Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 134

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 134
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 requirements,
including, among others, the plaintiff must have a direct interest in the case, and there must be a concrete claim, a factual basis and
a cause for the suit.

In addition, it will be
difficult for U.S. shareholders to originate actions against us in the PRC in accordance with PRC laws because we are incorporated under
the laws of the Cayman Islands and it will be difficult for U.S. shareholders, by virtue only of holding our Ordinary Shares, to establish
a connection to the PRC for a PRC court to have jurisdiction as required under the PRC Civil Procedures Law.

| 75 |

<div align='center'>CORPORATE HISTORY AND
STRUCTURE</div>

Corporate History

We are a holding company
incorporated in the Cayman Islands. As a holding company with no material operations of our own, the majority of our operations are conducted
through the VIE in China pursuant to contractual arrangements. Accordingly, when we refer to our business and operations, we are referring
to the business of the VIE.

We are a pioneer technology
company holding competitive advantages in the PRC in the development of secure, decentralized, distributed network solutions, employing
both software and hardware to provide complete solutions for various industries and applications. We develop a variety of solutions relating
to the need for secure, decentralized, distributed networks. A key function of our proprietary decentralized network technology is that
it can be used to create and maintain unique networks, applicable in a variety of contexts to meet a multitude of business and market
needs.

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 configuration tool software, including a demo version, internal test version, and public test version. In
September 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 2023, we achieved the recognition as a specialized and sophisticated SME.

Our holding company Zerolimit
Technology