Company: SOS
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061032
Chunk: 28

Company: SOS Ltd
Filing Date: 2025-07-02
Form: S-8
Chunk 28
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 China-based issuers, may cause us to make material changes to the operations of our subsidiaries in mainland China or the VIEs, may limit or completely hinder our ability to offer or continue to offer securities to investors, and may cause the value of such securities to significantly decline or be worthless.

The ability of our subsidiaries and the VIEs to operate in mainland China may be impaired by changes in its laws and regulations, including those relating to value-added telecommunications service industry, taxation, foreign investment limitations, and other matters.

The PRC government may
exert, at any time, substantial intervention and influence over the manner of our operations, and the rules and regulations to which we
are subject, including the ways they are enforced, may change rapidly and with little advance notice to us or our shareholders. Recently,
the PRC government initiated a series of regulatory actions and statements to regulate business operations in China with little advance
notice, including cracking down on illegal activities in the securities market, enhancing supervision over China-based companies listed
overseas, and adopting new measures to extend the scope of cybersecurity reviews and new laws and regulations relating to data security.
The PRC government may impose new, stricter regulations or interpretations of existing regulations that would require additional expenditures
and efforts on our part to ensure our subsidiaries in mainland China and the VIEs’ compliance with such regulations or interpretations.
As such, our subsidiaries in mainland China and the VIEs may be subject to various government actions and regulatory interference in the
provinces in which they operate. They could be subject to regulation by various political and regulatory entities, including various local
and municipal agencies and government sub-divisions. They may incur increased costs necessary to comply with existing and newly adopted
laws and regulations or penalties for any failure to comply.

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Furthermore, it is uncertain
when and whether we will be required to obtain permission from the PRC government to maintain our listing status on U.S. exchanges in
the future, and even when such permission is obtained, whether it will be later denied or rescinded. On December 24, 2021, the CSRC issued
the Provisions of the State Council on the Administration of Overseas Securities Offering and Listing by Domestic Companies (Draft for
Comments) and the Administrative Measures for the Filing of Overseas Securities Offering and Listing by Domestic Companies (Draft for
Comments) (collectively, the “Draft Overseas Listing Regulations”), which propose to require companies in mainland China and
their