Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 149

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 149
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 ended September 30, 2024
and 2023, respectively.

As of September 30, 2024,
we had cash and cash equivalents of $105,706.

| 84 |

We believe that our current
levels of cash, combined with the net proceeds from this offering, will be sufficient to meet our anticipated cash needs for our operations
and expansion plans for at least the next 12 months. We may, however, in the future require additional cash resources, due to changing
business conditions, implementation of our strategy to expand our business, or other investments or acquisitions we may decide to pursue.
If our own financial resources are insufficient to satisfy our capital requirements, we may seek to sell additional equity or debt securities
or obtain additional credit facilities. The sale of additional equity securities could result in dilution to our shareholders. The incurrence
of indebtedness would result in increased debt service obligations and could require us to agree to operating and financial covenants
that would restrict our operations. Financing may not be available in amounts or on terms acceptable to us, if at all. Any failure by
us to raise additional funds on terms favorable to us, or at all, could limit our ability to expand our business operations and could
harm our overall business prospects.

In utilizing the proceeds
that we expect to receive from this offering, we may make capital contributions to our PRC subsidiaries, acquire or establish new subsidiaries,
or give loans to our subsidiaries. However, use of the proceeds by our PRC subsidiaries are subject to PRC regulations.

Our operations are primarily
based in China. A significant portion of our transactions are settled in Renminbi and our financial statements are presented in U.S.
dollars. Under existing PRC foreign exchange regulations, Renminbi may be converted into foreign currencies for current account items,
including profit distributions, interest payments and trade- and service-related foreign exchange transactions, without prior SAFE approval
as long as certain routine procedural requirements are fulfilled. Our PRC subsidiary is allowed to pay dividends in foreign currencies
to us without prior SAFE approval by following certain routine procedural requirements. However, approval from or registration with competent
government authorities is required where the Renminbi is to be converted into foreign currency and remitted out of China to pay capital
expenses such as the repayment of loans denominated in foreign currencies. The PRC government may at its discretion restrict access to
foreign currencies for current account transactions in the future. The ability of our PRC subsidiaries to make dividends or other