Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 216

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 216
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 there have been no transactions or loans between the company
and (a) enterprises that directly or indirectly through one or more intermediaries, control or are controlled by, or are under common
control with, the Company; (b) associates; (c) individuals owning, directly or indirectly, an interest in the voting power of the Company
that gives them significant influence over the company, and close members of any such individual’s family; (d) key management personnel,
that is, those persons having authority and responsibility for planning, directing and controlling the activities of the company, including
directors and senior management of companies and close members of such individuals’ families; any enterprises in which a substantial
interest in the voting power is owned, directly or indirectly, by any person described in (c) or (d) or over which such a person is able
to exercise significant influence. We have not established a related party management system.

Contractual Arrangements with the VIE and the VIE Shareholders

The VIE Agreements are designed
so that the operations of the VIE are solely for the benefit of WFOE and, ultimately, the Company. As such, under U.S. GAAP, the Company
is deemed to have a controlling financial interest in, and be the primary beneficiary of, the VIE for accounting purposes only and must
consolidate the VIE because it met the conditions under U.S. GAAP to consolidate the VIE. For a description of these contractual arrangements,
see “Corporate History and Structure — the VIE Agreements.”

Relationship with Liaoning Pulian

Liaoning Pulian Suyuan Health
Technology Information Consulting Co., Ltd. (“Liaoning Pulian”) is a related party of the Company. Gang Jian serves as a
senior executive of Liaoning Pulian, and these related relationships have been confirmed by the accountant hired by the Company.

Related Party Lending

We previously had a lending
arrangement with Zerolimit Digital. However, as of the date of this prospectus, all such credit arrangements have been retired and there
are no related party amounts currently due, payable or outstanding.

Employment Agreements

See “Management—
Employment Agreements and Indemnification Agreements.”

Equity Incentive Plans

The Company currently has
no equity incentive plan in place.

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Material Transactions with Related Parties

The VIE has a series of licensing
agreements and a trademark authorization agreement (des