Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 250

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 250
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 under U.S. state, local, and other tax laws or under tax laws of jurisdictions other than the Cayman Islands, the People’s Republic of China, and the United States. To the extent that the discussion relates to matters of Cayman Islands tax law, it represents the opinion of Ogier, our Cayman Islands counsel; to the extent it relates to PRC tax law, it is the opinion of Global Law Office, our PRC counsel.

Cayman Islands Taxation

The Cayman Islands currently
levies no taxes on individuals or corporations based upon profits, income, gains or appreciation and there is no taxation in the nature
of inheritance tax or estate duty. There are no other taxes likely to be material to our Company levied by the Government of the Cayman
Islands except for stamp duties which may be applicable on instruments executed in, or, after execution, brought within the jurisdiction
of the Cayman Islands. The Cayman Islands is a party to a double tax treaty entered with the United Kingdom in 2010 but is otherwise
not party to any double tax treaties that are applicable to any payments made to or by our company. There are no exchange control regulations
or currency restrictions in the Cayman Islands.

Payments of dividends and
capital in respect of our Ordinary Shares will not be subject to taxation in the Cayman Islands and no withholding will be required on
the payment of a dividend or capital to any holder of our Ordinary Shares, as the case may be, nor will gains derived from the disposal
of our Ordinary Shares be subject to Cayman Islands income or corporation tax.

The Cayman Islands enacted
the International Tax Co-operation (Economic Substance) Act (2021 Revision) together with the Guidance Notes published by the Cayman
Islands Tax Information Authority from time to time. The Company is required to comply with the economic substance requirements from
July 1, 2019 and make an annual report in the Cayman Islands as to whether or not it is carrying on any relevant activities and if it
is, it must satisfy an economic substance test.

PRC Taxation

Income Tax and Withholding Tax

In March 2007, the
National People’s Congress of China enacted the Enterprise Income Tax Law, or EIT Law, which became effective on January 1,
2008 (as amended in December 2018). The EIT Law provides that enterprises organized under the laws of jurisdictions outside China
with their “de facto management bodies” located within China may be