SOS Limited To Terminate ADR Program On September 8, 2025; Approves 150-For-1 Share Consolidation

SOS Limited (NYSE:SOS) ("the Company" or "SOS") today announced its plan to terminate the amended and restated Deposit Agreement dated May 4, 2017, as amended, by and among the Company, Citibank, N.A. (the "Depositary"), and the holders of American depositary shares (the "ADSs") from time to time, effective September 8, 2025 (the "Termination").

In connection with the Termination, the Company held an extraordinary general meeting of shareholders on August 11, 2025 at which its shareholders approved an increase to the Company's authorized share capital, as well as a 150-for-1 share consolidation of its ordinary shares, such that each and every 150 issued and unissued Class A and Class B Ordinary Shares of a par value of US$0.005 each in the share capital of the Company be consolidated into 1 Class A Ordinary Share of a par value of US$0.75 and 1 Class B Ordinary Share of a par value of US$0.75, respectively.

The Depositary of the Company's American depositary receipts (the "ADRs") will distribute to all holders and beneficial owners of the Company's ADRs an updated notification regarding the termination of the ADR facility for the Company's ADSs pursuant to the Deposit Agreement. The new effective date of the termination of the Deposit Agreement will be September 8, 2025 (the "Effective Date"). On the Effective Date (with the Share Consolidation being effective), holders of ADSs will have their ADSs automatically cancelled and will be entitled to receive the corresponding underlying Class A ordinary shares, par value $0.75 per share ("Ordinary Shares"), at a rate of one (1) Ordinary Share for each ADS cancelled (the "Mandatory Exchange").

Following the Mandatory Exchange, the Ordinary Shares are anticipated to trade directly on the New York Stock Exchange under the current trading symbol "SOS".