Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 116

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 116
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 than $1.235 billion of revenues in a fiscal year, have
more than $700 million in market value of our Ordinary Shares held by non-affiliates, or issue more than $1.0 billion of non-convertible
debt over a three-year period.

| 60 |

The JOBS Act also provides
that an emerging growth company does not need to comply with any new or revised financial accounting standards until such date that a
private company is otherwise required to comply with such new or revised accounting standards. In other words, an “emerging growth
company” can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies.
We have elected to take advantage of the extended transition period. As a result of this election, our future financial statements may
not be comparable to other public companies that comply with the public company effective dates for these new or revised accounting standards.

To the extent that we rely
on any of the exemptions available to emerging growth companies, you will receive less information about our executive compensation and
internal control over financial reporting than issuers that are not emerging growth companies. If some investors find our Ordinary Shares
to be less attractive as a result, there may be a less active trading market for our Ordinary Shares and our share price may be more
volatile.

If we fail to implement and maintain an effective system of internal controls or fail to remediate the material weaknesses in our internal control over financial reporting that have been identified, we may fail to meet our reporting obligations or be unable to accurately report our results of operations or prevent fraud, and investor confidence and the market price of our Ordinary Shares may be materially and adversely affected.

Prior to this offering, we
have been a private company with limited accounting personnel and other resources with which to address our internal controls and procedures.
Our independent registered public accounting firm has not conducted an audit of our internal control over financial reporting. However,
in preparing our consolidated financial statements as of and for the fiscal years ended September 30, 2024 and 2023, and balance sheet
data as of September 30, 2024 and 2023, we and our independent registered public accounting firm have identified material weaknesses in
our internal control over financial reporting, as defined in the standards established by the PCAOB, and other control deficiencies. The
material weaknesses identified included: (i) a lack of accounting staff and resources with appropriate knowledge of U.S. GAAP and
SEC reporting and compliance requirements; and (ii) a lack