Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 156

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 6
Chunk 156
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 be interested therein. If a director does so his or her vote shall be counted
and he or she may be counted in the quorum at any meeting of the directors at which any such contract or proposed contract or arrangement
is considered.

The directors may exercise
all the powers of the company to borrow money, mortgage its undertaking, property and uncalled capital, and issue debentures or other
securities whenever money is borrowed or as security for any obligation of the company or of any third party. None of our directors has
a service contract with us that provides for benefits upon termination of service.

Duties of Directors

Under Cayman Islands law,
our directors have a fiduciary duty to act honestly, in good faith and with a view to our best interests. Our directors also have a duty
to exercise their skills and such care and diligence that a reasonably prudent person would exercise in comparable circumstances. In fulfilling
their duty of care to us, our directors must ensure compliance with our Amended and Restated Memorandum and Articles of Association as
may be amended from time to time. We have the right to seek damages against any director who breaches a duty owed to us.

Code of Business Conduct and Ethics and Corporate
Governance

We have adopted a code of
business conduct and ethics, which are applicable to all of our directors, executive officers and employees. We have made our code of
business conduct and ethics publicly available on our website.

In addition, we have adopted
a set of corporate governance guidelines covering a variety of matters, including approval of related party transactions.

Terms of Directors and Officers

Our directors are not subject
to a term of office and they hold office until such time as they are removed from office by ordinary resolution of the shareholders. A
director will cease to be a director if, among other things, the director (i) becomes bankrupt or makes any arrangement or composition
with his or her creditors; (ii) dies or is found by us to be or becomes of unsound mind; (iii) resigns his or her office by
notice in writing to us; (iv) without special leave of absence from our board, is absent from three consecutive board meetings and
our board of directors resolve that his or her office be vacated; or (v) is removed from office pursuant to any other provision of
our Amended and Restated Memorandum and Articles of Association. Our officers are elected by and serve at the discretion of the board
of directors.

Committees of