Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 67

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 67
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 operations.
If one or more of the VIE’s senior executives or other key personnel, including key engineers, are unable or unwilling to continue
in their present positions, the VIE may not be able to replace them easily or at all, and the VIE’s business may be disrupted and
financial condition and results of operations may be materially and adversely affected. Competition for senior management and key personnel
is intense, the pool of qualified candidates is very limited, and the VIE may not be able to retain the services of its senior executives
or key personnel, or attract and retain high-quality senior executives or key personnel in the future. As is customary in the PRC, the
VIE does not have insurance coverage for the loss of its senior management team or other key personnel.

In addition, if any member
of the VIE’s senior management team or any of its other key personnel joins a competitor or forms a competing company, the VIE may
lose clients, important relationships, sensitive trade information, and key professionals and staff members.

If the VIE fails to adopt new technologies to evolving distributor needs or emerging industry standards, the VIE’s business may be materially and adversely affected.

To remain competitive, the
VIE must continue to stay abreast of the constantly evolving industry trends and must enhance and improve its technology accordingly.
The VIE must identify and adopt new technologies to meet customer needs, and must also identify and adopt technologies that meet evolving
industry standards and trends. Such adoption may be accomplished through in-house research and development or acquisition of the technologies.
There can be no assurance that the VIE will be able to identify, develop or acquire such technologies or even utilize such technologies
effectively. If the VIE fails to adapt to customer demands and evolving industry standards and trends in a cost-effective and timely manner,
whether for technical, legal, financial or other reasons, its business may be materially and adversely affected.

| 36 |

Changes to the VIE’s payment terms with both distributors and suppliers may materially adversely affect our operating cash flows.

The VIE may experience significant
pressure from its suppliers to reduce the number of days of their accounts payable or change the way they pay. At the same time, the VIE
may experience pressure from its distributors to extend the number of days before paying their accounts receivable. As the company's business
expands and distributors’ needs become increasingly diverse, in order to enhance market competitiveness and strengthen long-term
strategic partnerships with clients, we have appropriately relaxed our payment