Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 179

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 179
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 penetrate new geographic markets in the PRC, further gaining market share in existing markets and accessing a
broader range of end-users.

Enhance our ability to attract, incentivize and retain talented professionals.

We believe our success greatly
depends on our ability to attract, incentivize, and retain talented professionals. With a view to improving our competitive advantage
in the market, we plan to implement a series of initiatives to attract additional and retain mid- to high-level personnel, including
formulating a market-oriented employee compensation structure and implementing a standardized multilevel performance review mechanism.

Research and Development

We
allocate a portion of our operating expenses to research and development, the maintenance
of existing products. We capitalized $0.012 million and $0.59 million of research and development
expenditure for the fiscal years ended September 30, 2024 and 2023, respectively. We also
incurred research and development expenses of $0.047 million and $0.12 million for the fiscal
years ended September 30, 2024 and 2023, respectively. Our allocation of resources towards
innovation has fostered our growth, as a combined company including the VIE and our subsidiaries.
For the fiscal year ended September 30, 2024 and 2023, total revenue reached approximately
$5.91 million and $5.68 million, respectively, and net income was approximately $2.71 million
and $2.52 million, respectively.

We have a team of approximately
23 and 31 researchers, programmers, and engineers as of September 30, 2024 and September 30, 2023, respectively. We encourage different
points of view to lead the team to find inspiration and improve the products and solutions.

We hold regular meetings
to discuss product performance and progress. We design and implement a set of rules to manage research and development projects. To initiate
a project, the inventor must submit an application specifying certain information, including the content to be developed, development
progress, delivery date, required resources, and estimated profitability. The heads of relevant departments will evaluate the project.
Upon approval, a project manager will be appointed. The project manager oversees the project’s progress and report to the management
regularly. At the project’s conclusion, the heads of relevant departments review and inspect the final product.

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Quality Control

We believe that quality
assurance is critical to the success of our business. We prioritize accuracy, timeliness, and