Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 325

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 325
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sequent events

The Company evaluated all events and transactions
that occurred after September 30, 2024 up through January 10, 2025, the date the Company confidentially filed these consolidated financial
statements for disclosure or recognition in the consolidated financial statements of the Company, as appropriate.

On Oct 11, 2024, the Company obtained $270,748 borrowings from Bank of Communications Co., Ltd. Shenzhen Branch with interest rate of 3%.

This short-term loan was guaranteed by the below
intangible assets of the Company.

| Categories        |     | Intangible Assets pledged for bank loan                                           |     | Carrying Amount          
 As of September 30, 2024 |        |
|:------------------|:----|:----------------------------------------------------------------------------------|:----|:-------------------------|-------:|
| Patent right      |     | An improvement method of k-bucket structure of kademlia protocol                  |     | $                        |  2,209 |
| Licensed software |     | Distributed peer-to-peer network for large-scale clusters with billions of scales |     |                          |  5,790 |
| Patent right      |     | A distributed network and its construction method                                 |     |                          | 32,534 |
| Total             |     |                                                                                   |     | $                        | 40,533 |

| F-32 |

On Oct 24, 2024, the Company obtained $712,494
borrowings from Industrial and Commercial Bank of China Limited Shenzhen Hi-Tech Park South Branch with interest rate of 2.75%, the loan
was guaranteed by Guangdong Financing Re Guarantee Co., Ltd.

On Nov 15, 2024, the Company obtained $646,945
borrowings from China Guangfa Bank Co., Ltd. Shenzhen Branch with interest rate of 3.6%.

The term of the borrowings shall not exceed one
year.

23. Condensed financial information of the parent company

The Company’s PRC subsidiaries are restricted
in their ability to transfer a portion of their net assets to the Company. Payment of dividends by entities organized in the PRC are
subject to limitations, procedures and formalities. Regulations in the PRC currently permit payments of dividends only out of accumulated
profits as determined in accordance with accounting standards and regulations in the PRC. The Company’s PRC subsidiaries are also
required to set aside at least 10% of its after-tax profit based on PRC accounting standards each year to its statutory reserves