Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 256

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 256
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 state,
local, foreign and other tax consequences to them of the purchase, ownership and disposition of our Ordinary Shares.

General

For purposes of this discussion,
a “U.S. Holder” is a beneficial owner of our Ordinary Shares that is, for U.S. federal income tax purposes:

| · | an individual who is a citizen or resident of the United States;                                                                |
| · | a corporation (or other entity taxable as a corporation for U.S. federal                                                        
 income tax purposes) organized under the laws of the United States, any state thereof or the District of Columbia;              |
| · | an estate whose income is subject to U.S. federal income taxation regardless                                                    
 of its source; or                                                                                                               |
| · | a trust that (1) is subject to the primary supervision of a court                                                               
 within the United States and the control of one or more U.S. persons for all substantial decisions, or (2) has a valid election 
 in effect under applicable U.S. Treasury regulations to be treated as a U.S. person.                                            |

If a partnership (or other
entity treated as a partnership for U.S. federal income tax purposes) is a beneficial owner of our Ordinary Shares, the tax treatment
of a partner in the partnership will generally depend upon the status of the partner and the activities of the partnership. Partnerships
holding our Ordinary Shares and their partners are urged to consult their tax advisors regarding an investment in our Ordinary Shares.

Passive Foreign Investment Company (“PFIC”) Consequences

A non-U.S. corporation is
considered a PFIC, as defined in Section 1297(a) of the US Internal Revenue Code, for any taxable year if either:

| · | at least 75% of its gross income for such taxable year is passive income;                                                              
 or                                                                                                                                     |
| · | at least 50% of the value of its assets (based on an average of the                                                                    
 quarterly values of the assets during a taxable year) is attributable to assets that produce or are held for the production of passive 
 income (the “asset test”).                                                                                                             |

Passive income generally
includes dividends, interest, rents and royalties (other than rents or royalties derived from the active conduct of a trade or business)
and gains from the disposition of passive assets. We will be treated as owning our proportionate share of the assets and earning our proportionate
share of the income of any other corporation in which we own, directly or indirectly, at least 25% (