Company: ABTS
Filing Date: 2025-12-02
Form Type: F-3/A
Source: 0001493152-25-025631
Chunk: 24

Company: Abits Group Inc
Filing Date: 2025-12-02
Form: F-3/A
Chunk 24
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 ordinary shares, whether by us or our shareholders, could cause the price of our ordinary shares to decline.          |
| ● | We                                                                                                                                 
 have not paid and do not intend to pay dividends on our ordinary shares. Investors in this offering may never obtain               
 a return on their investment.                                                                                                      |
| ● | If                                                                                                                                 
 we fail to satisfy all applicable continued listing requirements of the Nasdaq Capital Market, our ordinary shares may be delisted 
 from Nasdaq, which could have an adverse impact on the liquidity and                                                               
 market price of our ordinary shares.                                                                                               |
| ● | You                                                                                                                                
 may face difficulties in protecting your interests as a shareholder, as the laws of British Virgin Islands provides substantially  
 less protection when compared to the laws of the United States and it may be difficult for a shareholder of ours to effect service 
 of process or to enforce judgements obtained in the United States courts.                                                          |

Permission Required from the PRC Authorities

We conduct substantially all of our business operations in the United States through our U.S. subsidiaries. Our PRC subsidiary, Bitmatrix, provides limited in-house administrative support to us and other subsidiaries and does not conduct any revenue generating business. As of the date of this prospectus, Bitmatrix is required to obtain, and has obtained, a business license. As advised by Jincheng Tongda & Neal Law Firm, our counsel as to PRC law, Bitmatrix is not required to obtain any other permission or approval from the PRC authorities, and we are not aware any permission or approval has been denied.

While Bitmatrix does not conduct substantial business operations and its function is limited solely to intra-subsidiary administrative support, certain PRC laws and regulations may still apply to it as a PRC company.

| 8 |

No CSRC Filing or Approval Required

On February 17, 2023, China Securities Regulatory Commission (the “CSRC”) promulgated the Trial Administrative Measures of the Overseas Securities Offering and Listing by Domestic Companies, or the Trial Measures, and the relevant five guidelines, which became effective on March 31, 2023. Pursuant to the Trial Measures, PRC domestic companies that seek to offer and list securities in overseas markets, either in direct or indirect means, are required to complete the filing procedure with the CSRC and report relevant information. The Trial Measures provides that if the issuer meets both of the following criteria, the overseas securities offering and listing conducted by such issuer will be deemed as indirect overseas offering by PRC domestic