Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 323

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 323
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 | E   
 —   
 22% |     | F   
 —   
 10% |     | G   
 —   
 —   |     | H   
 —   
 —   |     | I   
 —   
 —   |     | J   
 —   
 15% |
|:-------------------------------------------------|:----|:----|:----|:----|:----|:----|:----|:----|:----|:----|:----|:----|:----|:----|:----|:----|:----|:----|:----|:----|
| Accounts receivable, customer concentration risk |     |     |     |     |     |     |     |     |     |     |     |     |     |     |     |     |     |     |     |     |
| As of September 30, 2024                         |     | 23% |     | 13% |     | 20% |     | 14% |     | 12% |     | 12% |     | —   |     | —   |     | —   |     | —   |
| As of September 30, 2023                         |     | —   |     | —   |     | —   |     | —   |     | 15% |     | 19% |     | 34% |     | 16% |     | 16% |     | —   |

| F-31 |

| d) | VIE risk |

Under the Contractual Agreements with the consolidated
VIE, the Company has the power to direct activities of the consolidated VIE and VIE’s subsidiaries through the Company’s
relevant PRC subsidiaries, and can have assets transferred freely out of the consolidated VIE and VIE’s subsidiaries without restrictions.
Therefore, the Company considers that there is no asset of the consolidated VIE that can only be used to settle obligations of the respective
consolidated VIE, except for the registered capital of the consolidated VIE amounting to $2,953,991 as of September 30, 2024. Since the
consolidated VIE and VIE’s subsidiaries are incorporated as limited liability companies under the PRC Law, creditors of the consolidated
VIE and VIE’s subsidiaries do not have recourse to the general credit of the Company.

The Company believes that the Company’s
relevant PRC subsidiaries’ Contractual Arrangements with the consolidated V