Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 204

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 204
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 October 14, 2019, which became effective
on January 1, 2020. The SAT Circular 35 further simplified the procedures for enjoying treaty benefits and replaced the SAT Circular
60. According to the SAT Circular 35, no approvals from the tax authorities are required for a non-resident taxpayer to enjoy treaty
benefits, where a non-resident taxpayer self-assesses and concludes that it satisfies the criteria for claiming treaty benefits, it may
enjoy treaty benefits at the time of tax declaration or at the time of withholding through the withholding agent, but it shall gather
and retain the relevant materials as required for future inspection, and accept follow-up administration by the tax authorities. In addition,
according to a tax circular issued by SAT in February 2009, if the main purpose of an offshore arrangement is to obtain preferential
tax treatments, the PRC tax authorities will have the discretion to adjust the preferential tax rate enjoyed by the relevant offshore
entity.

We conduct our business in China through the VIE. The former description of our business is a description of the business of the VIE. For avoidance of doubt, all references in the former section to the terms “our,” “us,” or “we” refer to the VIE. See “ Corporate History and Structure— The VIE Agreements” for a summary of the contractual arrangements and “Risk Factors — Risks Related to Our Corporate Structure” for certain risks related to the contractual arrangements.

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<div align='center'>MANAGEMENT</div>

Directors and Executive Officers

The following table sets
forth information regarding directors and executive officers of the Company as of the date of this prospectus.

| Name                |     | Age |     | Position/Title                                                            |
| Zhiwei Zheng        |     |  55 |     | Chief Executive Officer and Director                                      |
| Jiawen Lai          |     |  40 |     | Chief Financial Officer                                                   |
| Guangqing Hu        |     |  59 |     | Director, Chairman of the Board of Directors and Chief Technology Officer |
| Oliver Yucheng Chen |     |  46 |     | Independent Director Nominee*                                             |
| Xiaosha Hu          |     |  44 |     | Independent Director Nominee*                                             |
| Shaomei Zhang       |     |  43 |     | Independent Director Nominee*                                             |

* These individuals will become directors of
the Company upon the effectiveness of the registration statement