Company: SOS
Filing Date: 2025-03-14
Form Type: F-3
Source: 0001213900-25-024134
Chunk: 29

Company: SOS Ltd
Filing Date: 2025-03-14
Form: F-3
Chunk 29
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 |     |          | (277,443 | ) |
| Dividend distributed to shareholders            |     |          |          |   |
| Share-based compensation                        |     |          |   14,714 |   |
| Foreign currency translation                    |     |          |  (27,497 | ) |
| Balance at December 31, 2022                    |     |          |  235,767 |   |
| Issuance of Class A Ordinary Shares and warrant |     |          |   17,884 |   |
| Equity in earnings of WOFE                      |     |          |  (11,311 | ) |
| Equity in earnings of VIE                       |     |          |          |   |
| Equity in earnings of VIE’s subsidiaries        |     |          |   32,933 |   |
| Dividend distributed to shareholders            |     |          |          |   |
| Share-based compensation                        |     |          |    7,264 |   |
| Foreign currency translation                    |     |          |   (5,112 | ) |
| Balance at December 31, 2023                    |     |          |  277,425 |   |

<div align='center'>14</div>

Recent Developments

2024 Change in ADS Ratio

Effective November 19,
2024, the Company changed the ratio of its ADS to Class A ordinary shares from one (1) ADS representing ten (10) Class A ordinary shares
to one (1) ADS representing one hundred and fifty (150) Class A ordinary shares (the “ADS Ratio Change”). For the Company’s
ADS holders, the ADS Ratio Change will have the same effect as a one-for-fifteen reverse share split.

Increase in Share Capital

The Company held its 2024 annual general meeting of shareholders on August 15, 2024, pursuant to which the Company approved the increase of the Company’s authorized share capital, from US$1,200,000 divided into 240,000,000 ordinary shares of par value of US$0.005 each, comprising of 196,000,000 Class A Ordinary Shares of a par value of US$0.005 each (“Class A Ordinary Shares”) and 44,000,000 Class B Ordinary Shares of a par value of US$0.005 each (“Class B Ordinary Shares”), to US$50,000,000 divided into 10,000,000,000 ordinary shares of par value of