Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 154

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 154
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 operations. We have not entered into any
financial guarantees or other commitments to guarantee the payment obligations of any third parties. We have not entered into any derivative
contracts that are indexed to our shares and classified as shareholder’s equity, or that are not reflected in our consolidated financial
statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves
as credit, liquidity or market risk support to such entity. We do not have any variable interest in any unconsolidated entity that provides
financing, liquidity, market risk or credit support to us or engages in leasing, hedging or research and development services with us.

Commitments

The following table sets
forth our operating lease contractual obligations as of September 30, 2024:

| Year ending September 30,    
 2025                         |     |   |   533,255 |
|:-----------------------------|:----|:--|----------:|
| 2026                         |     |   |   559,912 |
| 2027                         |     |   |   141,664 |
| Thereafter                   |     |   |         – |
| Total minimum lease payments |     | $ | 1,234,831 |

| 88 |

Contingencies

The Company may be involved
in various legal proceedings, claims and other disputes arising from the commercial operations, projects, employees and other matters
which, in general, are subject to uncertainties and in which the outcomes are not predictable. The Company determines whether an estimated
loss from a contingency should be accrued by assessing whether a loss is deemed probable and can be reasonably estimated. Although the
outcomes of these legal proceedings cannot be predicted, the Company does not believe these actions, in the aggregate, will have a material
adverse impact on its financial position, results of operations or liquidity.

Zhenglian Shenzhen has a
contract dispute with one of its previous suppliers, Shenzhen Youwei Communication Technology Co., Ltd. (“Youwei”). Zhenglian
Shenzhen sued Youwei on March 23, 2023 in connection with a cooperative purchasing agreement and a relevant supplementary agreement (the
“Youwei Purchase Agreements”) between Youwei and Zhenglian Shenzhen in Shenzhen Qianhai Cooperation Zone People’s Court
(“Qianhai Court”). Zhenglian Shenzhen claimed that Youwei failed to provide Zhenglian Shenzhen with the customized mobile
phones that meet the Zhenglian Shenzhen’s requirements in