Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 165

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 165
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 more advanced equipment to meet the continually increasing demands for resources. We believe
that distributed networks can address the limitations of traditional networks. Leveraging secure and decentralized distributed technologies,
with relatively modest infrastructure investment, companies or individuals can obtain sufficient processing power, bandwidth, and storage
resources at a comparatively lower cost. This allows them to meet the growing demands of the next generation internet.

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Our network infrastructure
software products can build a unique proprietary distributed network that can be easily deployed across a multitude of devices, from
servers to personal computers, tablets, and mobile phones (meeting the minimum hardware requirements). These devices can simultaneously
serve as nodes on the distributed network. Deployment is typically achieved by simply running a software installation package on hardware
that meets the specified configuration. Security is ensured through innovative authentication methods, utilizing public and private key
pairs, along with other relevant security measures.

In order to propel the development
of distributed networks and encourage more developers or network platform operators to engage in the utilization of decentralized applications,
we not only offer efficient network infrastructure tools but also provides complementary software development kits for decentralized
applications. The development tools facilitate the entire process of decentralized application development, including coding, debugging,
testing, and deployment, within an integrated environment.

Our goal is to become a
leading provider of distributed network solutions. We hope to continue to increase our investment in the research and development of
distributed networks and to continuously educate and spread awareness of the solutions we can provide to the issues encountered by both
traditional and current networks. Additionally, we will enhance the commercial value delivered to our end-users through our dealer channel
network. We believe that by leveraging our proprietary technology, research and development capabilities, and accumulating valuable expertise
through investments in relevant technological research, we can maintain a competitive advantage in the industry.

We aim to stay up-to-date
on technical innovations by maintaining a large talent pool and will continue to invest in research and development to upgrade our software
solutions. In 2022, we obtained the national high-tech enterprise certification in China. As of September 30, 2024 and 2023, our research
and development team consisted of 23 and 31 researchers, programmers, and engineers, accounting for approximately 55% and 57% of the
total number of employees, respectively.

We historically derived
our revenue mainly from software product sales through distributors and related post-contract services. As of September 30, 2024 and
2023, we had 35 and 28 distributors in China