Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 105

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 105
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 security” concerns and mergers and acquisitions through which foreign investors
may acquire de facto control over domestic enterprises that raise “national security” concerns are subject to strict review
by the Ministry of Commerce, and the rules prohibit any activities attempting to bypass a security review, including by structuring
the transaction through a proxy or contractual control arrangement. In the future, we may grow our business by acquiring complementary
businesses, which may be subject to SAMR merger review. Complying with the requirements of the above-mentioned regulations and other
relevant rules to complete such transactions could be time consuming, and any required approval processes, including obtaining approval
from the Ministry of Commerce or its local counterparts may delay or inhibit our ability to complete such transactions, which could affect
our ability to expand our business or maintain our market share.

The General Office Central
Committee of the Chinese Communist Party and the General Office of the State Council jointly issued the Opinions on Severe and Lawful
Crackdown on Illegal Securities Activities, which was available to the public on July 6, 2021. These opinions emphasized the need
to strengthen the administration over illegal securities activities and the supervision on overseas listings by China-based companies.
These opinions proposed to take effective measures, such as promoting the construction of relevant regulatory systems, to deal with the
risks and incidents facing China-based overseas-listed companies and the demand for cybersecurity and data privacy protection. The aforementioned
policies and any related implementation rules to be enacted may subject us to additional compliance requirement in the future. We
cannot assure you that we will remain fully compliant with all new regulatory requirements of these opinions or any future implementation
rules on a timely basis, or at all.

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Our PRC counsel has advised that you may experience difficulties in effecting service of legal process, enforcing foreign judgments or bringing actions in China against us or our management named in the prospectus based on foreign laws.

We are an exempted company
incorporated under the laws of the Cayman Islands, we conduct all of our operations in China and the majority of our assets are located
in China. In addition, all of our current officers and directors are nationals and residents of China and all of them are currently located
in China. As a result, it may be difficult for you to effect service of process upon us or those persons inside China. It may also be
difficult for you to enforce in U.S. courts judgments obtained in U.S. courts based on the civil liability provisions