Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 73

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 73
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 and adversely affect the VIE’s business, financial condition, and results of operations.
Actual or threatened war, terrorist activities, political unrest, civil strife, and other geopolitical uncertainty could have a similar
adverse effect on the VIE’s business, financial condition, and results of operations. Any one or more of these events may impede
the VIE’s production and delivery efforts and adversely affect its sales results, whether short-term or for a prolonged period
of time, which could materially and adversely affect the VIE’s business, financial condition, and results of operations.

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Since late December 2019,
the outbreak of a novel strain of coronavirus, later named COVID-19 has spread globally. On January 30, 2020, the International Health
Regulations Emergency Committee of the World Health Organization declared the outbreak a “Public Health Emergency of International
Concern (PHEIC),” and later on March 11, 2020, a global “pandemic.” The COVID-19 pandemic has led governments across
the globe to impose a series of measures intended to contain its spread, including border closures, travel bans, quarantine measures,
social distancing, and restrictions on business operations and large gatherings. From 2020 to the middle of 2022, COVID-19 vaccination
programs have been greatly promoted around the globe, however several types of COVID-19 variants have emerged in different parts of the
world and caused temporary lockdowns. Restrictions had been re-imposed from time to time in certain cities to combat sporadic outbreaks
of COVID-19 in the PRC from early 2020 through December 2022. For example, in early 2022, the Omicron variant of COVID-19 was identified
in China, especially in Shenzhen and Shanghai city, Jilin Province and Beijing, where strict lockdowns were imposed. In addition, in
the second half of 2022, some cities, including Guangzhou, Shenzhen and Beijing, remained under lockdown for discrete periods of time
due to measures to contain the spread of Omicron and the zero-COVID measures taken by the local governments.

Due to the rapidly expanding
nature of COVID-19 pandemic and the zero-COVID measures taken by the local governments from early 2020 through December 2022, and because
substantially all of the VIE’s business operations and workforce are concentrated in the PRC, we believe that COVID-19 pandemic
has impacted, and will likely