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

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 25
---
, the
majority of our operations are conducted through the VIE in China pursuant to the VIE Agreements (described in more detail below). For
a description of the VIE Agreements, see “Corporate History and Structure — VIE Agreements.” See
also “Risk Factors – Risks Related to Our Corporate Structure.”

Our holding company Zerolimit
Technology Holding Co. Ltd, or Zerolimit Cayman, was incorporated under the laws of the Cayman Islands on February 2, 2023 to facilitate
off-shore financing activities, and our daily operations are conducted primarily through the VIE in China. On August 28, 2017, Zhenglian
Technology (Shenzhen) Co., Ltd., or Zhenglian Shenzhen, the VIE, was incorporated pursuant to PRC laws. Zerolimit Technology Holding
Co. Limited, or HK Zerolimit, our wholly-owned Hong Kong subsidiary, was established on March 13, 2023. Finally, on May 22, 2023,
Zerolimit Holdings (Shenzhen) Co., Ltd was incorporated pursuant to PRC laws as a wholly foreign-owned enterprise, WFOE, and a wholly
owned subsidiary of HK Zerolimit. The VIE Agreements by and between WFOE, the VIE and the VIE Shareholders are described in more detail
below.

The shareholders of Zerolimit
Technology Holding Co. Ltd. are as follows:

| Shareholders                           | Number of Shares Held | Percentage Interest (%) |
| Zerolimit Digital Technology Limited 1 |            36,505,000 | 73.01%                  |
| Zerolimit Excellence Limited 2         |             5,500,000 | 11%                     |
| Zerolimit Power Limited 3              |             5,500,000 | 11%                     |
| Zerolimit Virtue Limited 4             |             2,495,000 | 4.99%                   |
| Total                                  |            50,000,000 | 100%                    |

Beneficial owners of the above
are as follows:

| (1) | Zerolimit Digital Technology                                                                                                           
 Limited, a British Virgin Islands limited company, holds 36,505,000 ordinary shares.  Zerolimit Digital Technology Limited             
 is 100% owned by Guangqing Hu, the Company’s Chief Technology Officer and Chairman of