Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 91

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 91
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offering activities. Particularly, the issuer shall submit the filing with respect to its initial public offering and listing within
three business days after its initial filing of the listing application, and submit the filing with respect to its follow-on offering
within three business days after the completion of the follow-on offering. Failure to comply with the filing requirements may result
in fines to the relevant PRC companies, suspension of their businesses, revocation of their business licenses and operation permits and
fines on the controlling shareholder and other responsible persons. These draft measures also set forth certain regulatory red lines
for overseas offerings and listings by PRC enterprises.

On February 17, 2023, the
CSRC issued the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies, or the Trial Measures,
which became effective on March 31, 2023. On the same date of the issuance of the Trial Measures, the CSRC circulated No. 1 to No. 5
Supporting Guidance Rules, the Notes on the Trial Measures, the Notice on Administration Arrangements for the Filing of Overseas Listings
by Domestic Companies and the relevant CSRC Answers to Reporter Questions on the official website of the CSRC, or collectively, the Guidance
Rules and Notice. The Trial Measures, together with the Guidance Rules and Notice, reiterate the basic supervision principles as reflected
in the Draft Overseas Listing Regulations and regulate both direct and indirect overseas offering and listing by PRC domestic companies
by adopting a filing-based regulatory regime. Pursuant to the Trial Measures, (i) an overseas offering and listing by a domestic company,
whether directly or indirectly, shall be filed with the CSRC; and (ii) the issuer or its affiliated domestic company, as the case may
be, shall file with the CSRC for its initial public offering, follow-on offering, issuance of convertible bonds, offshore relisting after
going-private transactions and other equivalent offering activities in an overseas market. In addition, after a domestic company has
offered and listed securities in an overseas market, it is required to file a report with the CSRC after the occurrence and public disclosure
of certain material corporate events, including but not limited to, change of control and voluntary or mandatory delisting. As advised
by our PRC counsel, the Global Law Firm, under applicable laws of PRC, we shall complete the relevant filing procedures with the CSRC
before the completion of this offering and our listing on Nasdaq. As of the date of this