Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 49

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 49
---
’s economic, political and social conditions,
as well as interventions and influences of any government policies, laws and regulations are uncertain and could have a material adverse
effect on our business.

The Opinions recently issued by the General Office of the Central Committee of the Chinese Communist Party, the General Office of the State Council and the New Overseas Listing Rules promulgated by the CSRC may subject us to additional compliance requirements in the future.

On February 17, 2023, with
the approval of the State Council, the CSRC released the Trial Measures and five supporting guidelines, which came into effect on March
31, 2023. According to the Trial Measures, (1) domestic companies that seek to offer or list securities overseas, both directly and indirectly,
should fulfill the filing procedures and report relevant information to the CSRC; if a domestic company fails to complete the filing
procedures or conceals any material fact or falsifies any major content in its filing documents, such domestic company may be subject
to administrative penalties, such as an order to rectify, warnings, fines, and its controlling shareholders, actual controllers, the
person directly in charge and other directly liable persons may also be subject to administrative penalties, such as warnings and fines;
(2) if the issuer meets both of the following conditions, the overseas offering and listing shall be determined as an indirect overseas
offering and listing by a domestic company: (i) any of the total assets, net assets, revenues or profits of the domestic operating entities
of the issuer in the most recent accounting year accounts for more than 50% of the corresponding figure in the issuer’s audited
consolidated financial statements for the same period; (ii) its major operational activities are carried out in China or its main places
of business are located in China, or the senior managers in charge of operation and management of the issuer are mostly Chinese citizens
or are domiciled in China; and (3) where a domestic company seeks to indirectly offer and list securities in an overseas market, the
issuer shall designate a major domestic operating entity responsible for all filing procedures with the CSRC, and where an issuer makes
an application for an initial public offering in an overseas market, the issuer shall submit filings with the CSRC within three business
days after such application is submitted. On the same day, the CSRC also held a press conference for the release of the Trial Measures
and issued the Notice on Administration for the Filing of Overseas Offering and Listing by