Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 7

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 7
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 any charters or mandates
on behalf of the Chinese Communist Party. We have disclosed throughout this prospectus material risks related to the role of the government
of the PRC in the operations of PRC-based companies and operations, including disclosures about any material impacts that intervention
or control by the PRC could have with respect to our operations, our business or the value of our securities. To the extent relevant
or applicable to us, we have disclosed throughout this prospectus the material impacts of PRC statutes. We do not believe the Uyghur
Forced Labor Prevention Act (“UFLPA”), which among other things prohibits the import of goods from the Xinjiang Uyghur Autonomous
Region of the PRC, applies to our business or operations. Thus, we do not expect the UFLPA to materially impacts our business or operations.
We have also set forth in the prospectus any material compliance risks and material supply chain disruptions that we may face as a result
of our connection to the PRC. See “Risk Factors” for more information.

Additionally, upon the completion
of this offering, we will be a “controlled company” as defined under corporate governance rules of Nasdaq, because Guangqing
Hu, the Chairman of our board of directors (“Board of Directors”) and Chief Technology Officer, is currently the beneficial
owner (as that term is defined under Rule 13d-3 promulgated pursuant to the Exchange Act) of 73.01% of our outstanding Ordinary Shares,
which is directly held by Zerolimit Digital Technology Limited, a British Virgin Islands exempted company with limited liability, whereby
Guangqing Hu is the holder of 100% of the ordinary shares of Zerolimit Digital Technology Limited. See “Principal Shareholders.” Our controlling shareholder will have substantial control over corporate matters after this offering. For so
long as we remain a controlled company under Nasdaq’s corporate governance standards, we are eligible to utilize certain exemptions
from the corporate governance requirements of Nasdaq. For more information, see “Risk Factors — Risks
Related to this Offering and the Ordinary Shares — We will be a “controlled company” within the meaning of the Nasdaq listing rules, and as such may follow certain exemptions from certain corporate governance requirements that could adversely affect our public shareholders.”

Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

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