Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 229

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 229
---
 |
| · | without                                                                                            
 the consent of the other directors, he is absent from meetings of directors for continuous         
 period of six months.                                                                              |

Each of the compensation
committee and the nominating and corporate governance committee shall consist of at least three directors and the majority of the committee
members shall be independent within the meaning of Section 5605(a)(2) of the Nasdaq listing rules. The audit committee shall consist
of at least three directors, all of whom shall be independent within the meaning of Section 5605(a)(2) of the Nasdaq listing
rules and will meet the criteria for independence set forth in Rule 10A-3 or Rule 10C-1 of the Exchange Act.

Powers and Duties of Directors

Subject to the provisions
of the Cayman Companies Act and our Memorandum and Articles of Association, as amended from time to time, our business shall be managed
by the directors, who may exercise all our powers. No prior act of the directors shall be invalidated by any subsequent alteration of
our Memorandum or Articles. To the extent allowed by the Cayman Companies Act, however, shareholders may by special resolution validate
any prior or future act of the directors which would otherwise be in breach of their duties.

The directors may delegate
any of their powers to any committee consisting of one or more persons who need not be shareholders and may include non-directors so
long as the majority of those persons are directors; any committee so formed shall in the exercise of the powers so delegated conform
to any regulations that may be imposed on it by the directors. Upon the initial closing of this offering, our board of directors will
have established an audit committee, compensation committee, and nomination and corporate governance committee.

| 143 |

The Board of Directors may
establish any local or divisional board of directors or agency and delegate to its powers and authorities (with power to sub-delegate)
for managing any of our affairs whether in the Cayman Islands or elsewhere and may appoint any persons to be members of a local or divisional
board of directors, or to be managers or agents, and may fix their remuneration.

The directors may from time
to time and at any time by power of attorney or in any other manner they determine, appoint any person, either generally or in respect
of any specific matter, to be our agent with or without authority for that person to delegate all or any of that person’s powers.

The directors may from time
to time and at