Company: SOS
Filing Date: 2025-07-31
Form Type: 424B5
Source: 0001213900-25-069766
Chunk: 67

Company: SOS Ltd
Filing Date: 2025-07-31
Form: 424B5
Chunk 67
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 subsidiaries largely due to various PRC laws and regulations imposed on foreign exchange. The majority of our income is
denominated in Renminbi, and shortage in foreign currencies may restrict our ability to pay dividends or other payment to satisfy our
foreign currency denominated obligations, if any. Under existing PRC foreign exchange regulations, payments of current account items,
including profit distributions, interest payments and expenditures from trade-related transactions can be made in foreign currencies without
prior approval from the State Administration of the Foreign Exchange in the PRC as long as certain procedural requirements are met. Approval
from appropriate government authorities is required if Renminbi is converted into foreign currency and remitted out of the PRC to pay
capital expenses such as the repayment of loans denominated in foreign currencies. The PRC government may, at its discretion, impose restrictions
on access to foreign currencies for current account transactions and if this occurs in the future, we may not be able to pay dividends
in foreign currencies to our shareholders. The PRC government has implemented a series of capital control measures, including stricter
vetting procedures for China-based companies to remit foreign currency for overseas acquisitions, dividend payments and shareholder loan
repayments. It may continue to strengthen its capital controls and dividends and other distributions of our subsidiaries in mainland China
may be subjected to tighter scrutiny and may limit the ability of our Cayman Islands holding company, to use capital from our subsidiaries
in mainland China, which may restrict our ability to satisfy our liquidity requirements.

Our Hong Kong subsidiary may be considered a non-resident
enterprise for tax purposes, so that any dividends our subsidiary in mainland China pays to our Hong Kong subsidiary may be regarded as
China-sourced income and, as a result, may be subject to PRC withholding tax at a rate of up to 10% unless a tax treaty or similar arrangement
provides otherwise. If we are required under the PRC Enterprise Income Tax Law to pay income tax for any dividends we receive from our
subsidiaries in mainland China, or if our Hong Kong subsidiary is determined by PRC government authority as receiving benefits from reduced
income tax rate due to a structure or arrangement that is primarily tax-driven, it would materially and adversely affect the amount of
dividends, if any, we may pay to our shareholders.

If the PRC tax authorities determine that our Cayman Islands holding
company is a PRC resident enterprise for enterprise income tax purposes and unless a tax treaty or similar arrangement provides otherwise,
we may be required to