Company: SOS
Filing Date: 2025-03-14
Form Type: F-3
Source: 0001213900-25-024134
Chunk: 73

Company: SOS Ltd
Filing Date: 2025-03-14
Form: F-3
Chunk 73
---
 general meeting, and does not provide shareholders with any right to put any proposal before a general
meeting. However, these rights may be provided in a company’s articles of association. Our memorandum and articles of association
allow any one or more of our shareholders who together hold shares that carry in aggregate not less than two-thirds of the total number
of votes attaching to all issued and outstanding shares of our company entitled to vote at general meetings to requisition an extraordinary
general meeting of our shareholders, in which case our board is obliged to convene an extraordinary general meeting and to put the resolutions
so requisitioned to a vote at such meeting. Other than this right to requisition a shareholders’ meeting, our memorandum and articles
of association do not provide our shareholders with any other right to put proposals before annual general meetings or extraordinary general
meetings not called by such shareholders. As an exempted Cayman Islands company, we are not obliged by law to call shareholders’
annual general meetings.

Cumulative Voting

Under the Delaware General Corporation Law, cumulative
voting for elections of directors is not permitted unless the corporation’s certificate of incorporation specifically provides for
it. Cumulative voting potentially facilitates the representation of minority shareholders on a board of directors since it permits the
minority shareholder to cast all the votes to which the shareholder is entitled on a single director, which increases the shareholder’s
voting power with respect to electing such director. There are no prohibitions in relation to cumulative voting under the laws of the
Cayman Islands but our memorandum and articles of association do not provide for cumulative voting. As a result, our shareholders are
not afforded any less protections or rights on this issue than shareholders of a Delaware corporation.

Removal of Directors

Under the Delaware General Corporation Law, a
director of a corporation with a classified board may be removed only for cause with the approval of a majority of the issued and outstanding
shares entitled to vote, unless the certificate of incorporation provides otherwise. Under our memorandum and articles of association,
directors may be removed with or without cause, by an ordinary resolution of our shareholders or by a written resolution signed by every
director other than the director being removed. A director will also cease to be a director if he (i) becomes bankrupt or makes any arrangement
or composition with his creditors; (ii) dies or is found to be or becomes of unsound mind; (iii) resigns his office by notice in writing;
(iv) without special leave of absence from our board,