Company: SOS
Filing Date: 2025-06-25
Form Type: F-3/A
Source: 0001213900-25-057886
Chunk: 3

Company: SOS Ltd
Filing Date: 2025-06-25
Form: F-3/A
Chunk 3
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 subsidiaries. Investors may never directly hold equity interests in our subsidiaries.
As we conduct part of our operations through our subsidiaries in China, we face various legal and operational risks and uncertainties
related to doing business in China that could result in a material change in our operations and/or the value of our securities. We are
subject to a series of PRC laws and regulations. The PRC government has recently issued statements and conducted regulatory actions relating
to areas such as approvals, filings or other administrative requirements on offshore offerings, anti-monopoly regulatory actions, and
oversight on cybersecurity and data privacy. The PRC government’s authority in regulating our operations in China and its management
on offerings conducted overseas by, and foreign investment in, China-based issuers could limit our and our PRC subsidiaries’ ability
to conduct business and/or limit or hinder our ability to offer or continue to offer securities to investors, accept foreign investments
or list on a United States or other foreign exchange, or cause the value of our securities to significantly decline or be worthless. For
more details, see “Risk Factors—Risks Related to Doing Business in China.”

Our ADSs are listed on the New York Stock
Exchange (the “NYSE”), under the symbol “SOS.” On June 24, 2025, the closing trading price for our ADSs, as reported
on NYSE, was US$5.89 per ADS.

Pursuant to General Instruction I.B.5. of
Form F-3, in no event will we sell the securities covered hereby in a public primary offering with a value exceeding more than one-third
of the aggregate market value of our ordinary shares in any 12-month period so long as the aggregate market value of our issued and outstanding
ordinary shares held by non-affiliates remains below US$75,000,000. The aggregate market value of our issued and outstanding Class A
ordinary shares held by non-affiliates, or public float, as of June 25, 2025, was approximately US$45.8 million, which was calculated
based on 991,316,492 Class A ordinary shares held by non-affiliates and the per ADS price of US$6.93, which was the closing price
of our ADSs onMay 12, 2025. During the 12 calendar months prior to and including the date of this prospectus, we have not offered or
sold any securities pursuant to General Instruction I.B.5 of Form F-3.