalties,
fines, taxes or similar fiscal or revenue obligations; (c) was not obtained fraudulently by the person in whose favor judgment was
given; and (d) was not obtained in a manner and is not of a kind the enforcement of which is contrary to natural