Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 135

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 135
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 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. WFOE has entered into a series of contractual arrangements with the VIE and its shareholders. As a result of our direct
ownership in WFOE and the contractual arrangements with the VIE, we are considered the primary beneficiary of the VIE. The VIE Agreements
by and between WFOE, the VIE and the VIE Shareholders are described in more detail below.

Corporate Structure

The following diagram illustrates
our corporate structure, including our significant subsidiaries, and the VIE, as of the date of this prospectus:

| 76 |

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

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

Beneficial owners of the
above are as follows: (a) Guangqing Hu beneficially owns 100% of these shares on behalf of Zerolimit Digital Technology Limited; (b)
Kai Hu beneficially owns 100% of these