Company: FUFU
Filing Date: 2025-11-07
Form Type: F-3
Source: 0001213900-25-107483
Chunk: 48

Company: Bitfufu Inc.
Filing Date: 2025-11-07
Form: F-3
Chunk 48
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 Class A Ordinary Shares should consult their own tax advisors concerning the application of the PFIC rules to
Class A Ordinary Shares under their particular circumstances.

Information Reporting and Backup Withholding

In general, information reporting
requirements will apply to dividends (including constructive dividends) received by U.S. Holders of Class A Ordinary Shares,
and the proceeds received on the disposition of Class A Ordinary Shares effected within the United States (and, in certain cases,
outside the United States), in each case, other than U.S. Holders that are exempt recipients (such as corporations). Backup
withholding (currently at a rate of 24%) may apply to such amounts if the U.S. Holder fails to provide an accurate taxpayer identification
number and certify that it is not subject to backup withholding (generally on an IRS Form W-9 provided to the paying agent or
the U.S. Holder’s broker) or is otherwise subject to backup withholding.

Backup withholding is not
an additional tax. Any amounts withheld under the backup withholding rules may be allowed as a refund or credit against a holder’s
U.S. federal income tax liability, if any, by filing the appropriate claim for refund and timely providing the required information
to the IRS. Each U.S. Holder should consult its own tax advisor regarding the information reporting and backup withholding rules in their
particular circumstances and the availability of and procedures for obtaining an exemption from backup withholding.

Certain U.S. Holders holding
specified foreign financial assets with an aggregate value in excess of the applicable dollar threshold are required to report information
to the IRS relating to Class A Ordinary Shares, subject to certain exceptions (including an exception for Class A Ordinary Shares held
in accounts maintained by U.S. financial institutions), by attaching a complete IRS Form 8938, Statement of Specified Foreign Financial
Assets, with their tax return, for each year in which they hold Class A Ordinary Shares. In addition to these requirements, U.S. Holders
may be required to annually file FinCEN Report 114 (Report of Foreign Bank and Financial Accounts) with the U.S. Department of Treasury.
U.S. Holders who are required to report specified foreign financial assets on IRS Form 8938 and/or foreign bank and financial accounts
on FinCEN Report 114 and fail to do so may be subject to substantial penalties.

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The discussion of reporting
obligations set forth above is not intended to constitute an exhaustive description of all reporting obligations that may apply