Company: FUFU
Filing Date: 2025-07-08
Form Type: F-3
Source: 0001213900-25-061902
Chunk: 49

Company: Bitfufu Inc.
Filing Date: 2025-07-08
Form: F-3
Chunk 49
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 or domicile.

The following is a discussion
on certain Cayman Islands income tax consequences of an investment in the Class A Ordinary Shares. The discussion is a general summary
of present law, which is subject to prospective and retroactive change. It is not intended as tax advice, does not consider any investor’s
particular circumstances, and does not consider tax consequences other than those arising under Cayman Islands law.

Under Existing Cayman Islands Laws

Payments of dividends and
capital in respect of our securities will not be subject to taxation in the Cayman Islands and no withholding will be required on the
payment of interest and principal or a dividend or capital to any holder of Class A Ordinary Shares, nor will gains derived from the disposal
of the Class A Ordinary Shares be subject to Cayman Islands income or corporation tax. The Cayman Islands currently have no income, corporation
or capital gains tax and no estate duty, inheritance tax or gift tax.

No stamp duty is payable
in respect of the issue of our securities or on an instrument of transfer in respect of our securities, except for stamp duties which
may be applicable on instruments executed in, or, after execution, brought within the jurisdiction of the Cayman Islands.

The Cayman Islands currently
levies no taxes on individuals or corporations based upon profits, income, gains or appreciations and there is no taxation in the nature
of inheritance tax or estate duty. There are no other taxes likely to be material to the Company levied by the Government of the Cayman
Islands save certain stamp duties which may be applicable, from time to time, on certain instruments executed in or brought within the
jurisdiction of the Cayman Islands.

The Cayman Islands enacted
the International Tax Co-operation (Economic Substance) Act (Revised) together with the Guidance Notes published by the Cayman Islands
Tax Information Authority from time to time. The Company is required to comply with the economic substance requirements from July 1, 2019
and make an annual report in the Cayman Islands as to whether or not it is carrying on any relevant activities and if it is, it must satisfy
an economic substance test.

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ENFORCEABILITY OF CIVIL LIABILITIES</div>

Cayman Islands

We are incorporated under
the laws of the Cayman Islands as an exempted company with limited liability in order to enjoy the following benefits:

| ● | political and economic stability; |

| ● | an effective judicial system; |

| ●