Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 189

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 189
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 the failure to do so does not in itself invalidate the leases,
the VIE may be ordered by the PRC government authorities to rectify such noncompliance and, if such noncompliance is not rectified within
a given period of time, the VIE may be subject to fines imposed by PRC government authorities ranging from RMB1,000 (approximately USD144.20)
and RMB10,000 (approximately USD1,442) for each lease agreement that has not been registered with the relevant PRC governmental authorities.
As of the date of this prospectus, the VIE has completed the registration of the lease agreements for their leased properties with the
competent PRC governmental authorities.

| 119 |

Regulations Relating to Intellectual Property

China has adopted comprehensive
legislation governing intellectual property rights, including trademarks and copyrights. China is a signatory to the primary international
conventions on intellectual property rights and has been a member of the Agreement on Trade Related Aspects of Intellectual Property
Rights since its accession to the World Trade Organization (WTO) in December of 2001. In terms of international conventions, China
has entered into (including but not limited to) the Agreement on Trade-Related Aspects of Intellectual Property Rights, the Paris Convention
for the Protection of Industrial Property, the Madrid Agreement Concerning the International Registration of Marks and the Patent Cooperation
Treaty.

Patents

According to the Patent
Law of the PRC promulgated by the Standing Committee of the National People’s Congress on March 12,1984 with the current effective
version in effect as of June 1, 2021, and the Implementation Rules of the Patent Law of the PRC, which was promulgated by the
State Council in June of 2001 and last amended in December of 2023, there are three types of patents in the PRC: invention patents,
utility model patents and design patents. The protection period is 20 years for an invention patent, 10 years for a utility model patent
and 15 years for a design patent, which terms commence from their respective application dates. The Chinese patent system adopts a “first-to-file”
principle, which means that where more than one person files a patent application for the same invention, a patent will be granted to
the person who files the application first. To be patentable, invention or utility models must meet three criteria demonstrating: novelty,
inventiveness and practicability. A third party must obtain