Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 48

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 48
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 in the future.”

Furthermore, our Company,
the VIE, and our investors may face uncertainty about future actions by the government of China that could significantly affect the VIE’s
financial performance and operations, including the enforceability of the contractual arrangements constituting the VIE Agreements. We
cannot assure you that the PRC government will not initiate governmental actions against us or scrutinize us, which could substantially
affect our operation and the value of our Ordinary Shares may depreciate as a result. As of the date of this prospectus, neither
our Company nor the VIE has received nor was denied permission from Chinese authorities to list on U.S. stock exchanges under the PRC
laws and regulations currently in effect. However, there is no guarantee that our Company or the VIE will receive, or not be denied,
permission from Chinese authorities to list on U.S. stock exchanges in the future. China’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