Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 92

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 92
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 prospectus, we have been in the process of filing
with the CSRC in connection with this offering and our listing on Nasdaq. We may also be required to file with the CSRC in connection
with any of our future offerings and listings in an overseas market, including follow-on offerings, issuance of convertible bonds, offshore
relisting after going-private transactions, and other equivalent offering activities. If we fail to complete such filing procedures for
this offering and our listing on Nasdaq as well as any future offshore offering or listing in an overseas market, including our follow-on
offerings, issuance of convertible bonds, offshore relisting after going-private transactions, and other equivalent offering activities,
we may face sanctions by the CSRC or other PRC regulatory authorities, which may include fines and penalties on us, restrictions on or
delays to our financing transactions offshore, or other actions that could have a material and adverse effect on our business, financial
condition, results of operations, reputation and prospects, as well as the trading price of our ordinary shares.

| 49 |

On February 24, 2023, the
CSRC, Ministry of Finance of the PRC, National Administration of State Secrets Protection and National Archives Administration of China
jointly revised the Provisions on Strengthening Confidentiality and Archives Administration for Overseas Securities Offering and Listing
which was issued by the CSRC, National Administration of State Secrets Protection and National Archives Administration of China in 2009,
or the Provisions. The revised Provisions are issued under the title of the Provisions on Strengthening Confidentiality and Archives
Administration of Overseas Securities Offering and Listing by Domestic Companies, and came into effect on March 31, 2023 with the Trial
Measures. One of the major revisions to the revised Provisions is expanding its application to cover indirect overseas offerings and
listings, as is consistent with the Trial Measures. The revised Provisions require that, including but not limited to (a) a domestic
company that plans to, either directly or through its overseas listed entity, publicly disclose or provide to relevant individuals or
entities including securities companies, securities service providers and overseas regulators, any documents and materials that contain
state secrets or working secrets of government agencies, shall first obtain approval from competent authorities according to law, and
file with the secrecy administrative department at the same level; and (b) domestic company that plan to, either directly or through
its overseas listed entity, publicly disclose or provide to relevant individuals and entities