Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 108

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 108
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, which have applied in Hong Kong until now are as following:

“Resolution on the Capital, Calendar, National
Anthem and National Flag of the PRC; Resolution on the National Day of the PRC; Declaration of the Government of the PRC on the Territorial
Sea; Nationality Law of the PRC; Regulations of the PRC Concerning Diplomatic Privileges and Immunities; Law of the PRC on the National
Flag; Regulations of the PRC Concerning Consular Privileges and Immunities; Law of the PRC on the National Emblem; Law of the PRC on the
Territorial Sea and the Contiguous Zone; Law of the PRC on Garrisoning the Hong Kong Special Administrative Region; Law of the PRC on
the Exclusive Economic Zone and the Continental Shelf; Law of the PRC on Judicial Immunity from Compulsory Measures Concerning the Property
of Foreign Central Banks; and Law of the PRC on the National Anthem; Law of the PRC on Safeguarding National Security in the Hong Kong
Special Administrative Region.”

As of the date of this report, the Hong Kong subsidiaries
have not established any subsidiary or branch in mainland PRC and are not conducting any business operations in mainland PRC.

However, due to changes in laws, regulations or
policies, including how these laws, regulations or policies would be interpreted or implemented, the national laws applicable in Hong
Kong in the Basic Law might be revised in the future.

Therefore, we cannot assure you that we will not
be affected by the foregoing or relevant laws, regulations or policies in the future, if there are any changes to the foregoing laws,
regulations and policies, or if any new laws, regulations, and policies are published. We could not guarantee that the relevant laws,
regulations, or policies would not be applied retroactively, so we might face penalties, and our reputation and results of operations
could be materially and adversely affected.

Enhanced scrutiny over acquisition transactions by the PRC tax authorities may have a negative impact on the indirect transfer of equity in the past and potential acquisitions we may pursue in the future.

The PRC tax authorities have enhanced their scrutiny
over the direct or indirect transfer of certain taxable assets, including, in particular, equity interests in a PRC resident enterprise,
by a non-resident enterprise by promulgating and implementing SAT Circular 59 and Circular 698, which became effective in January 2008,
and a Circular 7 to replace some