Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 5

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 5
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 of being delisted,
may materially and adversely affect the value of your investment. These risks could result in a material adverse change in our operations
and the value of our securities, which may significantly limit or completely hinder our ability to offer or continue to offer securities
to investors, or cause the value of such securities to significantly decline or become worthless. For more details, see “Risk Factors – Risks Related to Doing Business in the PRC– If it is later determined that the PCAOB is unable to inspect and investigate completely our auditor, our securities will be prohibited from trading in the United States under the Holding Foreign Companies Accountable Act (the HFCAA). The delisting of and prohibition from trading our securities, or the threat of their being delisted and prohibited from trading, may cause the value of our securities to significantly decline or become worthless.”

We are an “emerging growth company” and a “foreign private issuer” as defined under U.S. federal securities laws and are eligible for reduced public company reporting requirements. See “ Prospectus Summary— Implications of Being an Emerging Growth Company and a Foreign Private Issuer” and “ Risk Factors.”

We face various legal and
operational risks and uncertainties related to our subsidiaries and the VIE’s operations in China. Our subsidiaries and the VIE
have substantial business operations located in China and are subject to evolving PRC laws and regulations. Our subsidiaries and the VIE
expect to be subject to the approval, filing or other requirements of the China Securities Regulatory Commission, or the CSRC, or other
PRC governmental authorities in connection with this offering under current PRC laws, regulations and rules. We may also be subject to
cybersecurity review by the Cyberspace Administration of China. Because these statements and regulatory actions are new and subject to
change, it is uncertain as to how quickly the legislative or administrative regulation making bodies in China will respond to companies,
or what existing or new laws or regulations will be amended or promulgated, if any, or the potential impact such amended or new legislation
will have on our business operations or our ability to list on a U.S. stock exchange. Although PRC regulations only apply directly to
our subsidiaries and the VIE, we are nevertheless indirectly impacted as a result, and therefore disclose these PRC regulations as affecting
us.

We are not a Chinese operating
company, but rather a Cayman Islands holding company with operations conducted by subsidiaries and through contractual arrangements with
a variable interest entity (a “VIE”)