Company: FUFU
Filing Date: 2025-03-05
Form Type: POS AM
Source: 0001213900-25-020703
Chunk: 32

Company: Bitfufu Inc.
Filing Date: 2025-03-05
Form: POS AM
Chunk 32
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 to five (5) votes on all matters subject to vote at the general meetings. Our Ordinary Shares are issued in registered form
and are issued when registered in its register of members.

Conversion.Each
Class B Ordinary Share is convertible into one (1) Class A Ordinary Share at any time at the option of the holder thereof.
Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Upon any sale, transfer,
assignment or disposition of Class B Ordinary Shares by a holder to any person or entity which is not an affiliate of such holder,
or upon a change of ultimate beneficial ownership of Class B Ordinary Shares to any person or entity which is not an affiliate of
the holder, such Class B Ordinary Shares shall be automatically and immediately converted into the same number of Class A Ordinary
Shares.

Dividends.The
holders of Ordinary Shares are entitled to such dividends as may be declared by the board of directors of our Company or declared by
our Company’s shareholders by ordinary resolution (provided that no dividend may be declared by our Company’s shareholders
which exceeds the amount recommended by its directors). Our Amended and Restated Memorandum and Articles of Association provide that
dividends may be declared and paid out of our Company’s lawfully available funds. Under the laws of the Cayman Islands, our Company
may pay a dividend out of either profits or share premium account, provided that in no circumstances may a dividend be paid if this would
result in our Company being unable to pay its debts as they fall due in the ordinary course of business.

Voting rights.Voting
at any meeting of shareholders is by show of hands unless a poll (before or on the declaration of the result of the show of hands) is
demanded. A poll may be demanded by the chairperson of such meeting or any one shareholder present in person or by proxy. With respect
to all matters subject to a shareholders’ vote, each Class A Ordinary Share is entitled to one (1) vote, and each Class B
Ordinary Share is entitled to five (5) votes, voting together as one class on all matters submitted to a vote by our shareholders
at any general meeting.

An ordinary resolution to
be passed at a meeting by the shareholders requires the affirmative vote of a simple majority of the votes attaching to the Ordinary
Shares cast at a meeting, while a special resolution requires the affirmative vote of no less than two-thirds of the votes attaching
to the outstanding and issued Ordinary Shares cast at a meeting. A special