Company: SOS
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061032
Chunk: 39

Company: SOS Ltd
Filing Date: 2025-07-02
Form: S-8
Chunk 39
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us, the applicable PRC laws on
cybersecurity currently in effect would have a material adverse impact on our business.

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Complying with these
obligations concerning data protection and cybersecurity could cause us to incur substantial costs. As the interpretation and application
of cybersecurity laws, regulations and standards of the PRC are still uncertain and evolving, we may be required to make further adjustments
to our and the VIEs’ business practices to comply with the enacted form of the laws, which may increase our compliance cost and
adversely affect our business performance. We expect that there will continue to be new proposed laws, rules of self-regulatory bodies,
regulations and industry standards concerning privacy, data protection and information security in the PRC, and we cannot yet determine
the impact such future laws, rules, regulations and standards may have on our business.

Moreover, we may not
disclose any personal data or information, unless required by the competent PRC authorities through certain procedures required by the
laws, for the purpose of, among others, safeguarding the national security, investigating crimes, investigating infringement of information
network communications rights, or cooperating with the supervision and inspection of telecommunications regulatory authorities. Failure
to comply with these requirements could subject us to fines and penalties.

Trading in our securities on any U.S. stock exchange and the U.S. over the counter market may be prohibited under the HFCA Act or the Accelerating Holding Foreign Companies Accountable Act if the SEC subsequently determines our audit work is performed by auditors that the PCAOB is unable to inspect or investigate completely, and as a result, U.S. national securities exchanges, such as the Nasdaq, may determine to delist our securities, and our securities may be prohibited from being traded over the counter.

The HFCA Act was enacted
on December 18, 2020. The HFCA Act states if the SEC determines that we have filed audit reports issued by a registered public accounting
firm that has not been subject to inspection by the PCAOB for three consecutive years beginning in 2021, the SEC shall prohibit our shares
or ADSs from being traded on a national securities exchange or in the over the counter trading market in the United States.

On March 24, 2021, the
SEC adopted interim final rules relating to the implementation of certain disclosure and documentation requirements of the HFCA Act. A
company will be required to comply with these rules if the SEC identifies it as having a