SOS Ltd. Announces Clarification of Purchase Price in the Asset Injection with YBT/SOS

QINGDAO, China, Sept. 22, 2020 /PRNewswire/ — SOS Limited (the “Company”) (NYSE: SOS) is issuing this press release to clarify its press release dated May 6, 2020.

As announced in the Company’s press release dated May 6, 2020 (the “Press Release”), the Company entered into a set of agreements on May 5, 2020 with Yong Bao Two Ltd. (“YBT”), the shareholders of YBT (the “YBT Shareholders”), eight investors introduced by YBT (the “Purchasers,” collectively with the YBT Shareholders, the “Investors”) and True North Financial, LLC (“True North,” collectively, the “Parties”). The set of Agreements included the Tripartite Agreement (the “Tripartite Agreement”), the Assumption Agreement (the “Assumption Agreement”) and the Share Purchase Agreement (the “Share Purchase Agreement,” collectively, the “Agreements”). The per share purchase price for the transaction contemplated by the Agreements was $1.36 per ADS, or $0.136 per ordinary share of the Company.

On May 31, 2020,

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