Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 152

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 152
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 cash equivalents |     |                            |     23,634 |   |     |   |    (42,894 | ) |
| Net decrease in cash and cash equivalents                    |     |                            | (1,536,217 | ) |     |   |   (607,929 |   |
| Cash and cash equivalents, beginning of period               |     |                            |  1,641,923 |   |     |   |  2,249,852 |   |
| Cash and cash equivalents, end of period                     |     | $                          |    105,706 |   |     | $ |  1,641,923 |   |

| 86 |

Net cash used in operating
activities for the fiscal year ended September 30, 2024 was $1,825,252, which was primarily attributable to a net income of $2,711,275,
adjusted for non-cash items for $885,823 and adjustments for changes in working capital of $5,422,350. The adjustments for changes in
working capital mainly included:

| (i)   | increase in                                                                                                      
 payments of Pre-IPO expenses of $237,797 during the fiscal year ended September 30, 2024.                        |
| (ii)  | increase in prepayments                                                                                          
 of $2,182,082 to retain various marketing and promotion activities after the company began the IPO process.      |
| (iii) | increase in accounts receivable                                                                                  
 of $3,148,563 from Zhenglian Shenzhen’s customers’ credit sales during the fiscal year ended September 30, 2024. |
| (iv)  | decrease in operating lease                                                                                      
 liabilities of $446,396 as the company pays operating lease payments during the year.                            |

Net cash used in operating
activities for the fiscal year ended September 30, 2023 was $1,393,210, which was primarily attributable to a net income of $2,522,852,
adjusted for non-cash items for $859,846 and adjustments for changes in working capital of $4,775,908. The adjustments for changes in
working capital mainly included:

| (i)   | increase in payments of Pre-IPO                                                                                   
 expenses of $1,913,653 during the fiscal year ended September 30, 2023.                                           |
| (ii)  | increase in prepayments                                                                                           
 of $1,997,587 to retain various marketing and