Company: SOS
Filing Date: 2025-03-14
Form Type: F-3
Source: 0001213900-25-024134
Chunk: 27

Company: SOS Ltd
Filing Date: 2025-03-14
Form: F-3
Chunk 27
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on our ability to distribute earnings from our businesses, including subsidiaries, to our holding company and U.S. investors. Neither
we nor any of our subsidiaries has obtained the approval from either the China Securities Regulatory Commission (the “CSRC”)
or the Cyberspace Administration of China (the “CAC”) for any offering of our ADSs in the United States, and we do not intend
to obtain the approval from either the CSRC or the CAC in connection with any such offering, since we do not believe, based upon advice
of our PRC counsel, Hebei Changjun, that such approval is required for the time being. We cannot assure you, however, that regulators
in China will not take a contrary view or will not subsequently require us to undergo the approval procedures and subject us to penalties
for non-compliance. See “Risk Factors — Risks Related to Doing Business in China — The approval of the CSRC, may be
required in connection with the listing and trading of our securities under PRC rules, regulations, or policies, and, if required, we
cannot predict whether or how soon we will be able to obtain such approval. As a result, both you and us fact uncertainty about future
actions by the PRC government that could significantly affect our business, our listing on NYSE, financial condition and results of operations.”

The following financial
information has been prepared to illustrate the consolidated cash flows for the years ended December 31, 2023 for (i) SOS Limited; (ii)
China SOS Limited; (iii) Qingdao SOS Investment, one of our WFOEs; (iv) the VIE; (v) Subsidiaries outside China; and (vi) Subsidiaries
inside China. The financial information of SOS Limited has been extracted from SOS Limited’s audited consolidated statements of
cash flows for the year ended December 31, 2023 and the related notes, included elsewhere in this prospectus or incorporated by reference
herein.

SOS Limited (“SOS”) refers to
the ultimate parent or the registrant, a Cayman Islands exempt company.

China SOS Limited (“China SOS”)
is a Hong Kong corporation.

Qingdao SOS Investment Management Co., Ltd.
(“Qingdao SOS Investment”), a PRC corporation., one of the Company’s WFOEs.

Qingdao SOS Industrial Holding Co., Ltd.,
the former VIE, a PRC corporation.

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