QINGDAO, China, Aug. 28, 2025 /PRNewswire/ — SOS Restricted (NYSE: SOS) (“the Firm” or “SOS”) as we speak introduced its plan to terminate the amended and restated Deposit Settlement dated Could 4, 2017, as amended, by and among the many Firm, Citibank, N.A. (the “Depositary”), and the holders of American depositary shares (the “ADSs”) once in a while, efficient September 8, 2025 (the “Termination”).
In reference to the Termination, the Firm held a unprecedented basic assembly of shareholders on August 11, 2025 at which its shareholders permitted a rise to the Firm’s approved share capital, in addition to a 150-for-1 share consolidation of its atypical shares, such that every 150 issued and unissued Class A and Class B Abnormal Shares of a par worth of US$0.005 every within the share capital of the Firm be consolidated into 1 Class A Abnormal Share of a par worth of US$0.75 and 1 Class B Abnormal Share of a par worth of US$0.75, respectively.
The Depositary of the Firm’s American depositary receipts (the “ADRs”) will distribute to all holders and useful house owners of the Firm’s ADRs an up to date notification relating to the termination of the ADR facility for the Firm’s ADSs pursuant to the Deposit Settlement. The brand new efficient date of the termination of the Deposit Settlement might be September 8, 2025 (the “Efficient Date”). On the Efficient Date (with the Share Consolidation being efficient), holders of ADSs can have their ADSs robotically cancelled and might be entitled to obtain the corresponding underlying Class A atypical shares, par worth $0.75 per share (“Abnormal Shares”), at a charge of 1 (1) Abnormal Share for every ADS cancelled (the “Obligatory Alternate”).
Following the Obligatory Alternate, the Abnormal Shares are anticipated to commerce straight on the New York Inventory Alternate beneath the present buying and selling image “SOS”.
Protected Harbor Assertion
This press launch comprises forward-looking statements made beneath the “protected harbor” provisions of Part 21E of the Securities Alternate Act of 1934, as amended, and the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology corresponding to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “assured” and related statements. SOS might also make written or oral forward-looking statements in its stories filed with or furnished to the U.S. Securities and Alternate Fee, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Any statements that aren’t historic information, together with statements about SOS’ beliefs and expectations, are forward-looking statements that contain components, dangers and uncertainties that would trigger precise outcomes to vary materially from these within the forward-looking statements. Additional info relating to dangers, uncertainties or components is included within the Firm’s filings with the U.S. Securities and Alternate Fee. All info supplied on this press launch is present as of the date of the press launch, and SOS doesn’t undertake any obligation to replace such info, besides as required beneath relevant legislation.
About SOS Restricted
SOS is an rising blockchain-based and large data-driven advertising answer supplier. SOS can also be engaged in blockchain and cryptocurrency operations, which presently embody cryptocurrency mining and will develop into cryptocurrency safety and insurance coverage sooner or later. Since April 2021, we launched commodity buying and selling through our subsidiary SOS Worldwide Buying and selling Co. Ltd and Weigou Worldwide Buying and selling Co Ltd. Main buying and selling commodity contains mineral resin, soybean, wheat, sesame, liquid sulfur, petrol coke and latex and so on. For extra info, please go to: http://www.sosyun.com/.
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SOURCE SOS Ltd.
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