Company: SOS
Filing Date: 2025-03-14
Form Type: F-3
Source: 0001213900-25-024134
Chunk: 43

Company: SOS Ltd
Filing Date: 2025-03-14
Form: F-3
Chunk 43
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 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
through unmerited legal actions or threats in an attempt to extract payments or benefits from us or the VIEs. Such uncertainties may therefore
increase our and the VIEs’ operating expenses and costs, and materially and adversely affect our and the VIEs’ business and
results of operations.

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. Any such actions by the Chinese government, including any decision to intervene or influence the operations of our subsidiaries in mainland China or the VIEs or to exert control over any offering of securities conducted overseas and/or foreign investment in 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