Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 41

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 41
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 exist regarding the status of the rights of the Cayman Islands holding companies, including with respect to our Company’s contractual arrangements with the VIE, its founders and owners, and accordingly, we face significant challenges in enforcing these contractual agreements due to legal uncertainties and jurisdictional limits.

We have been advised by
our Cayman Islands legal counsel, Ogier, that there is uncertainty as to whether the courts of the Cayman Islands would (i) recognize
or enforce against us judgments of courts of the United States based on certain civil liability provisions of U.S. securities laws; and
(ii) entertain original actions brought in each respective jurisdiction against us or our directors or officers predicated upon the securities
laws of the United States or any state in the United States.

Contractual agreements and
arrangements with the VIE, its founders and owners, also represent an untested area of law within the Cayman Islands. As such, we are
unaware of the ability to enforce such contract matters in applicable courts and jurisdictions. Thus, we face many challenges in enforcing
our arrangements, due to the vast uncertainties and potential jurisdictional limitations.

There is also no statutory
enforcement in the Cayman Islands of judgments obtained in the United States, although the courts of the Cayman Islands will in certain
circumstances recognize and enforce a foreign judgment, without any re-examination or re-litigation of matters adjudicated upon, provided
such judgment meets certain requirements. See “Enforceability of Civil Liabilities” later in this prospectus for additional
information.

If the PRC government determines that the contractual arrangements constituting part of the VIE structure do not comply with PRC regulations, or if these regulations change or are interpreted differently in the future, we may be unable to assert our contractual rights over the assets of the VIE, and our Ordinary Shares may decline in value or become worthless.

According to our PRC counsel,
the VIE Agreements are not in violation of any prohibitive provisions of the current applicable PRC Laws. However, the relevant PRC regulatory
authorities have broad discretion in determining whether the VIE structure violates PRC laws. Accordingly, the PRC regulatory authorities
may take a view that is contrary to, or otherwise different from, the above opinion of our PRC legal counsel.

If our corporate structure
and contractual arrangements are deemed by the relevant regulators that have competent authority, to be illegal, either in whole or in
part, we may lose the consolidated VIE, which conducts