Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 49

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 49
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 the corresponding figure in the issuer’s audited
consolidated financial statements for the same period; (ii) its major operational activities are carried out in China or its main places
of business are located in China, or the senior managers in charge of operation and management of the issuer are mostly Chinese citizens
or are domiciled in China; and (3) where a domestic company seeks to indirectly offer and list securities in an overseas market, the
issuer shall designate a major domestic operating entity responsible for all filing procedures with the CSRC, and where an issuer makes
an application for an initial public offering in an overseas market, the issuer shall submit filings with the CSRC within three business
days after such application is submitted. On the same day, the CSRC also held a press conference for the release of the Trial Measures
and issued the Notice on Administration for the Filing of Overseas Offering and Listing by Domestic Companies, which, among others, clarifies
that (1) on or prior to the effective date of the Trial Measures, domestic companies that have already submitted valid applications for
overseas offering and listing but have not obtained approval from overseas regulatory authorities or stock exchanges may reasonably arrange
the timing for submitting their filing applications with the CSRC, and must complete the filing before the completion of their overseas
offering and listing; (2) a six-month transition period will be granted to domestic companies which, prior to the effective date of the
Trial Measures, have already obtained the approval from overseas regulatory authorities or stock exchanges, but have not completed the
indirect overseas listing; if domestic companies fail to complete the overseas listing within such six-month transition period, they
shall file with the CSRC according to the requirements; and (3) the CSRC will solicit opinions from relevant regulatory authorities and
complete the filing of the overseas listing of companies with contractual arrangements which duly meet the compliance requirements, and
support the development and growth of these companies. Based on the foregoing, we are required to complete necessary filing procedures
with the CSRC pursuant to the Trial Measures.

| 27 |

On February 24, 2023, the
CSRC revised the Archives Rules issued in 2009. The revised Archives Rules came into effect on March 31, 2023. In the overseas listing
activities of domestic companies, domestic companies, as well as securities companies and securities service institutions providing relevant
securities services thereof, should establish a sound system of confidentiality and archival work, shall not disclose state secrets