Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 294

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 294
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:|:----|:--------------|---------:|
| Zerolimit Digital Technology Limited |     |                            | 36,505,000 |     | $             | 3,650.50 |
| Zerolimit Excellence Limited         |     |                            |  5,500,000 |     | $             |   550.00 |
| Zerolimit Power Limited              |     |                            |  5,500,000 |     | $             |   550.00 |
| Zerolimit Virtue Limited             |     |                            |  2,495,000 |     | $             |   249.50 |
| Total                                |     |                            | 50,000,000 |     | $             | 5,000.00 |

*The shares and per share data are presented on a retroactive basis
to reflect the stock split

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |

Basis of presentation

The accompanying consolidated financial statements
have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”)
for information pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”).

Principles of consolidation

The consolidated financial statements include
the financial statements of Zerolimit, its wholly owned subsidiaries and the VIE (collectively, the “Company”). All significant
inter-company transactions and balances have been eliminated upon consolidation.

Use of estimate and assumptions

The preparation of the Company’s consolidated
financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements and
the reported amounts of revenues and expenses during the reporting periods presented. Estimates are adjusted to reflect actual experience
when necessary. Significant accounting estimates reflected in the Company’s consolidated financial statements include revenue recognition,
the allowance for credit losses of accounts receivable, useful lives of long-lived assets, impairment of long-lived assets, allowance
for deferred tax assets, and uncertain tax position.

| F-10 |

Actual results could differ from these estimates.

Functional currency and foreign currency translation

The reporting currency of the Company is the
United States dollar (“US$”). The Company’s operations are principally conducted through its subsidiaries in PRC in
the local currency, Renminbi (RMB), as its functional currency. The functional currency of the Company