Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 236

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 236
---
 and Restated Memorandum and Articles of Association, to be adopted and become effective immediately prior
to completion of this offering.

Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to our directors, officers or persons controlling us under the foregoing
provisions, we have been informed that, in the opinion of the SEC, such indemnification is against public policy as expressed in the
Securities Act and is therefore unenforceable.

| 146 |

Directors’ Fiduciary Duties

Under Delaware corporate
law, a director of a Delaware corporation has a fiduciary duty to the corporation and its shareholders. This duty has two components:
the duty of care and the duty of loyalty. The duty of care requires that a director act in good faith, with the care that an ordinarily
prudent person would exercise under similar circumstances. Under this duty, a director must inform himself or herself of, and disclose
to shareholders, all material information reasonably available regarding a significant transaction.

The duty of loyalty requires
that a director acts in a manner he or she reasonably believes to be in the best interests of the corporation. He or she must not use
his corporate position for personal gain or advantage. This duty prohibits self-dealing by a director and mandates that the best interest
of the corporation and its shareholders take precedence over any interest possessed by a director, officer or controlling shareholder
and not shared by the shareholders generally.

In general, actions of a
director are presumed to have been made on an informed basis, in good faith and in the honest belief that the action taken was in the
best interests of the corporation. However, this presumption may be rebutted by evidence of a breach of one of the fiduciary duties. Should
such evidence be presented concerning a transaction by a director, the director must prove the procedural fairness of the transaction
and that the transaction was of fair value to the corporation.

As a matter of Cayman Islands
law, a director of a Cayman Islands company owes three types of duties to the company: (i) statutory duties, (ii) fiduciary
duties, and (iii) common law duties. The Companies Act imposes a number of statutory duties on a director. A Cayman Islands director’s
fiduciary duties are not codified, however the courts of the Cayman Islands have held that a director owes the following fiduciary duties:
(a) a duty to act in what the director bona fide considers to be