Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 19

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 19
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Corporate Development

We commenced our commercial
operations in 2017 in China. In the early stages of our establishment, we focused on building the overall technological framework to
expedite the development process of the distributed network. From 2018 to 2019, we made breakthroughs in the technological framework,
including the development of mobile deployment, peer-to-peer networking, and distributed storage. We also launched successive versions
of our distributed network infrastructure software, including a demo version, internal test version, and public test version. In September
2021, we officially launched the Cloud Base Station Node Software, which marked a milestone in our business operations. Since 2021, we
have begun generating revenue from software products developed based on distributed networks. In 2022, we obtained the national high-tech enterprise
certification in China. In April 2023, we achieved the recognition as a specialized and sophisticated SME.

We are constantly investing
in research and development to improve the existing software products and create new ones. We maintain a talent pool and will continue
to invest to enhance our technology. As of September 30, 2024 and 2023, our research and development team consisted of 23 and 31 researchers,
programmers, and engineers, accounting for approximately 55% and 57% of the total number of employees, respectively.

| 8 |

Competitive Strengths

We believe that we possess
the following strengths, which give us a competitive advantage in our industry:

| § | We                                                                            
 were an early entrant into the decentralized distributed technology industry; |

Our founder, Chief Technology Officer
and Chairman of our Board of Directors, Mr. Guangqing Hu, has been developing our proprietary technology to address the need for secure,
decentralized, distributed networks since 2017 and has taken steps to safeguard such technology. Since inception, our research and development
team has continued to innovate its proprietary technology to be competitive in the industry.

| § | Intellectual                                      
 property protection of our critical technologies; |

As of the date of this prospectus,
we have 2 registered trademarks, 38 registered computer software copyrights, 11 registered patents and 1 license in China.

| § | Our                                                                                   
 accumulation of valuable know-how through our investment in research and development; |

Our research and development team consisted
of 23 and 31 talented researchers, programmers, and engineers, representing approximately 55% and 57% of its total workforce as of September
30, 2024 and