Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 58

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 58
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 affected.

The top 3 customers for the fiscal year ended September 30, 2024 are the following (1) Guangdong Lightning Cat New Energy Technology Co., Ltd (“Guangdong Lightning”), (2) Chongqing Shenghong Technology Co., Ltd (“Chongqing Shenghong”), and (3) Shenzhen Huawang Supply Chain Co., Ltd (“Shenzhen Huawang”).

The top 3 customers for
the fiscal year ended September 30, 2023 are the following: (1) Liaoning Pulian Suyuan Health Technology Information Consulting Co.,
Ltd. (“Liaoning Pulian”), (2) Shenzhen Jisu Distributed Network Technology Co., Ltd. (“Shenzhen Jisu”), and (3)
Zerolimit Digital Technology Co., Ltd. (“Zerolimit Digital”).

Liaoning Pulian and Shenzhen Jisu are distributors which have signed master sales contracts with the VIE. Important terms of the agreements are as follows:

1. Upon receipt of the software
payment into the designated account of Party A, Party A shall be responsible for configuring the software and delivering the software
activation code along with the installation manual to Party B. Party B shall confirm the successful activation of the software and then
issue an acceptance confirmation.

2. The software license
provided is a permanent license, allowing Party B to operate the software at any time and place, within an independent third-party environment,
following delivery.

3. Party A is committed
to providing one year of after-sales service, which includes technical support, maintenance, and automatic background updates

4. For after-sales services
exceeding one year, the service fees shall be separately negotiated and agreed upon by both Party A and Party B based on necessity.

This product guarantee constitutes
Party A's commitment to Party B. During its agency period, Party B shall assume the product guarantee obligations towards the end-users,
which are transferred to Party B concurrently with the delivery of Party A's products.

Zerolimit Digital is the
VIE’s domestic parent company which has signed software authorization agreements for the use of four software products developed
by the VIE. Please refer to the discussion starting on page 140 for “Material Transactions with Related Parties”
for more details.

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We are subject to concentration risks of suppliers and customers.

As of September 30, 2024 and 2023, there were three and three customers from whom revenues individually represent greater than 10%