Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 115

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 115
---
 in the composition
of our income or assets or value of our assets may cause us to become a PFIC. The determination of the value of our assets (including
goodwill not reflected on our balance sheet) may be based, in part, on the quarterly market value of Ordinary Shares, which is subject
to change and may be volatile.

The classification of certain
of our income as active or passive, and certain of our assets as producing active or passive income, and hence whether we are or will
become a PFIC, depends on the interpretation of certain United States Treasury Regulations as well as certain Internal Revenue Service,
or IRS, guidance relating to the classification of assets as producing active or passive income. Such regulations guidance is potentially
subject to different interpretations. If due to different interpretations of such regulations and guidance the percentage of our
passive income or the percentage of our assets treated as producing passive income increases, we may be a PFIC in one or more taxable years.

If we are a PFIC for any
taxable year during which a United States person holds Ordinary Shares, certain adverse United States federal income tax consequences
could apply to such United States person. For more information see “Taxation — Material U.S. Federal Income
Tax Consequences — Passive Foreign Investment Company.”

For as long as we are an emerging growth company, we will not be required to comply with certain reporting requirements, including those relating to accounting standards and disclosure about our executive compensation, that apply to other public companies.

We are classified as an
“emerging growth company” under the JOBS Act. For as long as we are an emerging growth company, which may be up to five full
fiscal years, unlike other public companies, we will not be required to, among other things, (i) provide an auditor’s attestation
report on management’s assessment of the effectiveness of our system of internal control over financial reporting pursuant to Section 404(b) of
the Sarbanes-Oxley Act, (ii) comply with any new requirements adopted by the PCAOB requiring mandatory audit firm rotation or a
supplement to the auditor’s report in which the auditor would be required to provide additional information about the audit and
the financial statements of the issuer, (iii) provide certain disclosure regarding executive compensation required of larger public
companies, or (iv) hold nonbinding advisory votes on executive compensation. We will remain an emerging growth company for up to
five years, although we will lose that status sooner if we have more