Company: SOS
Filing Date: 2025-07-31
Form Type: 424B5
Source: 0001213900-25-069766
Chunk: 68

Company: SOS Ltd
Filing Date: 2025-07-31
Form: 424B5
Chunk 68
---
 withhold a 10% tax from dividends we pay to our shareholders that are non-resident enterprises, including the holders
of the ADSs. In addition, non-resident enterprise shareholders, including the ADS holders, may be subject to PRC tax at a rate of 10%
on gains realized on the sale or other disposition of ADSs or ordinary shares if such income is treated as sourced from within the PRC.
Furthermore, if we are deemed a PRC resident enterprise, dividends paid to our non-PRC individual shareholders, including the ADS holders,
and any gain realized on the transfer of ADSs or ordinary shares by such shareholders may be subject to PRC tax at a rate of 20% which
in the case of dividends may be withheld at source. Any such tax may reduce the returns on your investment in the ADSs.

<div align='center'>21</div>

Risks Related to Doing Business in China

Uncertainties with respect to the PRC legal system could have a material adverse on us and the VIEs.

The PRC legal system is a civil law system
based on written statutes. Unlike the common law system, prior court decisions in a civil law system may be cited as reference but have
limited precedential value. Since 1979, newly introduced PRC laws and regulations have significantly enhanced the protections of interest
relating to foreign investments in mainland China. However, since these laws and regulations are relatively new and the PRC legal system
continues to evolve rapidly, the interpretations of such laws and regulations may not always be consistent, and enforcement of these laws
and regulations involves significant uncertainties, any of which could limit the available legal protections.

In addition, the PRC administrative and judicial
authorities have significant discretion in interpreting, implementing or enforcing statutory rules and contractual terms, and it may be
more difficult to predict the outcome of administrative and judicial proceedings and the level of legal protection we and the VIEs may
enjoy in the PRC than under some more developed legal systems. Furthermore, the PRC legal system is based in part on government policies
and internal rules (some of which are not published in a timely manner or at all) that may have retroactive effect. These uncertainties
may affect our decisions on the policies and actions to be taken to comply with PRC laws and regulations, and may affect our and the VIEs’
ability to enforce our and their contractual or tort rights, respectively. In addition, the regulatory uncertainties may be exploited