Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 171

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 171
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 end-users submitting their issues
to the distributors’ customer service representatives. Once distributors collect the issues, they forward them to us for review
and processing. We handle the issues and provide online technical support or necessary software upgrades. The revenue from software support
and maintenance is immaterial.

Corporate Development

We commenced our commercial
operations in 2017 in China. In the early stages of our establishment, we focused on building the overall technological framework to
expedite the development process of the distributed network. From 2018 to 2019, we made breakthroughs in the technological framework,
including the development of mobile deployment, peer-to-peer networking, and distributed storage. We also launched successive versions
of our distributed network infrastructure software, including a demo version, internal test version, and public test version. In September
of 2021, we officially launched the Cloud Base Station Node Software, which marked a milestone in our business operations. Since 2021,
we have begun generating revenue from software products developed based on distributed networks. In 2022, we obtained the national high-tech enterprise
certification in China. In April of 2023, we achieved the recognition as a specialized and sophisticated SME.

We are constantly investing
in research and development to improve the existing software products and create new ones. We maintain a talent pool and will continue
to invest to enhance our technology. As of September 30, 2024 and September 30, 2023, our research and development team consisted of
23 and 31 researchers, programmers, and engineers, accounting for approximately 55% and 57% of the total number of employees, respectively.

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Industry

All the information and data presented in this section have been derived from the industry report of Qingzhi commissioned by us in June 2023 entitled “Distributed Technology Industry Analysis Report,” unless otherwise noted. Qingzhi has advised us that the statistical and graphical information contained herein is drawn from its database and other sources. The following discussion contains projections for future growth, which may not occur at the rates that are projected or at all.

Introduction of Decentralized Distributed Technology

Overview

Decentralized distributed technology refers to
a method of processing that distributes computing tasks or data across multiple computers or nodes. Compared with a traditional centralized
system, this method of processing decentralizes data across relatively independent nodes. Performance and capacity are horizontally expanded
by increasing nodes, while data reliability is ensured through multi-node data redundancy. Simultaneously, this architecture