Company: ABTS
Filing Date: 2025-09-11
Form Type: F-3/A
Source: 0001641172-25-027133
Chunk: 11

Company: Abits Group Inc
Filing Date: 2025-09-11
Form: F-3/A
Chunk 11
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 details of the loans with the State Administration of Foreign Exchange of the PRC (“SAFE”) in accordance with relevant PRC laws and regulations. If our subsidiary in mainland China receives loans, it is only allowed to use the loans for the purposes set forth in these laws and regulations. There have been no loans or such filings with SAFE on loans, or capital contributions, to Bitmatrix since our inception. We do not expect to provide fundings to Bitmatrix in the foreseeable future, which has sufficient cash reserve for its own expenses.

| iv |

Abit USA, the subsidiary that conducted substantial business operations in the prior three fiscal years, finances not only its own operating expenses in the United States but also settles the corporate expenses of the holding company, Abits, and the limited corporate expenses of Abit HK, both of which have no material operations of their own. These advances are treated as inter-company loans which are non-interest bearing and have no fixed terms of repayment.

Abit USA’s inter-company loans for the six months ended June 30, 2025 and each of the three years ended December 31, 2024 were as follows:

|                                 |     | 2025 | Six months ended 
          June 30 |     | 2024 | Year ended December 31 |     | 2023 |         |     | 2022 |          |
|:--------------------------------|:----|:-----|-----------------:|:----|:-----|-----------------------:|:----|:-----|--------:|:----|:-----|---------:|
| Amount due from Abits Group Inc |     |      |        1,836,140 |     |      |              1,241,125 |     |      | 590,188 |     |      | -550,933 |
| Amount due from Abit HK         |     |      |          985,013 |     |      |                880,841 |     |      | 283,058 |     |      |        — |

Please refer to the audited consolidated financial statements for the three fiscal years ended December 31, 2024 and related notes in the 2024 Annual Report and unaudited consolidated financial statements for the six months ended June 30, 2025 and related notes in the 2025 Interim Report incorporated by reference in this prospectus for more information. To the extent that we receive fundings from future capital raises, we expect to use cash proceeds from our securities offerings,