Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 111

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 4
Chunk 111
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individual shareholders that have equal to or more than 20% shareholding in our corporate customers.

Our customer services team
would review this information, and report any suspicious activities in accordance with applicable regulations. Only after the KYC procedure
has been completed by us will customers be able to use our services. We have designated employees to be responsible for monitoring and
reporting global sanctions information, updating and operating KYC and anti-money laundering procedure, and regularly checking and
updating risk control rules. We will report suspicious, questionable transactions and corporate/personal information to regulatory authorities
in accordance with regulatory requirements in the place where we operate. Anti-money laundering regulations are constantly evolving
and vary from jurisdiction-to-jurisdiction. We continually monitor our compliance with anti-money laundering and counter-terrorist financing
regulations and industry standards and implement policies, procedures, and controls in light of the most current legal requirements.

We do not provide cloud computing
services to customers located in countries and regions that are subject to OFAC sanctions. Due to local regulatory policies and taxation
considerations, we also currently do not accept order for our cloud-mining services from customers in mainland China, the United States
and Singapore. Before customers can use our products and services, we require customers to confirm that the use of the services provided
by us is legal in their country/region of residents. However, we may still be subject to investigation and enforcement action by regulators
in these jurisdictions, to the extent that such regulators assert jurisdiction on digital assets and related transactions. See “ Item
3. Key Information - D. Risk Factors - Risks Related to the Regulatory Framework - Assertion of jurisdiction by U. S. and foreign
regulators, or other government entities over digital assets and digital asset industry may subject market participants, including us,
to additional regulation and investigation.”

Related Party Transaction Policy

We have adopted a written
related person transaction policy setting forth the policies and procedures for the review and approval or ratification of its related
person transactions. This policy covers any transaction, arrangement or relationship, or any series of similar transactions, arrangements
or relationships, in which it is a participant, in which the amount involved exceeds US$120,000 in any fiscal year and a related person
(including any director, executive officer or shareholder holding 5% of our or our subsidiaries’ equity interest) has a direct or
indirect material interest, including without limitation, purchases of goods or services by or from the related person or entities in
which the related person has