Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 103

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 103
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We have requested PRC residents
who we know hold a direct or indirect interest in the Company to make the necessary applications, filings and registrations as required
under SAFE Circular 37, and we have confirmed that all of these shareholders have completed the initial foreign exchange registrations
with relevant banks. We cannot assure you, however, that all of these individuals may continue to make the required filings or updates
in a timely manner, or at all. We can provide no assurance that we are or will in the future continue to be informed of identities of
all PRC residents holding a direct or indirect interest in our Company. Any failure or inability by such individuals to comply with SAFE
regulations may subject us to fines or legal sanctions, restrict our cross-border investment activities, and limit WFOE’s ability
to distribute dividends to us. As a result, our business operations and our ability to make distributions to you could be materially
and adversely affected.

In addition, on February 13,
2015, SAFE promulgated a Notice on Further Simplifying and Improving Foreign Exchange Administration Policy on Direct Investment, or
SAFE Notice 13, which became effective on June 1, 2015. Under SAFE Notice 13, applications for foreign exchange registration of
inbound foreign direct investments and outbound overseas direct investments, including those required under SAFE Circular 37, will be
filed with qualified banks instead of SAFE. The qualified banks will directly examine the applications and accept registrations under
the supervision of SAFE.

Furthermore, it is unclear
how these regulations, and any future regulation concerning offshore or cross-border transactions, will be interpreted, amended and implemented
by the relevant government authorities. For example, we may be subject to a more stringent review and approval process with respect to
our foreign exchange activities, such as remittance of dividends and foreign-currency-denominated borrowings, which may adversely affect
our financial condition and results of operations. In addition, if we decide to acquire a PRC domestic company, we cannot assure you
that we or the owners of such company, as the case may be, will be able to obtain the necessary approvals or complete the necessary filings
and registrations required by the foreign exchange regulations. This may restrict our ability to implement our acquisition strategy and
could adversely affect our business and prospects.

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It may be difficult for overseas regulators to conduct investigations or collect evidence within China.

There are significant legal
and other obstacles to providing information needed for regulatory investigations or litigation initiated outside China. Although