Company: SOS
Filing Date: 2025-03-14
Form Type: F-3
Source: 0001213900-25-024134
Chunk: 14

Company: SOS Ltd
Filing Date: 2025-03-14
Form: F-3
Chunk 14
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 aggregate of 174.28 units of BTC and 2,949.79 units of ETH as of December
31, 2022, from our mining pools.”

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Company History and Structure

We were formed in Delaware
on July 12, 2004 as China Risk Finance LLC. On August 18, 2015, we registered as an exempted company in the Cayman Islands by way of continuation,
and changed our name to China Rapid Finance Limited. We began trading our ADSs on the NYSE under the symbol “XRF” on April
28, 2017.

On May 5, 2020, we entered
into a set of agreements to acquire YBT, which controls SOS Information as a variable interest entity. The transaction was finalized on
May 15, 2020, making us the sole owner of YBT and, by extension, its variable interest entity, SOS Information Technology Co., Ltd (“SOS
Information”). This acquisition marked the beginning of our data mining and targeted marketing services business through SOS Information.
On July 20, 2020, we changed our name to SOS Limited.

On August 3, 2020, we
signed a share purchase agreement (the “Disposition SPA”) with Hantu (Hangzhou) Asset Management Co., Ltd. (the “Purchaser”).
As per the Disposition SPA, the Purchaser agreed to purchase CRF China Holding Co. Limited, China Capital Financial LLC, CRF China Limited,
CRF Technology LLC, and HML China LLC (collectively, the “XRF Subsidiaries”) for a cash consideration of $3.5 million. The
transaction was closed on August 6, 2020, making the Purchaser the sole shareholder of the XRF Subsidiaries and assuming all assets and
liabilities of all the subsidiaries and variable interest entities owned or controlled by the XRF Subsidiaries. As a result of this transaction,
we ceased our legacy peer-to-peer lending business and shifted our focus to becoming a leading high-technology services business, offering
services including marketing data, technology, and solutions for insurance companies and emergency rescue services in China. We also changed
our trading symbol to “SOS.”

On May 14, 2020, Qingdao
SOS Investment Management Co., Ltd. (“Qingdao SOS Investment”), Qingdao SOS Industrial Holding Co., Ltd. (“Qingdao SOS
Industrial