Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 185

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 185
---
, or the NDRC, on October 26, 2022 and took effect on January 1, 2023, and the Special Administrative Measures
for Access of Foreign Investment (The Negative List) (2024 Edition), which was promulgated by the MOFCOM and the NDRC on September 6,
2024 and took effect on November 1, 2024, and together with the Foreign Investment Law, or the FIL and their respective implementation
rules and ancillary regulations. The Negative List sets out several restrictive measures in a unified manner, such as the requirements
on shareholding percentages and management, for the access of foreign investments in the industries listed in the Negative List and the
industries that are prohibited from foreign investment. Any industries not falling in the Negative List shall be administered under the
principle of equal treatment to domestic and foreign investment.

On March 15, 2019,
the National People’s Congress promulgated the Foreign Investment Law, or FIL, which has come into effect from January 1,
2020 and replaced the PRC Equity Joint Venture Law, the PRC Cooperative Joint Venture Law and the Wholly Foreign-owned Enterprise
Law, or the Old FIE Laws. The FIL and its related implementation rules including the Implementation Rules to the Foreign Investment Law
promulgated by the State Council on December 26, 2019 and became effective on January 1, 2020 further clarified that the state
encourages and promotes foreign investment, protects the lawful rights and interests of foreign investors, regulates foreign investment
administration, continues to optimize foreign investment environment, and advances a higher-level opening.

On December 30, 2019,
the MOFCOM and State Administration for Market Regulation, or SAMR, jointly promulgated the Measures for Information Reporting on Foreign
Investment, which became effective on January 1, 2020. Pursuant to the Measures for Information Reporting on Foreign Investment,
where a foreign investor carries out investment activities in China directly or indirectly, the market regulatory authorities shall forward
the investment information submitted by the foreign investor or the foreign-invested enterprise to the competent commerce administrative
authorities.

With respect to foreign
investments that affect or may affect the national security, a security review shall be carried out in accordance with the Measures for
the Security Review of Foreign Investments promulgated by the NDRC and the MOFCOM on December 19, 2020, and implemented as of January
18, 202