Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 93

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 93
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CSRC, Ministry of Finance of the PRC, National Administration of State Secrets Protection and National Archives Administration of China
jointly revised the Provisions on Strengthening Confidentiality and Archives Administration for Overseas Securities Offering and Listing,
which were issued by the CSRC, National Administration of State Secrets Protection and National Archives Administration of China in 2009
(the “Provisions”). The revised Provisions are issued under the title of the Provisions on Strengthening Confidentiality and
Archives Administration of Overseas Securities Offering and Listing by Domestic Companies, and came into effect on March 31, 2023 with
the Trial Measures. One of the major revisions to the revised Provisions is expanding its application to cover indirect overseas offerings
and listings, as is consistent with the Trial Measures. The revised Provisions require that, including but not limited to: (a) a domestic
company that plans to, either directly or through its overseas listed entity, publicly disclose or provide to relevant individuals or
entities including securities companies, securities service providers and overseas regulators, any documents and materials that contain
state secrets or working secrets of government agencies, shall first obtain approval from competent authorities according to law, and
file with the secrecy administrative department at the same level; and (b) domestic company that plans to, either directly or through
its overseas listed entity, publicly disclose or provide to relevant individuals and entities including securities companies, securities
service providers and overseas regulators, any other documents and materials that, if leaked, will be detrimental to national security
or public interest, shall strictly fulfill relevant procedures stipulated by applicable national regulations.

On or after March 31, 2023,
any failure or perceived failure by the Company or PRC subsidiaries to comply with the above confidentiality and archives administration
requirements under the revised Provisions and other PRC laws and regulations may result in tthe relevant entities being held legally liable
by competent authorities, and referred to a judicial organization to be investigated for criminal liability if suspected of committing
a crime.

In addition, we cannot assure
you that any new rules or regulations promulgated in the future will not impose additional requirements on us. If it is determined in
the future that approval and filing from the CSRC or other regulatory authorities or other procedures, including the cybersecurity review
under the Measures for Cybersecurity Review and the Draft Regulation on Network for Data Security (if implemented), are required for our
offshore offerings, it is uncertain whether we can or how long it will take us to