Company: ABTS
Filing Date: 2025-12-02
Form Type: F-3/A
Source: 0001493152-25-025631
Chunk: 12

Company: Abits Group Inc
Filing Date: 2025-12-02
Form: F-3/A
Chunk 12
---
 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, including through this prospectus, to settle the above inter-company loan amounts due from us and Abit HK.

We have never declared or paid any cash dividends on our ordinary shares. We do not have any plan to pay any cash dividends on our shares in the foreseeable future. We currently intend to retain most, if not all, of our available funds and any future earnings to support operations and to finance the growth and development of our business. Any future determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant. See “Risk Factors — Risks Related to Our Ordinary Shares and This Offering” on pages 8 and 19.

As of the date of this prospectus, we do not anticipate any difficulties on our ability to transfer cash between our subsidiaries, other than Bitmatrix which is a stand-alone operation and has enough working capital of its own for the foreseeable future. However, there is no assurance the PRC government will not intervene in or impose restrictions on the ability of the Company or our subsidiaries to transfer cash or assets. We have not adopted cash management policy that dictate the amount of such funds and how such funds