SOS Limited Private Placement

SOS Limited entered into a securities purchase agreement (SPA) with certain non-U.S. Persons to sell an aggregate of 19,000,000 Class A Ordinary Shares at a price of $0.18 per share, for an aggregate purchase price of approximately $3.42 million. The net proceeds will be used for the development and construction of the data center business, working capital, and general corporate purposes. The SPA includes customary representations, warranties, and covenants from both parties. Closing is subject to conditions including NYSE approval of the supplemental listing application for the shares and the accuracy of the parties' representations and warranties.