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  <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><B>As filed with the Securities and Exchange Commission on July 2, 2025</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration&nbsp;No.&nbsp;333-</B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>
  
  <!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>
  
  <!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;S-8</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REGISTRATION STATEMENT</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>UNDER</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>THE SECURITIES ACT OF 1933</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>
  
  <!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SOS Limited </B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of Registrant as specified in its
  charter)</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  
  <!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR>
      <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: top; text-align: center; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Cayman Islands</B></FONT></TD>
      <TD STYLE="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom; width: 2%">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: top; text-align: center; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Not Applicable</B></FONT></TD></TR>
    <TR>
      <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(State or other jurisdiction of<BR>
  incorporation or organization)</B></FONT></TD>
      <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(I.R.S. Employer<BR>
  Identification Number)</B></FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Building 6, East Seaview Park, 298 Haijing Road,
  Yinzhu Street</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>West Coast New District, Qingdao City, Shandong
  Province 266400 </B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>People&rsquo;s Republic of China</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>+86-532-86617117</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Address and telephone number of Registrant&rsquo;s
  principal executive offices)</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>
  
  <!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>2025 Equity Incentive Plan</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Full title of the plans)</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Puglisi &amp; Associates</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>850 Library Avenue</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Suite 204</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Newark, Delaware 19711</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Name, address and telephone number of agent
  for service)</B>&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><I>Copies to:</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>Joan Wu, Esq.</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>Hunter Taubman Fischer &amp; Li LLC</B> <B></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>950 Third Avenue, 19th Floor</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B></B> <B>New&nbsp;York, NY&nbsp;10022</B> <B></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>(212) 530-2208</B></P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  
  <!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is a large accelerated
  filer, an accelerated filer, a&nbsp;non-accelerated&nbsp;filer, a smaller reporting company or an emerging growth company. See the definitions
  of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company,&rdquo; and &ldquo;emerging
  growth company&rdquo; in Rule&nbsp;12b-2&nbsp;of the Exchange Act.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom">
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt; width: 19%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Large&nbsp;accelerated&nbsp;filer</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt; width: 55%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt; width: 25%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accelerated
      filer</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
    <TR STYLE="font-family: Times New Roman, Times, Serif">
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
    <TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom">
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-accelerated&nbsp;filer</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">&#9746;</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Smaller&nbsp;reporting&nbsp;company</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
    <TR STYLE="font-family: Times New Roman, Times, Serif">
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
    <TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom">
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging&nbsp;growth&nbsp;company</FONT></TD>
      <TD STYLE="padding-right: 0pt; font-family: Times New Roman, Times, Serif; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If an emerging growth company, indicate by check mark if the registrant
  has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
  to Section&nbsp;7(a)(2)(B) of the Securities Act.&nbsp;&nbsp;&#9744;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>INTRODUCTION</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">SOS
  Limited, a Cayman Islands exempted company (the &ldquo;Company&rdquo; or the &ldquo;Registrant&rdquo;), has granted equity compensation
  awards to Mr. Douglas L. Brown in connection with appointing Mr. Brown to serve as a director on the Company&rsquo;s board of directors
  (&ldquo;Director&rdquo;). The compensation awards include 58,656 Class A Ordinary Shares of the Company, par value $0.005 per share, issued
  to Mr. Brown (the &ldquo;Compensation Shares&rdquo;). This Registration Statement on Form S-8 is filed by the Company to register the
  offer and sale of the Compensation Shares.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt">This
  Registration Statement contains two parts. The first part contains a &ldquo;reoffer&rdquo; prospectus prepared in accordance with Part
  I of Form F-3 (in accordance with Instruction C of the General Instructions to Form S-8). The reoffer prospectus permits reoffers and
  resales of those shares referred to above that constitute &ldquo;restricted securities&rdquo; as defined in General Instruction C to Form
  S-8, by Mr. Brown, the Registrant&rsquo;s Director (the &ldquo;Selling Stockholder&rdquo;), for his own account. The second part contains
  information required to be set forth in the Registration Statement pursuant to Part II of Form S-8 with respect to the Class A Ordinary
  Shares issuable pursuant to the 2025 Equity Incentive Plan.</FONT>&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>REOFFER PROSPECTUS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>58,656 CLASS A ORDINARY SHARES</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SOS LIMITED</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This prospectus relates to 58,656 Class A ordinary shares (the &ldquo;Shares&rdquo;),
  par value $0.005 per share (the &ldquo;Ordinary Shares&rdquo;) of SOS Limited (&ldquo;we,&rdquo; &ldquo;us,&rdquo; &ldquo;our,&rdquo;
  &ldquo;SOS&rdquo; or the &ldquo;Company&rdquo;) which may be offered from time to time by Douglas L. Brown, the Company&rsquo;s Director
  (the &ldquo;Selling Stockholder&rdquo;), for his own account. We will not receive any proceeds from any sale of Shares offered pursuant
  to this prospectus.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Selling Stockholder may offer and sell the
  Shares at various times and in various types of transactions, including sales in the open market, sales in negotiated transactions and
  sales by a combination of these methods. The Shares may be sold at the market price of the Shares at the time of a sale, at prices relating
  to the market price over a period of time, or at prices negotiated with the buyers of shares. The Shares may be sold through underwriters
  or dealers which the Selling Stockholder may select. If underwriters or dealers are used to sell the Shares, we will name them and describe
  their compensation in a prospectus supplement. For a description of the various methods by which the Selling Stockholder may offer and
  sell the Shares described in this prospectus, see the section entitled &ldquo;Plan of Distribution.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are not a Chinese operating company. We are
  a Cayman Islands holding company conducting our operations through our subsidiaries in China and the U.S. Our ADSs are ADSs of SOS, the
  offshore holding company in the Cayman Islands, instead of shares of our subsidiaries. Investors may never directly hold equity interests
  in our subsidiaries. As we conduct part of our operations through our subsidiaries in China, we face various legal and operational risks
  and uncertainties related to doing business in China that could result in a material change in our operations and/or the value of our
  securities. We are subject to a series of PRC laws and regulations. The PRC government has recently issued statements and conducted regulatory
  actions relating to areas such as approvals, filings or other administrative requirements on offshore offerings, anti-monopoly regulatory
  actions, and oversight on cybersecurity and data privacy. The PRC government&rsquo;s authority in regulating our operations in China and
  its management on offerings conducted overseas by, and foreign investment in, China-based issuers could limit our and our PRC subsidiaries&rsquo;
  ability to conduct business and/or limit or hinder our ability to offer or continue to offer securities to investors, accept foreign investments
  or list on a United States or other foreign exchange, or cause the value of our securities to significantly decline or be worthless. For
  more details, see &ldquo;Risk Factors&mdash;Risks Related to Doing Business in China.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our ADSs are listed on the New York Stock Exchange (the &ldquo;NYSE&rdquo;),
  under the symbol &ldquo;SOS.&rdquo; On June 30, 2025, the closing trading price for our ADSs, as reported on NYSE, was US$6.30 per ADS.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">We are a Cayman Islands
  holding company conducting our operations through our subsidiaries in China and the U.S. Our ADSs are ADSs of SOS, the offshore holding
  company in the Cayman Islands, instead of shares of our subsidiaries. Investors may never directly hold equity interests in our subsidiaries.
  As we conduct part of our operations through our subsidiaries in China, we face various legal and operational risks and uncertainties
  related to doing business in China that could result in a material change in our operations and/or the value of our securities. We are
  subject to a series of PRC laws and regulations. The PRC government has recently issued statements and conducted regulatory actions relating
  to areas such as approvals, filings or other administrative requirements on offshore offerings, anti-monopoly regulatory actions, and
  oversight on cybersecurity and data privacy. The PRC government&rsquo;s authority in regulating our operations in China and its management
  on offerings conducted overseas by, and foreign investment in, China-based issuers could limit our and our PRC subsidiaries&rsquo; ability
  to conduct business and/or limit or hinder our ability to offer or continue to offer securities to investors, accept foreign investments
  or list on a United States or other foreign exchange, or cause the value of our securities to significantly decline or be worthless. For
  more details, see &ldquo;Risk Factors&mdash;Risks Related to Doing Business in China.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February 17, 2023, the CSRC promulgated the
  Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies (the &ldquo;Trial Measures&rdquo;) and
  five supporting guidelines, which went into effect on March 31, 2023. The Trial Measures regulate both direct and indirect overseas offering
  and listing of PRC domestic companies&rsquo; securities by adopting a filing-based regulatory regime. Based on the Trial Measures and
  the clarification issued by at a press conference held by CSRC, and as advised by our PRC counsel, Hebei Changjun Law Firm (&ldquo;Hebei
  Changjun&rdquo;), based on their understanding of the Trial Measures, that the Company will file with the CSRC notice of its offering
  of ADSs representing its Class A ordinary shares and the Warrants. The Trial Measures require the filing with the CSRC of the overseas
  offering and listing plans and the follow-on offering plans by PRC domestic companies under certain conditions, and the filing with the
  CSRC by their underwriters associated with such companies&rsquo; overseas securities offering and listing. Companies, like us, that are
  already listed overseas as of March 31, 2023 are not required to make an immediate filing with the CSRC until a subsequent offering, in
  which case a filing should be made with the CSRC within three business days after the offering is completed. In the opinion of our PRC
  legal counsel, Hebei Changjun Law Firm, the Selling Shareholders&rsquo; resale of the Resale Shares as described hereunder does not constitute
  a &ldquo;subsequent offering&rdquo; under the CSRC rules and hence we are not required to complete the filing procedures with CSRC for
  the Selling Shareholders&rsquo; resale.&nbsp; In addition, if a domestic company fails to complete required filing procedures or conceals
  any material fact or falsifies any major content in its filing documents, such domestic company may be subject to administrative penalties,
  such as an order to rectify, warnings, fines, and its controlling shareholders, actual controllers, the person directly in charge and
  other directly liable persons may also be subject to administrative penalties, such as warnings and fines. See &ldquo;Risk Factors&mdash;Risks
  Related to Doing Business in China&mdash;The reinforcement by China regulatory authorities on the supervision or law enforcement on offerings
  that are conducted overseas and/or foreign investment in China-based issuers, which could limit or hinder our ability to offer or continue
  to offer securities to investors and cause the value of such securities to significantly decline.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
  <!-- Field: Page; Sequence: 3 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the Holding Foreign Companies Accountable
  Act (the &ldquo;HFCA ACT&rdquo;), if the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) determines that we have filed audit
  reports issued by a registered public accounting firm that has not been subject to inspections by the Public Company Accounting Oversight
  Board (the &ldquo;PCAOB&rdquo;) for two consecutive years, the SEC will prohibit our shares or ADSs from being traded on a national securities
  exchange or in the over-the-counter trading market in the United States. Pursuant to the HFCA Act, the PCAOB issued a Determination Report
  on December 16, 2021 which found that the PCAOB is unable to inspect or investigate completely registered public accounting firms headquartered
  in: (1) mainland China of the People&rsquo;s Republic of China because of a position taken by one or more authorities in mainland China;
  and (2) Hong Kong, a Special Administrative Region and dependency of the PRC, because of a position taken by one or more authorities in
  Hong Kong. Our auditor, Audit Alliance LLP (&ldquo;Audit Alliance&rdquo;), the independent registered public accounting firm that issues
  the audit report included in this prospectus, as an auditor of companies that are traded publicly in the United States and a firm registered
  with the PCAOB, is subject to the PCAOB&rsquo;s regular inspections to assess Audit Alliance&rsquo;s compliance with applicable professional
  standards. Audit Alliance is headquartered in Singapore and is not subject to the determinations announced by the PCAOB on December 16,
  2021. However, recent developments with respect to audits of China-based companies create uncertainty about the ability of our PRC subsidiaries
  to fully cooperate with Audit Alliance&rsquo;s audit without the approval of the Chinese authorities. In the event that it is later determined
  that the PCAOB is unable to inspect or investigate completely our auditor, then such lack of inspection could cause trading in our securities
  to be prohibited under the HFCA Act, and ultimately result in a determination by a securities exchange to delist our securities. In addition,
  on August 26, 2022, the PCAOB signed a Statement of Protocol (the &ldquo;SOP&rdquo;) Agreement with the CSRC and China&rsquo;s Ministry
  of Finance. The SOP Agreement, together with two protocol agreements (collectively, &ldquo;SOP Agreements&rdquo;), governs inspections
  and investigations of audit firms based in mainland China and Hong Kong, taking the first step toward opening access for the PCAOB to
  inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong. Pursuant to the fact sheet with
  respect to the Protocol disclosed by the SEC, the PCAOB shall have independent discretion to select any issuer audits for inspection or
  investigation and has the unfettered ability to transfer information to the SEC. On December 15, 2022, the PCAOB Board determined that
  the PCAOB was able to secure complete access to inspect and investigate registered public accounting firms headquartered in mainland China
  and Hong Kong and voted to vacate its previous determinations to the contrary. However, should PRC authorities obstruct or otherwise fail
  to facilitate the PCAOB&rsquo;s access in the future, the PCAOB Board will consider the need to issue a new determination. For more details,
  see &ldquo;Risk Factors&mdash;Risks Related to Doing Business in China&mdash;The PRC operating entity must conduct its business activities
  substantially subject to PRC laws, regulations and administration. If the Chinese government significantly regulates our operating entity&rsquo;s
  business operations in the future and it is not able to substantially comply with such regulations, our operating entity&rsquo;s business
  operations may be materially adversely affected, and the value of our Class A ordinary shares may significantly decrease,&rdquo; &ldquo;Risk
  Factors&mdash;Risks Related to Doing Business in China&mdash;Changes, application and interpretation with respect to the applicable legal
  laws/regulations, and economic policies for our PRC subsidiaries, could result in a material change in our operations and/or the value
  of the securities we are registering for sale,&rdquo; and &ldquo;Risk Factors&mdash;Risks Related to Doing Business in China&mdash;Our
  ADSs may be prohibited from trading in the United States under the HFCA ACT in the future if the PCAOB is unable to inspect or investigate
  completely of our auditor. The delisting of the ADSs, or the threat of their being delisted, may materially and adversely affect the value
  of your investment.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are a holding company, and we may rely principally
  on dividends and other distributions on equity paid by our PRC subsidiaries for our cash and financing requirements, including the funds
  necessary to pay dividends and other cash distributions to our shareholders and service any debt we may incur. If our PRC subsidiaries
  incur debt on their own behalf in the future, the instruments governing the debt may restrict their ability to pay dividends or make other
  distributions to us. Any limitation on the ability of our PRC subsidiaries to pay dividends or make other distributions to us could materially
  and adversely limit our ability to grow, make investments or acquisitions that could be beneficial to our business, pay dividends, or
  otherwise fund and conduct our business. For more details, see &ldquo;Risk Factors&mdash;Risks Related to Doing Business in China&mdash;We
  may rely principally on dividends and other distributions on equity paid by our PRC subsidiaries to fund any cash and financing requirements
  we may have, and any limitation on the ability of our PRC subsidiaries to pay dividends to us could have a material adverse effect on
  our ability to conduct our business.&rdquo; In addition, the PRC Enterprise Income Tax Law and its implementation rules provide that withholding
  tax rate of 10% will be applicable to dividends payable by PRC companies to non-PRC-resident enterprises unless otherwise exempted or
  reduced according to treaties or arrangements between the PRC central government and governments of other countries or regions where the
  non-PRC-resident enterprises are incorporated. For more details, see &ldquo;Risk Factors&mdash;Risks Related to Doing Business in China&mdash;It
  is unclear whether we will be considered a PRC &ldquo;resident enterprise&rdquo; under the PRC Enterprise Income Tax Law and, depending
  on the determination of our PRC &ldquo;resident enterprise&rdquo; status, our global income may be subject to the 25% PRC enterprise income
  tax, which could materially and adversely affect our results of operations.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
  <!-- Field: Page; Sequence: 4 -->
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      <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SOS Limited is a holding company with no operations
  of its own. We conduct our operations in China primarily through our PRC subsidiaries. As a result, although other means are available
  for us to obtain financing at the holding company level, SOS Limited&rsquo;s ability to pay dividends to the shareholders and to service
  any debt it may incur may depend upon dividends paid by our PRC subsidiaries.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a holding company registered in the Cayman
  Islands, we may rely on dividends from our subsidiaries in China for our cash requirements, including any payment of dividends to our
  shareholders. PRC regulations may restrict the ability of our PRC subsidiaries to pay dividends to us. If any of our subsidiaries incurs
  debt on its own behalf in the future, the instruments governing such debt may restrict its ability to pay dividends to SOS Limited. Under
  PRC laws and regulations, our PRC subsidiaries are subject to certain restrictions with respect to payment of dividends or other transfers
  of any of their net assets to us. Our PRC subsidiaries are permitted to pay dividends only out of their retained earnings, if any, as
  determined in accordance with PRC accounting standards and regulations. PRC laws also require a foreign-invested enterprise to set aside
  at least 10% of its after-tax profits as the statutory common reserve fund until the cumulative amount of the statutory common reserve
  fund reaches 50% or more of such enterprise&rsquo;s registered capital, if any, to fund its statutory common reserves, which are not available
  for distribution as cash dividends. Remittance of dividends by a wholly foreign-owned enterprise out of mainland China is also subject
  to examination by the banks designated by the PRC State Administration of Foreign Exchange (&ldquo;SAFE&rdquo;). These restrictions are
  benchmarked against the paid-up capital and the statutory reserve funds of our PRC subsidiaries. To the extent cash in our business is
  in China or in an entity in mainland China, the funds may not be available to fund operations or for other use outside of mainland China
  due to interventions in or the imposition of restrictions and limitations by the PRC government on our ability to transfer cash. As a
  result, our ability to grow, make investments or acquisitions that could be beneficial to our business, pay dividends, or otherwise fund
  and conduct our business may be materially and adversely affected. We have also presented financial information to illustrate the consolidated
  cash flows for the years ended December 31, 2024 for (i) SOS Limited; (ii) China SOS Limited; (iii) Qingdao SOS Investment, one of our
  WFOEs; (iv) the VIE; (v) Subsidiaries outside China; and (vi) Subsidiaries inside China. The financial information of SOS Limited has
  been extracted from SOS Limited&rsquo;s audited consolidated statements of cash flows for the year ended December 31, 2024 and the related
  notes, included elsewhere in this prospectus or incorporated by reference herein. For a detailed description of how cash is transferred
  through our organization, see &ldquo;Prospectus Summary&mdash;Cash and Asset Flows through Our Organization.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the fiscal year ended December 31, 2024, SOS
  Limited transferred nil to its subsidiaries inside China and transferred $16,379,378 to its subsidiaries outside China. $2,460,000 was
  transferred from the subsidiary named Future Digital Trade Limited of SOS Limited to SOS Limited. Since January 1, 2025 and until the
  date of this prospectus, SOS Limited has transferred, as intercompany borrowing, an aggregate of nil to its subsidiaries outside China,
  and SOS Information Technology New York Inc. transferred $46,101,001.73 to SOS Limited. Other than the transfers mentioned above, as of
  the date of this prospectus, SOS Limited has not made any other transfers, dividends or distributions between the holding company, any
  of its subsidiaries or to investors.&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are also subject to restrictions and limitations
  on our ability to distribute earnings from our businesses, including subsidiaries, to our holding company and U.S. investors. Neither
  we nor any of our subsidiaries has obtained the approval from either the China Securities Regulatory Commission (the &ldquo;CSRC&rdquo;)
  or the Cyberspace Administration of China (the &ldquo;CAC&rdquo;) for any offering of our ADSs in the United States, and we do not intend
  to obtain the approval from either the CSRC or the CAC in connection with any such offering, since we do not believe, based upon advice
  of our PRC counsel, Hebei Changjun, that such approval is required for the time being. We cannot assure you, however, that regulators
  in China will not take a contrary view or will not subsequently require us to undergo the approval procedures and subject us to penalties
  for non-compliance. See &ldquo;Risk Factors &mdash; Risks Related to Doing Business in China &mdash; The approval of the CSRC, may be
  required in connection with the listing and trading of our securities under PRC rules, regulations, or policies, and, if required, we
  cannot predict whether or how soon we will be able to obtain such approval. As a result, both you and us fact uncertainty about future
  actions by the PRC government that could significantly affect our business, our listing on NYSE, financial condition and results of operations.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
  <!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>The date of this reoffer prospectus is July
  2, 2025</B></P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;&nbsp;</B></P>
  
  <!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>If you
  are in a jurisdiction where offers to sell, or solicitations of offers to purchase, the securities offered by this document are unlawful,
  or if you are a person to whom it is unlawful to direct these types of activities, then the offer presented in this document does not
  extend to you. We have not authorized anyone to provide any information other than that contained in this prospectus, in any prospectus
  supplement or in any free writing prospectus prepared by or on behalf of us or to which we have referred to you. We do not take responsibility
  for, and we do not provide any assurance as to the reliability of, any other information that others may give you. We have not authorized
  any other person to provide you with different information. The information contained in this document speaks only as of the date of this
  document, unless the information specifically indicates that another date applies.</B></FONT></P>
  
  <P STYLE="font: 10pt Courier; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <!-- Field: Page; Sequence: 5 -->
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      <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TABLE OF CONTENTS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="vertical-align: bottom">
      <TD STYLE="padding: 0.25pt 0.25pt 1.5pt; width: 90%">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; width: 10%; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Page</B></FONT></TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="#a_003"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THE
      COMPANY</FONT></A></TD>
      <TD STYLE="white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD></TR>
    <TR STYLE="background-color: white">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="#a_004"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SPECIAL
      NOTE REGARDING FORWARD-LOOKING STATEMENTS</FONT></A></TD>
      <TD STYLE="white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11</FONT></TD></TR>
    <TR STYLE="background-color: white">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="#a_005"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RISK
      FACTORS</FONT></A></TD>
      <TD STYLE="white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12</FONT></TD></TR>
    <TR STYLE="background-color: white">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="#a_006"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">USE
      OF PROCEEDS</FONT></A></TD>
      <TD STYLE="white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">18</TD></TR>
    <TR STYLE="background-color: white">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="#a_007"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SELLING
      STOCKHOLDER</FONT></A></TD>
      <TD STYLE="white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">18</TD></TR>
    <TR STYLE="background-color: white">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="#a_008"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PLAN
      OF DISTRIBUTION</FONT></A></TD>
      <TD STYLE="white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">19</TD></TR>
    <TR STYLE="background-color: white">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="#a_009"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LEGAL
      MATTERS</FONT></A></TD>
      <TD STYLE="white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19</FONT></TD></TR>
    <TR STYLE="background-color: white">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt"><A HREF="#a_010"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EXPERTS</FONT></A></TD>
      <TD STYLE="white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">19</TD></TR>
    <TR STYLE="background-color: white">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center"><A HREF="#a_013"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PART I</FONT></A></TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="background-color: white">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="#a_014"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">INFORMATION
      REQUIRED IN THE SECTION 10(a) PROSPECTUS</FONT></A></TD>
      <TD STYLE="white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">I-1</FONT></TD></TR>
    <TR STYLE="background-color: white">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center"><A HREF="#a_015"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PART II</FONT></A></TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="background-color: white">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="#a_016"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">INFORMATION
      REQUIRED IN THE REGISTRATION STATEMENT</FONT></A></TD>
      <TD STYLE="white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">II-1</FONT></TD></TR>
    <TR STYLE="background-color: white">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="#a_017"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EXHIBIT
      INDEX</FONT></A></TD>
      <TD STYLE="white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">II-5</FONT></TD></TR>
    <TR STYLE="background-color: white">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="#a_002"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SIGNATURES</FONT></A></TD>
      <TD STYLE="white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">II-3</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
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      <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <DIV STYLE="padding: 5pt; border: Black 1.5pt solid">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_003"></A><B>THE COMPANY</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The following summary highlights information
  contained elsewhere in this prospectus o<FONT STYLE="background-color: white">r incorporated by reference in this prospectus,&nbsp;</FONT>and
  does not contain all of the information that you need to consider in making your investment decision. We urge you to read this entire
  prospectus (as supplemented or amended), including our consolidated financial statements, notes to the consolidated financial statements
  and other information incorporated by reference in this prospectus from our other filings with the SEC, before making an investment decision.
  Investors should note that SOS Limited, our ultimate Cayman Islands holding company, is not an operating company, and we conduct our operations
  in mainland China described in this prospectus primarily through our subsidiaries in mainland China, the VIEs, and their subsidiaries.</I></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Overview</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">We began our credit analytics
  service provider business in 2001. We developed our proprietary, advanced technology over the past 18 years, during which our founders
  and management team advised many of China&rsquo;s largest banks in analyzing consumer credit to issue over one hundred million credit
  cards to consumers. On April 28, 2017, our ADSs commenced trading on the NYSE under the symbol &ldquo;XRF,&rdquo; we later changed our
  trading symbol to &ldquo;SOS.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of the date of this prospectus, our company
  is engaged in providing big data-driven marketing solutions, blockchain and cryptocurrency operations, and commodity trading. Our marketing
  solutions and commodity trading services are primarily delivered through our subsidiaries in China, while our cryptocurrency mining and
  hosting operations are managed by our subsidiaries in the U.S.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Furthermore, we have also established a data warehouse
  and see the increasing number of active customer overtime. Our data collection covers a wide variety of sources and are mainly from offline
  third-party purchases, online subscription, AI recognition and cold calls, which account for approximately 60%, 20% and 10% of our data
  inventory, respectively.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our current product offerings encompass four main
  areas: commodity trading, insurance marketing, cryptocurrency mining, and other services. As of December 31, 2024, the revenue distribution
  among these areas was as follows: commodity trading (98.4%), insurance marketing (1.4%), and cryptocurrency (0.1%). Our cryptocurrency
  mining operations, which began in February 2021, have yielded an aggregate of 802.77 units of BTC and 2,949.79 units of ETH as of December
  31, 2024, from our mining pools.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Company History and Structure</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">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 &ldquo;XRF&rdquo; on April
  28, 2017.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">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 (&ldquo;SOS
  Information&rdquo;). 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.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">On August 3, 2020, we
  signed a share purchase agreement (the &ldquo;Disposition SPA&rdquo;) with Hantu (Hangzhou) Asset Management Co., Ltd. (the &ldquo;Purchaser&rdquo;).
  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 &ldquo;XRF Subsidiaries&rdquo;) 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 &ldquo;SOS.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  </DIV>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>
  
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  <DIV STYLE="padding: 5pt; border: Black 1.5pt solid">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">On May 14, 2020, Qingdao
  SOS Investment Management Co., Ltd. (&ldquo;Qingdao SOS Investment&rdquo;), Qingdao SOS Industrial Holding Co., Ltd. (&ldquo;Qingdao SOS
  Industrial&rdquo;), and Messrs. Yilin Wang, Weidong Feng, and Xianlong Wu, citizens of China and shareholders of Qingdao SOS Industrial,
  entered into a series of contractual arrangements, including Technical Consulting and Service Agreement, Equity Interest Purchase Option
  Agreement, Equity Pledge Agreement and Voting Rights Proxy and Financial Support Agreement, collectively, the &ldquo;Qingdao SOS Investment
  VIE Agreements,&rdquo; pursuant to which Qingdao SOS Investment has contractual rights to exercise control over the Qingdao SOS Industrial.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">On November 2, 2022,
  pursuant to the terms of the Qingdao SOS Investment VIE Agreements, Qingdao SOS Investment, Qingdao SOS Industrial, and shareholders of
  Qingdao SOS Industrial unanimously agreed to terminate the Qingdao SOS Investment VIE Agreements. The termination of the VIE contractual
  arrangements were effective on November 2, 2022.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;On November 2, 2022, Qingdao S Investment
  Holding Limited (&ldquo;Qingdao S Investment&rdquo;), Qingdao SOS Industrial Holding Co., Ltd. (&ldquo;Qingdao SOS Industrial&rdquo;),
  and Messrs. Yilin Wang, Weidong Feng, and Xianlong Wu, citizens of China and shareholders of Qingdao SOS Industrial, entered into a series
  of contractual arrangements, including Equity Pledge Agreement, Exclusive Management Consultation and Business Cooperation Agreement,
  Exclusive Purchase Option Agreement and Power of Attorney, collectively, the &ldquo;Qingdao S Investment VIE Agreements,&rdquo; pursuant
  to which Qingdao S Investment has contractual rights to exercise control over the Qingdao S Industrial.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">On November 2, 2022,
  the Company entered into the share purchase agreement with S International Holdings Limited and S International Group Limited, pursuant
  to which, S International Holdings Limited agreed to purchase S International in exchange for cash consideration of $17,000,000. Upon
  the closing of the transaction, S International Holdings Limited became the sole shareholder of S International and as a result, assume
  all assets and liabilities of all the subsidiaries and VIE entities owned or controlled by S International. S International owns 100%
  of the issued shares in S International Holdings Limited, which owns 100% of the issued shares in Qingdao S Investment. Qingdao S Investment
  controls Qingdao SOS Industrial, the former VIE, through a series of contractual agreements with the former VIE and the shareholders of
  the former VIE dated November 2, 2022. The former VIE owns 100% of the equity interests in each of SOS Information Technology Co., Ltd.
  and Qingdao SOS Digital Technologies Inc.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">As of the date of this
  prospectus, the prior VIE structure has been unwound, and the financial results of the former VIE and its subsidiaries are no longer consolidated
  into the Company&rsquo;s financial statements. Our current corporate structure does not contain any VIE in mainland China and neither
  we nor our subsidiaries have intentions of establishing any VIEs in mainland China in the future. None of the Company&rsquo;s subsidiaries
  operate through VIE contracts as of the date of this prospectus.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following diagram illustrates our corporate
  structure, including our principal subsidiaries as of the date of this prospectus:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="image_001.jpg" ALT="" STYLE="width: 624px; height: 388px"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  </DIV>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  
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  <DIV STYLE="padding: 5pt; border: Black 1.5pt solid">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Summary of Risk Factors</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investing in our securities involves significant
  risks. You should carefully consider all of the information in this prospectus before making an investment in our securities. Below please
  find a summary of the principal risks we face, organized under relevant headings. These risks are discussed more fully in the section
  titled &ldquo;Risk Factors.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B><I>Risks Related to
  Doing Business in China</I></B>&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The PRC government may
                                                                                                                                                                          intervene or influence our operations at any time, or may exert more control over the China operations of an offshore holding
                                                                                                                                                                          company, and offerings conducted overseas and foreign investment in China-based issuers, such as our PRC subsidiaries following the
                                                                                                                                                                          offering. Changes in China&rsquo;s economic, political or social conditions or government policies could have a material adverse
                                                                                                                                                                          effect on the business, results of operations, financial condition, and the securities value of the Company and its subsidiaries,
                                                                                                                                                                          and could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the
                                                                                                                                                                          value of such securities to significantly decline or be worthless. See more detailed discussion of this risk factor on page 12 of
                                                                                                                                                                          this prospectus.</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  permission or approval of, or filing to, the China Securities Regulatory Commission may be required in future offerings or financings,
  and, if required, we cannot predict whether we will be able to obtain such permission or approval, or timely clear the filing requirements.
  See more detailed discussion of this risk factor on page 12 of this prospectus.</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
  light of recent events indicating greater oversight by the CAC, over data security, we are subject to a variety of laws and other obligations
  regarding cybersecurity and data protection, and any failure to comply with applicable laws and obligations could have a material and
  adverse effect on our business, our listing on NYSE, financial condition and results of operations. See more detailed discussion of this
  risk factor on page 12 of this prospectus.</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Uncertainties
  in the interpretation and enforcement of PRC laws, rules and regulations and that the enforcement of laws and that rules and regulations
  in China can change quickly with little advance notice could materially adversely affect our business. See more detailed discussion of
  this risk factor on page 12 of this prospectus.</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  PRC operating entity must conduct its business activities substantially subject to PRC laws, regulations and administration. If the Chinese
  government significantly regulates our operating entity&rsquo;s business operations in the future and it is not able to substantially
  comply with such regulations, our operating entity&rsquo;s business operations may be materially adversely affected, and the value of
  our Class A ordinary shares may significantly decrease. See more detailed discussion of this risk factor on page 12 of this prospectus.</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PRC
  regulations relating to investments in offshore companies by PRC residents may subject PRC-resident beneficial owners or the PRC subsidiaries
  to liability or penalties, limit our ability to inject capital into our PRC subsidiaries or limit the PRC subsidiaries&rsquo; ability
  to increase their registered capital or distribute profits to it, or may otherwise adversely affect us. See more detailed discussion
  of this risk factor on page 12 of this prospectus.</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Governmental
  management of currency conversion may limit our ability to utilize our net revenue effectively and our ability to transfer cash between
  our PRC subsidiaries and us, across borders, and to investors and affect the value of your investment. See more detailed discussion of
  this risk factor on page 12 of this prospectus.</FONT></TD>
  </TR></TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fluctuations
  in the value of the Renminbi may materially adversely affect your investment. See more detailed discussion of this risk factor on page
  12 of this prospectus.</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Although
  the audit report included in this prospectus is prepared by an auditor who are currently inspected by the PCAOB, there is no guarantee
  that future audit reports will be prepared by auditors inspected by the PCAOB and, as such, in the future investors may be deprived of
  the benefits of such inspection. Furthermore, trading in our securities may be prohibited under the HFCA Act if the SEC subsequently
  determines our audit work is performed by auditors that the PCAOB is unable to inspect or investigate completely, and as a result, U.S.
  national securities exchanges, such as NYSE, may determine to delist our securities. Furthermore, on December 29, 2022, the Consolidated
  Appropriations Act, was signed into law by President Biden. The Consolidated Appropriations Act contained, among other things, an identical
  provision to AHFCA ACT, which reduce the number of consecutive non-inspection years required for triggering the prohibitions under the
  HFCA Act from three years to two. See more detailed discussion of this risk factor on page 12 of this prospectus.</FONT></TD>
  </TR></TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  </DIV>
  
  <P STYLE="margin: 0"></P>
  
  <P STYLE="margin: 0"></P>
  
  <!-- Field: Page; Sequence: 9; Value: 1 -->
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  <DIV STYLE="padding: 5pt; border: Black 1.5pt solid">
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Failure to comply with
                                                                                                                                                                          laws and regulations applicable to our business could subject us to fines and penalties and could also cause us to lose customers or
                                                                                                                                                                          otherwise harm our business. See more detailed discussion of this risk factor on page 12 of this prospectus.</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
  we cease to qualify as a foreign private issuer, we would be required to comply fully with the reporting requirements of the Exchange
  Act applicable to U.S. domestic issuers, and we would incur significant additional legal, accounting and other expenses that we would
  not incur as a foreign private issuer. See more detailed discussion of this risk factor on page 12 of this prospectus.</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  may fail to obtain, maintain and update licenses and permits necessary to conduct our operations in the PRC, and our business may be
  materially and adversely affected as a result of any changes in the laws and regulations governing the VATS industry in the PRC. See
  more detailed discussion of this risk factor on page 12 of this prospectus.</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  may rely principally on dividends and other distributions on equity paid by our PRC subsidiaries to fund any cash and financing requirements
  we may have, and any limitation on the ability of our PRC subsidiaries to pay dividends to us could have a material adverse effect on
  our ability to conduct our business. See more detailed discussion of this risk factor on page 12 of this prospectus.</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We may be required to
                                                                                                                                                                          obtain additional licenses in relation to our ongoing business operations and may be subject to penalties for failing to obtain
                                                                                                                                                                          certain licenses with respect to our past operations. See more detailed discussion of this risk factor on page 12 of this
                                                                                                                                                                          prospectus.</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  reinforcement by China regulatory authority on supervision or law enforcement on offerings that are conducted overseas and/or foreign
  investment in China-based issuers, which could limit or hinder our ability to offer or continue to offer securities to investors and
  cause the value of such securities to significantly decline. See more detailed discussion of this risk factor on page 12 of this prospectus.</FONT></TD>
  </TR></TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B>&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>The Holding Foreign Companies Accountable Act</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the Holding Foreign Companies Accountable
  Act, or the HFCA ACT, if the SEC determines that we have filed audit reports issued by a registered public accounting firm that has not
  been subject to inspections by the PCAOB for two consecutive years, the SEC will prohibit our shares or ADSs from being traded on a national
  securities exchange or in the over-the-counter trading market in the United States. On December 16, 2021, the PCAOB issued a report to
  notify the SEC of its determination that the PCAOB was unable to inspect or investigate completely registered public accounting firms
  headquartered in mainland China and Hong Kong. On December 15, 2022, the PCAOB issued a report that vacated its December 16, 2021 determination
  and removed mainland China and Hong Kong from the list of jurisdictions where it is unable to inspect or investigate completely registered
  public accounting firms. Each year, the PCAOB will determine whether it can inspect and investigate completely audit firms in mainland
  China and Hong Kong, among other jurisdictions. Our auditor, Audit Alliance, the independent registered public accounting firm that issues
  the audit report included in this prospectus, as an auditor of companies that are traded publicly in the United States and a firm registered
  with the PCAOB, is subject to the PCAOB&rsquo;s regular inspections. Audit Alliance is headquartered in Singapore and is not subject to
  the determinations announced by the PCAOB on December 16, 2021. However, recent developments with respect to audits of China-based companies
  create uncertainty about the ability of our PRC subsidiaries to fully cooperate with Audit Alliance&rsquo;s audit without the approval
  of the Chinese authorities. In the event it is later determined that the PCAOB is unable to inspect or investigate completely our auditor,
  then such lack of inspection could cause trading in our securities to be prohibited under the HFCA Act, and ultimately result in a determination
  by a securities exchange to delist our securities. See &ldquo;Risk Factors&mdash;Risks Related to Doing Business in China&mdash;Although
  the audit report included in this prospectus is prepared by an auditor who are currently inspected by the PCAOB, there is no guarantee
  that future audit reports will be prepared by auditors inspected by the PCAOB and, as such, in the future investors may be deprived of
  the benefits of such inspection. Furthermore, trading in our securities may be prohibited under the HFCA Act if the SEC subsequently determines
  our audit work is performed by auditors that the PCAOB is unable to inspect or investigate completely, and as a result, U.S. national
  securities exchanges, such as NYSE, may determine to delist our securities. Furthermore, on December 29, 2022, the Consolidated Appropriations
  Act, was signed into law by President Biden. The Consolidated Appropriations Act contained, among other things, an identical provision
  to the Accelerating Holding Foreign Companies Accountable Act (&ldquo;AHFCA ACT&rdquo;), which reduce the number of consecutive non-inspection
  years required for triggering the prohibitions under the HFCA Act from three years to two.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PRC Regulatory Matters</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We conduct our business primarily through our
  PRC subsidiaries and a subsidiary in India. Our operations in China are governed by PRC laws and regulations. As of the date of this prospectus,
  our PRC subsidiaries and we have obtained all necessary licenses from the PRC government authorities that are required for our business
  operations under current PRC laws, regulations and rules, and such licenses, permits, and registrations have not been denied by any PRC
  government authorities. Additionally, as of the date of this prospectus, none of the Company or any our subsidiaries has been requested
  to, applied for, received or been denied approval from any Chinese authorities to list securities on the NYSE, nor received any inquiry,
  notice, warning or sanctions regarding this offering from the China Securities Regulatory Commission, or the CSRC, or any other Chinese
  regulatory authorities. We believe that we and our subsidiaries are not required to obtain permission from Chinese authorities to issue
  these securities to foreign investors based on the PRC laws, regulations and rules currently in effect.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  </DIV>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
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  <DIV STYLE="padding: 5pt; border: Black 1.5pt solid">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>CAC Approval</I></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 6, 2021, the General Office of the Central
  Committee of the Communist Party of China and the General Office of the State Council jointly issued the Opinions on Severely Cracking
  Down on Illegal Securities Activities According to Law (the &ldquo;Opinions&rdquo;). The Opinions stressed the need to strengthen the
  administration over illegal securities activities and the supervision over overseas listings by Chinese companies. Effective measures,
  such as promoting the construction of relevant regulatory systems, will be taken to deal with the risks and incidents of China-related
  overseas listed companies.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On November 14, 2021, the CAC promulgated the
  draft Regulations on the Administration of Cyber Data Security (Draft for Comments) (the &ldquo;Draft CAC Regulation&rdquo;), which has
  not yet become effective. The Draft CAC Regulation provides that data processors that conduct the following activities must apply for
  cybersecurity review: (1) merger, reorganization or spin-off of Internet platform operators holding a large amount of data resources related
  to national security, economic development or public interests, which may have an adverse effect on national security; (2) data processors
  intending to list their securities on a foreign stock exchange that handle personal information of more than one million people; (3) data
  processors intending to list their securities on a stock exchange in Hong Kong which may have an adverse effect on national security;
  and (4) other data processing activities that may have an adverse effect on national security.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 28, 2021, the CAC, jointly with 12
  other governmental authorities, promulgated the revised Cybersecurity Review Measures (2021), which became effective on February 15, 2022.
  According to the Cybersecurity Review Measures (2021), critical information infrastructure operators that intend to purchase internet
  products and services which may have an adverse effect on national security must apply for cybersecurity review. Meanwhile, online platform
  operators holding personal information of over one million users that intend to list their securities on a foreign stock exchange must
  apply for cybersecurity review. In the meantime, the governmental authorities have the discretion to initiate a cybersecurity review on
  any data processing activity if they deem such a data processing activity affects or may affect national security. The specific implementation
  rules on cybersecurity review are subject to further clarification by subsequent regulations.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 7, 2022, the CAC promulgated the Measures
  for the Security Assessment of Cross-Border Transfer of Data, which took effect on September 1, 2022. These measures aim to regulate cross-border
  transfers of data, requiring among other things, that data processors that provide data to overseas apply to CAC for security assessments
  if: (1) data processors provide important data to overseas parties; (2) critical information infrastructure operators and data processors
  process personal information of more than one million individuals provide personal information to overseas parties; (3) data processors
  that have cumulatively provided personal information of 100,000 people or sensitive personal information of 10,000 people to overseas
  parties since January 1 of the previous year, provide personal information to overseas parties; and (4) other scenarios required by the
  CAC to apply for security assessments are met. In addition, these measures require data processors to carry out self-assessments of risks
  of providing data to overseas parties before applying to the CAC for security assessments.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of the date of this prospectus, we have not
  received 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&rsquo; personal information and do not anticipate
  to collect over one million users&rsquo; personal information in the foreseeable future.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>CSRC Filing</I></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 &ldquo;indirect overseas offering and listing by PRC domestic companies&rdquo;
  in compliance with the principle of &ldquo;substance over form&rdquo; 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&rsquo;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&rsquo;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 list of types of issuers banned from listing or offering overseas, such as (a) issuers
  whose listing or offering overseas have been recognized by the State Council of the PRC as possible threats to national security, (b)
  issuers whose affiliates have been recently convicted of bribery and corruption, (c) issuers under ongoing criminal investigations, and
  (d) issuers under major disputes regarding equity ownership; (4) issuers&rsquo; compliance with web security, data security, and other
  national security laws and regulations; (5) issuers&rsquo; filing and reporting obligations, such as obligation to file with the CSRC
  after it submits an application for initial public offering to overseas regulators, and obligation after offering or listing overseas
  to report to the CSRC material events including change of control or voluntary or forced delisting of the issuer; and (6) the CSRC&rsquo;s
  authority to fine both issuers and their shareholders between 1 and 10 million RMB for failure to comply with the Trial Measures, including
  failure to comply with filing obligations or committing fraud and misrepresentation.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  </DIV>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  
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  <DIV STYLE="padding: 5pt; border: Black 1.5pt solid">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the currently effective PRC laws and regulations,
  we are required to make filings with the CSRC and should complete the filing within three working days after our offering of securities
  on the NYSE. In the opinion of our PRC legal counsel, Hebei Changjun Law Firm, the Selling Shareholders&rsquo; resale of the Resale Sales
  as described hereunder does not constitute a &ldquo;subsequent offering&rdquo; under the CSRC rules and hence we are not required to complete
  the filing procedures with CSRC for the Selling Shareholders&rsquo; resale. However, if we do not receive or maintain the permissions
  and approvals or complete the filing procedure in a timely manner under PRC laws and regulations, or we inadvertently conclude that such
  permissions, approvals or filings are not required, or applicable laws, regulations, or interpretations change such that we are required
  to obtain permission and approval in the future, we may be subject to investigations by competent regulators, fines or penalties, ordered
  to suspend our relevant operations and rectify any non-compliance, prohibited from engaging in relevant business or conducting any offering,
  and these risks could result in a material adverse change in our operations, limit our ability to offer or continue to offer securities
  to investors, or cause such securities to significantly decline in value or become worthless. For more detailed information, see &ldquo;Risk
  Factors&mdash;Risks Related to Doing Business in China&mdash;We may be required to obtain additional licenses in relation our ongoing
  business operations and may be subject to penalties for failing to obtain certain licenses with respect to our past operations,&rdquo;
  &ldquo;Risk Factors&mdash;Risks Related to Doing Business in China&mdash;The PRC operating entity must conduct its business activities
  substantially subject to PRC laws, regulations and administration. If the Chinese government significantly regulates our operating entity&rsquo;s
  business operations in the future and it is not able to substantially comply with such regulations, our operating entity&rsquo;s business
  operations may be materially adversely affected, and the value of our Class A ordinary shares may significantly decrease,&rdquo; and &ldquo;Risk
  Factors&mdash;Risks Related to Doing Business in China&mdash;The reinforcement by China regulatory authority on supervision or law enforcement
  on offerings that are conducted overseas and/or foreign investment in China-based issuers, which could limit or hinder our ability to
  offer or continue to offer securities to investors and cause the value of such securities to significantly decline.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Cash and Asset Flows through Our Organization</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SOS Limited is a holding company with no operations
  of its own. We conduct our operations in China primarily through our PRC subsidiaries. As a result, although other means are available
  for us to obtain financing at the holding company level, SOS Limited&rsquo;s ability to pay dividends to the shareholders and to service
  any debt it may incur may depend upon dividends paid by our PRC subsidiaries. If any of our subsidiaries incurs debt on its own behalf
  in the future, the instruments governing such debt may restrict its ability to pay dividends to SOS Limited. Under PRC laws and regulations,
  our PRC subsidiaries are subject to certain restrictions with respect to payment of dividends or other transfers of any of their net assets
  to us. Our PRC subsidiaries are permitted to pay dividends only out of their retained earnings, if any, as determined in accordance with
  PRC accounting standards and regulations. PRC laws also require a foreign-invested enterprise to set aside at least 10% of its after-tax
  profits as the statutory common reserve fund until the cumulative amount of the statutory common reserve fund reaches 50% or more of such
  enterprises&rsquo; registered capital, if any, to fund its statutory common reserves, which are not available for distribution as cash
  dividends. Remittance of dividends by a wholly foreign-owned enterprise out of mainland China is also subject to examination by the banks
  designated by the PRC State Administration of Foreign Exchange, or SAFE. These restrictions are benchmarked against the paid-up capital
  and the statutory reserve funds of our PRC subsidiaries. To the extent cash in our business is in China or in an entity in mainland China,
  the funds may not be available to fund operations or for other use outside of mainland China due to interventions in or the imposition
  of restrictions and limitations by the PRC government on our ability to transfer cash. As a result, our ability to grow, make investments
  or acquisitions that could be beneficial to our business, pay dividends, or otherwise fund and conduct our business may be materially
  and adversely affected.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  </DIV>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
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  <DIV STYLE="padding: 5pt; border: Black 1.5pt solid">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On November 2, 2022, the Company entered
  into the Disposition SPA with S International Holdings Limited, the &ldquo;Purchaser, and S International Group Limited, a British Virgin
  Islands company, and the Company&rsquo;s wholly owned subsidiary prior to the Disposition. Upon the closing of the transaction, the Company&rsquo;s
  VIE structure has been disposed. As the VIE structure has been unwound, the financial results of the former VIE and its subsidiaries are
  no longer consolidated into the Company&rsquo;s financial statements after the Closing Date. As of the date of this prospectus, our current
  corporate structure does not contain any VIE in mainland China and neither we nor our subsidiaries have intentions of establishing any
  VIEs in mainland China in the future. None of the Company&rsquo;s subsidiaries operate through VIE contracts, as of the date of this prospectus.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">For the fiscal year ended
  December 31, 2023, SOS Limited transferred nil to its subsidiaries inside China and transferred $16,379,378 to its subsidiaries outside
  China. $2,460,000 was transferred from the subsidiary named Future Digital Trade Limited of SOS Limited to SOS Limited. For the six months
  ended June 30, 2024, SOS Limited transferred $22,801,192 to its subsidiaries outside China named SOS Information Technology New York Inc.
  Since July 1, 2024 and until the date of this prospectus, SOS Limited has transferred, as intercompany borrowing, an aggregate of nil
  to its subsidiaries outside China, and SOS Information Technology New York Inc. transferred $811,448 to SOS Limited. Other than the transfers
  mentioned above, as of the date of this prospectus, SOS Limited has not made any other transfers, dividends or distributions between the
  holding company, any of its subsidiaries or to investors.&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are subject to restrictions on foreign exchange
  and our ability to transfer cash between entities, across borders, and to U.S. investors. We are also subject to restrictions and limitations
  on our ability to distribute earnings from our businesses, including subsidiaries, to our holding company and U.S. investors. Neither
  we nor any of our subsidiaries has obtained the approval from either the China Securities Regulatory Commission (the &ldquo;CSRC&rdquo;)
  or the Cyberspace Administration of China (the &ldquo;CAC&rdquo;) for any offering of our ADSs in the United States, and we do not intend
  to obtain the approval from either the CSRC or the CAC in connection with any such offering, since we do not believe, based upon advice
  of our PRC counsel, Hebei Changjun, that such approval is required for the time being. We cannot assure you, however, that regulators
  in China will not take a contrary view or will not subsequently require us to undergo the approval procedures and subject us to penalties
  for non-compliance. See &ldquo;Risk Factors &mdash; Risks Related to Doing Business in China &mdash; The approval of the CSRC, may be
  required in connection with the listing and trading of our securities under PRC rules, regulations, or policies, and, if required, we
  cannot predict whether or how soon we will be able to obtain such approval. As a result, both you and us fact uncertainty about future
  actions by the PRC government that could significantly affect our business, our listing on NYSE, financial condition and results of operations.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The following financial
  information has been prepared to illustrate the consolidated cash flows for the years ended December 31, 2023 for (i) SOS Limited; (ii)
  China SOS Limited; (iii) Qingdao SOS Investment, one of our WFOEs; (iv) the VIE; (v) Subsidiaries outside China; and (vi) Subsidiaries
  inside China. The financial information of SOS Limited has been extracted from SOS Limited&rsquo;s audited consolidated statements of
  cash flows for the year ended December 31, 2023 and the related notes, included elsewhere in this prospectus or incorporated by reference
  herein.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">SOS Limited (&ldquo;SOS&rdquo;) refers to the ultimate parent or the
  registrant, a Cayman Islands exempted company.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">China SOS Limited (&ldquo;China
  SOS&rdquo;) is a Hong Kong corporation.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Qingdao SOS Investment
  Management Co., Ltd. (&ldquo;Qingdao SOS Investment&rdquo;), a PRC corporation., one of the Company&rsquo;s WFOEs.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Qingdao SOS Industrial
  Holding Co., Ltd., the former VIE, a PRC corporation.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Subsidiaries outside
  China include Yong Bao Two Ltd. (&ldquo;YBT,&rdquo; a British Virgin Islands company), FDW Limited (&ldquo;FDW,&rdquo; a British Virgin
  Islands company), SOS Information Technology New York Inc.(&ldquo;SOSNY,&rdquo; a New York corporation), FD LLC (&ldquo;FD,&rdquo; a Nevada
  corporation), Future Technology Global Limited (&ldquo;FTHK,&rdquo; a Hong Kong corporation), Canada XX Exchange Ltd.(&ldquo;CXXE,&rdquo;
  a Canada corporation) and US XX Exchange Ltd. (&ldquo;USXXE,&rdquo; a Colorado corporation), SOS Emergency Rescue Limited (Wyoming) (&ldquo;SOSER&rdquo;,
  a Wyoming corporation), SOS Rescue Service LLC (Florida) (&ldquo;SOSRS&rdquo;, a Florida corporation&rdquo;), Future Digital Trade Limited,
  (&ldquo;FDTL&rdquo;, a Hong Kong corporation), Future Digital Trading Pte Ltd, (&ldquo;FDTP&rdquo;, A Singapore corporation).</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Subsidiaries inside China
  refers to the former VIE&rsquo;s subsidiaries, including Inner Mongolia SOS Insurance Agency Co., Ltd (&ldquo;IMSOS&rdquo;); and directly
  owned subsidiaries including SOS International Trading Co., Ltd (&ldquo;SOSINT&rdquo;), Qingdao SOS Investment LLP (&ldquo;SOSIL&rdquo;),
  Qingdao SOS Digital Technologies Ltd. (&ldquo;SOSDT&rdquo;), Common Prosperity Technology Co., Ltd. (&ldquo;SOSCP&rdquo;), SOS Ronghe
  Digital Technology Co., Ltd. (&ldquo;SOSRD&rdquo;), Weigou International Trading Co., Ltd (&ldquo;SOSWI&rdquo;), Shuyun International
  Trading Co., Ltd (&ldquo;SOSSI&rdquo;), SOS Auto Service Co., Ltd. (&ldquo;SOSAS&rdquo;), Chexiaoer Technology Co., Ltd (&ldquo;SOSCX&rdquo;)
  and Hebei S Cloud Enterprise Management Co., Ltd.</P>
  
  </DIV>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>
  
  <!-- Field: Page; Sequence: 13; Value: 1 -->
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      <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <DIV STYLE="padding: 5pt; border: Black 1.5pt solid">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">As of December 31, 2023
  and 2022, the former VIE and Subsidiaries inside China accounted for an aggregate of 37.8% and 45.1%, respectively, of consolidated total
  assets, 27.7% and 74.3% respectively, of consolidated total liabilities, and 77.0% and 98.3%, respectively, of consolidated total net
  revenues.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Condensed consolidated statement of cash flow</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(US$ thousands, except share data and per share data, or otherwise
  noted)</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
    <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="34" STYLE="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">31-Dec-24</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; font-weight: bold">Subsidiaries</TD><TD STYLE="text-align: center; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; font-weight: bold">Subsidiaries</TD><TD STYLE="text-align: center; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; font-weight: bold">Consolidation</TD><TD STYLE="text-align: center; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; font-weight: bold">Consolidation</TD><TD STYLE="text-align: center; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; font-weight: bold">SOS Ltd.</TD><TD STYLE="text-align: center; font-weight: bold">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">SOS Ltd.</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">China SOS Ltd.</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">WFOE</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">VIE</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid"><B>Outside China</B></TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid"><B>inside<BR>
   China</B></TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid"><B>Adjustments<BR>
  (a)</B></TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid"><B>Adjustments<BR>
  (b)</B></TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid"><B>Consolidated total</B></TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center">US$</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center">US$</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center">US$</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center">US$</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center">US$</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center">US$</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center">US$</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center">US$</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center">US$</TD><TD STYLE="text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1.5pt">CASH FLOWS FROM OPERATING ACTIVITIES</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 28%; text-align: left; text-indent: -0.125in; padding-left: 0.25in">Net (loss)</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">(10,451</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">(1,951</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">(10</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">715</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">(1,908</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">(13,605</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Net (loss) from discontinued operation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Net loss from continuing operation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,451</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,951</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">715</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,909</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13,606</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Adjustments to reconcile net income net cash used in operating activities:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Depreciation of property, plant and equipment</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,904</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,904</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-indent: -0.125in; padding-left: 0.125in">Depreciation of ROU</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">377</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">377</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Accretion of finance leases</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Share-based compensation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,735</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,735</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Allowance for doubtful accounts - accounts receivable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">196</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">196</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Allowance for doubtful accounts - other receivable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-1,044</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,044</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-indent: -0.125in; padding-left: 0.125in">Impairment of cryptocurrencies</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">781</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">781</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Impairment of Mining Equipment</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Inventory mark down</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,571</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,571</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Loss on acquisition</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Income from disposal of discoutinued opeations</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-indent: -0.125in; padding-left: 0.125in">Inventory</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(256</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,027</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,283</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Changes in operating assets and liabilities</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Accounts receivable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,017</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,017</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Trading Financial Assets</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Other receivables</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,245</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(483</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,970</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(72,999</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(69,267</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Inter-company account</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,909</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,875</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(24</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,019</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,779</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Amount due from related parties</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,745</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,745</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Intangible assets</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,258</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,258</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Accrued liabilities</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,306</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,306</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Tax payables</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(452</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(452</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Accounts payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(24,327</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">98</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(24,229</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Other payables</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,701</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,053</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,352</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Amount due to related parties</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,000</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(999</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Contract liabilities</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Lease liability</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-377</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(377</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Net Cash used in Operating Activities - Continuing Operations</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">438</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">441</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(34</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(32,051</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(32,353</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(63,559</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Net Cash generated from Operating Activities - Discontinued Operations</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Net cash generated from/(used in) operating activities</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">438</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">441</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(34</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(32,051</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(32,352</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(63,558</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-indent: -0.125in; padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">CASH FLOWS FROM INVESTING ACTIVITIES:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Purchase of property, equipment and equipment</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Investment in equity</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Proceed from disposals of discontiuned operations</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Net cash (used in) generated from investing activities</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-indent: -0.125in; padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">CASH FLOWS FROM FINANCING ACTIVITIES</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Proceed from share issuance, net of issuance costs</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Proceed from private equity placement, net of issuance costs</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Repayment of principle portion of lease liabilities</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-288</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(288</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Proceeds from share issuance, net of issuance costs</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,838</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,838</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Proceeds from disposal of subsidiaries</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Net cash generated from (used in) financing activities</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">24,550</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">24,550</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-indent: -0.125in; padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">EFFECT OF EXCHANGE RATES ON CASH</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,685</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,685</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-indent: -0.125in; padding-left: 0.125in">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Net increase/(decrease), effect of exchange rate changes on cash and cash equivalent</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">438</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">441</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(34</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,397</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(35,141</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(41,693</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">CASH AND CASH EQUIVALENTTS, beginning of year</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">19,447</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">156,811</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">859</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">54,990</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">47,070</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">279,177</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">CASH AND CASH EQUIVALENTTS, end of year</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">19,885</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">157,252</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">825</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">47,593</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">11,929</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">237,484</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
    </TABLE>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>
  
  </DIV>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
  
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  <DIV STYLE="padding: 5pt; border: Black 1.5pt solid">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">During the year of 2023,
  the Company completed one round of registered direct offerings on March 31, 2022, raising $18.5 million in net proceeds.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>Roll-forward of &ldquo;Investment
  in Subsidiaries of the former VIE&rdquo;&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">US$&ldquo;000&rdquo;</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 88%; font-weight: bold">Balance at January 1, 2019</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">(128</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Equity earnings of WOFE</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Equity in earnings of VIE</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,470</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Equity in earnings of VIE&rsquo;s subsidiaries</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Dividend distributed to shareholders</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Share-based compensation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Foreign currency translation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(16</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold">Balance at December 31, 2019</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,326</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Equity earnings of WOFE</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Equity in earnings of VIE</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,425</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Equity in earnings of VIE&rsquo;s subsidiaries</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(8,121</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Dividend distributed to shareholders</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Acquisition of China Rapid Finance</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,661</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Issuance of Class A Ordinary Shares and warrant</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,022</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Share-based compensation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">951</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Foreign currency translation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">874</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold">Balance at December 31, 2020</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">60,135</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Issuance of Class A Ordinary Shares and warrant</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">585,849</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Equity in earnings of WOFE</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Equity in earnings of VIE</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,157</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Equity in earnings of VIE&rsquo;s subsidiaries</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(165,860</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Dividend distributed to shareholders</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Share-based compensation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">33,153</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Foreign currency translation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,392</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold">Balance at December 31, 2021</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">517,814</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Issuance of Class A Ordinary Shares and warrant</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,463</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Equity in earnings of WOFE</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,284</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Equity in earnings of VIE</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Equity in earnings of VIE&rsquo;s subsidiaries</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(277,443</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Dividend distributed to shareholders</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Share-based compensation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,714</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Foreign currency translation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(27,497</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold">Balance at December 31, 2022</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">235,767</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Issuance of Class A Ordinary Shares and warrant</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,884</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Equity in earnings of WOFE</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11,311</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Equity in earnings of VIE</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Equity in earnings of VIE&rsquo;s subsidiaries</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32,933</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Dividend distributed to shareholders</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Share-based compensation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,264</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Foreign currency translation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,112</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold">Balance at December 31, 2023</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">277,425</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Issuance of Class A Ordinary Shares and warrant</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,838</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Equity in earnings of WOFE</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(20,255</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Equity in earnings of VIE</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Equity in earnings of VIE&rsquo;s subsidiaries</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(26,723</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Share-based compensation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,540</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Foreign currency translation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,047</TD><TD STYLE="text-align: left">)</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold">Balance at December 31, 2024</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">269,778</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
    </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  </DIV>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Recent Developments</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>March 2025 Private Placement</I></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 19, 2025, the Company entered into certain
  securities purchase agreement (the &ldquo;SPA&rdquo;) with certain &ldquo;&ldquo;non-U.S. Persons&rdquo; (the &ldquo;Purchasers&rdquo;)
  as defined in Regulation S of the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;) pursuant to which the Company
  agreed to sell an aggregate of 222,337,500 units (the &ldquo;Units&rdquo;), each Unit consisting of one Class A Ordinary Share of the
  Company, par value $0.005 per share (&ldquo;Share&rdquo;) and one warrant to purchase three Shares (&ldquo;Warrant&rdquo;) with an initial
  exercise price of $0.0398 per Share, or approximately $5.97 per American depositary share of the Company (&ldquo;ADS&rdquo;), at a price
  of $0.034666 per Unit, or approximately $5.2 per ADS unit, for an aggregate purchase price of approximately $7.7 million (the &ldquo;Offering&rdquo;).
  The Offering closed on April 9, 2025.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>2024 Change in ADS Ratio</I></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Effective November 19,
  2024, the Company changed the ratio of its ADS to Class A ordinary shares from one (1) ADS representing ten (10) Class A ordinary shares
  to one (1) ADS representing one hundred and fifty (150) Class A ordinary shares (the &ldquo;ADS Ratio Change&rdquo;). For the Company&rsquo;s
  ADS holders, the ADS Ratio Change will have the same effect as a one-for-fifteen reverse share split.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><I>Increase in Share
  Capital</I></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><I>&nbsp;</I></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">The Company
  held its 2024 annual general meeting of shareholders on August 15, 2024, pursuant to which the Company approved the increase of the Company&rsquo;s
  authorized share capital, from US$1,200,000 divided into 240,000,000 ordinary shares of par value of US$0.005 each, comprising of 196,000,000
  Class A Ordinary Shares of a par value of US$0.005 each (&ldquo;Class A Ordinary Shares&rdquo;) and 44,000,000 Class B Ordinary Shares
  of a par value of US$0.005 each (&ldquo;Class B Ordinary Shares&rdquo;), to US$50,000,000 divided into 10,000,000,000 ordinary shares
  of par value of US$0.005 each (which shall rank pari passu in all respects with the existing Class B Ordinary Shares), comprising of 9,000,000,000
  Class A Ordinary Shares of a par value of US$0.005 each and 1,000,000,000 Class B Ordinary Shares of a par value of US$0.005 each.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Implication of Being a Foreign Private Issuer</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are a foreign private issuer within the meaning
  of the rules under the Exchange Act, and as such we are exempt from certain provisions of the securities rules and regulations in the
  United States that are applicable to U.S. domestic issuers. Moreover, the information we are required to file with or furnish to the SEC
  will be less extensive and less timely compared to that required to be filed with the SEC by U.S. domestic issuers. In addition, as an
  exempted company incorporated in the Cayman Islands, we are permitted to adopt certain home country practices in relation to corporate
  governance matters that differ significantly from the NYSE Stock Market Rules. See &ldquo;Risk Factors&mdash;Risks Related to Our ADSs
  and Trading Market&mdash;We are a foreign private issuer within the meaning of the rules under the Exchange Act, and as such we are exempt
  from certain provisions applicable to U.S. domestic public companies.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Corporate Information</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our principal executive office is located at Building
  6, East Seaview Park, 298 Haijing Road, Yinzhu Street, West Coast New District, Qingdao City, Shandong Province, People&rsquo;s Republic
  of China 266400. Our telephone number is +86-532-86617117. We maintain a website at http://www.sosyun.com/ that contains information about
  our Company, and we make available free of charge through our website our annual report on Form 20-F, current reports on Form 6-K, and
  amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended,
  or the Exchange Act, as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  </DIV>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
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  <DIV STYLE="padding: 5pt; border: Black 1.5pt solid">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_004"></A>SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This prospectus and any prospectus supplement,
  and the information incorporated by reference herein may contain forward-looking statements that involve risks and uncertainties. All
  statements other than statements of historical facts are forward-looking statements. These forward-looking statements are made under the
  &ldquo;safe harbor&rdquo; provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve known and
  unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different
  from those expressed or implied by the forward-looking statements. Sections of this prospectus, any accompanying prospectus supplement
  and the documents incorporated herein and therein by reference, particularly the sections entitled &ldquo;Risk Factors,&rdquo; &ldquo;Business&rdquo;
  and &ldquo;Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations,&rdquo; among others, discuss factors
  which could adversely impact our business and financial performance.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You can identify these forward-looking statements
  by words or phrases such as &ldquo;may,&rdquo; &ldquo;will,&rdquo; &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;aim,&rdquo;
  &ldquo;estimate,&rdquo; &ldquo;intend,&rdquo; &ldquo;plan,&rdquo; &ldquo;believe,&rdquo; &ldquo;is/are likely to&rdquo; or other similar
  expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and
  financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These
  forward-looking statements include statements about:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
  continued growth of the automotive industry in mainland China;</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
  impact of the COVID-19 pandemic on the PRC economy and our operations and financial performance;</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">our
  ability to manage the expansion of our business and implement our business strategies;</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">our
  ability to maintain and develop favorable relationships with industry customers;</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">our
  ability to attract and retain automobile consumers;</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">our
  ability to compete effectively; and</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">relevant
  government policies and regulations relating to our industry.</FONT></TD>
  </TR></TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The forward-looking statements made in this prospectus
  or any prospectus supplement, or the information incorporated by reference herein relate only to events or information as of the date
  on which the statements are made in such document. Except as required by U.S. federal securities law, we undertake no obligation to update
  or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date
  on which the statements are made or to reflect the occurrence of unanticipated events. You should read this prospectus and any prospectus
  supplement, and the information incorporated by reference herein, along with any exhibits thereto, completely and with the understanding
  that our actual future results may be materially different from what we expect. Other sections of this prospectus, prospectus supplement
  and the documents incorporated by reference herein include additional factors which could adversely impact our business and financial
  performance. Moreover, we operate in an evolving environment. New risk factors emerge from time to time and it is not possible for our
  management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor,
  or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We qualify
  all of our forward-looking statements by these cautionary statements.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This prospectus and any prospectus supplement,
  and the information incorporated by reference herein may also contain estimates, projections and statistical data that we obtained from
  industry publications and reports generated by government or third-party providers of market intelligence. Although we have not independently
  verified the data, we believe that the publications and reports are reliable. However, the statistical data and estimates in these publications
  and reports are based on a number of assumptions and if any one or more of the assumptions underlying the market data are later found
  to be incorrect, actual results may differ from the projections based on these assumptions. In addition, due to the rapidly evolving nature
  of the automotive industry in mainland China, projections or estimates about our business and financial prospects involve significant
  risks and uncertainties. You should not place undue reliance on these forward-looking statements.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  </DIV>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;<B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><A NAME="a_005"></A><B>RISK FACTORS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investing in the securities involves risk. You
  should carefully consider the risk factors and uncertainties described in this section and under the heading &ldquo;Item 3. Key Information&mdash;D.
  Risk Factors&rdquo; in the Form&nbsp;20-F for the fiscal year ended December 31, 2024 (the &ldquo;2024 20-F&rdquo;), which is incorporated
  in this prospectus by reference, as updated by our subsequent filings under the Exchange Act, and, if applicable, in any accompanying
  prospectus supplement or documents incorporated by reference before investing in any of the securities that may be offered or sold pursuant
  to this prospectus. These risks and uncertainties could materially affect our business, results of operations or financial condition and
  cause the value of the securities to decline. You could lose all or part of your investment.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Risks Related to Doing Business in China</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white"><B><I>Uncertainties with respect
  to the PRC legal system could have a material adverse on us and the VIEs.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The PRC legal system
  is a civil law system based on written statutes. Unlike the common law system, prior court decisions in a civil law system may be cited
  as reference but have limited precedential value. Since 1979, newly introduced PRC laws and regulations have significantly enhanced the
  protections of interest relating to foreign investments in mainland China. However, since these laws and regulations are relatively new
  and the PRC legal system continues to evolve rapidly, the interpretations of such laws and regulations may not always be consistent, and
  enforcement of these laws and regulations involves significant uncertainties, any of which could limit the available legal protections.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">In addition, the PRC
  administrative and judicial authorities have significant discretion in interpreting, implementing or enforcing statutory rules and contractual
  terms, and it may be more difficult to predict the outcome of administrative and judicial proceedings and the level of legal protection
  we and the VIEs may enjoy in the PRC than under some more developed legal systems. Furthermore, the PRC legal system is based in part
  on government policies and internal rules (some of which are not published in a timely manner or at all) that may have retroactive effect.
  These uncertainties may affect our decisions on the policies and actions to be taken to comply with PRC laws and regulations, and may
  affect our and the VIEs&rsquo; ability to enforce our and their contractual or tort rights, respectively. In addition, the regulatory
  uncertainties may be exploited through unmerited legal actions or threats in an attempt to extract payments or benefits from us or the
  VIEs. Such uncertainties may therefore increase our and the VIEs&rsquo; operating expenses and costs, and materially and adversely affect
  our and the VIEs&rsquo; business and results of operations.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B><I>The
  PRC government may exert, at any time, substantial intervention and influence over the manner of our operations, and the rules and regulations
  to which we are subject, including the ways they are enforced, may change rapidly and with little advance notice to us or our shareholders.
  Any such actions by the Chinese government, including any decision to intervene or influence the operations of our subsidiaries in mainland
  China or the VIEs or to exert control over any offering of securities conducted overseas and/or foreign investment in China-based issuers,
  may cause us to make material changes to the operations of our subsidiaries in mainland China or the VIEs, may limit or completely hinder
  our ability to offer or continue to offer securities to investors, and may cause the value of such securities to significantly decline
  or be worthless.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">The ability
  of our subsidiaries and the VIEs to operate in mainland China may be impaired by changes in its laws and regulations, including those
  relating to value-added telecommunications service industry, taxation, foreign investment limitations, and other matters.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The PRC government may
  exert, at any time, substantial intervention and influence over the manner of our operations, and the rules and regulations to which we
  are subject, including the ways they are enforced, may change rapidly and with little advance notice to us or our shareholders. Recently,
  the PRC government initiated a series of regulatory actions and statements to regulate business operations in China with little advance
  notice, including cracking down on illegal activities in the securities market, enhancing supervision over China-based companies listed
  overseas, and adopting new measures to extend the scope of cybersecurity reviews and new laws and regulations relating to data security.
  The PRC government may impose new, stricter regulations or interpretations of existing regulations that would require additional expenditures
  and efforts on our part to ensure our subsidiaries in mainland China and the VIEs&rsquo; compliance with such regulations or interpretations.
  As such, our subsidiaries in mainland China and the VIEs may be subject to various government actions and regulatory interference in the
  provinces in which they operate. They could be subject to regulation by various political and regulatory entities, including various local
  and municipal agencies and government sub-divisions. They may incur increased costs necessary to comply with existing and newly adopted
  laws and regulations or penalties for any failure to comply.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Furthermore, it is uncertain
  when and whether we will be required to obtain permission from the PRC government to maintain our listing status on U.S. exchanges in
  the future, and even when such permission is obtained, whether it will be later denied or rescinded. On December 24, 2021, the CSRC issued
  the Provisions of the State Council on the Administration of Overseas Securities Offering and Listing by Domestic Companies (Draft for
  Comments) and the Administrative Measures for the Filing of Overseas Securities Offering and Listing by Domestic Companies (Draft for
  Comments) (collectively, the &ldquo;Draft Overseas Listing Regulations&rdquo;), which propose to require companies in mainland China and
  their overseas special purpose vehicles that seek to offer and list in overseas markets to file with the CSRC and meet compliance rules
  for their listing. As advised by our PRC counsel, under existing applicable PRC laws, regulations and regulatory rules, our company, our
  WFOEs, the VIEs and their subsidiaries, are not required to obtain permission from the CSRC in connection with any such offering. In addition,
  none of them has received any notice of denial of permission to list on a U.S. exchange from any Chinese authorities. However, we cannot
  assure you that the relevant PRC government agencies, including the CSRC, would reach the same conclusion as our PRC counsel does. If
  the CSRC or any other PRC regulatory body subsequently determines that we need to file with the CSRC or obtain the CSRC&rsquo;s approval
  to maintain our listing status on U.S. exchanges or for the offering of securities by us under this prospectus or if the CSRC or any other
  PRC government authorities promulgates any interpretation or implements rules that would require us to file with or obtain approvals of
  the CSRC or other governmental bodies for any such listing status or offering, we may face adverse actions that could have a material
  and adverse effect on our business, reputation, financial condition, results of operations, prospects, as well as the trading price of
  the ADSs.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Accordingly, government actions in the future,
  including any decision to intervene or influence the operations of our subsidiaries in mainland China or the VIEs at any time, or to exert
  control over an offering of securities conducted overseas and/or foreign investment in China-based issuers, may cause us to make material
  changes to the operations of our subsidiaries in mainland China or the VIEs, may limit or completely hinder our ability to offer or continue
  to offer securities to investors, and/or may cause the value of such securities to significantly decline or be worthless. We or the VIEs
  have not received any inquiry, notice, warning, or sanctions regarding our corporate structure, contractual arrangements, the VIEs&rsquo;
  operations and the offering that we may make under this prospectus from the CSRC, CAC or any other PRC government authorities.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B><I>The
  approval of and the filing with the CSRC or other PRC government authorities may be required in connection with an offshore offering under
  PRC law, and, if required, we cannot predict whether or for how long we will be able to obtain such approval or complete such filing.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The Regulations on Mergers
  and Acquisitions of Domestic Companies by Foreign Investors (the &ldquo;M&amp;A Rules&rdquo;), adopted by six PRC regulatory agencies
  in 2006 and amended in 2009, include, among other things, provisions that purport to require that an offshore special purpose vehicle,
  formed for the purpose of an overseas listing of securities through acquisitions of domestic enterprises in mainland China or assets and
  controlled by enterprises or individuals in mainland China, to obtain the approval of the CSRC prior to the listing and trading of such
  special purpose vehicle&rsquo;s securities on an overseas stock exchange. On September 21, 2006, pursuant to the M&amp;A Rules and other
  PRC laws, the CSRC published on its official website relevant guidance regarding its approval of the listing and trading of special purpose
  vehicles&rsquo; securities on overseas stock exchanges, including a list of application materials. However, substantial uncertainty remains
  regarding the scope and applicability of the M&amp;A Rules to offshore special purpose vehicles. We completed our initial public offering
  on November 23, 2018. If the CSRC approval is required for any of the subsequent offshore offering or to maintain our offshore listing
  status on U.S. exchanges, it is uncertain whether we can or how long it will take us to obtain the approval and, even if we obtain such
  CSRC approval, the approval could be rescinded. Any failure to obtain or delay in obtaining the CSRC approval for any of our offshore
  offerings, or a rescission of such approval if obtained, may subject us to sanctions imposed by the CSRC or other PRC regulatory authorities,
  which may materially and adversely affect our business, financial condition, and results of operations.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">On July 6, 2021, the
  relevant PRC government authorities issued Opinions on Strictly Cracking Down Illegal Securities Activities in accordance with the Law.
  These opinions emphasized the need to strengthen the administration over illegal securities activities and the supervision on overseas
  listings by China-based companies and proposed to take effective measures, such as promoting the construction of relevant regulatory systems
  to deal with the risks and incidents faced by China-based overseas-listed companies. These opinions and any related implementation rules
  to be enacted may subject us to additional compliance requirement in the future. As these opinions were recently issued, official guidance
  to act upon and the interpretation thereof remain unclear at this time. We cannot assure that we will remain fully compliant with all
  new regulatory requirements of these opinions or any future implementation rules on a timely basis, or at all. On December 24, 2021, the
  CSRC issued the Draft Overseas Listing Regulations, which propose to establish a new filing-based regime to regulate overseas offerings
  and listings by domestic companies. Specifically, an overseas offering and listing by a company in mainland China, whether directly or
  indirectly, an initial or follow-on offering, must be filed with the CSRC. The examination and determination of an indirect offering and
  listing will be conducted on a substance-over-form basis, and an offering and listing shall be deemed as an indirect overseas offering
  and listing of a company in mainland China if the issuer meets the following conditions: (1) any of the operating income, gross profit,
  total assets, or net assets of the enterprise in mainland China in the most recent fiscal year was more than 50% of the relevant line
  item in the issuer&rsquo;s audited consolidated financial statement for that year; and (2) senior management personnel responsible for
  business operations and management are mostly citizens of mainland China or have domicile in mainland China, and the principal place of
  business is in mainland China or main business activities are carried out in mainland China. The issuer or its affiliated entity in mainland
  China, as the case may be, shall file with the CSRC for its initial public offering, follow-on offering and other equivalent offering
  activities. Particularly, the issuer shall submit the filing with respect to its initial public offering and listing within three business
  days after its initial filing of the listing application, and submit the filing with respect to its follow-on offering within three business
  days after the completion of the follow-on offering. Failure to comply with the filing requirements may result in fines to the relevant
  companies in mainland China, suspension of their businesses, revocation of their business licenses and operation permits and fines on
  the controlling shareholder and other responsible persons. The Draft Overseas Listing Regulations also set forth certain regulatory red
  lines for overseas offerings and listings by enterprises in mainland China.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">There are substantial
  uncertainties as to whether these draft measures to regulate direct or indirect overseas offering and listing would be further amended
  or updated, their enactment timetable and final content. In a Q&amp;A released on CSRC&rsquo;s official website on December 24, 2021,
  the respondent CSRC official indicated that the proposed new filing requirement will start with new issuers and listed companies seeking
  follow-on financing and other financing activities. As for the filings for other listed companies, the regulator will grant adequate transition
  period and apply separate arrangements. The Q&amp;A also pointed out that, if compliant with relevant PRC laws and regulations, companies
  with compliant VIE structure may seek overseas listing after completion of the CSRC filings. Nevertheless, the Q&amp;A did not specify
  what would qualify as a &ldquo;compliant VIE structure&rdquo; and what relevant PRC laws and regulations are required to be complied with.
  As advised by our PRC counsel, under existing applicable PRC laws, regulations and regulatory rules, our company, our WFOEs, the VIEs
  and their subsidiaries, are not required to obtain permission from the CSRC in connection with any such offering. In addition, none of
  them has received any notice of denial of permission to list on a U.S. exchange from any Chinese authorities. However, we cannot assure
  you that the relevant PRC government agencies, including the CSRC, would reach the same conclusion as our PRC counsel does. Given the
  substantial uncertainties surrounding the latest CSRC filing requirements at this stage, we cannot assure you that, if ever required,
  we would be able to complete the filings and fully comply with the relevant new rules on a timely basis, or at all.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">On December 27, 2021,
  the NDRC and MOFCOM jointly issued the Negative List (2021 Version), which became effective on January 1, 2022. Pursuant to the Negative
  List (2021 Version), if a company in mainland China engaging in the prohibited business stipulated in the Negative List (2021 Version)
  seeks an overseas offering and listing, it shall obtain the approval from the competent governmental authorities. The foreign investors
  of the issuer shall not be involved in the company&rsquo;s operation and management, and their shareholding percentages shall be subject,
  mutatis mutandis, to the relevant regulations on the domestic securities investments by foreign investors. As the 2021 Negative List is
  relatively new, there remain substantial uncertainties as to the interpretation and implementation of these new requirements, and it is
  unclear as to whether and to what extent listed companies like us will be subject to these new requirements. If we are required to comply
  with these requirements and fail to do so on a timely basis, if at all, our business operation, financial condition and business prospect
  may be adversely and materially affected.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">On April
  2, 2022, the CSRC published the Provisions on Strengthening the Confidentiality and Archives Administration Related to the Overseas Securities
  Offering and Listing by Domestic Enterprises (Draft for Comments) (the &ldquo;Draft Provisions on Confidentiality and Archives Administration&rdquo;),
  which was open for public comments until April 17, 2022. The Draft Provisions on Confidentiality and Archives Administration requires
  that, in the process of overseas issuance and listing of securities by domestic entities, the domestic entities, and securities companies
  and securities service institutions that provide relevant securities service shall strictly implement the provisions of relevant laws
  and regulations and the requirements of these provisions, establish and improve rules on confidentiality and archives administration.
  Where the domestic entities provide with or publicly disclose documents, materials or other items related to the state secrets and government
  work secrets to the relevant securities companies, securities service institutions, overseas regulatory authorities, or other entities
  or individuals, the companies shall apply for approval of competent departments with the authority of examination and approval in accordance
  with law and report the matter to the secrecy administrative departments at the same level for record filing. Where there is unclear or
  controversial whether or not the concerned materials are related to state secrets, the materials shall be reported to the relevant secrecy
  administrative departments for determination. However, the Draft Provisions on Confidentiality and Archives Administration have not yet
  been settled or become effective, and there remain uncertainties regarding the further interpretation and implementation of the Draft
  Provisions on Confidentiality and Archives Administration.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">In addition, we cannot
  assure you that any new rules or regulations promulgated in the future will not impose additional requirements on us. If it is determined
  in the future that approval and filing from the CSRC or other regulatory authorities or other procedures, including the cybersecurity
  review under the Measures for Cybersecurity Review and the annual data security review under the Administrative Measures for Internet
  Data Security (Draft for Comments), are required for our offshore offerings, it is uncertain whether we can or how long it will take us
  to obtain such approval or complete such filing procedures and any such approval or filing could be rescinded or rejected. For details,
  see &ldquo;&mdash; Failure to comply with governmental regulations and other legal obligations concerning data protection and cybersecurity
  may materially and adversely affect our business.&rdquo; As of the date of this prospectus, we have not received any inquiry or notice
  or any objection to this offering from the CSRC, the CAC or any other PRC governmental authorities that have jurisdiction over our operations.
  However, given the current regulatory environment in mainland China, there remains uncertainty regarding the interpretation and enforcement
  of PRC laws, which can change quickly with little notice in advance and subject to any future actions within the discretion of PRC authorities.
  Any failure to obtain or delay in obtaining such approval or completing such filing procedures for our offshore offerings, or a rescission
  of any such approval or filing if obtained by us, may subject us to sanctions by the CSRC or other PRC regulatory authorities, which could
  materially and adversely affect our business, results of operations, financial condition and prospects, as well as the trading price of
  our listed securities. The CSRC or other PRC regulatory authorities also may take actions requiring us, or making it advisable for us,
  to halt our offshore offerings before settlement and delivery of the shares offered. Consequently, if investors engage in market trading
  or other activities in anticipation of and prior to settlement and delivery, they do so at the risk that settlement and delivery may not
  occur. In addition, if the CSRC or other regulatory authorities later promulgate new rules or explanations requiring that we obtain their
  approvals or accomplish the required filing or other regulatory procedures for our prior offshore offerings, we may be unable to obtain
  a waiver of such approval requirements, if and when procedures are established to obtain such a waiver. Any uncertainties or negative
  publicity regarding such approval requirement could materially and adversely affect our business, prospects, financial condition, reputation,
  and the trading price of our listed securities.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B><I>Failure to comply
  with governmental regulations and other legal obligations concerning data protection and cybersecurity may materially and adversely affect
  our business.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">We and the VIEs are subject
  to PRC laws and regulations governing the collecting, storing, sharing, using, processing, disclosure and protection of data on the internet
  and mobile platforms as well as cybersecurity. The PRC regulators, including the MIIT and the CAC, have been increasingly focused on regulation
  in the areas of cybersecurity and data protection and governmental authorities have enacted a series of laws and regulations to enhance
  the protection of privacy and data, which require certain authorization or consent from users prior to collection, use or disclosure of
  their personal data and also protection of the security of the personal data of such users. The MIIT issued the Order for the Protection
  of Telecommunications and Internet User Personal Information on July 16, 2013, requiring internet service providers to establish and publish
  protocols relating to the collection or use of personal information, keep any collected information strictly confidential and take technological
  and other measures to maintain the security of such information. Institutions and their employees are prohibited from selling or otherwise
  illegally disclosing a person&rsquo;s personal information obtained during the course of performing duties or providing services. Pursuant
  to the PRC Cybersecurity Law, effective on June 1, 2017, network operators are required to fulfill certain obligations to safeguard cyber
  security and enhance network information management. See &ldquo;Item 4. Information on the Company &mdash; B. Business Overview &mdash;
  Regulations &mdash; Regulations relating to internet information security and privacy protection&rdquo; of the 2023 Form 20-F.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Moreover, existing PRC
  privacy, cybersecurity and data protection-related laws and regulations are evolving and subject to potentially differing interpretations,
  and various legislative and regulatory bodies may expand current or enact new laws and regulations regarding privacy, cybersecurity and
  data protection-related matters. These developments could adversely affect our and the VIEs&rsquo; business, operating results and financial
  condition. Any failure or perceived failure by us or the VIEs to comply with new or existing PRC privacy, cybersecurity or data protection
  laws, regulations, policies, industry standards or legal obligations, or any systems failure or security incident that results in the
  unauthorized access to, or acquisition, release or transfer of, personally identifiable information or other data relating to customers
  or individuals may result in governmental investigations, inquiries, enforcement actions and prosecutions, private claims and litigation,
  fines and penalties, adverse publicity or potential loss of business. For example, on June 10, 2021, the Standing Committee of the National
  People&rsquo;s Congress (the &ldquo;Standing Committee of the NPC&rdquo;), promulgated the PRC Data Security Law, which took effect in
  September 2021. The PRC Data Security Law provides for data security obligations on entities and individuals carrying out data activities.
  The PRC Data Security Law also introduces a national security review procedure for those data activities which may affect national security
  and imposes export restrictions on certain data information. Furthermore, along with the promulgation of the Opinions on Strictly Cracking
  Down Illegal Securities Activities in accordance with the Law, overseas-listed China-based companies are experiencing a heightened scrutiny
  over their compliance with laws and regulations regarding data security, cross-border data flow and management of confidential information
  from PRC regulatory authorities.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">On August 20, 2021, the
  Standing Committee of the NPC issued the Personal Information Protection Law, which has been effective from November 1, 2021 and reiterates
  the circumstances under which a personal information processor could process personal information and the requirements for such circumstances.
  The Personal Information Protection Law clarifies the scope of application, the definition of personal information and sensitive personal
  information, the legal basis of personal information processing and the basic requirements of notice and consent.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">On October 29, 2021,
  the CAC publicly solicited opinions on the Measures for the Security Assessment of Data Cross-border Transfer (Draft for Comments), which
  requires that any data processor who provides to an overseas recipient important data collected and generated during operations within
  the territory of the PRC or personal information that should be subject to security assessment shall conduct security assessment. The
  Measures for the Security Assessment of Data Cross-border Transfer was adopted on July 7, 2022 and will take effect on September 1, 2022.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">On November 14, 2021,
  the CAC publicly solicited opinions on the Administrative Measures for Internet Data Security (Draft for Comments) (the &ldquo;Draft Measures
  for Internet Data Security&rdquo;), which requires that data processors processing &ldquo;important data&rdquo; or listed overseas shall
  conduct an annual data security assessment by itself or commission a data security service provider to do so and submit the assessment
  report for the preceding year to the municipal cybersecurity department by the end of January each year. As of the date of this prospectus,
  the Draft Measures for Internet Data Security has not been formally adopted. However, if the Draft Measures for Internet Data Security
  were to be enacted in the current form, we, as an overseas listed company, will be required to conduct an annual data security review
  and comply with the relevant reporting obligations. Furthermore, according to the Draft Measures for Internet Data Security, data processors
  shall, in accordance with relevant state provisions, apply for cyber security review when carrying out the following activities: (1) the
  merger, reorganization or separation of internet platform operators that have acquired a large number of data resources related to national
  security, economic development or public interests, which affects or may affect national security, (2) data processors that handle the
  personal information of more than one million people intends to be listed abroad, (3) the data processor intends to be listed in Hong
  Kong, which affects or may affect national security, and (4) other data processing activities that affect or may affect national security.
  It remains uncertain whether the requirement of cybersecurity review applies to follow-on offerings by an overseas-listed online platform
  operator that possesses personal data of more than one million users. We completed our initial public offering on November 23, 2018, and
  the ADSs have been listed on Nasdaq Capital Market since November 2018. Considering the substantial uncertainties existing with respect
  to the enactment timetable, final content, interpretation and implementation of the Draft Measures for Internet Data Security, in particular
  with respect to the explanation or interpretation for &ldquo;affects or may affect national security,&rdquo; there remain uncertainties
  as to whether our data processing activities may be deemed to affect national security, thus subjecting us to a cybersecurity review.
  As of the date of this prospectus, we have not received any formal notice from any cybersecurity regulator that we shall be subject to
  a cybersecurity review.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">On December 28, 2021,
  the CAC and 12 other government authorities published the Measures for Cybersecurity Review, which took effect on February 15, 2022. The
  Measures for Cybersecurity Review provides that certain operators of critical information infrastructure purchasing internet products
  and services or network platform operators carrying out data processing activities, which affect or may affect national security, must
  apply with the Cybersecurity Review Office for a cybersecurity review. On July 30, 2021, the State Council promulgated the Regulations
  on Protection of Critical Information Infrastructure, which became effective on September 1, 2021. Pursuant to the Regulations on Protection
  of Critical Information Infrastructure, critical information infrastructure shall mean any important network facilities or information
  systems of an important industry or field, such as public communication and information service, energy, communications, water conservation,
  finance, public services, e-government affairs and national defense science, and any other important network facilities or information
  system which may endanger national security, people&rsquo;s livelihoods and public interest in the event of damage, function loss or data
  leakage. In addition, relevant administrative departments of each critical industry and sector, shall be responsible to formulate eligibility
  criteria and determine the critical information infrastructure operator in the respective industry or sector. The operators shall be informed
  about the final determination as to whether they are categorized as critical information infrastructure operators. As of the date of this
  prospectus, the exact scope of &ldquo;critical information infrastructure operators&rdquo; under the current regulatory regime remains
  unclear, and we have not been informed that we are identified as a critical information infrastructure operator by any governmental authorities.
  Furthermore, since the Measures for Cybersecurity Review is relatively new and the determination of &ldquo;affecting national security&rdquo;
  are subject to further explanations and interpretations, there remain uncertainties as to whether our data processing activities may be
  deemed to affect national security and whether we would be required to apply for a cybersecurity review. In light of such uncertainties
  in relation to the interpretations and implementation of Measures for Cybersecurity Review, we cannot predict the impact of the Measures
  for Cybersecurity Review and will continue to closely monitor and assess the statutory developments in this regard. If we are identified
  as an operator of &ldquo;critical information infrastructure,&rdquo; we would be required to fulfill various obligations as required under
  PRC cybersecurity laws and other applicable laws for such operators of &ldquo;critical information infrastructure,&rdquo; and we may be
  subject to cybersecurity review procedure before making certain purchases of network products and services, which could lead to adverse
  impacts on our business and a diversion of time and attention of our management and our other resources. Furthermore, there can be no
  assurance that we will obtain the clearance or approval for these applications from the Cybersecurity Review Office and the relevant regulatory
  authorities in a timely manner, or at all. If we are found to be in violation of cybersecurity requirements of the PRC, the relevant governmental
  authorities may conduct investigations, levy fines, or require us to change our business practices in a manner materially adverse to our
  business. Any of these actions may disrupt our operations and adversely affect our business, results of operations and financial condition.
  Currently, the cybersecurity laws and regulations in force have not directly affected our business and operations, but in anticipation
  of the strengthened implementation of cybersecurity laws and regulations and the expansion of our business, we face potential risks if
  we are deemed as a CIIO under the Cybersecurity Law. In such case, we must fulfill certain obligations as required under the Cybersecurity
  Law and other applicable laws, including, among others, storing personal information and important data collected and produced within
  the PRC territory during our operations in mainland China, which we are already doing in our business, and we may be subject to review
  when purchasing internet products and services. As the Measures for Cybersecurity Review took effect in February 2022, we may be subject
  to review when conducting data processing activities, and may face challenges in addressing its requirements and make necessary changes
  to our internal policies and practices in data processing. As of the date of this prospectus, we have not been involved in any investigations
  on cybersecurity review made by the CAC on such basis, and we have not received any inquiry, notice, warning, or sanctions in such respect.
  Based on the foregoing, we and our PRC legal counsel do not expect that, as of the date of this prospectus, the applicable PRC laws on
  cybersecurity currently in effect would have a material adverse impact on our business.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Complying with these
  obligations concerning data protection and cybersecurity could cause us to incur substantial costs. As the interpretation and application
  of cybersecurity laws, regulations and standards of the PRC are still uncertain and evolving, we may be required to make further adjustments
  to our and the VIEs&rsquo; business practices to comply with the enacted form of the laws, which may increase our compliance cost and
  adversely affect our business performance. We expect that there will continue to be new proposed laws, rules of self-regulatory bodies,
  regulations and industry standards concerning privacy, data protection and information security in the PRC, and we cannot yet determine
  the impact such future laws, rules, regulations and standards may have on our business.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Moreover, we may not
  disclose any personal data or information, unless required by the competent PRC authorities through certain procedures required by the
  laws, for the purpose of, among others, safeguarding the national security, investigating crimes, investigating infringement of information
  network communications rights, or cooperating with the supervision and inspection of telecommunications regulatory authorities. Failure
  to comply with these requirements could subject us to fines and penalties.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B><I>Trading
  in our securities on any U.S. stock exchange and the U.S. over the counter market may be prohibited under the HFCA Act or the Accelerating
  Holding Foreign Companies Accountable Act if the SEC subsequently determines our audit work is performed by auditors that the PCAOB is
  unable to inspect or investigate completely, and as a result, U.S. national securities exchanges, such as the Nasdaq, may determine to
  delist our securities, and our securities may be prohibited from being traded over the counter.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The HFCA Act was enacted
  on December 18, 2020. The HFCA Act states if the SEC determines that we have filed audit reports issued by a registered public accounting
  firm that has not been subject to inspection by the PCAOB for three consecutive years beginning in 2021, the SEC shall prohibit our shares
  or ADSs from being traded on a national securities exchange or in the over the counter trading market in the United States.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">On March 24, 2021, the
  SEC adopted interim final rules relating to the implementation of certain disclosure and documentation requirements of the HFCA Act. A
  company will be required to comply with these rules if the SEC identifies it as having a &ldquo;non-inspection&rdquo; year under a process
  to be subsequently established by the SEC. The SEC is assessing how to implement other requirements of the HFCA Act, including the listing
  and trading prohibition requirements described above. Furthermore, on June 22, 2021, the U.S. Senate passed the Accelerating Holding Foreign
  Companies Accountable Act, which, if enacted, would amend the HFCA Act and require the SEC to prohibit an issuer&rsquo;s securities from
  trading on any U.S. stock exchanges if its auditor is not subject to PCAOB inspections for two consecutive years instead of three. On
  September 22, 2021, the PCAOB adopted a final rule implementing the HFCA Act, which provides a framework for the PCAOB to use when determining,
  as contemplated under the HFCA Act, whether the PCAOB is unable to inspect or investigate completely registered public accounting firms
  located in a foreign jurisdiction because of a position taken by one or more authorities in that jurisdiction. On December 2, 2021, the
  SEC issued amendments to finalize rules implementing the submission and disclosure requirements in the HFCA Act. The rules apply to registrants
  that the SEC identifies as having filed an annual report with an audit report issued by a registered public accounting firm that is located
  in a foreign jurisdiction and that PCAOB is unable to inspect or investigate completely because of a position taken by an authority in
  foreign jurisdictions. On December 16, 2021, the PCAOB issued a Determination Report which found that the PCAOB is unable to inspect or
  investigate completely registered public accounting firms headquartered in mainland China and Hong Kong.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Our current auditor,
  Audit Alliance LLP (&ldquo;Audit Alliance&rdquo;), the independent registered public accounting firm that issues the audit report included
  in the 2023 Form 20-F, as an auditor of companies that are traded publicly in the United States and a firm registered with the PCAOB,
  is subject to laws in the United States pursuant to which the PCAOB conducts regular inspections to assess its compliance with the applicable
  professional standards. Audit Alliance is headquartered in Singapore, and, as of the date of this prospectus, was not included in the
  list of PCAOB Identified Firms in the PCAOB Determination Report issued in December 2021. Our ability to retain an auditor subject to
  PCAOB inspection and investigation, including but not limited to inspection of the audit working papers related to us, may depend on the
  relevant positions of U.S. and Chinese regulators. Audit Alliance&rsquo;s audit working papers are kept in Singapore.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">Whether
  the PCAOB will be able to conduct inspections of our auditor, including but not limited to inspection of the audit working papers related
  to us, in the future is subject to substantial uncertainty and depends on a number of factors out of our, and our auditor&rsquo;s, control.
  If our shares and ADSs are prohibited from trading in the United States, there is no certainty that we will be able to list on a non-U.S.
  exchange or that a market for our shares will develop outside of the United States. Such a prohibition would substantially impair your
  ability to sell or purchase our ADSs when you wish to do so, and the risk and uncertainty associated with delisting would have a negative
  impact on the price of our ADSs. Also, such a prohibition would significantly affect our ability to raise capital on terms acceptable
  to us, or at all, which would have a material adverse impact on our business, financial condition, and prospects.&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B><I>There
  are difficulties in bringing actions and enforcing foreign judgments in China against us, our management or our assets.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are incorporated in the Cayman Islands, but
  most of our, our subsidiaries&rsquo; and the VIEs&rsquo; operations are conducted in mainland China and most of our, our subsidiaries&rsquo;
  and the VIEs&rsquo; assets are located in mainland China. In addition, most of our directors and officers are nationals and/or residents
  of the PRC, and all or a substantial portion of their assets are located in mainland China. As a result, it may be difficult or impossible
  for you to bring an action against us or against these individuals in the United States in the event that you believe we have violated
  your rights or have a claim against us, either under United States federal or state securities laws or otherwise. Even if you are successful
  in bringing an action of this kind, the laws of the Cayman Islands and of China may not allow you to enforce a judgment against our assets
  or the assets of our directors and officers.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It may also be difficult for our shareholders
  to effect service of process upon us or those persons in mainland China. As advised by our PRC legal counsel, China currently does not
  have treaties providing for the reciprocal recognition and enforcement of court judgments with the Cayman Islands, United States and many
  other countries and regions. Therefore, with respect to matters that are not subject to a binding arbitration provision, it may be difficult
  or impossible to recognize and enforce judgments of any of those non-PRC jurisdictions in a China court.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B><I>Our
  Hong Kong subsidiary could become subject to more influence and/or control of the PRC government if the Hong Kong legal system becomes
  more integrated into the PRC legal system.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">Hong Kong
  is currently a separate jurisdiction from mainland China. The national laws and regulations of the PRC, including but not limited to the
  Measures for Cybersecurity Review and other PRC regulations, are not applicable in Hong Kong, except for those listed in the Basic Law
  of the Hong Kong Special Administrative Region of the PRC (the &ldquo;Basic Law&rdquo;). However, such list of national laws and regulations
  that are applicable in Hong Kong can be expanded by amendment to the Basic Law. There is no assurance that (1) the Basic Law will not
  be further amended to appl more PRC laws and regulations in Hong Kong, or (2) the PRC and/or Hong Kong government will not take other
  actions to promote the integration of Hong Kong legal system into the PRC legal system. Our Hong Kong subsidiary could be subject to more
  influence and/or control of the PRC government or even direct oversight or intervention thereof if the Hong Kong legal system becomes
  more integrated into the PRC legal system. We cannot assure you that our Hong Kong subsidiary will not be exposed to the similar regulatory
  and/or policy risks and uncertainties faced by our subsidiaries in mainland China in the future.&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Neither the Securities and Exchange Commission
  nor any state securities commission has approved or disapproved these securities, or determined if this prospectus is truthful or complete.
  Any representation to the contrary is a criminal offense.</I></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_006"></A>USE OF PROCEEDS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The proceeds from the sale of the shares offered
  pursuant to this prospectus are solely for the account of the Selling Stockholder. We will not receive any of the proceeds from any sale
  of shares by the Selling Stockholder.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_007"></A><B>SELLING STOCKHOLDER</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Shares being registered by this prospectus
  consists of 58,656 Ordinary Shares held by the Selling Stockholder as of the date of this reoffer prospectus and issued to the Selling
  Stockholder pursuant to an award agreement by and between the Company and the Selling Stockholder. The award was granted to the Selling
  Stockholder as compensation to the Selling Stockholder as a Director of the Company&rsquo;s board of directors.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are registering these Shares to permit the Selling Stockholder to
  resell these Shares when he deems appropriate.&nbsp;The Selling Stockholder may resell all, a portion, or none of the Shares, at any time
  and from time to time following vesting and settlement of the restricted stock units. The Selling Stockholder may also sell, transfer
  or otherwise dispose of some or all of the Shares in transactions exempt from the registration requirements of the Securities Act of 1933,
  as amended (the &ldquo;Securities Act&rdquo;). We do not know when or in what amounts the Selling Stockholder may offer the Shares for
  sale under this prospectus. The following table sets forth: (i) the number and percentage of shares of our Ordinary Shares that the Selling
  Stockholder beneficially owned as of June 18, 2025 prior to the offering for resale of the shares under this prospectus; (ii) the number
  of shares of our Ordinary Shares that may be offered for resale for the account of the Selling Stockholder under this prospectus; and
  (iii) the number and percentage of shares of our Ordinary Shares to be beneficially owned by the Selling Stockholder after the offering
  of the resale shares (assuming all of the offered resale shares are sold by the Selling Stockholder).</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
    <TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom">
      <TD COLSPAN="6" STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">Number
      of Shares Beneficially<BR>
      Owned Prior to Offering</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">Number
      of Shares Being</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD COLSPAN="4" STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: center; font-weight: bold"><P STYLE="font-family: Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Number
                                              of Shares Beneficially</FONT></P>
                                                                                  <P STYLE="font-family: Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Owned
                                              After the Offering (1)</FONT></P></TD>
      <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
    <TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom">
      <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Number</B></FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
      <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Percent</B></FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
      <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Offered</B></FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
      <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Number</B></FONT></TD>
      <TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Percent</B></FONT></TD>
      <TD STYLE="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD></TR>
    <TR STYLE="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-family: Times New Roman, Times, Serif; width: 1%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; width: 18%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">58,656</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; width: 1%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: center; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="font-family: Times New Roman, Times, Serif; width: 1%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; width: 18%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">*</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; width: 1%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: center; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="font-family: Times New Roman, Times, Serif; width: 1%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; width: 18%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">58,656</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; width: 1%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; text-align: center; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="font-family: Times New Roman, Times, Serif; width: 1%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; width: 17%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
      <TD STYLE="font-family: Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-family: Times New Roman, Times, Serif; width: 17%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">*</FONT></TD>
      <TD STYLE="font-family: Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
    </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">*</TD><TD STYLE="text-align: justify">Less than 1%</TD>
  </TR></TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Assumes
  that all of the Shares held by the Selling Stockholder and being offered under this prospectus are sold, and that the Selling Stockholder
  will not acquire additional common shares before the completion of this offering.</FONT></TD>
  </TR></TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_008"></A><B>PLAN OF DISTRIBUTION</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The purpose of this reoffer prospectus is to allow
  the Selling Stockholder to offer for sale and sell all or a portion of his shares acquired in connection with the provision of services
  to the Company. The Selling Stockholder may sell the Shares registered pursuant to this reoffer prospectus directly to purchasers or through
  broker-dealers or agents, who may receive compensation in the form of discounts, concessions or commissions from the Selling Stockholder
  or the purchasers. These commissions as to any particular broker-dealer or agent may be in excess of those customary in the types of transactions
  involved. Neither we nor the Selling Stockholder can presently estimate the amount of this compensation.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Ordinary Shares offered under this reoffer
  prospectus may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of sale, at prices related
  to the prevailing market prices, at varying prices determined at the time of sale, or at negotiated prices. These sales may be effected
  in transactions, which may involve block transactions, on any national securities exchange on which the Company&rsquo;s Ordinary Shares may
  be then-listed.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The aggregate proceeds to the Selling Stockholder
  from the sale of the Shares will be the purchase price of the Shares less discounts and commissions, if any. The Selling Stockholder reserve
  the right to accept and, together with his agents from time to time, to reject, in whole or in part, any proposed purchase of the Shares
  to be made directly or through agents. We will not receive any of the proceeds from a sale of the Shares by the Selling Stockholder.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Selling Stockholder and any broker-dealers
  or agents that participate in the sale of the Shares may be deemed to be &ldquo;underwriters&rdquo; under the Securities Act. Any discounts,
  commissions, concessions or profit they earn on any resale of the shares may be underwriting discounts and commissions under the Securities
  Act. If the Selling Stockholder is an &ldquo;underwriter&rdquo; under the Securities Act, the Selling Stockholder will be subject to the
  prospectus delivery requirements of the Securities Act.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Shares to be offered or resold by means of
  this reoffer prospectus by the Selling Stockholder may not exceed, during any three-month period, the amount specified in Rule&nbsp;144(e)
  under the Securities Act; provided, however, that such limitation will no longer be applicable when the Company satisfies the registrant
  requirements for use of Form F-3. In addition, any securities covered by this reoffer prospectus which qualify for sale pursuant to Rule&nbsp;144
  of the Securities Act may be sold under Rule&nbsp;144 of the Securities Act rather than pursuant to this reoffer prospectus.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There can be no assurance that the Selling Stockholder
  will sell any or all of the securities offered by him hereby.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_009"></A>LEGAL MATTERS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are being represented by Hunter Taubman Fischer &amp; Li LLC with
  respect to certain legal matters as to United States federal securities and New York State law. The validity of the Class A ordinary shares
  represented by the ADSs offered in this offering will be passed upon for us by Maples and Calder (Hong Kong) LLP. Certain legal matters
  as to PRC law will be passed upon for us by Hebei Changjun Law Firm. Hunter Taubman Fischer &amp; Li LLC may rely upon Maples and Calder
  (Hong Kong) LLP with respect to matters governed by Cayman Islands law and Hebei Changjun Law Firm with respect to matters governed by
  PRC law.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_010"></A>EXPERTS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The consolidated financial statements of our company
  as of December 31, 2024 and 2023, and for each of the three years in the period ended December 31, 2024 incoporated by reference in this prospectus have
  been so included in reliance on the report of Audit Alliance LLP, an independent registered public accounting firm, given on the authority
  of said firm as experts in auditing and accounting.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The offices of Audit Alliance LLP is located
  at 20 Maxwell Road, Singapore 069113.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WHERE YOU CAN FIND MORE INFORMATION</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">We file annual, quarterly and current reports,
  proxy statements and other information with the Commission under the Exchange Act. You may read and copy any reports, statements or other
  information on file at the SEC&rsquo;s public reference facility located at 100 F Street, N.E., Washington, D.C. 20549. Please call the
  Commission at 1-800-SEC-0330 for further information regarding its public facilities. Our Commission filings, including the complete registration
  statement of which this prospectus is a part, are available to the public from commercial document retrieval services and also available
  at the internet website maintained by the Commission at&nbsp;http://www.sec.gov.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"></P>
  
  <!-- Field: Page; Sequence: 25; Value: 1 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Commission allows us to &ldquo;incorporate by reference&rdquo;
  into this prospectus the information we file with it, which means that we can disclose important information to you by referring you to
  those documents. The information incorporated by reference is an important part of this prospectus, and information that we file later
  with the Commission will automatically update and supersede this information. We incorporate by reference the documents listed below and
  any future filings made with the Commission under Sections 13(a), 13(c), 14, or 15(d) of the Securities Exchange Act of 1934 subsequent
  to the date of this registration statement until the end of any offerings under this prospectus:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following documents filed with the Securities
  and Exchange Commission (the &ldquo;Commission&rdquo;) are incorporated by reference as of their respective dates in this Registration
  Statement:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.55pt; text-align: justify; text-indent: 24.5pt">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(a)</TD><TD STYLE="text-align: justify">The Registrant&rsquo;s latest annual report on <A HREF="http://www.sec.gov/Archives/edgar/data/1346610/000121390025044183/ea0240836-20f_soslimited.htm">Form 20-F</A> for
  the year ended December 31, 2024 filed with the SEC on May 15, 2025 (File No. 001-38051) under the Securities Exchange Act of 1934, as
  amended (the &ldquo;Exchange Act&rdquo;);</TD>
  </TR></TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.55pt; text-align: justify; text-indent: 24.5pt">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(b)</TD><TD STYLE="text-align: justify">The Registrant&rsquo;s reports on Form&nbsp;6-K&nbsp;furnished
  to the Commission on <A HREF="http://www.sec.gov/Archives/edgar/data/1346610/000121390025025067/ea0234857-6k_soslimited.htm">March 19, 2025</A> and <A HREF="https://www.sec.gov/Archives/edgar/data/1346610/000121390025031075/ea023789-6k_sosltd.htm">April 11, 2025</A>; and</TD>
  </TR></TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.55pt; text-align: justify; text-indent: 24.5pt">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(c)</TD><TD STYLE="text-align: justify">The description of the Registrant&rsquo;s Class&nbsp;A Ordinary
  shares incorporated by reference in the Registrant&rsquo;s registration statement on <A HREF="http://www.sec.gov/Archives/edgar/data/1346610/000119312517108922/d296317d8a12b.htm">Form&nbsp;8-A</A>&nbsp;(File&nbsp;No.&nbsp;001-38051)&nbsp;filed
  with the Commission on April&nbsp;4, 2017, including any amendment and report subsequently filed for the purpose of updating that description.</TD>
  </TR></TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, this Registration Statement will
  incorporate by reference all other documents subsequently filed by the Registrant under Section&nbsp;13(a), 13(c), 14 and 15(d) of the
  Exchange Act prior to the filing of a post-effective amendment to this Registration Statement indicating that all securities offered have
  been sold or deregistering all securities then remaining unsold. All those documents will be considered a part of this Registration Statement
  from the respective dates the Registrant files them. Any statement in a document incorporated or deemed to be incorporated by reference
  in this Registration Statement will be deemed to be modified or superseded to the extent that a statement contained in this Registration
  Statement or in any other later filed document that also is or is deemed to be incorporated by reference modifies or supersedes the statement.
  Any statement modified or superseded will not be deemed, except as modified or superseded, to be a part of this Registration Statement.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are not incorporating by reference (i) any information furnished
  under items 2.02 or 7.01 (or corresponding information furnished under item 9.01 or included as an exhibit) in any past or future current
  report on Form 8-K or (ii) any Form S-D, that, in either case, we may file or furnish with the SEC, unless otherwise specified in such
  current report or in such form or in a particular prospectus supplement.</P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This prospectus is part of a registration statement on Form S-8 filed
  with the Commission under the Securities Act of 1933. This prospectus does not contain all of the information set forth in the registration
  statement. You should read the registration statement for further information about the Company and our Ordinary Shares.</P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Documents incorporated by reference are available from us, without
  charge, excluding all exhibits unless specifically incorporated by reference in the documents. You may obtain documents incorporated by
  reference in this prospectus by writing to us at the following address or by calling us at the telephone number listed below:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SOS Limited<BR>
  Building 6, East Seaview Park, 298 Haijing Road, Yinzhu Street</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">West Coast New District, Qingdao City, Shandong
  Province 266400</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">People&rsquo;s Republic of China</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">+86-532-86617117</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">You should rely only on the information incorporated by reference or
  provided in this prospectus or any prospectus supplement. We have not authorized anyone else to provide you with different information.
  You should not assume that the information in this prospectus or any prospectus supplement is accurate as of any date other than the date
  on the front page of those documents.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_013"></A>Part I</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_014"></A>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;1.</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Plan Information</B></FONT></P>
  
  
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The document(s) containing the information specified in Part I of the Registration Statement will be sent or given to the participants as specified by Rule 428(b)(1) under the Securities Act. Such documents are not required to be, and are not, filed with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;), either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act. These documents, and the documents incorporated by reference herein pursuant to Item 3 of Part II hereof, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.</FONT></P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;2.</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Registrant Information and Employee Plan Annual Information<SUP>*</SUP></B></FONT></P>
  
  
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The written statement required by Item 2 of Part I is included in documents that will be delivered to participants in the plans covered by this Registration Statement pursuant to Rule 428(b) under the Securities Act. In accordance with the rules and regulations of the SEC and the instructions to Form S-8, such documents are not being filed with the SEC either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.</FONT></P>
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_015"></A>Part II</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_016"></A>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;3.</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Incorporation of Documents by Reference.</B></FONT></P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt; text-indent: 0.5in">The following documents filed with the Securities
  and Exchange Commission (the &ldquo;Commission&rdquo;) are incorporated by reference as of their respective dates in this Registration
  Statement:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.55pt; text-indent: 24.5pt">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(a)</TD><TD STYLE="text-align: justify">The Registrant&rsquo;s latest annual report on Form 20-F for
  the year ended December 31, 2024 filed with the SEC on May 15, 2025 (File No. 001-38051) under the Securities Exchange Act of 1934, as
  amended (the &ldquo;Exchange Act&rdquo;);</TD>
  </TR></TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.55pt; text-indent: 24.5pt">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(b)</TD><TD STYLE="text-align: justify">The Registrant&rsquo;s reports on Form&nbsp;6-K&nbsp;furnished
  to the Commission on March 19, 2025 and April 11, 2025; and</TD>
  </TR></TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.55pt; text-indent: 24.5pt">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(c)</TD><TD STYLE="text-align: justify">The description of the Registrant&rsquo;s Class&nbsp;A Ordinary
  shares incorporated by reference in the Registrant&rsquo;s registration statement on Form&nbsp;8-A&nbsp;(File&nbsp;No.&nbsp;001-38051)&nbsp;filed
  with the Commission on April&nbsp;4, 2017, including any amendment and report subsequently filed for the purpose of updating that description.</TD>
  </TR></TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">In addition, this Registration Statement will
  incorporate by reference all other documents subsequently filed by the Registrant under Section&nbsp;13(a), 13(c), 14 and 15(d) of the
  Exchange Act prior to the filing of a post-effective amendment to this Registration Statement indicating that all securities offered
  have been sold or deregistering all securities then remaining unsold. All those documents will be considered a part of this Registration
  Statement from the respective dates the Registrant files them. Any statement in a document incorporated or deemed to be incorporated
  by reference in this Registration Statement will be deemed to be modified or superseded to the extent that a statement contained in this
  Registration Statement or in any other later filed document that also is or is deemed to be incorporated by reference modifies or supersedes
  the statement. Any statement modified or superseded will not be deemed, except as modified or superseded, to be a part of this Registration
  Statement.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;4.</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description of Securities.</B></FONT></P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 67.05pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Not applicable.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 67.05pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;5.</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Interests of Named Experts and Counsel.</B></FONT></P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 67.05pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Not applicable.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 67.05pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;6.</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Indemnification of Directors and Officers.</B></FONT></P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Cayman Islands law does not limit the extent
  to which a company&rsquo;s articles of association may provide for indemnification of officers and directors, except to the extent any
  such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil
  fraud or the consequences of committing a crime. The Registrant&rsquo;s Sixth Amended and Restated Memorandum and Articles of Association
  provide for indemnification of each of the Registrant&rsquo;s officers and directors against all actions, proceedings, costs, charges,
  expenses, losses, damages or liabilities incurred or sustained by such indemnified person, other than by reason of his or her own dishonesty,
  willful default or fraud, in or about the conduct of the Registrant&rsquo;s business or affairs (including as a result of any mistake
  or judgement) or in the execution or discharge of his or her duties, powers, authorities or discretions, including without prejudice to
  the generality of the foregoing, any costs, expenses, losses or liabilities incurred by such indemnified person in defending (whether
  successfully or otherwise) any civil proceedings concerning the Registrant or its affairs in any court whether in the Cayman Islands or
  elsewhere.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Pursuant to the form of indemnification agreement,
  which was filed as Exhibit 10.6 to the Registrant&rsquo;s registration statement on Form&nbsp;F-1,&nbsp;as amended (Registration&nbsp;No.&nbsp;333-217064),&nbsp;the
  Registrant has agreed to indemnify its directors and executive officers against certain liabilities and expenses incurred by such person
  in connection with claims made by reason of their being such a director or officer.</P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">The form of underwriting agreement, which was
  filed as Exhibit 1.1 to the Registrant&rsquo;s registration statement on Form&nbsp;F-1,&nbsp;as amended (Registration&nbsp;No.&nbsp;333-217064),&nbsp;also
  provides for indemnification by the underwriters of the Registrant and its directors and officers for certain liabilities, including liabilities
  arising under the Securities Act, but only to the extent that such liabilities are caused by information relating to the underwriters
  furnished to the Registrant in writing expressly for use in such registration statement and certain other disclosure documents.</P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Insofar as indemnification
  for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the Registrant pursuant
  to the foregoing provisions, the Registrant has been informed that in the opinion of the Commission such indemnification is against public
  policy as expressed in the Securities Act and is therefore unenforceable.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;7.</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exemption from Registration Claimed.</B></FONT></P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 67.05pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Not applicable.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 67.05pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;8.</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibits.</B></FONT></P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 67.05pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">See Exhibit Index.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 67.05pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item&nbsp;9.</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Undertakings.</B></FONT></P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">(a) The undersigned Registrant hereby undertakes:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 108.95pt">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left">(1)</TD><TD STYLE="text-align: justify">To file, during any period in which offers or sales are being
  made, a post-effective amendment to this Registration Statement:</TD>
  </TR></TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
  include any prospectus required by section 10(a)(3) of the Securities Act;</FONT></TD>
  </TR></TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%">
    <TR>
      <TD STYLE="width: 1in">&nbsp;</TD>
      <TD STYLE="vertical-align: top; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD>
      <TD STYLE="text-align: justify; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement; and</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%">
    <TR>
      <TD STYLE="width: 1in">&nbsp;</TD>
      <TD STYLE="vertical-align: top; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD>
      <TD STYLE="text-align: justify; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 108.95pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii)
  shall not apply if the information required to be included on a post-effective amendment by those paragraphs is contained in periodic
  reports filed by or furnished to the Commission by the Registrant pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Exchange Act
  that are incorporated by reference in this Registration Statement.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 108.95pt">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left">(2)</TD><TD STYLE="text-align: justify">That, for the purpose of determining any liability under the
  Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered
  therein, and the offering of such securities at that time shall be deemed to be the initial&nbsp;<I>bona fide&nbsp;</I>offering thereof.</TD>
  </TR></TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 108.95pt">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left">(3)</TD><TD STYLE="text-align: justify">To remove from registration by means of a post-effective amendment
  any of the securities being registered which remain unsold at the termination of the offering.</TD>
  </TR></TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">(b) The undersigned Registrant hereby undertakes
  that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&rsquo;s annual report pursuant
  to Section&nbsp;13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&rsquo;s annual report
  pursuant to Section&nbsp;15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to
  be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be
  deemed to be the initial&nbsp;<I>bona fide</I>&nbsp;offering thereof.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>
  
  <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">(c) Insofar as indemnification for liabilities
  arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing
  provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public
  policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
  liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the
  Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in
  connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled
  by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public
  policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_002"></A><B>SIGNATURES</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Pursuant to the requirements of the U.S. Securities
  Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for
  filing on Form&nbsp;S-8&nbsp;and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
  duly authorized, in Qingdao, People&rsquo;s Republic of China, on July 2, 2025.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOS Limited</B></FONT></TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD STYLE="width: 5%">&nbsp;</TD>
      <TD STYLE="width: 35%">&nbsp;</TD>
      <TD STYLE="width: 60%">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:&nbsp;</FONT></TD>
      <TD>
      <P STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>/s/ Yandai Wang</I></P></TD>
      <TD>&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
      <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yandai Wang</FONT></TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
      <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</FONT></TD>
      <TD>&nbsp;</TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>POWER OF ATTORNEY</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><B>KNOW ALL MEN BY THESE PRESENTS</B>&nbsp;that
  each person whose signature appears below constitutes and appoints Yandai Wang his true and lawful&nbsp;attorney-in-fact&nbsp;and agent,
  each acting alone, each with full power of substitution, for him and in his name, place and stead, in any and all capacities, to sign
  any or all amendments, including post-effective amendments, and supplements to this Registration Statement on Form&nbsp;S-8,&nbsp;and
  to file the same, with all exhibits thereto and other documents in connection therewith, with the United States Securities and Exchange
  Commission, granting unto said&nbsp;attorney(s)-in-fact&nbsp;and agent(s) full power and authority to do and perform each and every act
  and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in
  person, hereby ratifying and confirming all that said&nbsp;attorney(s)-in-fact&nbsp;and agent(s), or his substitute or substitutes, may
  lawfully do or cause to be done by virtue thereof.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Pursuant to the requirements of the Securities
  Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="vertical-align: top">
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left; width: 30%"><B>Signature</B></TD>
      <TD STYLE="padding-bottom: 1.5pt; width: 1%">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: center; width: 48%"><B>Title</B></TD>
      <TD STYLE="padding-bottom: 1.5pt; width: 1%">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: center; width: 20%"><B>Date</B></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: left">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><I>/s/ Yandai Wang</I></TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">Executive Chairman and Chief Executive Officer</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">July 2, 2025</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: left">Name: Yandai Wang</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">(principal executive officer)</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: left">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><I>/s/ Li Sing Leung</I></TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">Director and Chief Financial Officer</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">July 2, 2025</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: left">Name: Li Sing Leung</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">(principal financial and accounting officer)</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: left">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><I>/s/ Russell Krauss</I></TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">Director</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">July 2, 2025</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: left">Name: Russell Krauss</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: left">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><I>/s/ Douglas L. Brown</I></TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">Director</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">July 2, 2025</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: left">Name: Douglas L. Brown</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: left">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><I>/s/ Ronggang (Jonathan) Zhang</I></TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">Director</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">July 2, 2025</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: left">Name: Ronggang (Jonathan) Zhang</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: left">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><I>/s/ Wenbin Wu</I></TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">Director</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">July 2, 2025</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: left">Name: Wenbin Wu</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;</TD></TR>
    </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;&nbsp;</P>
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B>&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE
  UNITED STATES</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Pursuant to the Securities Act of 1933, the undersigned,
  the duly authorized representative in the United States of SOS Limited, has signed this Registration Statement or amendment thereto in
  Newark, DE on July 2, 2025.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="vertical-align: top">
      <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Authorized U.S. Representative</FONT></TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD STYLE="width: 5%">&nbsp;</TD>
      <TD STYLE="width: 35%">&nbsp;</TD>
      <TD STYLE="width: 60%">&nbsp;</TD></TR>
    <TR>
      <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom">
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ Donald J. Puglisi</P></TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
      <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Donald J. Puglisi</FONT></TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
      <TD STYLE="vertical-align: bottom">
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Managing Director</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Puglisi &amp; Associates</P></TD>
      <TD>&nbsp;</TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  
  <!-- Field: Page; Sequence: 31; Value: 1 -->
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      <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><A NAME="a_017"></A>EXHIBIT INDEX</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
    <TR STYLE="vertical-align: bottom">
      <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">Exhibit No.</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Description of Document</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; width: 9%; text-align: left">4.1**</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 90%; text-align: justify">Registrant&rsquo;s Specimen Certificate for Ordinary Shares (incorporated by reference to Exhibit 4.2 to the Registration Statement of the Registrant on Form&nbsp;F-1,&nbsp;as amended (Registration&nbsp;No.&nbsp;333-217064))</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; text-align: left">4.2</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1346610/000119312517124741/d146303dex43.htm">Form of Deposit Agreement among the Registrant, the Depositary and Beneficial Owners of the American Depositary Receipts (incorporated by reference to Exhibit 4.3 to the Registration Statement of the Registrant on Form&nbsp;F-1,&nbsp;as amended, filed on April&nbsp;14, 2017 (File&nbsp;No.&nbsp;333-217064))</A></TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; text-align: left">5.1*</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left"><A HREF="ea024771001ex5-1_soslim.htm">Opinion of Maples and Calder (Hong Kong) LLP regarding the validity of the ordinary shares being registered</A></TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; text-align: left">10.1*</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left"><A HREF="ea024771001ex10-1_soslim.htm">2025 Equity Incentive Plan</A></TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; text-align: left">23.1*</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left"><A HREF="ea024771001ex23-1_soslim.htm">Consent of Audit Alliance LLP, an Independent Registered Public Accounting Firm</A></TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; text-align: left">23.2*</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left"><A HREF="ea024771001ex5-1_soslim.htm">Consent of Maples and Calder (Hong Kong) LLP (included in Exhibit 5.1)</A></TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; text-align: left">24.1*</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left"><A HREF="#a_002">Power of attorney (included on signature page)</A></TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; text-align: left">107*</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left"><A HREF="ea024771001ex-fee_soslim.htm">Calculation of Filing Fee Table</A></TD></TR>
    </TABLE>
  
  <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filed
  herewith.</FONT></TD>
  </TR></TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">**</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
  exhibit to be filed as the Registrant does not issue physical ordinary share certificates.</FONT></TD>
  </TR></TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">II-5</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  
  <!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  </BODY>
  </HTML>
metadata_documents: [{"type": "S-8", "sequence": "1", "filename": "ea0247710-s8_soslim.htm", "description": "REGISTRATION STATEMENT", "secsgml_size_bytes": 371861}]
metadata_filer: {"company-data": {"conformed-name": "SOS Ltd", "cik": "0001346610", "assigned-sic": "6199", "organization-name": "02 Finance", "ein": "000000000", "state-of-incorporation": "E9", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-288484", "film-number": "251100894"}, "business-address": {"street1": "BLDG 6, E. SEAVIEW PARK, 298 HAIJING RD", "street2": "YINZHU STR.,  WEST COAST NEW DISTRICT", "city": "QINGDAO SHANDONG PROVINCE", "state": "F4", "zip": "266400", "phone": "86-532-86617117"}, "mail-address": {"street1": "ATM CAPITAL PARTNERS LLC", "street2": "35 EAST 38TH ST STE 11C", "city": "NEW YORK", "state": "NY", "zip": "10016"}, "former-company": [{"former-conformed-name": "China Rapid Finance Ltd", "date-changed": "20150923"}, {"former-conformed-name": "China Risk Finance LLC", "date-changed": "20051212"}]}
text: As filed with the Securities and Exchange Commission on July 2, 2025
  Registration No. 333-
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549
  FORM S-8
  REGISTRATION STATEMENT
  UNDER
  THE SECURITIES ACT OF 1933
  SOS Limited
  (Exact name of Registrant as specified in its
  charter)
  Cayman Islands
  Not Applicable
  (State or other jurisdiction of
  incorporation or organization)
  (I.R.S. Employer
  Identification Number)
  Building 6, East Seaview Park, 298 Haijing Road,
  Yinzhu Street
  West Coast New District, Qingdao City, Shandong
  Province 266400
  People's Republic of China
  +86-532-86617117
  (Address and telephone number of Registrant's
  principal executive offices)
  2025 Equity Incentive Plan
  (Full title of the plans)
  Puglisi & Associates
  850 Library Avenue
  Suite 204
  Newark, Delaware 19711
  (Name, address and telephone number of agent
  for service)
  Copies to:
  Joan Wu, Esq.
  Hunter Taubman Fischer & Li LLC
  950 Third Avenue, 19th Floor
  New York, NY 10022
  (212) 530-2208
  Indicate by check mark whether the registrant is a large accelerated
  filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions
  of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging
  growth company" in Rule 12b-2 of the Exchange Act.
  Large accelerated filer
  ☐
  Accelerated
      filer
  ☐
  Non-accelerated filer
  ☒
  Smaller reporting company
  ☐
  Emerging growth company
  ☐
  If an emerging growth company, indicate by check mark if the registrant
  has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
  to Section 7(a)(2)(B) of the Securities Act.  ☐
  INTRODUCTION
  SOS
  Limited, a Cayman Islands exempted company (the "Company" or the "Registrant"), has granted equity compensation
  awards to Mr. Douglas L. Brown in connection with appointing Mr. Brown to serve as a director on the Company's board of directors
  ("Director"). The compensation awards include 58,656 Class A Ordinary Shares of the Company, par value $0.005 per share, issued
  to Mr. Brown (the "Compensation Shares"). This Registration Statement on Form S-8 is filed by the Company to register the
  offer and sale of the Compensation Shares.
  This
  Registration Statement contains two parts. The first part contains a "reoffer" prospectus prepared in accordance with Part
  I of Form F-3 (in accordance with Instruction C of the General Instructions to Form S-8). The reoffer prospectus permits reoffers and
  resales of those shares referred to above that constitute "restricted securities" as defined in General Instruction C to Form
  S-8, by Mr. Brown, the Registrant's Director (the "Selling Stockholder"), for his own account. The second part contains
  information required to be set forth in the Registration Statement pursuant to Part II of Form S-8 with respect to the Class A Ordinary
  Shares issuable pursuant to the 2025 Equity Incentive Plan.
  REOFFER PROSPECTUS
  58,656 CLASS A ORDINARY SHARES
  SOS LIMITED
  This prospectus relates to 58,656 Class A ordinary shares (the "Shares"),
  par value $0.005 per share (the "Ordinary Shares") of SOS Limited ("we," "us," "our,"
  "SOS" or the "Company") which may be offered from time to time by Douglas L. Brown, the Company's Director
  (the "Selling Stockholder"), for his own account. We will not receive any proceeds from any sale of Shares offered pursuant
  to this prospectus.
  The Selling Stockholder may offer and sell the
  Shares at various times and in various types of transactions, including sales in the open market, sales in negotiated transactions and
  sales by a combination of these methods. The Shares may be sold at the market price of the Shares at the time of a sale, at prices relating
  to the market price over a period of time, or at prices negotiated with the buyers of shares. The Shares may be sold through underwriters
  or dealers which the Selling Stockholder may select. If underwriters or dealers are used to sell the Shares, we will name them and describe
  their compensation in a prospectus supplement. For a description of the various methods by which the Selling Stockholder may offer and
  sell the Shares described in this prospectus, see the section entitled "Plan of Distribution."
  We are not a Chinese operating company. We are
  a Cayman Islands holding company conducting our operations through our subsidiaries in China and the U.S. Our ADSs are ADSs of SOS, the
  offshore holding company in the Cayman Islands, instead of shares of our subsidiaries. Investors may never directly hold equity interests
  in our subsidiaries. As we conduct part of our operations through our subsidiaries in China, we face various legal and operational risks
  and uncertainties related to doing business in China that could result in a material change in our operations and/or the value of our
  securities. We are subject to a series of PRC laws and regulations. The PRC government has recently issued statements and conducted regulatory
  actions relating to areas such as approvals, filings or other administrative requirements on offshore offerings, anti-monopoly regulatory
  actions, and oversight on cybersecurity and data privacy. The PRC government's authority in regulating our operations in China and
  its management on offerings conducted overseas by, and foreign investment in, China-based issuers could limit our and our PRC subsidiaries'
  ability to conduct business and/or limit or hinder our ability to offer or continue to offer securities to investors, accept foreign investments
  or list on a United States or other foreign exchange, or cause the value of our securities to significantly decline or be worthless. For
  more details, see "Risk Factors—Risks Related to Doing Business in China."
  Our ADSs are listed on the New York Stock Exchange (the "NYSE"),
  under the symbol "SOS." On June 30, 2025, the closing trading price for our ADSs, as reported on NYSE, was US$6.30 per ADS.
  We are a Cayman Islands
  holding company conducting our operations through our subsidiaries in China and the U.S. Our ADSs are ADSs of SOS, the offshore holding
  company in the Cayman Islands, instead of shares of our subsidiaries. Investors may never directly hold equity interests in our subsidiaries.
  As we conduct part of our operations through our subsidiaries in China, we face various legal and operational risks and uncertainties
  related to doing business in China that could result in a material change in our operations and/or the value of our securities. We are
  subject to a series of PRC laws and regulations. The PRC government has recently issued statements and conducted regulatory actions relating
  to areas such as approvals, filings or other administrative requirements on offshore offerings, anti-monopoly regulatory actions, and
  oversight on cybersecurity and data privacy. The PRC government's authority in regulating our operations in China and its management
  on offerings conducted overseas by, and foreign investment in, China-based issuers could limit our and our PRC subsidiaries' ability
  to conduct business and/or limit or hinder our ability to offer or continue to offer securities to investors, accept foreign investments
  or list on a United States or other foreign exchange, or cause the value of our securities to significantly decline or be worthless. For
  more details, see "Risk Factors—Risks Related to Doing Business in China."
  On February 17, 2023, the CSRC promulgated the
  Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies (the "Trial Measures") and
  five supporting guidelines, which went into effect on March 31, 2023. The Trial Measures regulate both direct and indirect overseas offering
  and listing of PRC domestic companies' securities by adopting a filing-based regulatory regime. Based on the Trial Measures and
  the clarification issued by at a press conference held by CSRC, and as advised by our PRC counsel, Hebei Changjun Law Firm ("Hebei
  Changjun"), based on their understanding of the Trial Measures, that the Company will file with the CSRC notice of its offering
  of ADSs representing its Class A ordinary shares and the Warrants. The Trial Measures require the filing with the CSRC of the overseas
  offering and listing plans and the follow-on offering plans by PRC domestic companies under certain conditions, and the filing with the
  CSRC by their underwriters associated with such companies' overseas securities offering and listing. Companies, like us, that are
  already listed overseas as of March 31, 2023 are not required to make an immediate filing with the CSRC until a subsequent offering, in
  which case a filing should be made with the CSRC within three business days after the offering is completed. In the opinion of our PRC
  legal counsel, Hebei Changjun Law Firm, the Selling Shareholders' resale of the Resale Shares as described hereunder does not constitute
  a "subsequent offering" under the CSRC rules and hence we are not required to complete the filing procedures with CSRC for
  the Selling Shareholders' resale.  In addition, if a domestic company fails to complete required filing procedures or conceals
  any material fact or falsifies any major content in its filing documents, such domestic company may be subject to administrative penalties,
  such as an order to rectify, warnings, fines, and its controlling shareholders, actual controllers, the person directly in charge and
  other directly liable persons may also be subject to administrative penalties, such as warnings and fines. See "Risk Factors—Risks
  Related to Doing Business in China—The reinforcement by China regulatory authorities on the supervision or law enforcement on offerings
  that are conducted overseas and/or foreign investment in China-based issuers, which could limit or hinder our ability to offer or continue
  to offer securities to investors and cause the value of such securities to significantly decline."
  Pursuant to the Holding Foreign Companies Accountable
  Act (the "HFCA ACT"), if the Securities and Exchange Commission (the "SEC") determines that we have filed audit
  reports issued by a registered public accounting firm that has not been subject to inspections by the Public Company Accounting Oversight
  Board (the "PCAOB") for two consecutive years, the SEC will prohibit our shares or ADSs from being traded on a national securities
  exchange or in the over-the-counter trading market in the United States. Pursuant to the HFCA Act, the PCAOB issued a Determination Report
  on December 16, 2021 which found that the PCAOB is unable to inspect or investigate completely registered public accounting firms headquartered
  in: (1) mainland China of the People's Republic of China because of a position taken by one or more authorities in mainland China;
  and (2) Hong Kong, a Special Administrative Region and dependency of the PRC, because of a position taken by one or more authorities in
  Hong Kong. Our auditor, Audit Alliance LLP ("Audit Alliance"), the independent registered public accounting firm that issues
  the audit report included in this prospectus, as an auditor of companies that are traded publicly in the United States and a firm registered
  with the PCAOB, is subject to the PCAOB's regular inspections to assess Audit Alliance's compliance with applicable professional
  standards. Audit Alliance is headquartered in Singapore and is not subject to the determinations announced by the PCAOB on December 16,
  2021. However, recent developments with respect to audits of China-based companies create uncertainty about the ability of our PRC subsidiaries
  to fully cooperate with Audit Alliance's audit without the approval of the Chinese authorities. In the event that it is later determined
  that the PCAOB is unable to inspect or investigate completely our auditor, then such lack of inspection could cause trading in our securities
  to be prohibited under the HFCA Act, and ultimately result in a determination by a securities exchange to delist our securities. In addition,
  on August 26, 2022, the PCAOB signed a Statement of Protocol (the "SOP") Agreement with the CSRC and China's Ministry
  of Finance. The SOP Agreement, together with two protocol agreements (collectively, "SOP Agreements"), governs inspections
  and investigations of audit firms based in mainland China and Hong Kong, taking the first step toward opening access for the PCAOB to
  inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong. Pursuant to the fact sheet with
  respect to the Protocol disclosed by the SEC, the PCAOB shall have independent discretion to select any issuer audits for inspection or
  investigation and has the unfettered ability to transfer information to the SEC. On December 15, 2022, the PCAOB Board determined that
  the PCAOB was able to secure complete access to inspect and investigate registered public accounting firms headquartered in mainland China
  and Hong Kong and voted to vacate its previous determinations to the contrary. However, should PRC authorities obstruct or otherwise fail
  to facilitate the PCAOB's access in the future, the PCAOB Board will consider the need to issue a new determination. For more details,
  see "Risk Factors—Risks Related to Doing Business in China—The PRC operating entity must conduct its business activities
  substantially subject to PRC laws, regulations and administration. If the Chinese government significantly regulates our operating entity's
  business operations in the future and it is not able to substantially comply with such regulations, our operating entity's business
  operations may be materially adversely affected, and the value of our Class A ordinary shares may significantly decrease," "Risk
  Factors—Risks Related to Doing Business in China—Changes, application and interpretation with respect to the applicable legal
  laws/regulations, and economic policies for our PRC subsidiaries, could result in a material change in our operations and/or the value
  of the securities we are registering for sale," and "Risk Factors—Risks Related to Doing Business in China—Our
  ADSs may be prohibited from trading in the United States under the HFCA ACT in the future if the PCAOB is unable to inspect or investigate
  completely of our auditor. The delisting of the ADSs, or the threat of their being delisted, may materially and adversely affect the value
  of your investment."
  We are a holding company, and we may rely principally
  on dividends and other distributions on equity paid by our PRC subsidiaries for our cash and financing requirements, including the funds
  necessary to pay dividends and other cash distributions to our shareholders and service any debt we may incur. If our PRC subsidiaries
  incur debt on their own behalf in the future, the instruments governing the debt may restrict their ability to pay dividends or make other
  distributions to us. Any limitation on the ability of our PRC subsidiaries to pay dividends or make other distributions to us could materially
  and adversely limit our ability to grow, make investments or acquisitions that could be beneficial to our business, pay dividends, or
  otherwise fund and conduct our business. For more details, see "Risk Factors—Risks Related to Doing Business in China—We
  may rely principally on dividends and other distributions on equity paid by our PRC subsidiaries to fund any cash and financing requirements
  we may have, and any limitation on the ability of our PRC subsidiaries to pay dividends to us could have a material adverse effect on
  our ability to conduct our business." In addition, the PRC Enterprise Income Tax Law and its implementation rules provide that withholding
  tax rate of 10% will be applicable to dividends payable by PRC companies to non-PRC-resident enterprises unless otherwise exempted or
  reduced according to treaties or arrangements between the PRC central government and governments of other countries or regions where the
  non-PRC-resident enterprises are incorporated. For more details, see "Risk Factors—Risks Related to Doing Business in China—It
  is unclear whether we will be considered a PRC "resident enterprise" under the PRC Enterprise Income Tax Law and, depending
  on the determination of our PRC "resident enterprise" status, our global income may be subject to the 25% PRC enterprise income
  tax, which could materially and adversely affect our results of operations."
  SOS Limited is a holding company with no operations
  of its own. We conduct our operations in China primarily through our PRC subsidiaries. As a result, although other means are available
  for us to obtain financing at the holding company level, SOS Limited's ability to pay dividends to the shareholders and to service
  any debt it may incur may depend upon dividends paid by our PRC subsidiaries.
  As a holding company registered in the Cayman
  Islands, we may rely on dividends from our subsidiaries in China for our cash requirements, including any payment of dividends to our
  shareholders. PRC regulations may restrict the ability of our PRC subsidiaries to pay dividends to us. If any of our subsidiaries incurs
  debt on its own behalf in the future, the instruments governing such debt may restrict its ability to pay dividends to SOS Limited. Under
  PRC laws and regulations, our PRC subsidiaries are subject to certain restrictions with respect to payment of dividends or other transfers
  of any of their net assets to us. Our PRC subsidiaries are permitted to pay dividends only out of their retained earnings, if any, as
  determined in accordance with PRC accounting standards and regulations. PRC laws also require a foreign-invested enterprise to set aside
  at least 10% of its after-tax profits as the statutory common reserve fund until the cumulative amount of the statutory common reserve
  fund reaches 50% or more of such enterprise's registered capital, if any, to fund its statutory common reserves, which are not available
  for distribution as cash dividends. Remittance of dividends by a wholly foreign-owned enterprise out of mainland China is also subject
  to examination by the banks designated by the PRC State Administration of Foreign Exchange ("SAFE"). These restrictions are
  benchmarked against the paid-up capital and the statutory reserve funds of our PRC subsidiaries. To the extent cash in our business is
  in China or in an entity in mainland China, the funds may not be available to fund operations or for other use outside of mainland China
  due to interventions in or the imposition of restrictions and limitations by the PRC government on our ability to transfer cash. As a
  result, our ability to grow, make investments or acquisitions that could be beneficial to our business, pay dividends, or otherwise fund
  and conduct our business may be materially and adversely affected. We have also presented financial information to illustrate the consolidated
  cash flows for the years ended December 31, 2024 for (i) SOS Limited; (ii) China SOS Limited; (iii) Qingdao SOS Investment, one of our
  WFOEs; (iv) the VIE; (v) Subsidiaries outside China; and (vi) Subsidiaries inside China. The financial information of SOS Limited has
  been extracted from SOS Limited's audited consolidated statements of cash flows for the year ended December 31, 2024 and the related
  notes, included elsewhere in this prospectus or incorporated by reference herein. For a detailed description of how cash is transferred
  through our organization, see "Prospectus Summary—Cash and Asset Flows through Our Organization."
  For the fiscal year ended December 31, 2024, SOS
  Limited transferred nil to its subsidiaries inside China and transferred $16,379,378 to its subsidiaries outside China. $2,460,000 was
  transferred from the subsidiary named Future Digital Trade Limited of SOS Limited to SOS Limited. Since January 1, 2025 and until the
  date of this prospectus, SOS Limited has transferred, as intercompany borrowing, an aggregate of nil to its subsidiaries outside China,
  and SOS Information Technology New York Inc. transferred $46,101,001.73 to SOS Limited. Other than the transfers mentioned above, as of
  the date of this prospectus, SOS Limited has not made any other transfers, dividends or distributions between the holding company, any
  of its subsidiaries or to investors.
  We are also subject to restrictions and limitations
  on our ability to distribute earnings from our businesses, including subsidiaries, to our holding company and U.S. investors. Neither
  we nor any of our subsidiaries has obtained the approval from either the China Securities Regulatory Commission (the "CSRC")
  or the Cyberspace Administration of China (the "CAC") for any offering of our ADSs in the United States, and we do not intend
  to obtain the approval from either the CSRC or the CAC in connection with any such offering, since we do not believe, based upon advice
  of our PRC counsel, Hebei Changjun, that such approval is required for the time being. We cannot assure you, however, that regulators
  in China will not take a contrary view or will not subsequently require us to undergo the approval procedures and subject us to penalties
  for non-compliance. See "Risk Factors — Risks Related to Doing Business in China — The approval of the CSRC, may be
  required in connection with the listing and trading of our securities under PRC rules, regulations, or policies, and, if required, we
  cannot predict whether or how soon we will be able to obtain such approval. As a result, both you and us fact uncertainty about future
  actions by the PRC government that could significantly affect our business, our listing on NYSE, financial condition and results of operations."
  The date of this reoffer prospectus is July
  2, 2025
  If you
  are in a jurisdiction where offers to sell, or solicitations of offers to purchase, the securities offered by this document are unlawful,
  or if you are a person to whom it is unlawful to direct these types of activities, then the offer presented in this document does not
  extend to you. We have not authorized anyone to provide any information other than that contained in this prospectus, in any prospectus
  supplement or in any free writing prospectus prepared by or on behalf of us or to which we have referred to you. We do not take responsibility
  for, and we do not provide any assurance as to the reliability of, any other information that others may give you. We have not authorized
  any other person to provide you with different information. The information contained in this document speaks only as of the date of this
  document, unless the information specifically indicates that another date applies.
  TABLE OF CONTENTS
  Page
  THE
      COMPANY
  1
  SPECIAL
      NOTE REGARDING FORWARD-LOOKING STATEMENTS
  11
  RISK
      FACTORS
  12
  USE
      OF PROCEEDS
  18
  SELLING
      STOCKHOLDER
  18
  PLAN
      OF DISTRIBUTION
  19
  LEGAL
      MATTERS
  19
  EXPERTS
  19
  PART I
  INFORMATION
      REQUIRED IN THE SECTION 10(a) PROSPECTUS
  I-1
  PART II
  INFORMATION
      REQUIRED IN THE REGISTRATION STATEMENT
  II-1
  EXHIBIT
      INDEX
  II-5
  SIGNATURES
  II-3
  i
  THE COMPANY
  The following summary highlights information
  contained elsewhere in this prospectus o
  r incorporated by reference in this prospectus,
  and
  does not contain all of the information that you need to consider in making your investment decision. We urge you to read this entire
  prospectus (as supplemented or amended), including our consolidated financial statements, notes to the consolidated financial statements
  and other information incorporated by reference in this prospectus from our other filings with the SEC, before making an investment decision.
  Investors should note that SOS Limited, our ultimate Cayman Islands holding company, is not an operating company, and we conduct our operations
  in mainland China described in this prospectus primarily through our subsidiaries in mainland China, the VIEs, and their subsidiaries.
  Overview
  We began our credit analytics
  service provider business in 2001. We developed our proprietary, advanced technology over the past 18 years, during which our founders
  and management team advised many of China's largest banks in analyzing consumer credit to issue over one hundred million credit
  cards to consumers. On April 28, 2017, our ADSs commenced trading on the NYSE under the symbol "XRF," we later changed our
  trading symbol to "SOS."
  As of the date of this prospectus, our company
  is engaged in providing big data-driven marketing solutions, blockchain and cryptocurrency operations, and commodity trading. Our marketing
  solutions and commodity trading services are primarily delivered through our subsidiaries in China, while our cryptocurrency mining and
  hosting operations are managed by our subsidiaries in the U.S.
  Furthermore, we have also established a data warehouse
  and see the increasing number of active customer overtime. Our data collection covers a wide variety of sources and are mainly from offline
  third-party purchases, online subscription, AI recognition and cold calls, which account for approximately 60%, 20% and 10% of our data
  inventory, respectively.
  Our current product offerings encompass four main
  areas: commodity trading, insurance marketing, cryptocurrency mining, and other services. As of December 31, 2024, the revenue distribution
  among these areas was as follows: commodity trading (98.4%), insurance marketing (1.4%), and cryptocurrency (0.1%). Our cryptocurrency
  mining operations, which began in February 2021, have yielded an aggregate of 802.77 units of BTC and 2,949.79 units of ETH as of December
  31, 2024, from our mining pools.
  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."
  1
  On May 14, 2020, Qingdao
  SOS Investment Management Co., Ltd. ("Qingdao SOS Investment"), Qingdao SOS Industrial Holding Co., Ltd. ("Qingdao SOS
  Industrial"), and Messrs. Yilin Wang, Weidong Feng, and Xianlong Wu, citizens of China and shareholders of Qingdao SOS Industrial,
  entered into a series of contractual arrangements, including Technical Consulting and Service Agreement, Equity Interest Purchase Option
  Agreement, Equity Pledge Agreement and Voting Rights Proxy and Financial Support Agreement, collectively, the "Qingdao SOS Investment
  VIE Agreements," pursuant to which Qingdao SOS Investment has contractual rights to exercise control over the Qingdao SOS Industrial.
  On November 2, 2022,
  pursuant to the terms of the Qingdao SOS Investment VIE Agreements, Qingdao SOS Investment, Qingdao SOS Industrial, and shareholders of
  Qingdao SOS Industrial unanimously agreed to terminate the Qingdao SOS Investment VIE Agreements. The termination of the VIE contractual
  arrangements were effective on November 2, 2022.
  On November 2, 2022, Qingdao S Investment
  Holding Limited ("Qingdao S Investment"), Qingdao SOS Industrial Holding Co., Ltd. ("Qingdao SOS Industrial"),
  and Messrs. Yilin Wang, Weidong Feng, and Xianlong Wu, citizens of China and shareholders of Qingdao SOS Industrial, entered into a series
  of contractual arrangements, including Equity Pledge Agreement, Exclusive Management Consultation and Business Cooperation Agreement,
  Exclusive Purchase Option Agreement and Power of Attorney, collectively, the "Qingdao S Investment VIE Agreements," pursuant
  to which Qingdao S Investment has contractual rights to exercise control over the Qingdao S Industrial.
  On November 2, 2022,
  the Company entered into the share purchase agreement with S International Holdings Limited and S International Group Limited, pursuant
  to which, S International Holdings Limited agreed to purchase S International in exchange for cash consideration of $17,000,000. Upon
  the closing of the transaction, S International Holdings Limited became the sole shareholder of S International and as a result, assume
  all assets and liabilities of all the subsidiaries and VIE entities owned or controlled by S International. S International owns 100%
  of the issued shares in S International Holdings Limited, which owns 100% of the issued shares in Qingdao S Investment. Qingdao S Investment
  controls Qingdao SOS Industrial, the former VIE, through a series of contractual agreements with the former VIE and the shareholders of
  the former VIE dated November 2, 2022. The former VIE owns 100% of the equity interests in each of SOS Information Technology Co., Ltd.
  and Qingdao SOS Digital Technologies Inc.
  As of the date of this
  prospectus, the prior VIE structure has been unwound, and the financial results of the former VIE and its subsidiaries are no longer consolidated
  into the Company's financial statements. Our current corporate structure does not contain any VIE in mainland China and neither
  we nor our subsidiaries have intentions of establishing any VIEs in mainland China in the future. None of the Company's subsidiaries
  operate through VIE contracts as of the date of this prospectus.
  The following diagram illustrates our corporate
  structure, including our principal subsidiaries as of the date of this prospectus:
  2
  Summary of Risk Factors
  Investing in our securities involves significant
  risks. You should carefully consider all of the information in this prospectus before making an investment in our securities. Below please
  find a summary of the principal risks we face, organized under relevant headings. These risks are discussed more fully in the section
  titled "Risk Factors."
  Risks Related to
  Doing Business in China
  ●
  The PRC government may
                                                                                                                                                                          intervene or influence our operations at any time, or may exert more control over the China operations of an offshore holding
                                                                                                                                                                          company, and offerings conducted overseas and foreign investment in China-based issuers, such as our PRC subsidiaries following the
                                                                                                                                                                          offering. Changes in China's economic, political or social conditions or government policies could have a material adverse
                                                                                                                                                                          effect on the business, results of operations, financial condition, and the securities value of the Company and its subsidiaries,
                                                                                                                                                                          and could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the
                                                                                                                                                                          value of such securities to significantly decline or be worthless. See more detailed discussion of this risk factor on page 12 of
                                                                                                                                                                          this prospectus.
  ●
  The
  permission or approval of, or filing to, the China Securities Regulatory Commission may be required in future offerings or financings,
  and, if required, we cannot predict whether we will be able to obtain such permission or approval, or timely clear the filing requirements.
  See more detailed discussion of this risk factor on page 12 of this prospectus.
  ●
  In
  light of recent events indicating greater oversight by the CAC, over data security, we are subject to a variety of laws and other obligations
  regarding cybersecurity and data protection, and any failure to comply with applicable laws and obligations could have a material and
  adverse effect on our business, our listing on NYSE, financial condition and results of operations. See more detailed discussion of this
  risk factor on page 12 of this prospectus.
  ●
  Uncertainties
  in the interpretation and enforcement of PRC laws, rules and regulations and that the enforcement of laws and that rules and regulations
  in China can change quickly with little advance notice could materially adversely affect our business. See more detailed discussion of
  this risk factor on page 12 of this prospectus.
  ●
  The
  PRC operating entity must conduct its business activities substantially subject to PRC laws, regulations and administration. If the Chinese
  government significantly regulates our operating entity's business operations in the future and it is not able to substantially
  comply with such regulations, our operating entity's business operations may be materially adversely affected, and the value of
  our Class A ordinary shares may significantly decrease. See more detailed discussion of this risk factor on page 12 of this prospectus.
  ●
  PRC
  regulations relating to investments in offshore companies by PRC residents may subject PRC-resident beneficial owners or the PRC subsidiaries
  to liability or penalties, limit our ability to inject capital into our PRC subsidiaries or limit the PRC subsidiaries' ability
  to increase their registered capital or distribute profits to it, or may otherwise adversely affect us. See more detailed discussion
  of this risk factor on page 12 of this prospectus.
  ●
  Governmental
  management of currency conversion may limit our ability to utilize our net revenue effectively and our ability to transfer cash between
  our PRC subsidiaries and us, across borders, and to investors and affect the value of your investment. See more detailed discussion of
  this risk factor on page 12 of this prospectus.
  ●
  Fluctuations
  in the value of the Renminbi may materially adversely affect your investment. See more detailed discussion of this risk factor on page
  12 of this prospectus.
  ●
  Although
  the audit report included in this prospectus is prepared by an auditor who are currently inspected by the PCAOB, there is no guarantee
  that future audit reports will be prepared by auditors inspected by the PCAOB and, as such, in the future investors may be deprived of
  the benefits of such inspection. Furthermore, trading in our securities may be prohibited under the HFCA Act if the SEC subsequently
  determines our audit work is performed by auditors that the PCAOB is unable to inspect or investigate completely, and as a result, U.S.
  national securities exchanges, such as NYSE, may determine to delist our securities. Furthermore, on December 29, 2022, the Consolidated
  Appropriations Act, was signed into law by President Biden. The Consolidated Appropriations Act contained, among other things, an identical
  provision to AHFCA ACT, which reduce the number of consecutive non-inspection years required for triggering the prohibitions under the
  HFCA Act from three years to two. See more detailed discussion of this risk factor on page 12 of this prospectus.
  3
  ●
  Failure to comply with
                                                                                                                                                                          laws and regulations applicable to our business could subject us to fines and penalties and could also cause us to lose customers or
                                                                                                                                                                          otherwise harm our business. See more detailed discussion of this risk factor on page 12 of this prospectus.
  ●
  If
  we cease to qualify as a foreign private issuer, we would be required to comply fully with the reporting requirements of the Exchange
  Act applicable to U.S. domestic issuers, and we would incur significant additional legal, accounting and other expenses that we would
  not incur as a foreign private issuer. See more detailed discussion of this risk factor on page 12 of this prospectus.
  ●
  We
  may fail to obtain, maintain and update licenses and permits necessary to conduct our operations in the PRC, and our business may be
  materially and adversely affected as a result of any changes in the laws and regulations governing the VATS industry in the PRC. See
  more detailed discussion of this risk factor on page 12 of this prospectus.
  ●
  We
  may rely principally on dividends and other distributions on equity paid by our PRC subsidiaries to fund any cash and financing requirements
  we may have, and any limitation on the ability of our PRC subsidiaries to pay dividends to us could have a material adverse effect on
  our ability to conduct our business. See more detailed discussion of this risk factor on page 12 of this prospectus.
  ●
  We may be required to
                                                                                                                                                                          obtain additional licenses in relation to our ongoing business operations and may be subject to penalties for failing to obtain
                                                                                                                                                                          certain licenses with respect to our past operations. See more detailed discussion of this risk factor on page 12 of this
                                                                                                                                                                          prospectus.
  ●
  The
  reinforcement by China regulatory authority on supervision or law enforcement on offerings that are conducted overseas and/or foreign
  investment in China-based issuers, which could limit or hinder our ability to offer or continue to offer securities to investors and
  cause the value of such securities to significantly decline. See more detailed discussion of this risk factor on page 12 of this prospectus.
  The Holding Foreign Companies Accountable Act
  Pursuant to the Holding Foreign Companies Accountable
  Act, or the HFCA ACT, if the SEC determines that we have filed audit reports issued by a registered public accounting firm that has not
  been subject to inspections by the PCAOB for two consecutive years, the SEC will prohibit our shares or ADSs from being traded on a national
  securities exchange or in the over-the-counter trading market in the United States. On December 16, 2021, the PCAOB issued a report to
  notify the SEC of its determination that the PCAOB was unable to inspect or investigate completely registered public accounting firms
  headquartered in mainland China and Hong Kong. On December 15, 2022, the PCAOB issued a report that vacated its December 16, 2021 determination
  and removed mainland China and Hong Kong from the list of jurisdictions where it is unable to inspect or investigate completely registered
  public accounting firms. Each year, the PCAOB will determine whether it can inspect and investigate completely audit firms in mainland
  China and Hong Kong, among other jurisdictions. Our auditor, Audit Alliance, the independent registered public accounting firm that issues
  the audit report included in this prospectus, as an auditor of companies that are traded publicly in the United States and a firm registered
  with the PCAOB, is subject to the PCAOB's regular inspections. Audit Alliance is headquartered in Singapore and is not subject to
  the determinations announced by the PCAOB on December 16, 2021. However, recent developments with respect to audits of China-based companies
  create uncertainty about the ability of our PRC subsidiaries to fully cooperate with Audit Alliance's audit without the approval
  of the Chinese authorities. In the event it is later determined that the PCAOB is unable to inspect or investigate completely our auditor,
  then such lack of inspection could cause trading in our securities to be prohibited under the HFCA Act, and ultimately result in a determination
  by a securities exchange to delist our securities. See "Risk Factors—Risks Related to Doing Business in China—Although
  the audit report included in this prospectus is prepared by an auditor who are currently inspected by the PCAOB, there is no guarantee
  that future audit reports will be prepared by auditors inspected by the PCAOB and, as such, in the future investors may be deprived of
  the benefits of such inspection. Furthermore, trading in our securities may be prohibited under the HFCA Act if the SEC subsequently determines
  our audit work is performed by auditors that the PCAOB is unable to inspect or investigate completely, and as a result, U.S. national
  securities exchanges, such as NYSE, may determine to delist our securities. Furthermore, on December 29, 2022, the Consolidated Appropriations
  Act, was signed into law by President Biden. The Consolidated Appropriations Act contained, among other things, an identical provision
  to the Accelerating Holding Foreign Companies Accountable Act ("AHFCA ACT"), which reduce the number of consecutive non-inspection
  years required for triggering the prohibitions under the HFCA Act from three years to two."
  PRC Regulatory Matters
  We conduct our business primarily through our
  PRC subsidiaries and a subsidiary in India. Our operations in China are governed by PRC laws and regulations. As of the date of this prospectus,
  our PRC subsidiaries and we have obtained all necessary licenses from the PRC government authorities that are required for our business
  operations under current PRC laws, regulations and rules, and such licenses, permits, and registrations have not been denied by any PRC
  government authorities. Additionally, as of the date of this prospectus, none of the Company or any our subsidiaries has been requested
  to, applied for, received or been denied approval from any Chinese authorities to list securities on the NYSE, nor received any inquiry,
  notice, warning or sanctions regarding this offering from the China Securities Regulatory Commission, or the CSRC, or any other Chinese
  regulatory authorities. We believe that we and our subsidiaries are not required to obtain permission from Chinese authorities to issue
  these securities to foreign investors based on the PRC laws, regulations and rules currently in effect.
  4
  CAC Approval
  On July 6, 2021, the General Office of the Central
  Committee of the Communist Party of China and the General Office of the State Council jointly issued the Opinions on Severely Cracking
  Down on Illegal Securities Activities According to Law (the "Opinions"). The Opinions stressed the need to strengthen the
  administration over illegal securities activities and the supervision over overseas listings by Chinese companies. Effective measures,
  such as promoting the construction of relevant regulatory systems, will be taken to deal with the risks and incidents of China-related
  overseas listed companies.
  On November 14, 2021, the CAC promulgated the
  draft Regulations on the Administration of Cyber Data Security (Draft for Comments) (the "Draft CAC Regulation"), which has
  not yet become effective. The Draft CAC Regulation provides that data processors that conduct the following activities must apply for
  cybersecurity review: (1) merger, reorganization or spin-off of Internet platform operators holding a large amount of data resources related
  to national security, economic development or public interests, which may have an adverse effect on national security; (2) data processors
  intending to list their securities on a foreign stock exchange that handle personal information of more than one million people; (3) data
  processors intending to list their securities on a stock exchange in Hong Kong which may have an adverse effect on national security;
  and (4) other data processing activities that may have an adverse effect on national security.
  On December 28, 2021, the CAC, jointly with 12
  other governmental authorities, promulgated the revised Cybersecurity Review Measures (2021), which became effective on February 15, 2022.
  According to the Cybersecurity Review Measures (2021), critical information infrastructure operators that intend to purchase internet
  products and services which may have an adverse effect on national security must apply for cybersecurity review. Meanwhile, online platform
  operators holding personal information of over one million users that intend to list their securities on a foreign stock exchange must
  apply for cybersecurity review. In the meantime, the governmental authorities have the discretion to initiate a cybersecurity review on
  any data processing activity if they deem such a data processing activity affects or may affect national security. The specific implementation
  rules on cybersecurity review are subject to further clarification by subsequent regulations.
  On July 7, 2022, the CAC promulgated the Measures
  for the Security Assessment of Cross-Border Transfer of Data, which took effect on September 1, 2022. These measures aim to regulate cross-border
  transfers of data, requiring among other things, that data processors that provide data to overseas apply to CAC for security assessments
  if: (1) data processors provide important data to overseas parties; (2) critical information infrastructure operators and data processors
  process personal information of more than one million individuals provide personal information to overseas parties; (3) data processors
  that have cumulatively provided personal information of 100,000 people or sensitive personal information of 10,000 people to overseas
  parties since January 1 of the previous year, provide personal information to overseas parties; and (4) other scenarios required by the
  CAC to apply for security assessments are met. In addition, these measures require data processors to carry out self-assessments of risks
  of providing data to overseas parties before applying to the CAC for security assessments.
  As of the date of this prospectus, we have not
  received 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.
  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 list of types of issuers banned from listing or offering overseas, such as (a) issuers
  whose listing or offering overseas have been recognized by the State Council of the PRC as possible threats to national security, (b)
  issuers whose affiliates have been recently convicted of bribery and corruption, (c) issuers under ongoing criminal investigations, and
  (d) issuers under major disputes regarding equity ownership; (4) issuers' compliance with web security, data security, and other
  national security laws and regulations; (5) issuers' filing and reporting obligations, such as obligation to file with the CSRC
  after it submits an application for initial public offering to overseas regulators, and obligation after offering or listing overseas
  to report to the CSRC material events including change of control or voluntary or forced delisting of the issuer; and (6) the CSRC's
  authority to fine both issuers and their shareholders between 1 and 10 million RMB for failure to comply with the Trial Measures, including
  failure to comply with filing obligations or committing fraud and misrepresentation.
  5
  Under the currently effective PRC laws and regulations,
  we are required to make filings with the CSRC and should complete the filing within three working days after our offering of securities
  on the NYSE. In the opinion of our PRC legal counsel, Hebei Changjun Law Firm, the Selling Shareholders' resale of the Resale Sales
  as described hereunder does not constitute a "subsequent offering" under the CSRC rules and hence we are not required to complete
  the filing procedures with CSRC for the Selling Shareholders' resale. However, if we do not receive or maintain the permissions
  and approvals or complete the filing procedure in a timely manner under PRC laws and regulations, or we inadvertently conclude that such
  permissions, approvals or filings are not required, or applicable laws, regulations, or interpretations change such that we are required
  to obtain permission and approval in the future, we may be subject to investigations by competent regulators, fines or penalties, ordered
  to suspend our relevant operations and rectify any non-compliance, prohibited from engaging in relevant business or conducting any offering,
  and these risks could result in a material adverse change in our operations, limit our ability to offer or continue to offer securities
  to investors, or cause such securities to significantly decline in value or become worthless. For more detailed information, see "Risk
  Factors—Risks Related to Doing Business in China—We may be required to obtain additional licenses in relation our ongoing
  business operations and may be subject to penalties for failing to obtain certain licenses with respect to our past operations,"
  "Risk Factors—Risks Related to Doing Business in China—The PRC operating entity must conduct its business activities
  substantially subject to PRC laws, regulations and administration. If the Chinese government significantly regulates our operating entity's
  business operations in the future and it is not able to substantially comply with such regulations, our operating entity's business
  operations may be materially adversely affected, and the value of our Class A ordinary shares may significantly decrease," and "Risk
  Factors—Risks Related to Doing Business in China—The reinforcement by China regulatory authority on supervision or law enforcement
  on offerings that are conducted overseas and/or foreign investment in China-based issuers, which could limit or hinder our ability to
  offer or continue to offer securities to investors and cause the value of such securities to significantly decline."
  Cash and Asset Flows through Our Organization
  SOS Limited is a holding company with no operations
  of its own. We conduct our operations in China primarily through our PRC subsidiaries. As a result, although other means are available
  for us to obtain financing at the holding company level, SOS Limited's ability to pay dividends to the shareholders and to service
  any debt it may incur may depend upon dividends paid by our PRC subsidiaries. If any of our subsidiaries incurs debt on its own behalf
  in the future, the instruments governing such debt may restrict its ability to pay dividends to SOS Limited. Under PRC laws and regulations,
  our PRC subsidiaries are subject to certain restrictions with respect to payment of dividends or other transfers of any of their net assets
  to us. Our PRC subsidiaries are permitted to pay dividends only out of their retained earnings, if any, as determined in accordance with
  PRC accounting standards and regulations. PRC laws also require a foreign-invested enterprise to set aside at least 10% of its after-tax
  profits as the statutory common reserve fund until the cumulative amount of the statutory common reserve fund reaches 50% or more of such
  enterprises' registered capital, if any, to fund its statutory common reserves, which are not available for distribution as cash
  dividends. Remittance of dividends by a wholly foreign-owned enterprise out of mainland China is also subject to examination by the banks
  designated by the PRC State Administration of Foreign Exchange, or SAFE. These restrictions are benchmarked against the paid-up capital
  and the statutory reserve funds of our PRC subsidiaries. To the extent cash in our business is in China or in an entity in mainland China,
  the funds may not be available to fund operations or for other use outside of mainland China due to interventions in or the imposition
  of restrictions and limitations by the PRC government on our ability to transfer cash. As a result, our ability to grow, make investments
  or acquisitions that could be beneficial to our business, pay dividends, or otherwise fund and conduct our business may be materially
  and adversely affected.
  6
  On November 2, 2022, the Company entered
  into the Disposition SPA with S International Holdings Limited, the "Purchaser, and S International Group Limited, a British Virgin
  Islands company, and the Company's wholly owned subsidiary prior to the Disposition. Upon the closing of the transaction, the Company's
  VIE structure has been disposed. As the VIE structure has been unwound, the financial results of the former VIE and its subsidiaries are
  no longer consolidated into the Company's financial statements after the Closing Date. As of the date of this prospectus, our current
  corporate structure does not contain any VIE in mainland China and neither we nor our subsidiaries have intentions of establishing any
  VIEs in mainland China in the future. None of the Company's subsidiaries operate through VIE contracts, as of the date of this prospectus.
  For the fiscal year ended
  December 31, 2023, SOS Limited transferred nil to its subsidiaries inside China and transferred $16,379,378 to its subsidiaries outside
  China. $2,460,000 was transferred from the subsidiary named Future Digital Trade Limited of SOS Limited to SOS Limited. For the six months
  ended June 30, 2024, SOS Limited transferred $22,801,192 to its subsidiaries outside China named SOS Information Technology New York Inc.
  Since July 1, 2024 and until the date of this prospectus, SOS Limited has transferred, as intercompany borrowing, an aggregate of nil
  to its subsidiaries outside China, and SOS Information Technology New York Inc. transferred $811,448 to SOS Limited. Other than the transfers
  mentioned above, as of the date of this prospectus, SOS Limited has not made any other transfers, dividends or distributions between the
  holding company, any of its subsidiaries or to investors.
  We are subject to restrictions on foreign exchange
  and our ability to transfer cash between entities, across borders, and to U.S. investors. We are also subject to restrictions and limitations
  on our ability to distribute earnings from our businesses, including subsidiaries, to our holding company and U.S. investors. Neither
  we nor any of our subsidiaries has obtained the approval from either the China Securities Regulatory Commission (the "CSRC")
  or the Cyberspace Administration of China (the "CAC") for any offering of our ADSs in the United States, and we do not intend
  to obtain the approval from either the CSRC or the CAC in connection with any such offering, since we do not believe, based upon advice
  of our PRC counsel, Hebei Changjun, that such approval is required for the time being. We cannot assure you, however, that regulators
  in China will not take a contrary view or will not subsequently require us to undergo the approval procedures and subject us to penalties
  for non-compliance. See "Risk Factors — Risks Related to Doing Business in China — The approval of the CSRC, may be
  required in connection with the listing and trading of our securities under PRC rules, regulations, or policies, and, if required, we
  cannot predict whether or how soon we will be able to obtain such approval. As a result, both you and us fact uncertainty about future
  actions by the PRC government that could significantly affect our business, our listing on NYSE, financial condition and results of operations."
  The following financial
  information has been prepared to illustrate the consolidated cash flows for the years ended December 31, 2023 for (i) SOS Limited; (ii)
  China SOS Limited; (iii) Qingdao SOS Investment, one of our WFOEs; (iv) the VIE; (v) Subsidiaries outside China; and (vi) Subsidiaries
  inside China. The financial information of SOS Limited has been extracted from SOS Limited's audited consolidated statements of
  cash flows for the year ended December 31, 2023 and the related notes, included elsewhere in this prospectus or incorporated by reference
  herein.
  SOS Limited ("SOS") refers to the ultimate parent or the
  registrant, a Cayman Islands exempted company.
  China SOS Limited ("China
  SOS") is a Hong Kong corporation.
  Qingdao SOS Investment
  Management Co., Ltd. ("Qingdao SOS Investment"), a PRC corporation., one of the Company's WFOEs.
  Qingdao SOS Industrial
  Holding Co., Ltd., the former VIE, a PRC corporation.
  Subsidiaries outside
  China include Yong Bao Two Ltd. ("YBT," a British Virgin Islands company), FDW Limited ("FDW," a British Virgin
  Islands company), SOS Information Technology New York Inc.("SOSNY," a New York corporation), FD LLC ("FD," a Nevada
  corporation), Future Technology Global Limited ("FTHK," a Hong Kong corporation), Canada XX Exchange Ltd.("CXXE,"
  a Canada corporation) and US XX Exchange Ltd. ("USXXE," a Colorado corporation), SOS Emergency Rescue Limited (Wyoming) ("SOSER",
  a Wyoming corporation), SOS Rescue Service LLC (Florida) ("SOSRS", a Florida corporation"), Future Digital Trade Limited,
  ("FDTL", a Hong Kong corporation), Future Digital Trading Pte Ltd, ("FDTP", A Singapore corporation).
  Subsidiaries inside China
  refers to the former VIE's subsidiaries, including Inner Mongolia SOS Insurance Agency Co., Ltd ("IMSOS"); and directly
  owned subsidiaries including SOS International Trading Co., Ltd ("SOSINT"), Qingdao SOS Investment LLP ("SOSIL"),
  Qingdao SOS Digital Technologies Ltd. ("SOSDT"), Common Prosperity Technology Co., Ltd. ("SOSCP"), SOS Ronghe
  Digital Technology Co., Ltd. ("SOSRD"), Weigou International Trading Co., Ltd ("SOSWI"), Shuyun International
  Trading Co., Ltd ("SOSSI"), SOS Auto Service Co., Ltd. ("SOSAS"), Chexiaoer Technology Co., Ltd ("SOSCX")
  and Hebei S Cloud Enterprise Management Co., Ltd.
  7
  As of December 31, 2023
  and 2022, the former VIE and Subsidiaries inside China accounted for an aggregate of 37.8% and 45.1%, respectively, of consolidated total
  assets, 27.7% and 74.3% respectively, of consolidated total liabilities, and 77.0% and 98.3%, respectively, of consolidated total net
  revenues.
  Condensed consolidated statement of cash flow
  (US$ thousands, except share data and per share data, or otherwise
  noted)
  31-Dec-24
  Subsidiaries
  Subsidiaries
  Consolidation
  Consolidation
  SOS Ltd.
  SOS Ltd.
  China SOS Ltd.
  WFOE
  VIE
  Outside China
  inside
  China
  Adjustments
  (a)
  Adjustments
  (b)
  Consolidated total
  US$
  US$
  US$
  US$
  US$
  US$
  US$
  US$
  US$
  CASH FLOWS FROM OPERATING ACTIVITIES
  Net (loss)
  (10,451
  )
  (1,951
  )
  (10
  )
  -
  715
  (1,908
  )
  -
  (13,605
  )
  Net (loss) from discontinued operation
  1
  1
  Net loss from continuing operation
  (10,451
  )
  (1,951
  )
  (10
  )
  -
  715
  (1,909
  )
  (13,606
  )
  Adjustments to reconcile net income net cash used in operating activities:
  -
  Depreciation of property, plant and equipment
  -
  -
  10,904
  10,904
  Depreciation of ROU
  377
  377
  Accretion of finance leases
  6
  6
  Share-based compensation
  7,735
  7,735
  Allowance for doubtful accounts - accounts receivable
  196
  196
  Allowance for doubtful accounts - other receivable
  -
  -
  -1,044
  (1,044
  )
  Impairment of cryptocurrencies
  781
  781
  Impairment of Mining Equipment
  0
  -
  Inventory mark down
  2,571
  2,571
  Loss on acquisition
  -
  Income from disposal of discoutinued opeations
  -
  -
  Inventory
  (256
  )
  (5,027
  )
  (5,283
  )
  Changes in operating assets and liabilities
  Accounts receivable
  -
  (2,017
  )
  (2,017
  )
  Trading Financial Assets
  -
  -
  Other receivables
  1,245
  (483
  )
  2,970
  (72,999
  )
  (69,267
  )
  Inter-company account
  1,909
  2,875
  (24
  )
  3,019
  (7,779
  )
  Amount due from related parties
  -
  -
  29,745
  29,745
  Intangible assets
  -
  (9,258
  )
  (9,258
  )
  Accrued liabilities
  6,306
  6,306
  Tax payables
  (452
  )
  (452
  )
  Accounts payable
  -
  -
  (24,327
  )
  98
  (24,229
  )
  Other payables
  1,000
  -
  -
  (5,701
  )
  9,053
  -
  4,352
  Amount due to related parties
  (1,000
  )
  -
  -
  1
  (999
  )
  Contract liabilities
  -
  -
  Lease liability
  -377
  (377
  )
  Net Cash used in Operating Activities - Continuing Operations
  438
  441
  (34
  )
  -
  (32,051
  )
  (32,353
  )
  -
  -
  (63,559
  )
  Net Cash generated from Operating Activities - Discontinued Operations
  1
  1
  Net cash generated from/(used in) operating activities
  438
  441
  (34
  )
  -
  (32,051
  )
  (32,352
  )
  -
  -
  (63,558
  )
  CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchase of property, equipment and equipment
  -
  -
  -
  Investment in equity
  -
  Proceed from disposals of discontiuned operations
  -
  Net cash (used in) generated from investing activities
  -
  -
  -
  -
  -
  -
  -
  -
  CASH FLOWS FROM FINANCING ACTIVITIES
  Proceed from share issuance, net of issuance costs
  -
  -
  -
  -
  Proceed from private equity placement, net of issuance costs
  -
  -
  -
  Repayment of principle portion of lease liabilities
  -288
  (288
  )
  Proceeds from share issuance, net of issuance costs
  24,838
  24,838
  Proceeds from disposal of subsidiaries
  -
  -
  Net cash generated from (used in) financing activities
  -
  -
  -
  -
  24,550
  -
  -
  -
  24,550
  -
  EFFECT OF EXCHANGE RATES ON CASH
  -
  (2,685
  )
  (2,685
  )
  Net increase/(decrease), effect of exchange rate changes on cash and cash equivalent
  438
  441
  (34
  )
  -
  (7,397
  )
  (35,141
  )
  -
  (41,693
  )
  CASH AND CASH EQUIVALENTTS, beginning of year
  19,447
  156,811
  859
  -
  54,990
  47,070
  279,177
  CASH AND CASH EQUIVALENTTS, end of year
  19,885
  157,252
  825
  -
  47,593
  11,929
  -
  237,484
  8
  During the year of 2023,
  the Company completed one round of registered direct offerings on March 31, 2022, raising $18.5 million in net proceeds.
  Roll-forward of "Investment
  in Subsidiaries of the former VIE"
  US$"000"
  Balance at January 1, 2019
  (128
  )
  Equity earnings of WOFE
  Equity in earnings of VIE
  1,470
  Equity in earnings of VIE's subsidiaries
  -
  Dividend distributed to shareholders
  -
  Share-based compensation
  -
  Foreign currency translation
  (16
  )
  Balance at December 31, 2019
  1,326
  Equity earnings of WOFE
  (3
  )
  Equity in earnings of VIE
  12,425
  Equity in earnings of VIE's subsidiaries
  (8,121
  )
  Dividend distributed to shareholders
  -
  Acquisition of China Rapid Finance
  10,661
  Issuance of Class A Ordinary Shares and warrant
  42,022
  Share-based compensation
  951
  Foreign currency translation
  874
  Balance at December 31, 2020
  60,135
  Issuance of Class A Ordinary Shares and warrant
  585,849
  Equity in earnings of WOFE
  (12
  )
  Equity in earnings of VIE
  1,157
  Equity in earnings of VIE's subsidiaries
  (165,860
  )
  Dividend distributed to shareholders
  -
  Share-based compensation
  33,153
  Foreign currency translation
  3,392
  Balance at December 31, 2021
  517,814
  Issuance of Class A Ordinary Shares and warrant
  18,463
  Equity in earnings of WOFE
  (10,284
  )
  Equity in earnings of VIE
  Equity in earnings of VIE's subsidiaries
  (277,443
  )
  Dividend distributed to shareholders
  Share-based compensation
  14,714
  Foreign currency translation
  (27,497
  )
  Balance at December 31, 2022
  235,767
  Issuance of Class A Ordinary Shares and warrant
  17,884
  Equity in earnings of WOFE
  (11,311
  )
  Equity in earnings of VIE
  -
  Equity in earnings of VIE's subsidiaries
  32,933
  Dividend distributed to shareholders
  -
  Share-based compensation
  7,264
  Foreign currency translation
  (5,112
  )
  Balance at December 31, 2023
  277,425
  Issuance of Class A Ordinary Shares and warrant
  24,838
  Equity in earnings of WOFE
  (20,255
  )
  Equity in earnings of VIE
  -
  Equity in earnings of VIE's subsidiaries
  (26,723
  )
  Share-based compensation
  17,540
  Foreign currency translation
  (3,047
  )
  Balance at December 31, 2024
  269,778
  9
  Recent Developments
  March 2025 Private Placement
  On March 19, 2025, the Company entered into certain
  securities purchase agreement (the "SPA") with certain ""non-U.S. Persons" (the "Purchasers")
  as defined in Regulation S of the Securities Act of 1933, as amended (the "Securities Act") pursuant to which the Company
  agreed to sell an aggregate of 222,337,500 units (the "Units"), each Unit consisting of one Class A Ordinary Share of the
  Company, par value $0.005 per share ("Share") and one warrant to purchase three Shares ("Warrant") with an initial
  exercise price of $0.0398 per Share, or approximately $5.97 per American depositary share of the Company ("ADS"), at a price
  of $0.034666 per Unit, or approximately $5.2 per ADS unit, for an aggregate purchase price of approximately $7.7 million (the "Offering").
  The Offering closed on April 9, 2025.
  2024 Change in ADS Ratio
  Effective November 19,
  2024, the Company changed the ratio of its ADS to Class A ordinary shares from one (1) ADS representing ten (10) Class A ordinary shares
  to one (1) ADS representing one hundred and fifty (150) Class A ordinary shares (the "ADS Ratio Change"). For the Company's
  ADS holders, the ADS Ratio Change will have the same effect as a one-for-fifteen reverse share split.
  Increase in Share
  Capital
  The Company
  held its 2024 annual general meeting of shareholders on August 15, 2024, pursuant to which the Company approved the increase of the Company's
  authorized share capital, from US$1,200,000 divided into 240,000,000 ordinary shares of par value of US$0.005 each, comprising of 196,000,000
  Class A Ordinary Shares of a par value of US$0.005 each ("Class A Ordinary Shares") and 44,000,000 Class B Ordinary Shares
  of a par value of US$0.005 each ("Class B Ordinary Shares"), to US$50,000,000 divided into 10,000,000,000 ordinary shares
  of par value of US$0.005 each (which shall rank pari passu in all respects with the existing Class B Ordinary Shares), comprising of 9,000,000,000
  Class A Ordinary Shares of a par value of US$0.005 each and 1,000,000,000 Class B Ordinary Shares of a par value of US$0.005 each.
  Implication of Being a Foreign Private Issuer
  We are a foreign private issuer within the meaning
  of the rules under the Exchange Act, and as such we are exempt from certain provisions of the securities rules and regulations in the
  United States that are applicable to U.S. domestic issuers. Moreover, the information we are required to file with or furnish to the SEC
  will be less extensive and less timely compared to that required to be filed with the SEC by U.S. domestic issuers. In addition, as an
  exempted company incorporated in the Cayman Islands, we are permitted to adopt certain home country practices in relation to corporate
  governance matters that differ significantly from the NYSE Stock Market Rules. See "Risk Factors—Risks Related to Our ADSs
  and Trading Market—We are a foreign private issuer within the meaning of the rules under the Exchange Act, and as such we are exempt
  from certain provisions applicable to U.S. domestic public companies."
  Corporate Information
  Our principal executive office is located at Building
  6, East Seaview Park, 298 Haijing Road, Yinzhu Street, West Coast New District, Qingdao City, Shandong Province, People's Republic
  of China 266400. Our telephone number is +86-532-86617117. We maintain a website at http://www.sosyun.com/ that contains information about
  our Company, and we make available free of charge through our website our annual report on Form 20-F, current reports on Form 6-K, and
  amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended,
  or the Exchange Act, as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC.
  10
  SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
  This prospectus and any prospectus supplement,
  and the information incorporated by reference herein may contain forward-looking statements that involve risks and uncertainties. All
  statements other than statements of historical facts are forward-looking statements. These forward-looking statements are made under the
  "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve known and
  unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different
  from those expressed or implied by the forward-looking statements. Sections of this prospectus, any accompanying prospectus supplement
  and the documents incorporated herein and therein by reference, particularly the sections entitled "Risk Factors," "Business"
  and "Management's Discussion and Analysis of Financial Condition and Results of Operations," among others, discuss factors
  which could adversely impact our business and financial performance.
  You can identify these forward-looking statements
  by words or phrases such as "may," "will," "expect," "anticipate," "aim,"
  "estimate," "intend," "plan," "believe," "is/are likely to" or other similar
  expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and
  financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These
  forward-looking statements include statements about:
  ●
  the
  continued growth of the automotive industry in mainland China;
  ●
  the
  impact of the COVID-19 pandemic on the PRC economy and our operations and financial performance;
  ●
  our
  ability to manage the expansion of our business and implement our business strategies;
  ●
  our
  ability to maintain and develop favorable relationships with industry customers;
  ●
  our
  ability to attract and retain automobile consumers;
  ●
  our
  ability to compete effectively; and
  ●
  relevant
  government policies and regulations relating to our industry.
  The forward-looking statements made in this prospectus
  or any prospectus supplement, or the information incorporated by reference herein relate only to events or information as of the date
  on which the statements are made in such document. Except as required by U.S. federal securities law, we undertake no obligation to update
  or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date
  on which the statements are made or to reflect the occurrence of unanticipated events. You should read this prospectus and any prospectus
  supplement, and the information incorporated by reference herein, along with any exhibits thereto, completely and with the understanding
  that our actual future results may be materially different from what we expect. Other sections of this prospectus, prospectus supplement
  and the documents incorporated by reference herein include additional factors which could adversely impact our business and financial
  performance. Moreover, we operate in an evolving environment. New risk factors emerge from time to time and it is not possible for our
  management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor,
  or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We qualify
  all of our forward-looking statements by these cautionary statements.
  This prospectus and any prospectus supplement,
  and the information incorporated by reference herein may also contain estimates, projections and statistical data that we obtained from
  industry publications and reports generated by government or third-party providers of market intelligence. Although we have not independently
  verified the data, we believe that the publications and reports are reliable. However, the statistical data and estimates in these publications
  and reports are based on a number of assumptions and if any one or more of the assumptions underlying the market data are later found
  to be incorrect, actual results may differ from the projections based on these assumptions. In addition, due to the rapidly evolving nature
  of the automotive industry in mainland China, projections or estimates about our business and financial prospects involve significant
  risks and uncertainties. You should not place undue reliance on these forward-looking statements.
  11
  RISK FACTORS
  Investing in the securities involves risk. You
  should carefully consider the risk factors and uncertainties described in this section and under the heading "Item 3. Key Information—D.
  Risk Factors" in the Form 20-F for the fiscal year ended December 31, 2024 (the "2024 20-F"), which is incorporated
  in this prospectus by reference, as updated by our subsequent filings under the Exchange Act, and, if applicable, in any accompanying
  prospectus supplement or documents incorporated by reference before investing in any of the securities that may be offered or sold pursuant
  to this prospectus. These risks and uncertainties could materially affect our business, results of operations or financial condition and
  cause the value of the securities to decline. You could lose all or part of your investment.
  Risks Related to Doing Business in China
  Uncertainties with respect
  to the PRC legal system could have a material adverse on us and the VIEs.
  The PRC legal system
  is a civil law system based on written statutes. Unlike the common law system, prior court decisions in a civil law system may be cited
  as reference but have limited precedential value. Since 1979, newly introduced PRC laws and regulations have significantly enhanced the
  protections of interest relating to foreign investments in mainland China. However, since these laws and regulations are relatively new
  and the PRC legal system continues to evolve rapidly, the interpretations of such laws and regulations may not always be consistent, and
  enforcement of these laws and regulations involves significant uncertainties, any of which could limit the available legal protections.
  In addition, the PRC
  administrative and judicial authorities have significant discretion in interpreting, implementing or enforcing statutory rules and contractual
  terms, and it may be more difficult to predict the outcome of administrative and judicial proceedings and the level of legal protection
  we and the VIEs may enjoy in the PRC than under some more developed legal systems. Furthermore, the PRC legal system is based in part
  on government policies and internal rules (some of which are not published in a timely manner or at all) that may have retroactive effect.
  These uncertainties may affect our decisions on the policies and actions to be taken to comply with PRC laws and regulations, and may
  affect our and the VIEs' ability to enforce our and their contractual or tort rights, respectively. In addition, the regulatory
  uncertainties may be exploited through unmerited legal actions or threats in an attempt to extract payments or benefits from us or the
  VIEs. Such uncertainties may therefore increase our and the VIEs' operating expenses and costs, and materially and adversely affect
  our and the VIEs' business and results of operations.
  The
  PRC government may exert, at any time, substantial intervention and influence over the manner of our operations, and the rules and regulations
  to which we are subject, including the ways they are enforced, may change rapidly and with little advance notice to us or our shareholders.
  Any such actions by the Chinese government, including any decision to intervene or influence the operations of our subsidiaries in mainland
  China or the VIEs or to exert control over any offering of securities conducted overseas and/or foreign investment in China-based issuers,
  may cause us to make material changes to the operations of our subsidiaries in mainland China or the VIEs, may limit or completely hinder
  our ability to offer or continue to offer securities to investors, and may cause the value of such securities to significantly decline
  or be worthless.
  The ability
  of our subsidiaries and the VIEs to operate in mainland China may be impaired by changes in its laws and regulations, including those
  relating to value-added telecommunications service industry, taxation, foreign investment limitations, and other matters.
  The PRC government may
  exert, at any time, substantial intervention and influence over the manner of our operations, and the rules and regulations to which we
  are subject, including the ways they are enforced, may change rapidly and with little advance notice to us or our shareholders. Recently,
  the PRC government initiated a series of regulatory actions and statements to regulate business operations in China with little advance
  notice, including cracking down on illegal activities in the securities market, enhancing supervision over China-based companies listed
  overseas, and adopting new measures to extend the scope of cybersecurity reviews and new laws and regulations relating to data security.
  The PRC government may impose new, stricter regulations or interpretations of existing regulations that would require additional expenditures
  and efforts on our part to ensure our subsidiaries in mainland China and the VIEs' compliance with such regulations or interpretations.
  As such, our subsidiaries in mainland China and the VIEs may be subject to various government actions and regulatory interference in the
  provinces in which they operate. They could be subject to regulation by various political and regulatory entities, including various local
  and municipal agencies and government sub-divisions. They may incur increased costs necessary to comply with existing and newly adopted
  laws and regulations or penalties for any failure to comply.
  12
  Furthermore, it is uncertain
  when and whether we will be required to obtain permission from the PRC government to maintain our listing status on U.S. exchanges in
  the future, and even when such permission is obtained, whether it will be later denied or rescinded. On December 24, 2021, the CSRC issued
  the Provisions of the State Council on the Administration of Overseas Securities Offering and Listing by Domestic Companies (Draft for
  Comments) and the Administrative Measures for the Filing of Overseas Securities Offering and Listing by Domestic Companies (Draft for
  Comments) (collectively, the "Draft Overseas Listing Regulations"), which propose to require companies in mainland China and
  their overseas special purpose vehicles that seek to offer and list in overseas markets to file with the CSRC and meet compliance rules
  for their listing. As advised by our PRC counsel, under existing applicable PRC laws, regulations and regulatory rules, our company, our
  WFOEs, the VIEs and their subsidiaries, are not required to obtain permission from the CSRC in connection with any such offering. In addition,
  none of them has received any notice of denial of permission to list on a U.S. exchange from any Chinese authorities. However, we cannot
  assure you that the relevant PRC government agencies, including the CSRC, would reach the same conclusion as our PRC counsel does. If
  the CSRC or any other PRC regulatory body subsequently determines that we need to file with the CSRC or obtain the CSRC's approval
  to maintain our listing status on U.S. exchanges or for the offering of securities by us under this prospectus or if the CSRC or any other
  PRC government authorities promulgates any interpretation or implements rules that would require us to file with or obtain approvals of
  the CSRC or other governmental bodies for any such listing status or offering, we may face adverse actions that could have a material
  and adverse effect on our business, reputation, financial condition, results of operations, prospects, as well as the trading price of
  the ADSs.
  Accordingly, government actions in the future,
  including any decision to intervene or influence the operations of our subsidiaries in mainland China or the VIEs at any time, or to exert
  control over an offering of securities conducted overseas and/or foreign investment in China-based issuers, may cause us to make material
  changes to the operations of our subsidiaries in mainland China or the VIEs, may limit or completely hinder our ability to offer or continue
  to offer securities to investors, and/or may cause the value of such securities to significantly decline or be worthless. We or the VIEs
  have not received any inquiry, notice, warning, or sanctions regarding our corporate structure, contractual arrangements, the VIEs'
  operations and the offering that we may make under this prospectus from the CSRC, CAC or any other PRC government authorities.
  The
  approval of and the filing with the CSRC or other PRC government authorities may be required in connection with an offshore offering under
  PRC law, and, if required, we cannot predict whether or for how long we will be able to obtain such approval or complete such filing.
  The Regulations on Mergers
  and Acquisitions of Domestic Companies by Foreign Investors (the "M&A Rules"), adopted by six PRC regulatory agencies
  in 2006 and amended in 2009, include, among other things, provisions that purport to require that an offshore special purpose vehicle,
  formed for the purpose of an overseas listing of securities through acquisitions of domestic enterprises in mainland China or assets and
  controlled by enterprises or individuals in mainland China, to obtain the approval of the CSRC prior to the listing and trading of such
  special purpose vehicle's securities on an overseas stock exchange. On September 21, 2006, pursuant to the M&A Rules and other
  PRC laws, the CSRC published on its official website relevant guidance regarding its approval of the listing and trading of special purpose
  vehicles' securities on overseas stock exchanges, including a list of application materials. However, substantial uncertainty remains
  regarding the scope and applicability of the M&A Rules to offshore special purpose vehicles. We completed our initial public offering
  on November 23, 2018. If the CSRC approval is required for any of the subsequent offshore offering or to maintain our offshore listing
  status on U.S. exchanges, it is uncertain whether we can or how long it will take us to obtain the approval and, even if we obtain such
  CSRC approval, the approval could be rescinded. Any failure to obtain or delay in obtaining the CSRC approval for any of our offshore
  offerings, or a rescission of such approval if obtained, may subject us to sanctions imposed by the CSRC or other PRC regulatory authorities,
  which may materially and adversely affect our business, financial condition, and results of operations.
  On July 6, 2021, the
  relevant PRC government authorities issued Opinions on Strictly Cracking Down Illegal Securities Activities in accordance with the Law.
  These opinions emphasized the need to strengthen the administration over illegal securities activities and the supervision on overseas
  listings by China-based companies and proposed to take effective measures, such as promoting the construction of relevant regulatory systems
  to deal with the risks and incidents faced by China-based overseas-listed companies. These opinions and any related implementation rules
  to be enacted may subject us to additional compliance requirement in the future. As these opinions were recently issued, official guidance
  to act upon and the interpretation thereof remain unclear at this time. We cannot assure that we will remain fully compliant with all
  new regulatory requirements of these opinions or any future implementation rules on a timely basis, or at all. On December 24, 2021, the
  CSRC issued the Draft Overseas Listing Regulations, which propose to establish a new filing-based regime to regulate overseas offerings
  and listings by domestic companies. Specifically, an overseas offering and listing by a company in mainland China, whether directly or
  indirectly, an initial or follow-on offering, must be filed with the CSRC. The examination and determination of an indirect offering and
  listing will be conducted on a substance-over-form basis, and an offering and listing shall be deemed as an indirect overseas offering
  and listing of a company in mainland China if the issuer meets the following conditions: (1) any of the operating income, gross profit,
  total assets, or net assets of the enterprise in mainland China in the most recent fiscal year was more than 50% of the relevant line
  item in the issuer's audited consolidated financial statement for that year; and (2) senior management personnel responsible for
  business operations and management are mostly citizens of mainland China or have domicile in mainland China, and the principal place of
  business is in mainland China or main business activities are carried out in mainland China. The issuer or its affiliated entity in mainland
  China, as the case may be, shall file with the CSRC for its initial public offering, follow-on offering and other equivalent offering
  activities. Particularly, the issuer shall submit the filing with respect to its initial public offering and listing within three business
  days after its initial filing of the listing application, and submit the filing with respect to its follow-on offering within three business
  days after the completion of the follow-on offering. Failure to comply with the filing requirements may result in fines to the relevant
  companies in mainland China, suspension of their businesses, revocation of their business licenses and operation permits and fines on
  the controlling shareholder and other responsible persons. The Draft Overseas Listing Regulations also set forth certain regulatory red
  lines for overseas offerings and listings by enterprises in mainland China.
  13
  There are substantial
  uncertainties as to whether these draft measures to regulate direct or indirect overseas offering and listing would be further amended
  or updated, their enactment timetable and final content. In a Q&A released on CSRC's official website on December 24, 2021,
  the respondent CSRC official indicated that the proposed new filing requirement will start with new issuers and listed companies seeking
  follow-on financing and other financing activities. As for the filings for other listed companies, the regulator will grant adequate transition
  period and apply separate arrangements. The Q&A also pointed out that, if compliant with relevant PRC laws and regulations, companies
  with compliant VIE structure may seek overseas listing after completion of the CSRC filings. Nevertheless, the Q&A did not specify
  what would qualify as a "compliant VIE structure" and what relevant PRC laws and regulations are required to be complied with.
  As advised by our PRC counsel, under existing applicable PRC laws, regulations and regulatory rules, our company, our WFOEs, the VIEs
  and their subsidiaries, are not required to obtain permission from the CSRC in connection with any such offering. In addition, none of
  them has received any notice of denial of permission to list on a U.S. exchange from any Chinese authorities. However, we cannot assure
  you that the relevant PRC government agencies, including the CSRC, would reach the same conclusion as our PRC counsel does. Given the
  substantial uncertainties surrounding the latest CSRC filing requirements at this stage, we cannot assure you that, if ever required,
  we would be able to complete the filings and fully comply with the relevant new rules on a timely basis, or at all.
  On December 27, 2021,
  the NDRC and MOFCOM jointly issued the Negative List (2021 Version), which became effective on January 1, 2022. Pursuant to the Negative
  List (2021 Version), if a company in mainland China engaging in the prohibited business stipulated in the Negative List (2021 Version)
  seeks an overseas offering and listing, it shall obtain the approval from the competent governmental authorities. The foreign investors
  of the issuer shall not be involved in the company's operation and management, and their shareholding percentages shall be subject,
  mutatis mutandis, to the relevant regulations on the domestic securities investments by foreign investors. As the 2021 Negative List is
  relatively new, there remain substantial uncertainties as to the interpretation and implementation of these new requirements, and it is
  unclear as to whether and to what extent listed companies like us will be subject to these new requirements. If we are required to comply
  with these requirements and fail to do so on a timely basis, if at all, our business operation, financial condition and business prospect
  may be adversely and materially affected.
  On April
  2, 2022, the CSRC published the Provisions on Strengthening the Confidentiality and Archives Administration Related to the Overseas Securities
  Offering and Listing by Domestic Enterprises (Draft for Comments) (the "Draft Provisions on Confidentiality and Archives Administration"),
  which was open for public comments until April 17, 2022. The Draft Provisions on Confidentiality and Archives Administration requires
  that, in the process of overseas issuance and listing of securities by domestic entities, the domestic entities, and securities companies
  and securities service institutions that provide relevant securities service shall strictly implement the provisions of relevant laws
  and regulations and the requirements of these provisions, establish and improve rules on confidentiality and archives administration.
  Where the domestic entities provide with or publicly disclose documents, materials or other items related to the state secrets and government
  work secrets to the relevant securities companies, securities service institutions, overseas regulatory authorities, or other entities
  or individuals, the companies shall apply for approval of competent departments with the authority of examination and approval in accordance
  with law and report the matter to the secrecy administrative departments at the same level for record filing. Where there is unclear or
  controversial whether or not the concerned materials are related to state secrets, the materials shall be reported to the relevant secrecy
  administrative departments for determination. However, the Draft Provisions on Confidentiality and Archives Administration have not yet
  been settled or become effective, and there remain uncertainties regarding the further interpretation and implementation of the Draft
  Provisions on Confidentiality and Archives Administration.
  In addition, we cannot
  assure you that any new rules or regulations promulgated in the future will not impose additional requirements on us. If it is determined
  in the future that approval and filing from the CSRC or other regulatory authorities or other procedures, including the cybersecurity
  review under the Measures for Cybersecurity Review and the annual data security review under the Administrative Measures for Internet
  Data Security (Draft for Comments), are required for our offshore offerings, it is uncertain whether we can or how long it will take us
  to obtain such approval or complete such filing procedures and any such approval or filing could be rescinded or rejected. For details,
  see "— Failure to comply with governmental regulations and other legal obligations concerning data protection and cybersecurity
  may materially and adversely affect our business." As of the date of this prospectus, we have not received any inquiry or notice
  or any objection to this offering from the CSRC, the CAC or any other PRC governmental authorities that have jurisdiction over our operations.
  However, given the current regulatory environment in mainland China, there remains uncertainty regarding the interpretation and enforcement
  of PRC laws, which can change quickly with little notice in advance and subject to any future actions within the discretion of PRC authorities.
  Any failure to obtain or delay in obtaining such approval or completing such filing procedures for our offshore offerings, or a rescission
  of any such approval or filing if obtained by us, may subject us to sanctions by the CSRC or other PRC regulatory authorities, which could
  materially and adversely affect our business, results of operations, financial condition and prospects, as well as the trading price of
  our listed securities. The CSRC or other PRC regulatory authorities also may take actions requiring us, or making it advisable for us,
  to halt our offshore offerings before settlement and delivery of the shares offered. Consequently, if investors engage in market trading
  or other activities in anticipation of and prior to settlement and delivery, they do so at the risk that settlement and delivery may not
  occur. In addition, if the CSRC or other regulatory authorities later promulgate new rules or explanations requiring that we obtain their
  approvals or accomplish the required filing or other regulatory procedures for our prior offshore offerings, we may be unable to obtain
  a waiver of such approval requirements, if and when procedures are established to obtain such a waiver. Any uncertainties or negative
  publicity regarding such approval requirement could materially and adversely affect our business, prospects, financial condition, reputation,
  and the trading price of our listed securities.
  14
  Failure to comply
  with governmental regulations and other legal obligations concerning data protection and cybersecurity may materially and adversely affect
  our business.
  We and the VIEs are subject
  to PRC laws and regulations governing the collecting, storing, sharing, using, processing, disclosure and protection of data on the internet
  and mobile platforms as well as cybersecurity. The PRC regulators, including the MIIT and the CAC, have been increasingly focused on regulation
  in the areas of cybersecurity and data protection and governmental authorities have enacted a series of laws and regulations to enhance
  the protection of privacy and data, which require certain authorization or consent from users prior to collection, use or disclosure of
  their personal data and also protection of the security of the personal data of such users. The MIIT issued the Order for the Protection
  of Telecommunications and Internet User Personal Information on July 16, 2013, requiring internet service providers to establish and publish
  protocols relating to the collection or use of personal information, keep any collected information strictly confidential and take technological
  and other measures to maintain the security of such information. Institutions and their employees are prohibited from selling or otherwise
  illegally disclosing a person's personal information obtained during the course of performing duties or providing services. Pursuant
  to the PRC Cybersecurity Law, effective on June 1, 2017, network operators are required to fulfill certain obligations to safeguard cyber
  security and enhance network information management. See "Item 4. Information on the Company — B. Business Overview —
  Regulations — Regulations relating to internet information security and privacy protection" of the 2023 Form 20-F.
  Moreover, existing PRC
  privacy, cybersecurity and data protection-related laws and regulations are evolving and subject to potentially differing interpretations,
  and various legislative and regulatory bodies may expand current or enact new laws and regulations regarding privacy, cybersecurity and
  data protection-related matters. These developments could adversely affect our and the VIEs' business, operating results and financial
  condition. Any failure or perceived failure by us or the VIEs to comply with new or existing PRC privacy, cybersecurity or data protection
  laws, regulations, policies, industry standards or legal obligations, or any systems failure or security incident that results in the
  unauthorized access to, or acquisition, release or transfer of, personally identifiable information or other data relating to customers
  or individuals may result in governmental investigations, inquiries, enforcement actions and prosecutions, private claims and litigation,
  fines and penalties, adverse publicity or potential loss of business. For example, on June 10, 2021, the Standing Committee of the National
  People's Congress (the "Standing Committee of the NPC"), promulgated the PRC Data Security Law, which took effect in
  September 2021. The PRC Data Security Law provides for data security obligations on entities and individuals carrying out data activities.
  The PRC Data Security Law also introduces a national security review procedure for those data activities which may affect national security
  and imposes export restrictions on certain data information. Furthermore, along with the promulgation of the Opinions on Strictly Cracking
  Down Illegal Securities Activities in accordance with the Law, overseas-listed China-based companies are experiencing a heightened scrutiny
  over their compliance with laws and regulations regarding data security, cross-border data flow and management of confidential information
  from PRC regulatory authorities.
  15
  On August 20, 2021, the
  Standing Committee of the NPC issued the Personal Information Protection Law, which has been effective from November 1, 2021 and reiterates
  the circumstances under which a personal information processor could process personal information and the requirements for such circumstances.
  The Personal Information Protection Law clarifies the scope of application, the definition of personal information and sensitive personal
  information, the legal basis of personal information processing and the basic requirements of notice and consent.
  On October 29, 2021,
  the CAC publicly solicited opinions on the Measures for the Security Assessment of Data Cross-border Transfer (Draft for Comments), which
  requires that any data processor who provides to an overseas recipient important data collected and generated during operations within
  the territory of the PRC or personal information that should be subject to security assessment shall conduct security assessment. The
  Measures for the Security Assessment of Data Cross-border Transfer was adopted on July 7, 2022 and will take effect on September 1, 2022.
  On November 14, 2021,
  the CAC publicly solicited opinions on the Administrative Measures for Internet Data Security (Draft for Comments) (the "Draft Measures
  for Internet Data Security"), which requires that data processors processing "important data" or listed overseas shall
  conduct an annual data security assessment by itself or commission a data security service provider to do so and submit the assessment
  report for the preceding year to the municipal cybersecurity department by the end of January each year. As of the date of this prospectus,
  the Draft Measures for Internet Data Security has not been formally adopted. However, if the Draft Measures for Internet Data Security
  were to be enacted in the current form, we, as an overseas listed company, will be required to conduct an annual data security review
  and comply with the relevant reporting obligations. Furthermore, according to the Draft Measures for Internet Data Security, data processors
  shall, in accordance with relevant state provisions, apply for cyber security review when carrying out the following activities: (1) the
  merger, reorganization or separation of internet platform operators that have acquired a large number of data resources related to national
  security, economic development or public interests, which affects or may affect national security, (2) data processors that handle the
  personal information of more than one million people intends to be listed abroad, (3) the data processor intends to be listed in Hong
  Kong, which affects or may affect national security, and (4) other data processing activities that affect or may affect national security.
  It remains uncertain whether the requirement of cybersecurity review applies to follow-on offerings by an overseas-listed online platform
  operator that possesses personal data of more than one million users. We completed our initial public offering on November 23, 2018, and
  the ADSs have been listed on Nasdaq Capital Market since November 2018. Considering the substantial uncertainties existing with respect
  to the enactment timetable, final content, interpretation and implementation of the Draft Measures for Internet Data Security, in particular
  with respect to the explanation or interpretation for "affects or may affect national security," there remain uncertainties
  as to whether our data processing activities may be deemed to affect national security, thus subjecting us to a cybersecurity review.
  As of the date of this prospectus, we have not received any formal notice from any cybersecurity regulator that we shall be subject to
  a cybersecurity review.
  On December 28, 2021,
  the CAC and 12 other government authorities published the Measures for Cybersecurity Review, which took effect on February 15, 2022. The
  Measures for Cybersecurity Review provides that certain operators of critical information infrastructure purchasing internet products
  and services or network platform operators carrying out data processing activities, which affect or may affect national security, must
  apply with the Cybersecurity Review Office for a cybersecurity review. On July 30, 2021, the State Council promulgated the Regulations
  on Protection of Critical Information Infrastructure, which became effective on September 1, 2021. Pursuant to the Regulations on Protection
  of Critical Information Infrastructure, critical information infrastructure shall mean any important network facilities or information
  systems of an important industry or field, such as public communication and information service, energy, communications, water conservation,
  finance, public services, e-government affairs and national defense science, and any other important network facilities or information
  system which may endanger national security, people's livelihoods and public interest in the event of damage, function loss or data
  leakage. In addition, relevant administrative departments of each critical industry and sector, shall be responsible to formulate eligibility
  criteria and determine the critical information infrastructure operator in the respective industry or sector. The operators shall be informed
  about the final determination as to whether they are categorized as critical information infrastructure operators. As of the date of this
  prospectus, the exact scope of "critical information infrastructure operators" under the current regulatory regime remains
  unclear, and we have not been informed that we are identified as a critical information infrastructure operator by any governmental authorities.
  Furthermore, since the Measures for Cybersecurity Review is relatively new and the determination of "affecting national security"
  are subject to further explanations and interpretations, there remain uncertainties as to whether our data processing activities may be
  deemed to affect national security and whether we would be required to apply for a cybersecurity review. In light of such uncertainties
  in relation to the interpretations and implementation of Measures for Cybersecurity Review, we cannot predict the impact of the Measures
  for Cybersecurity Review and will continue to closely monitor and assess the statutory developments in this regard. If we are identified
  as an operator of "critical information infrastructure," we would be required to fulfill various obligations as required under
  PRC cybersecurity laws and other applicable laws for such operators of "critical information infrastructure," and we may be
  subject to cybersecurity review procedure before making certain purchases of network products and services, which could lead to adverse
  impacts on our business and a diversion of time and attention of our management and our other resources. Furthermore, there can be no
  assurance that we will obtain the clearance or approval for these applications from the Cybersecurity Review Office and the relevant regulatory
  authorities in a timely manner, or at all. If we are found to be in violation of cybersecurity requirements of the PRC, the relevant governmental
  authorities may conduct investigations, levy fines, or require us to change our business practices in a manner materially adverse to our
  business. Any of these actions may disrupt our operations and adversely affect our business, results of operations and financial condition.
  Currently, the cybersecurity laws and regulations in force have not directly affected our business and operations, but in anticipation
  of the strengthened implementation of cybersecurity laws and regulations and the expansion of our business, we face potential risks if
  we are deemed as a CIIO under the Cybersecurity Law. In such case, we must fulfill certain obligations as required under the Cybersecurity
  Law and other applicable laws, including, among others, storing personal information and important data collected and produced within
  the PRC territory during our operations in mainland China, which we are already doing in our business, and we may be subject to review
  when purchasing internet products and services. As the Measures for Cybersecurity Review took effect in February 2022, we may be subject
  to review when conducting data processing activities, and may face challenges in addressing its requirements and make necessary changes
  to our internal policies and practices in data processing. As of the date of this prospectus, we have not been involved in any investigations
  on cybersecurity review made by the CAC on such basis, and we have not received any inquiry, notice, warning, or sanctions in such respect.
  Based on the foregoing, we and our PRC legal counsel do not expect that, as of the date of this prospectus, the applicable PRC laws on
  cybersecurity currently in effect would have a material adverse impact on our business.
  16
  Complying with these
  obligations concerning data protection and cybersecurity could cause us to incur substantial costs. As the interpretation and application
  of cybersecurity laws, regulations and standards of the PRC are still uncertain and evolving, we may be required to make further adjustments
  to our and the VIEs' business practices to comply with the enacted form of the laws, which may increase our compliance cost and
  adversely affect our business performance. We expect that there will continue to be new proposed laws, rules of self-regulatory bodies,
  regulations and industry standards concerning privacy, data protection and information security in the PRC, and we cannot yet determine
  the impact such future laws, rules, regulations and standards may have on our business.
  Moreover, we may not
  disclose any personal data or information, unless required by the competent PRC authorities through certain procedures required by the
  laws, for the purpose of, among others, safeguarding the national security, investigating crimes, investigating infringement of information
  network communications rights, or cooperating with the supervision and inspection of telecommunications regulatory authorities. Failure
  to comply with these requirements could subject us to fines and penalties.
  Trading
  in our securities on any U.S. stock exchange and the U.S. over the counter market may be prohibited under the HFCA Act or the Accelerating
  Holding Foreign Companies Accountable Act if the SEC subsequently determines our audit work is performed by auditors that the PCAOB is
  unable to inspect or investigate completely, and as a result, U.S. national securities exchanges, such as the Nasdaq, may determine to
  delist our securities, and our securities may be prohibited from being traded over the counter.
  The HFCA Act was enacted
  on December 18, 2020. The HFCA Act states if the SEC determines that we have filed audit reports issued by a registered public accounting
  firm that has not been subject to inspection by the PCAOB for three consecutive years beginning in 2021, the SEC shall prohibit our shares
  or ADSs from being traded on a national securities exchange or in the over the counter trading market in the United States.
  On March 24, 2021, the
  SEC adopted interim final rules relating to the implementation of certain disclosure and documentation requirements of the HFCA Act. A
  company will be required to comply with these rules if the SEC identifies it as having a "non-inspection" year under a process
  to be subsequently established by the SEC. The SEC is assessing how to implement other requirements of the HFCA Act, including the listing
  and trading prohibition requirements described above. Furthermore, on June 22, 2021, the U.S. Senate passed the Accelerating Holding Foreign
  Companies Accountable Act, which, if enacted, would amend the HFCA Act and require the SEC to prohibit an issuer's securities from
  trading on any U.S. stock exchanges if its auditor is not subject to PCAOB inspections for two consecutive years instead of three. On
  September 22, 2021, the PCAOB adopted a final rule implementing the HFCA Act, which provides a framework for the PCAOB to use when determining,
  as contemplated under the HFCA Act, whether the PCAOB is unable to inspect or investigate completely registered public accounting firms
  located in a foreign jurisdiction because of a position taken by one or more authorities in that jurisdiction. On December 2, 2021, the
  SEC issued amendments to finalize rules implementing the submission and disclosure requirements in the HFCA Act. The rules apply to registrants
  that the SEC identifies as having filed an annual report with an audit report issued by a registered public accounting firm that is located
  in a foreign jurisdiction and that PCAOB is unable to inspect or investigate completely because of a position taken by an authority in
  foreign jurisdictions. On December 16, 2021, the PCAOB issued a Determination Report which found that the PCAOB is unable to inspect or
  investigate completely registered public accounting firms headquartered in mainland China and Hong Kong.
  Our current auditor,
  Audit Alliance LLP ("Audit Alliance"), the independent registered public accounting firm that issues the audit report included
  in the 2023 Form 20-F, as an auditor of companies that are traded publicly in the United States and a firm registered with the PCAOB,
  is subject to laws in the United States pursuant to which the PCAOB conducts regular inspections to assess its compliance with the applicable
  professional standards. Audit Alliance is headquartered in Singapore, and, as of the date of this prospectus, was not included in the
  list of PCAOB Identified Firms in the PCAOB Determination Report issued in December 2021. Our ability to retain an auditor subject to
  PCAOB inspection and investigation, including but not limited to inspection of the audit working papers related to us, may depend on the
  relevant positions of U.S. and Chinese regulators. Audit Alliance's audit working papers are kept in Singapore.
  Whether
  the PCAOB will be able to conduct inspections of our auditor, including but not limited to inspection of the audit working papers related
  to us, in the future is subject to substantial uncertainty and depends on a number of factors out of our, and our auditor's, control.
  If our shares and ADSs are prohibited from trading in the United States, there is no certainty that we will be able to list on a non-U.S.
  exchange or that a market for our shares will develop outside of the United States. Such a prohibition would substantially impair your
  ability to sell or purchase our ADSs when you wish to do so, and the risk and uncertainty associated with delisting would have a negative
  impact on the price of our ADSs. Also, such a prohibition would significantly affect our ability to raise capital on terms acceptable
  to us, or at all, which would have a material adverse impact on our business, financial condition, and prospects.
  17
  There
  are difficulties in bringing actions and enforcing foreign judgments in China against us, our management or our assets.
  We are incorporated in the Cayman Islands, but
  most of our, our subsidiaries' and the VIEs' operations are conducted in mainland China and most of our, our subsidiaries'
  and the VIEs' assets are located in mainland China. In addition, most of our directors and officers are nationals and/or residents
  of the PRC, and all or a substantial portion of their assets are located in mainland China. As a result, it may be difficult or impossible
  for you to bring an action against us or against these individuals in the United States in the event that you believe we have violated
  your rights or have a claim against us, either under United States federal or state securities laws or otherwise. Even if you are successful
  in bringing an action of this kind, the laws of the Cayman Islands and of China may not allow you to enforce a judgment against our assets
  or the assets of our directors and officers.
  It may also be difficult for our shareholders
  to effect service of process upon us or those persons in mainland China. As advised by our PRC legal counsel, China currently does not
  have treaties providing for the reciprocal recognition and enforcement of court judgments with the Cayman Islands, United States and many
  other countries and regions. Therefore, with respect to matters that are not subject to a binding arbitration provision, it may be difficult
  or impossible to recognize and enforce judgments of any of those non-PRC jurisdictions in a China court.
  Our
  Hong Kong subsidiary could become subject to more influence and/or control of the PRC government if the Hong Kong legal system becomes
  more integrated into the PRC legal system.
  Hong Kong
  is currently a separate jurisdiction from mainland China. The national laws and regulations of the PRC, including but not limited to the
  Measures for Cybersecurity Review and other PRC regulations, are not applicable in Hong Kong, except for those listed in the Basic Law
  of the Hong Kong Special Administrative Region of the PRC (the "Basic Law"). However, such list of national laws and regulations
  that are applicable in Hong Kong can be expanded by amendment to the Basic Law. There is no assurance that (1) the Basic Law will not
  be further amended to appl more PRC laws and regulations in Hong Kong, or (2) the PRC and/or Hong Kong government will not take other
  actions to promote the integration of Hong Kong legal system into the PRC legal system. Our Hong Kong subsidiary could be subject to more
  influence and/or control of the PRC government or even direct oversight or intervention thereof if the Hong Kong legal system becomes
  more integrated into the PRC legal system. We cannot assure you that our Hong Kong subsidiary will not be exposed to the similar regulatory
  and/or policy risks and uncertainties faced by our subsidiaries in mainland China in the future.
  Neither the Securities and Exchange Commission
  nor any state securities commission has approved or disapproved these securities, or determined if this prospectus is truthful or complete.
  Any representation to the contrary is a criminal offense.
  USE OF PROCEEDS
  The proceeds from the sale of the shares offered
  pursuant to this prospectus are solely for the account of the Selling Stockholder. We will not receive any of the proceeds from any sale
  of shares by the Selling Stockholder.
  SELLING STOCKHOLDER
  The Shares being registered by this prospectus
  consists of 58,656 Ordinary Shares held by the Selling Stockholder as of the date of this reoffer prospectus and issued to the Selling
  Stockholder pursuant to an award agreement by and between the Company and the Selling Stockholder. The award was granted to the Selling
  Stockholder as compensation to the Selling Stockholder as a Director of the Company's board of directors.
  We are registering these Shares to permit the Selling Stockholder to
  resell these Shares when he deems appropriate. The Selling Stockholder may resell all, a portion, or none of the Shares, at any time
  and from time to time following vesting and settlement of the restricted stock units. The Selling Stockholder may also sell, transfer
  or otherwise dispose of some or all of the Shares in transactions exempt from the registration requirements of the Securities Act of 1933,
  as amended (the "Securities Act"). We do not know when or in what amounts the Selling Stockholder may offer the Shares for
  sale under this prospectus. The following table sets forth: (i) the number and percentage of shares of our Ordinary Shares that the Selling
  Stockholder beneficially owned as of June 18, 2025 prior to the offering for resale of the shares under this prospectus; (ii) the number
  of shares of our Ordinary Shares that may be offered for resale for the account of the Selling Stockholder under this prospectus; and
  (iii) the number and percentage of shares of our Ordinary Shares to be beneficially owned by the Selling Stockholder after the offering
  of the resale shares (assuming all of the offered resale shares are sold by the Selling Stockholder).
  Number
      of Shares Beneficially
  Owned Prior to Offering
  Number
      of Shares Being
  Number
                                              of Shares Beneficially
  Owned
                                              After the Offering (1)
  Number
  Percent
  Offered
  Number
  Percent
  58,656
  *
  58,656
  0
  *
  *
  Less than 1%
  (1)
  Assumes
  that all of the Shares held by the Selling Stockholder and being offered under this prospectus are sold, and that the Selling Stockholder
  will not acquire additional common shares before the completion of this offering.
  18
  PLAN OF DISTRIBUTION
  The purpose of this reoffer prospectus is to allow
  the Selling Stockholder to offer for sale and sell all or a portion of his shares acquired in connection with the provision of services
  to the Company. The Selling Stockholder may sell the Shares registered pursuant to this reoffer prospectus directly to purchasers or through
  broker-dealers or agents, who may receive compensation in the form of discounts, concessions or commissions from the Selling Stockholder
  or the purchasers. These commissions as to any particular broker-dealer or agent may be in excess of those customary in the types of transactions
  involved. Neither we nor the Selling Stockholder can presently estimate the amount of this compensation.
  The Ordinary Shares offered under this reoffer
  prospectus may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of sale, at prices related
  to the prevailing market prices, at varying prices determined at the time of sale, or at negotiated prices. These sales may be effected
  in transactions, which may involve block transactions, on any national securities exchange on which the Company's Ordinary Shares may
  be then-listed.
  The aggregate proceeds to the Selling Stockholder
  from the sale of the Shares will be the purchase price of the Shares less discounts and commissions, if any. The Selling Stockholder reserve
  the right to accept and, together with his agents from time to time, to reject, in whole or in part, any proposed purchase of the Shares
  to be made directly or through agents. We will not receive any of the proceeds from a sale of the Shares by the Selling Stockholder.
  The Selling Stockholder and any broker-dealers
  or agents that participate in the sale of the Shares may be deemed to be "underwriters" under the Securities Act. Any discounts,
  commissions, concessions or profit they earn on any resale of the shares may be underwriting discounts and commissions under the Securities
  Act. If the Selling Stockholder is an "underwriter" under the Securities Act, the Selling Stockholder will be subject to the
  prospectus delivery requirements of the Securities Act.
  The Shares to be offered or resold by means of
  this reoffer prospectus by the Selling Stockholder may not exceed, during any three-month period, the amount specified in Rule 144(e)
  under the Securities Act; provided, however, that such limitation will no longer be applicable when the Company satisfies the registrant
  requirements for use of Form F-3. In addition, any securities covered by this reoffer prospectus which qualify for sale pursuant to Rule 144
  of the Securities Act may be sold under Rule 144 of the Securities Act rather than pursuant to this reoffer prospectus.
  There can be no assurance that the Selling Stockholder
  will sell any or all of the securities offered by him hereby.
  LEGAL MATTERS
  We are being represented by Hunter Taubman Fischer & Li LLC with
  respect to certain legal matters as to United States federal securities and New York State law. The validity of the Class A ordinary shares
  represented by the ADSs offered in this offering will be passed upon for us by Maples and Calder (Hong Kong) LLP. Certain legal matters
  as to PRC law will be passed upon for us by Hebei Changjun Law Firm. Hunter Taubman Fischer & Li LLC may rely upon Maples and Calder
  (Hong Kong) LLP with respect to matters governed by Cayman Islands law and Hebei Changjun Law Firm with respect to matters governed by
  PRC law.
  EXPERTS
  The consolidated financial statements of our company
  as of December 31, 2024 and 2023, and for each of the three years in the period ended December 31, 2024 incoporated by reference in this prospectus have
  been so included in reliance on the report of Audit Alliance LLP, an independent registered public accounting firm, given on the authority
  of said firm as experts in auditing and accounting.
  The offices of Audit Alliance LLP is located
  at 20 Maxwell Road, Singapore 069113.
  WHERE YOU CAN FIND MORE INFORMATION
  We file annual, quarterly and current reports,
  proxy statements and other information with the Commission under the Exchange Act. You may read and copy any reports, statements or other
  information on file at the SEC's public reference facility located at 100 F Street, N.E., Washington, D.C. 20549. Please call the
  Commission at 1-800-SEC-0330 for further information regarding its public facilities. Our Commission filings, including the complete registration
  statement of which this prospectus is a part, are available to the public from commercial document retrieval services and also available
  at the internet website maintained by the Commission at http://www.sec.gov.
  19
  INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
  The Commission allows us to "incorporate by reference"
  into this prospectus the information we file with it, which means that we can disclose important information to you by referring you to
  those documents. The information incorporated by reference is an important part of this prospectus, and information that we file later
  with the Commission will automatically update and supersede this information. We incorporate by reference the documents listed below and
  any future filings made with the Commission under Sections 13(a), 13(c), 14, or 15(d) of the Securities Exchange Act of 1934 subsequent
  to the date of this registration statement until the end of any offerings under this prospectus:
  The following documents filed with the Securities
  and Exchange Commission (the "Commission") are incorporated by reference as of their respective dates in this Registration
  Statement:
  (a)
  The Registrant's latest annual report on
  Form 20-F
  for
  the year ended December 31, 2024 filed with the SEC on May 15, 2025 (File No. 001-38051) under the Securities Exchange Act of 1934, as
  amended (the "Exchange Act");
  (b)
  The Registrant's reports on Form 6-K furnished
  to the Commission on
  March 19, 2025
  and
  April 11, 2025
  ; and
  (c)
  The description of the Registrant's Class A Ordinary
  shares incorporated by reference in the Registrant's registration statement on
  Form 8-A
  (File No. 001-38051) filed
  with the Commission on April 4, 2017, including any amendment and report subsequently filed for the purpose of updating that description.
  In addition, this Registration Statement will
  incorporate by reference all other documents subsequently filed by the Registrant under Section 13(a), 13(c), 14 and 15(d) of the
  Exchange Act prior to the filing of a post-effective amendment to this Registration Statement indicating that all securities offered have
  been sold or deregistering all securities then remaining unsold. All those documents will be considered a part of this Registration Statement
  from the respective dates the Registrant files them. Any statement in a document incorporated or deemed to be incorporated by reference
  in this Registration Statement will be deemed to be modified or superseded to the extent that a statement contained in this Registration
  Statement or in any other later filed document that also is or is deemed to be incorporated by reference modifies or supersedes the statement.
  Any statement modified or superseded will not be deemed, except as modified or superseded, to be a part of this Registration Statement.
  We are not incorporating by reference (i) any information furnished
  under items 2.02 or 7.01 (or corresponding information furnished under item 9.01 or included as an exhibit) in any past or future current
  report on Form 8-K or (ii) any Form S-D, that, in either case, we may file or furnish with the SEC, unless otherwise specified in such
  current report or in such form or in a particular prospectus supplement.
  This prospectus is part of a registration statement on Form S-8 filed
  with the Commission under the Securities Act of 1933. This prospectus does not contain all of the information set forth in the registration
  statement. You should read the registration statement for further information about the Company and our Ordinary Shares.
  Documents incorporated by reference are available from us, without
  charge, excluding all exhibits unless specifically incorporated by reference in the documents. You may obtain documents incorporated by
  reference in this prospectus by writing to us at the following address or by calling us at the telephone number listed below:
  SOS Limited
  Building 6, East Seaview Park, 298 Haijing Road, Yinzhu Street
  West Coast New District, Qingdao City, Shandong
  Province 266400
  People's Republic of China
  +86-532-86617117
  You should rely only on the information incorporated by reference or
  provided in this prospectus or any prospectus supplement. We have not authorized anyone else to provide you with different information.
  You should not assume that the information in this prospectus or any prospectus supplement is accurate as of any date other than the date
  on the front page of those documents.
  20
  Part I
  INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
  Item 1.
  Plan Information
  The document(s) containing the information specified in Part I of the Registration Statement will be sent or given to the participants as specified by Rule 428(b)(1) under the Securities Act. Such documents are not required to be, and are not, filed with the Securities and Exchange Commission (the "SEC"), either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act. These documents, and the documents incorporated by reference herein pursuant to Item 3 of Part II hereof, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.
  Item 2.
  Registrant Information and Employee Plan Annual Information
  *
  The written statement required by Item 2 of Part I is included in documents that will be delivered to participants in the plans covered by this Registration Statement pursuant to Rule 428(b) under the Securities Act. In accordance with the rules and regulations of the SEC and the instructions to Form S-8, such documents are not being filed with the SEC either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.
  I-
  1
  Part II
  INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
  Item 3.
  Incorporation of Documents by Reference.
  The following documents filed with the Securities
  and Exchange Commission (the "Commission") are incorporated by reference as of their respective dates in this Registration
  Statement:
  (a)
  The Registrant's latest annual report on Form 20-F for
  the year ended December 31, 2024 filed with the SEC on May 15, 2025 (File No. 001-38051) under the Securities Exchange Act of 1934, as
  amended (the "Exchange Act");
  (b)
  The Registrant's reports on Form 6-K furnished
  to the Commission on March 19, 2025 and April 11, 2025; and
  (c)
  The description of the Registrant's Class A Ordinary
  shares incorporated by reference in the Registrant's registration statement on Form 8-A (File No. 001-38051) filed
  with the Commission on April 4, 2017, including any amendment and report subsequently filed for the purpose of updating that description.
  In addition, this Registration Statement will
  incorporate by reference all other documents subsequently filed by the Registrant under Section 13(a), 13(c), 14 and 15(d) of the
  Exchange Act prior to the filing of a post-effective amendment to this Registration Statement indicating that all securities offered
  have been sold or deregistering all securities then remaining unsold. All those documents will be considered a part of this Registration
  Statement from the respective dates the Registrant files them. Any statement in a document incorporated or deemed to be incorporated
  by reference in this Registration Statement will be deemed to be modified or superseded to the extent that a statement contained in this
  Registration Statement or in any other later filed document that also is or is deemed to be incorporated by reference modifies or supersedes
  the statement. Any statement modified or superseded will not be deemed, except as modified or superseded, to be a part of this Registration
  Statement.
  Item 4.
  Description of Securities.
  Not applicable.
  Item 5.
  Interests of Named Experts and Counsel.
  Not applicable.
  Item 6.
  Indemnification of Directors and Officers.
  Cayman Islands law does not limit the extent
  to which a company's articles of association may provide for indemnification of officers and directors, except to the extent any
  such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil
  fraud or the consequences of committing a crime. The Registrant's Sixth Amended and Restated Memorandum and Articles of Association
  provide for indemnification of each of the Registrant's officers and directors against all actions, proceedings, costs, charges,
  expenses, losses, damages or liabilities incurred or sustained by such indemnified person, other than by reason of his or her own dishonesty,
  willful default or fraud, in or about the conduct of the Registrant's business or affairs (including as a result of any mistake
  or judgement) or in the execution or discharge of his or her duties, powers, authorities or discretions, including without prejudice to
  the generality of the foregoing, any costs, expenses, losses or liabilities incurred by such indemnified person in defending (whether
  successfully or otherwise) any civil proceedings concerning the Registrant or its affairs in any court whether in the Cayman Islands or
  elsewhere.
  II-
  1
  Pursuant to the form of indemnification agreement,
  which was filed as Exhibit 10.6 to the Registrant's registration statement on Form F-1, as amended (Registration No. 333-217064), the
  Registrant has agreed to indemnify its directors and executive officers against certain liabilities and expenses incurred by such person
  in connection with claims made by reason of their being such a director or officer.
  The form of underwriting agreement, which was
  filed as Exhibit 1.1 to the Registrant's registration statement on Form F-1, as amended (Registration No. 333-217064), also
  provides for indemnification by the underwriters of the Registrant and its directors and officers for certain liabilities, including liabilities
  arising under the Securities Act, but only to the extent that such liabilities are caused by information relating to the underwriters
  furnished to the Registrant in writing expressly for use in such registration statement and certain other disclosure documents.
  Insofar as indemnification
  for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the Registrant pursuant
  to the foregoing provisions, the Registrant has been informed that in the opinion of the Commission such indemnification is against public
  policy as expressed in the Securities Act and is therefore unenforceable.
  Item 7.
  Exemption from Registration Claimed.
  Not applicable.
  Item 8.
  Exhibits.
  See Exhibit Index.
  Item 9.
  Undertakings.
  (a) The undersigned Registrant hereby undertakes:
  (1)
  To file, during any period in which offers or sales are being
  made, a post-effective amendment to this Registration Statement:
  (i)
  To
  include any prospectus required by section 10(a)(3) of the Securities Act;
  (ii)
  To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement; and
  (iii)
  To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;
  provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii)
  shall not apply if the information required to be included on a post-effective amendment by those paragraphs is contained in periodic
  reports filed by or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act
  that are incorporated by reference in this Registration Statement.
  (2)
  That, for the purpose of determining any liability under the
  Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered
  therein, and the offering of such securities at that time shall be deemed to be the initial
  bona fide
  offering thereof.
  (3)
  To remove from registration by means of a post-effective amendment
  any of the securities being registered which remain unsold at the termination of the offering.
  (b) The undersigned Registrant hereby undertakes
  that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant
  to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report
  pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to
  be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be
  deemed to be the initial
  bona fide
  offering thereof.
  (c) Insofar as indemnification for liabilities
  arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing
  provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public
  policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
  liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the
  Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in
  connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled
  by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public
  policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
  II-
  2
  SIGNATURES
  Pursuant to the requirements of the U.S. Securities
  Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for
  filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
  duly authorized, in Qingdao, People's Republic of China, on July 2, 2025.
  SOS Limited
  By:
  /s/ Yandai Wang
  Name:
  Yandai Wang
  Title:
  Chief Executive Officer
  POWER OF ATTORNEY
  KNOW ALL MEN BY THESE PRESENTS
  that
  each person whose signature appears below constitutes and appoints Yandai Wang his true and lawful attorney-in-fact and agent,
  each acting alone, each with full power of substitution, for him and in his name, place and stead, in any and all capacities, to sign
  any or all amendments, including post-effective amendments, and supplements to this Registration Statement on Form S-8, and
  to file the same, with all exhibits thereto and other documents in connection therewith, with the United States Securities and Exchange
  Commission, granting unto said attorney(s)-in-fact and agent(s) full power and authority to do and perform each and every act
  and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in
  person, hereby ratifying and confirming all that said attorney(s)-in-fact and agent(s), or his substitute or substitutes, may
  lawfully do or cause to be done by virtue thereof.
  Pursuant to the requirements of the Securities
  Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
  Signature
  Title
  Date
  /s/ Yandai Wang
  Executive Chairman and Chief Executive Officer
  July 2, 2025
  Name: Yandai Wang
  (principal executive officer)
  /s/ Li Sing Leung
  Director and Chief Financial Officer
  July 2, 2025
  Name: Li Sing Leung
  (principal financial and accounting officer)
  /s/ Russell Krauss
  Director
  July 2, 2025
  Name: Russell Krauss
  /s/ Douglas L. Brown
  Director
  July 2, 2025
  Name: Douglas L. Brown
  /s/ Ronggang (Jonathan) Zhang
  Director
  July 2, 2025
  Name: Ronggang (Jonathan) Zhang
  /s/ Wenbin Wu
  Director
  July 2, 2025
  Name: Wenbin Wu
  II-
  3
  SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE
  UNITED STATES
  Pursuant to the Securities Act of 1933, the undersigned,
  the duly authorized representative in the United States of SOS Limited, has signed this Registration Statement or amendment thereto in
  Newark, DE on July 2, 2025.
  Authorized U.S. Representative
  By:
  /s/ Donald J. Puglisi
  Name:
  Donald J. Puglisi
  Title:
  Managing Director
  Puglisi & Associates
  II-
  4
  EXHIBIT INDEX
  Exhibit No.
  Description of Document
  4.1**
  Registrant's Specimen Certificate for Ordinary Shares (incorporated by reference to Exhibit 4.2 to the Registration Statement of the Registrant on Form F-1, as amended (Registration No. 333-217064))
  4.2
  Form of Deposit Agreement among the Registrant, the Depositary and Beneficial Owners of the American Depositary Receipts (incorporated by reference to Exhibit 4.3 to the Registration Statement of the Registrant on Form F-1, as amended, filed on April 14, 2017 (File No. 333-217064))
  5.1*
  Opinion of Maples and Calder (Hong Kong) LLP regarding the validity of the ordinary shares being registered
  10.1*
  2025 Equity Incentive Plan
  23.1*
  Consent of Audit Alliance LLP, an Independent Registered Public Accounting Firm
  23.2*
  Consent of Maples and Calder (Hong Kong) LLP (included in Exhibit 5.1)
  24.1*
  Power of attorney (included on signature page)
  107*
  Calculation of Filing Fee Table
  *
  Filed
  herewith.
  **
  No
  exhibit to be filed as the Registrant does not issue physical ordinary share certificates.
  II-5