Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 12

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 12
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 delivered to our end-users
through the dealer channel network of our subsidiaries and the VIE. We believe that by leveraging the proprietary technology, research
and development capabilities of the VIE and our subsidiaries, and accumulating valuable expertise through investments in relevant technological
research, we can maintain a competitive advantage in the industry.

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We aim to stay up-to-date
on technical innovations by maintaining a large talent pool and will continue to invest in research and development to upgrade the software
solutions of our subsidiaries and the VIE. In 2022, the VIE and our subsidiaries obtained the national high-tech enterprise certification
in PRC. As of September 30, 2024, the VIE’s research and development team consisted of 23 researchers, programmers, and engineers,
accounting for approximately 55% of the total number of employees.

The VIE has historically
derived its revenue mainly from software product sales through distributors and related post-contract services. As of September 30, 2024
and 2023, we had 35 and 28 distributors, respectively, in China. We consider these distributors to be our customers. Through
this distribution network channel penetration, sales have extended to cover 9 provinces and 11 municipalities in China as of September
30, 2024.

We capitalized $0.012 million
and $0.59 million of research and development expenditure for the fiscal years ended September 30, 2024 and 2023, respectively. We also
incurred research and development expenses of $0.048 million and $0.124 million for the fiscal years ended September 30, 2024 and 2023,
respectively. Our allocation of resources towards innovation has fostered our growth, as a combined company including the VIE and our
subsidiaries. For the fiscal year ended September 30, 2024 and 2023, total revenue reached approximately $5.91 million and $5.68 million,
respectively, and net income was approximately $2.71 million and $2.52 million, respectively.

Our Technology Advantages

We place significant emphasis
on the innovation and research and development of the underlying infrastructure of the next generation of the internet. Through continuous
investment, we have achieved outstanding results, including obtaining the national high-tech enterprise certification, jointly issued
by the Shenzhen Science and Technology Innovation Committee, Shenzhen Finance Bureau, and the Shenzhen Tax Service of State Taxation Administration,
as well as the specialized