Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 288

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 288
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olimit Technology Holding Co. Limited is also
a holding company holding all of the outstanding equity of Zerolimit Holdings (Shenzhen) Co., Ltd. (“Shenzhen WFOE” or “WFOE”),
which was established on May 22, 2023 under the laws of the People’s Republic of China (“PRC” or “China”).

Zhenglian Technology (Shenzhen) Co., Ltd. (“Shenzhen
VIE” or “VIE”) is a limited liability company established under the laws of the People’s Republic of China (“PRC”)
on 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 | % 
 % |