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China Rapid Finance Limited (XRF) Announces Name Change to SOS Ltd. and Ticker Change to "SOS"

July 20, 2020 8:33 AM EDT

SOS Limited, (NYSE: SOS) (formerly China Rapid Finance Limited, the "Company") announces the approval from shareholders at the 2020 Annual Meeting of Shareholders of the proposal to change the Company's name to SOS Limited. The Company also announces the relocation of its headquarters to Qingdao City, Shandong, China.

As previously disclosed, the Company completed its asset injection with Yong Bao Two Ltd., ("YBT"), the parent company of SOS Information Technology Co. Ltd. Following shareholder approval on July 17, the Company's name has been changed to SOS Limited and the trading symbol for its ADS changed to "SOS" effective Monday, July 20, 2020. The Company's ADS will continue to trade on NYSE under the new CUSIP 83587W106.

The relocation is consistent with the Company's strategic plans to accelerate scale in the hyper-growth category of the emergency rescue services business. SOS provides marketing related data, technology and solutions to emergency healthcare services in China. The Company has accumulated over 55 million members.

Mr. Yandai Wang, CEO of the Company, said, "Our strategy of organic growth, coupled with strategic acquisitions, is well underway. The recently signed cooperation agreement with Qingdao West Coast New District Management Committee ("Qingdao") is one of many progress milestones that we are making. We have also been actively working on strategic acquisitions that are expected to scale and complement our current customer base. We are ramping up our go-to-market capabilities to meet this unprecedented demand from our members."

The Company plans to discuss more about its strategic developments during its upcoming earnings release and investor call.



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