Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 143

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 143
---
 | Regulatory Environment                                                                                                                           
 – All of our customers are based in the PRC. As such, we need to make efforts and incur costs to ensure the                                      
 compliance with the existing laws and regulations that are material to our business and operations, and to comply with new laws and              
 regulations or changes under existing laws and regulations that may arise in the future. Our ability to anticipate and respond to                
 potential changes in government policies and regulations will have a significant impact on our business operations in such countries             
 and our overall results of operations. See “Risk Factors—Risks Relating to Our Business and Industry—We are subject                              
 to risks associated with legal, political or other conditions or developments regarding decentralized distributed technology, which              
 could negatively affect our business, results of operation and financial position.”                                                              |

| 81 |

Results of Operations

For the Fiscal Years Ended September 30, 2024 and 2023

The following table summarizes
the results of our operations for the fiscal years ended September 30, 2024 and 2023, respectively, and provides information regarding
the dollar and percentage increase or (decrease) during such periods.

(All amounts, other than percentages, are in
U.S. dollars)

|                                                   |     | For the Fiscal Years Ended |           |   |     |      |           |     |          |            |   |     |            |       |   |
|                                                   |     |               September 30 |           |   |     |      |           |     | Variance |            |   |     |            |       |   |
|                                                   |     |                       2024 |           |   |     | 2023 |           |     | Amount   |            |   |     | Percentage |       |   |
| Revenue                                           |     |                            |           |   |     |      |           |     |          |            |   |     |            |       |   |
| Software - Perpetual License                      |     |                            | 5,471,793 |   |     |      | 3,572,917 |     |          |  1,898,876 |   |     |            | 53%   |   |
| Software - Perpetual License with related parties |     |                            |         – |   |     |      | 1,472,704 |     |          | (1,472,704 | ) |     |            | (100% | ) |
| Sub-total