Company: SOS
Filing Date: 2025-03-14
Form Type: F-3
Source: 0001213900-25-024134
Chunk: 23

Company: SOS Ltd
Filing Date: 2025-03-14
Form: F-3
Chunk 23
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 any inquiry, notice, warning, or sanctions regarding our corporate structure from the CSRC, CAC or any other PRC governmental
agency. As advised by our PRC counsel, Hebei Changjun Law Firm, we are unlikely to be subject to cybersecurity review, because: (i) we
have not received any notice from governmental agency to treat us as an operator of critical information infrastructure, and (ii) we have
not received any notice from governmental agency to treat us as an online platform operator who possesses personal information of more
than one million users. In addition, we currently do not have over one million users’ personal information and do not anticipate
to collect over one million users’ personal information in the foreseeable future.

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CSRC Filing

On February 17, 2023, the CSRC promulgated the
Trial Measures, which took effect on March 31, 2023. The Trial Measures clarified and emphasized several aspects, which include but are
not limited to: (1) comprehensive determination of the “indirect overseas offering and listing by PRC domestic companies”
in compliance with the principle of “substance over form” and particularly, an issuer will be required to go through the filing
procedures under the Trial Measures if the following criteria are met at the same time: a) 50% or more of the issuer’s operating
revenue, total profit, total assets or net assets as documented in its audited consolidated financial statements for the most recent accounting
year is accounted for by PRC domestic companies, and b) the main parts of the issuer’s business activities are conducted in mainland
China, or its main places of business are located in mainland China, or the senior managers in charge of its business operation and management
are mostly Chinese citizens or domiciled in mainland China; (2) exemptions from immediate filing requirements for issuers that a) have
already been listed or registered but not yet listed in foreign securities markets, including U.S. markets, prior to the effective date
of the Trial Measures, and b) are not required to re-perform the regulatory procedures with the relevant overseas regulatory authority
or the overseas stock exchange, c) whose such overseas securities offering or listing shall be completed before September 30, 2023, provided
however that such issuers shall carry out filing procedures as required if they conduct refinancing or are involved in other circumstances
that require filing with the CSRC; (3) a negative