Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 136

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 136
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 also launched successive versions
of our distributed network configuration tool software, including a demo version, internal test version, and public test version. In
September 2021, we officially launched the Cloud Base Station Node Software, which marked a milestone in our business operations. Since
2021, we have begun generating revenue from software products developed based on distributed networks. In 2022, we obtained the national high-tech enterprise
certification in China. In April 2023, we achieved the recognition as a specialized and sophisticated SME.

Our holding company Zerolimit
Technology Holding Co. Ltd, or Zerolimit Cayman, was incorporated under the laws of the Cayman Islands on February 2, 2023 to facilitate
off-shore financing activities, and our daily operations are conducted primarily through the VIE in China. On August 28, 2017, Zhenglian
Technology (Shenzhen) Co., Ltd., or Zhenglian Shenzhen, the VIE, was incorporated pursuant to PRC laws. Zerolimit Technology Holding
Co., Limited, or HK Zerolimit, our wholly-owned Hong Kong subsidiary, was established on March 13, 2023. Finally, on May 22, 2023, Zerolimit
Holdings (Shenzhen) Co., Ltd was incorporated pursuant to PRC laws as a wholly foreign-owned enterprise, WFOE, and a wholly owned subsidiary
of HK Zerolimit. WFOE has entered into a series of contractual arrangements with the VIE and its shareholders. As a result of our direct
ownership in WFOE and the contractual arrangements with the VIE, we are considered the primary beneficiary of the VIE. The VIE Agreements
by and between WFOE, the VIE and the VIE Shareholders are described in more detail below.

Corporate Structure

The following diagram illustrates
our corporate structure, including our significant subsidiaries, and the VIE, as of the date of this prospectus:

| 76 |

The shareholders of Zerolimit
Technology Holding Co. Ltd. are as follows:

| Shareholders                   |         Number 
 of Shares Held | Percentage   
 Interest (%) |
| Zerolimit                      
 Digital Technology Limited (a) |     36,505,000 | 73.01%       |
| Zerolimit                      
 Excellence Limited (b)         |      5,500,000 | 11%          |
| Zerolimit                      
 Power