{"url_path":"/sec/sos/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1346610/0001213900-26-057725-index.html","accession_number":"0001213900-26-057725","cik":"0001346610","ticker":"SOS","issuer_name":"SOS Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1346610/0001213900-26-057725-index.html","primary_entity_key":"0001346610","primary_entity_name":"SOS Ltd"},"word_count":829,"has_tables":true,"body_markdown":"**ITEM\n7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**\n\n \n\n**A.\nMajor Shareholders** \n\n \n\nThe\nfollowing table sets forth information with respect to the beneficial ownership of our ordinary shares, as of the date of this annual\nreport, by:\n\n \n\n \n●\neach of our current directors\nand executive officers; and\n\n \n\n \n●\neach person known to us\nto own beneficially more than 5% of our ordinary shares.\n\n \n\nThe\ncalculations in the table below assume there are 16,170,110 ordinary shares (including 13,235,873 Class A Ordinary Shares and 2,934,447\nClass B ordinary shares) outstanding as of the date of this annual report.\n\n \n\nBeneficial\nownership is determined in accordance with the rules and regulations of the SEC. In computing the number of shares beneficially owned\nby a person and the percentage ownership of that person, we have included shares that the person has the right to acquire within 60 days,\nincluding through the exercise of any option, warrant or other right or the conversion of any other security. These shares, however,\nare not included in the computation of the percentage ownership of any other person.\n\n \n\nUnless\notherwise noted, the business address for each beneficial owner is Building 6, East Seaview Park, 298 Haijing Road, Yinzhu Street, West\nCoast New District, Qingdao City, Shandong Province, People’s Republic of China 266400.\n\n \n\n  \nOrdinary\nshares beneficially owned \n\n  \nClass\nA\nOrdinary\nShares  \nClass\nB\nordinary\nshares  \nTotal\n\nordinary\nshares on\nas-converted\nbasis  \n**%\n of total ordinary shares on as-converted basis(1)**  \n**%\n of aggregate voting power(2)** \n\nDirectors and Executive Officers: \n   \n   \n   \n   \n  \n\nYandai Wang \n 20,001  \n 2,818,104  \n 2,838,105  \n 17.65% \n 66.37%\n\n  \n    \n    \n    \n    \n   \n\nLi Sing Leung \n 41,108  \n 108  \n 41,216  \n 0.26% \n 0.10%\n\n  \n    \n    \n    \n    \n   \n\nRussell Krauss(3) \n 36,508  \n —  \n 36,508  \n 0.23% \n 0.09%\n\n  \n    \n    \n    \n    \n   \n\nDouglas L. Brown(4) \n 55,212  \n —  \n 55,212  \n 0.34% \n 0.13%\n\n  \n    \n    \n    \n    \n   \n\nWenbin Wu \n 11,247  \n 113  \n 11,360  \n 0.07% \n 0.03%\n\n  \n    \n    \n    \n    \n   \n\nShuo Li \n -  \n -  \n -  \n -% \n -%\n\n  \n    \n    \n    \n    \n   \n\nAll directors and executive officers as a group\n(6 persons) \n 164,076  \n 2,818,325  \n 2,982,401  \n 18.55% \n 66.72%\n\n  \n    \n    \n    \n    \n   \n\nPrincipal Shareholders: \n    \n    \n    \n    \n   \n\n  \n    \n    \n    \n    \n   \n\n— \n —  \n —  \n —  \n —  \n — \n\n \n\n(1)\n\nFor\neach person and group included in this column, percentage ownership is calculated by dividing the\nnumber of Class A and Class B ordinary shares beneficially owned by such person or group\nby the sum of the total number of Class A and Class B ordinary shares outstanding, which\nis 16,170,110 ordinary shares (including 13,235,663 Class A Ordinary Shares and 2,934,447 Class B\nordinary shares) as of the date of this annual report, plus the number of Class A and Class\nB ordinary shares such person or group has the right to acquire upon the exercise of options,\nwarrants or other rights within 60 days after as of the date of this annual report. We use the conversion\nrate of 1:1 for the incentive shares for the purpose of calculating the beneficial ownership of our\nordinary shares. Vested incentive shares convert to ordinary shares of our company at a 1:1 conversion\nrate, subject to payment of the reserve amount, which was calculated by us to be our good faith estimate\nof the fair market value of our ordinary shares (or equivalent thereof) at the time of the grant\nof such incentive shares.\n\n \n\n(2)\nFor each person or group\nincluded in this column, the percentage of total voting power represents voting power based on both Class A and Class B ordinary\nshares held by such person or group as of the date of this annual report with respect to all of our outstanding Class A and Class\nB ordinary shares as one class as of the date of this annual report. Each holder of Class A Ordinary Shares is entitled to one vote\nper share, subject to the limitations set forth in “Item 10. Additional Information—B. Memorandum and Articles of Association—Ordinary\nShares.” Each holder of our Class B ordinary shares is entitled to 10 votes per share on all matters subject to a shareholder’s\nvote. Our Class B ordinary shares are convertible at any time by the holder into Class A Ordinary Shares on a one-for-one basis,\nwhereas Class A Ordinary Shares are not convertible into Class B ordinary shares under any circumstances. The total voting power\nof the Class B Holders is limited. See “Item 10. Additional Information—B. Memorandum and Articles of Association—Ordinary\nShares.”\n\n \n\n64\n\n \n\n \n\nNone\nof our shareholders has informed us that it is affiliated with a registered broker-dealer or is in the business of underwriting securities.\nNone of our existing shareholders will have different voting rights from other shareholders, except with respect to the differences in\nvoting rights afforded to holders of Class A Ordinary Shares and Class B ordinary shares. We are not aware of any arrangement that may,\nat a subsequent date, result in a change of control of our company.\n\n \n\n**B.\nRelated Party Transactions**\n\n \n\nFor\ndetails of related party transactions, see Note 12  “Related Party Balances and Transactions” to our consolidated financial\nstatements.\n\n \n\n**Employment\nAgreements and Indemnification Agreements**\n\n \n\nSee\n“Item 6. Directors, Senior Management and Employees—B. Compensation—Employment Agreements.”\n\n \n\n**Share\nIncentive Plan**\n\n \n\nSee\n“Item 6. Directors, Senior Management and Employees—B. Compensation—Share Incentive Plans.”\n\n \n\n**C.\nInterests of Experts and Counsel**\n\n \n\nNot\napplicable."}