Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 152

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 152
---
:

| (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.                                                                                         |
| (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.

| 87 |

Financing Activities:

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

| (i)   | Proceeds from                                                                                                                            
 short-term bank loan were $694,028 and 425,332 for the fiscal years ended September 30, 2024 and 2023, respectively. Repayment of        
 short-term bank loans were $416,417 and nil for the fiscal years ended September 30, 2024 and 2023, respectively.                        |
| (ii)  | Proceeds from investors                                                                                                                  
 were nil and $238,113 for the fiscal years ended September 30, 2024 and 2023, respectively.                                              |
| (iii) | Loan received from related                                                                                                               
 parties were $13,881 and $1,458,321 and loan repayment to related parties were $13,881 and $663,669 for the fiscal years ended September 
 30, 2024 and 2023, respectively.                                                                                                         |

Based on current operating