Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 45

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 45
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 will be appointed upon
effectiveness of the registration statement. The majority of the assets of these persons are located in China. The recognition and enforcement
of foreign judgments are provided for under the PRC Civil Procedures Law. PRC courts may recognize and enforce foreign judgments in accordance
with the requirements of the PRC Civil Procedures Law based either on treaties between China and the country where the judgment is made
or on principles of reciprocity between jurisdictions. China does not have any treaties or other forms of written arrangement with the
United States that provide for the reciprocal recognition and enforcement of foreign judgments. In addition, according to the PRC Civil
Procedures Law, the PRC courts will not enforce a foreign judgment against us or our directors and officers if they decide that the judgment
violates the basic principles of PRC laws or national sovereignty, security, or public interest. As a result, it is uncertain whether
and on what basis a PRC court would enforce a judgment rendered by a court in the United States. As a result, it may be difficult or
impossible for you to bring an action against us or against these individuals in the United States in the event that you believe that
your rights have been infringed under the U.S. federal securities laws or otherwise. Since our officers and directors reside in China,
it may make it difficult to enforce any judgments obtained from foreign courts against such persons. Even if you are successful in bringing
an action of this kind, the laws of the Cayman Islands and of the PRC may render you unable to seek recognition and/or enforce a judgment
against our assets or the assets of our directors and officers. For more information regarding the relevant laws of the Cayman Islands
and the PRC, see “Enforceability of Civil Liabilities.”

PRC regulatory authorities may in the future promulgate laws, regulations or implementing rules that require us, our subsidiaries, or the VIE to obtain regulatory approval from PRC authorities before or after listing in the U.S.

We are subject to certain
legal and operational risks associated with being based in China. PRC laws and regulations governing our current business operations
may change in substance and may also change in interpretation and may be subject to various interpretations, and as a result these risks
may result in material changes in the operations of the VIE, significant depreciation of the value of our Ordinary Shares, or a complete
hindrance of our ability to offer or continue to offer our securities to investors. The PRC government adopted a series