Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 136

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 136
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; ZeroLimit Digital Technology Co., Ltd equity interest holders include Guangqing Hu and Zerolimit Origin Technology
(Shenzhen) Co., Ltd, which hold 10% and 90% of the equity interests, respectively, in ZeroLimit Digital Technology Co., Ltd.; Zerolimit
Origin Technology (Shenzhen) Co., Ltd equity interest holders include Guangqing Hu and Kai Hu, who hold 90% and 10% of the equity interests,
respectively, in the Zerolimit Origin Technology (Shenzhen) Co., Ltd.

Arrangements between Onshore and Offshore Entities

Contracts or arrangements between
the offshore and onshore companies are discussed below, including the manner in which the Company’s operates and the impact on its
economic rights and ability to control its subsidiaries.

On May 24, 2023, the Company
consummated a reorganization pursuant to which WFOE, Zhenglian Shenzhen and Zhenglian Shenzhen’s shareholders entered into a series
of contractual arrangements. Such agreements are described under “Corporate History and Structure — The VIE Agreements”
as follows: (1) Zerolimit Cayman is a holding company with no business operations other than holding the shares in Zerolimit HK; (2) Zerolimit
HK is a pass-through entity with no business operations other than holding equity interest in WFOE; and (3) WFOE is exclusively engaged
in the business of managing the operations of Zhenglian Shenzhen. The Company controls Zhenglian Shenzhen through contractual agreements,
which are described under “Corporate History and Structure — The VIE Agreements.”

Pursuant to PRC laws, each
entity formed under PRC law shall have certain business scope registered at the Administration for Market Regulation or its local counterpart.
As such, WFOE’s business scope is to primarily engage in business development, technology service, technology consulting, intellectual
property service and business management consulting. Since the sole business of WFOE is to provide Zhenglian Shenzhen with technical
support, consulting services and other management services relating to its day-to-day business operations and management in exchange
for a consulting fee solely at WFOE’s discretion and can be the net income of Zhenglian Shenzhen, such business scope is necessary
and appropriate under the PRC laws. Zhenglian Shenzhen, on the other hand, has been granted a business scope different from WFOE to enable
it to provide distributed network technology solutions.

The V