SOS Limited (SOS)

[wickerman]

"SOS" formerly "XRF" after exiting the Chinese loan sharking business and suddenly becoming an "emergency rescue services business" (Whatever happened to that exciting venture anyways?)

After noticing how hot BTC was Wang and the gang didn't bother wasting time to change the ticker again after suddenly becoming a "bitcoin mining cryptocurrency" company with ZERO evidence of any mining machines in Wisconsin or at the abandoned chicken farm in rural China or anywhere else.

All as the authorized share count keeps skyrocketing with offering after offering after offering with no actual news and nonstop dilution.

9. As a special resolution, to approve and adopt an amendment and restatement of the Company’s Fifth Amendment to the Memorandum and Articles of Association to increase the authorized share capital of the Company

https://www.sec.gov/Archives/edgar/data/1346610/000121390021033344/ea142952ex99-1_soslimited.htm

https://www.sec.gov/Archives/edgar/data/1346610/000121390022017661/ea157918-424b5_soslimited.htm

At least there's a state of the art fire suppression system in the building/barn with kicked in doors sans doorknobs but a brand new sign:



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China Rapid Finance Announces Change of its NYSE Ticker Symbol to "SOS" to Highlight Emergency Rescue Services Business

SHANGHAI, July 10, 2020 /PRNewswire/ -- China Rapid Finance Limited (NYSE: XRF) (the "Company") today announced that the Company's ticker symbol on the New York Stock Exchange will change from "XRF" to "SOS," effective at the start of trading on July 20, 2020.

Mr. Yandai Wang, CEO of the Company, said, "We are excited to be able to align our NYSE ticker symbol with the 'SOS' brand in recognition of our ongoing transition out of the fin-tech business and into the emergency rescue services business. This change will provide for better alignment between the core business operations of the company and its stock symbol which we believe will lead to better investor understanding. It also makes it clearer what the business focus and its primary source of earnings will be going forward."

There is also a proposed change in the Company's name from "China Rapid Finance Limited" to "SOS Limited," which is pending approval at the Company's annual general meeting of shareholders to be held on July 17, 2020. If approved at the meeting, the effective date of the name change shall also be July 20, 2020. In conjunction with the name change, the Company's CUSIP will change from "16953Q204" to "83587W106."

Holders of existing American Depositary Receipts ("ADRs") would be required to surrender their existing ADRs in exchange for new ADRs that reflect the new corporate name and CUSIP and should contact the Company's depositary bank, Citibank, N.A.

About China Rapid Finance Limited

China Rapid Finance Limited (NYSE: XRF) is a holding company operating primarily in the emergency rescue services business. The Company provides a wide range of emergency rescue services to its corporate and individual members in China through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS"). SOS also provides various types of membership cards to individual members in large corporations as part of employee benefits. Its products include SOS Medical Rescue Card, SOS Auto Rescue Card, SOS Financial Rescue Card, and SOS Life Rescue Card. SOS utilizes cloud and other cutting-edge technologies to provide emergency rescue services in a new fashion, including its app based mobile platform, cloud call centers and large data centers. SOS has contractual service agreements with major banks, insurance companies, internet companies, and telecom providers in China.

https://www.prnewswire.com/news-releases/china-rapid-finance-announces-change-of-its-nyse-ticker-symbol-to-sos-to-highlight-emergency-rescue-services-business-301091455.html