Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 151

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 151
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 2024;                                                |
| (ii)  | increase in prepayments of $2,182,082 to retain various marketing and promotion activities after the company began the IPO process;                  |
| (iii) | increase in accounts receivable of $3,148,563 from Zhenglian Shenzhen’s customers’ credit sales during the fiscal year ended September 30, 2024; and |
| (iv)  | decrease in operating lease liabilities of $446,396 as the company pays operating lease payments during the year.                                    |

Net cash used in operating
activities for the fiscal year ended September 30, 2023 was $1,393,210, which was primarily attributable to a net income of $2,522,852,
adjusted for non-cash items for $859,846 and adjustments for changes in working capital of $4,775,908. The adjustments for changes in
working capital mainly included:

| (i)   | increase in payments of Pre-IPO expenses of $1,913,653 during the fiscal year ended September 30, 2023;                                   |
| (ii)  | increase in prepayments of $1,997,587 to retain various marketing and promotion activities after the company successfully launch its IPO; |
| (iii) | increase in accounts receivable of $305,708 from Zhenglian Shenzhen’s                                                                     
 customers’ credit sales during the fiscal year                                                                                            
 ended September 30, 2023; and                                                                                                             |
| (iv)  | decrease in operating lease liabilities of $422,663 as the company pays operating lease payments during the year.                         |

Investing Activities:

Net cash used in investing
activities was approximately $12,210 for the fiscal year ended September 30, 2024, attributable to the payments related to intangible
assets from our ongoing research and development efforts.

Net cash used in investing
activities was approximately $629,922 for the fiscal year ended September 30, 2023, primarily attributable to the payments related to
intangible assets from our ongoing research and development efforts in the amount of approximately $593,670 and payments made to acquire
office equipment in the amount of $36,252.

| 86 |

Financing Activities:

Net cash provided by financing
activities was $277,611 and $1,458,097 for the fiscal years ended September 30, 2024 and 2023, respectively, mainly attributable to the
below:

| (i)   |