Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 248

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 248
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 for stamp duties, which may be applicable on instruments executed in, or, after execution, brought within the jurisdiction
of the Cayman Islands. The Cayman Islands is a party to a double tax treaty entered with the United Kingdom in 2010, but is otherwise
not party to any double tax treaties that are applicable to any payments made to or by our company. There are no exchange control regulations
or currency restrictions in the Cayman Islands.

Payments of dividends and
capital in respect of our Ordinary Shares will not be subject to taxation in the Cayman Islands and no withholding will be required on
the payment of a dividend or capital to any holder of our Ordinary Shares, as the case may be, nor will gains derived from the disposal
of our Ordinary Shares be subject to Cayman Islands income or corporation tax.

The Cayman Islands enacted
the International Tax Co-operation (Economic Substance) Act (2021 Revision), together with the Guidance Notes published by the Cayman
Islands Tax Information Authority from time to time. The Company is required to comply with the economic substance requirements from July
1, 2019 and make an annual report in the Cayman Islands as to whether or not it is carrying on any relevant activities and if it is, it
must satisfy an economic substance test.

PRC Taxation

Income Tax and Withholding Tax

In March 2007, the National
People’s Congress of China enacted the Enterprise Income Tax Law, or “EIT Law,” which became effective on January 1,
2008 (as amended in December 2018). The EIT Law provides that enterprises organized under the laws of jurisdictions outside China
with their “de facto management bodies” located within China may be considered PRC resident enterprises and therefore subject
to EIT at the rate of 25% on their worldwide income. The Implementing Rules of the EIT Law further defines the term “de facto
management body” as the management body that exercises substantial and overall management and control over the business, personnel,
accounts and properties of an enterprise.

In April 2009, the SAT
issued the Notice Regarding the Determination of Chinese-Controlled Overseas Incorporated Enterprises as PRC Tax Resident Enterprises
on the Basis of De Facto Management Bodies, known as “Circular 82,” which provides certain specific criteria for determining
whether the “de facto management body” of a PRC-controlled enterprise that is incorporated offshore is deemed to be located
in China. Although Circular 82 only applies to offshore enterprises