Company: SOS
Filing Date: 2025-07-31
Form Type: 424B5
Source: 0001213900-25-069766
Chunk: 61

Company: SOS Ltd
Filing Date: 2025-07-31
Form: 424B5
Chunk 61
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 may unexpectedly suspend our and the VIEs’ scheduled offline events due to a variety
of reasons beyond our and the VIEs’ control. For example, two weeks prior to an auto show in April 2018 in Beijing National Stadium,
the local public security authority abruptly demanded that the VIEs suspend the auto show for one morning, even though the VIEs had already
obtained the required approvals. Under such circumstances, we and the VIEs usually negotiate with industry customers to reschedule the
auto show. In addition, the local police security authorities may prevent consumers from entering our and the VIEs’ auto shows and
impose administrative penalties on us and the VIEs if the visitor flow exceeds the prescribed limit. Such abrupt suspensions, re-scheduling
and restrictions might adversely affect the sales volumes of our industry customers, which in turn could discourage them from participating
in our and the VIEs’ future events and materially and adversely affect our business, results of operations, and financial condition.
As of the date of this prospectus, we and the VIEs have obtained requisite licenses in full compliance with applicable laws and regulations
for offline events held, and we and the VIEs have not received any inquiry or investigation from any PRC government authority regarding
non-compliance of the offline events.

Risks Related to Our Corporate Structure

If the PRC government finds that the agreements that establish the structure for operating some of the VIEs’ operations in mainland China do not comply with PRC regulations relating to the relevant industries, or if these regulations or the interpretation of existing regulations change in the future, we could be subject to severe penalties or be forced to relinquish our interests in those operations.

Foreign investment in the value-added telecommunications
services industry in mainland China is extensively regulated and subject to numerous restrictions. For example, foreign investors are
not allowed to own more than 50% of the equity interests in a value-added telecommunications service provider with certain exceptions
relating to e-commerce business, domestic multi-party communications services business, store-and-forward business and call center business
in accordance with the special management measures for the entry of foreign investment (as amended) (the “Negative List”),
and other applicable laws and regulations.

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We are a Cayman Islands company and our wholly-owned
subsidiaries in mainland China are currently considered foreign-invested enterprises. Accordingly, our subsidiaries in mainland China
are not eligible to provide certain value