Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 283

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 283
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 August 28, 2017. Paid-in capital of Shenzhen VIE was approximately $2,953,991
(approximately RMB 20 million) as of September 30, 2024.

The Company, through its variable interest entity
(“VIE”), and its subsidiaries, provides of distributed network infrastructure software products and solutions. The distributed
network infrastructure software product of Shenzhen VIE enables users to efficiently establish distributed networks or migrate existing
centralized applications to distributed networks.

On May 24, 2023, the Company completed a reorganization
of entities under common control of its then existing shareholders, who collectively owned all of the equity interests of the Company
prior to the reorganization. The Company, and Zerolimit HK were established as the holding companies of Shenzhen WFOE. Shenzhen WFOE is
the primary beneficiary of Shenzhen VIE, and all of these entities included in the Company are under common control which results in the
consolidation of Shenzhen VIE which have been accounted for as a reorganization of entities under common control at carrying value. The
consolidated financial statements are prepared on the basis as if the reorganization became effective as of the beginning of the first
period presented in the accompanying consolidated financial statements of the Company.

a. Subsidiaries

As of September 30,
2024, the detailed information of the Company and its consolidated subsidiaries and VIE are summarized as follows:

| Name of the entity                                        
 Zerolimit Technology Holding Co. Ltd. (“Zerolimit”)       
 Zerolimit Technology Holding Co. Limited (“Zerolimit HK”) |     | Date of          
 incorporation    
 February 2, 2023 
 March 13, 2023   |     | Percentage of 
     ownership 
           100 
           100 | % 
 % |     | Place of       
 incorporation  
 Cayman Islands 
 Hong Kong      |     | Principle                                  
 business activities                        
 Investment holding                         
 Investment holding and sales and marketing |
|:----------------------------------------------------------|:----|:-----------------|:----|--------------:|:--|:----|:---------------|:----|:-------------------------------------------|
| Zerolimit Holdings (Shenzhen) Co., Ltd.                   
 (“Shenzhen WFOE”)                                         |     | May 22, 2023     |     |           100 | % |     | China          |     | Technical consulting and support service   |
| Zheng