Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 117

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 117
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 of formal internal controls over financial closing and reporting processes.
Following the identification of the material weaknesses and control deficiencies, we plan to continue to take remedial measures, including:
(i) hiring more qualified accounting personnel with relevant U.S. GAAP and SEC reporting experience and qualifications to strengthen
the financial reporting function and to set up a financial and system control framework; (ii) implementing regular and continuous
U.S. GAAP accounting and financial reporting training programs for our accounting and financial reporting personnel; and (iii) setting
up an internal audit function as well as engaging an external consulting firm to assist us with assessment of Sarbanes-Oxley compliance
requirements and improvement of overall internal control. However, the implementation of these measures may not fully address the material
weaknesses in our internal control over financial reporting. Our failure to correct the material weaknesses or our failure to discover
and address any other material weaknesses or control deficiencies could result in inaccuracies in our financial statements and could also
impair our ability to comply with applicable financial reporting requirements and related regulatory filings on a timely basis. As a result,
our business, financial condition, results of operations and prospects, as well as the eventual trading price of our Ordinary Shares,
may be materially and adversely affected. Moreover, ineffective internal control over financial reporting significantly hinders our ability
to prevent fraud.

Upon the completion of this
offering, we will become a public company in the United States subject to the Sarbanes-Oxley Act of 2002. Pursuant to Section 404
of the Sarbanes-Oxley Act, we will be required to file a report by our management on our internal control over financial reporting, including
an attestation report on internal control over financial reporting issued by our independent registered public accounting firm. However,
while we remain an emerging growth company, we will not be required to include an attestation report on internal control over financial
reporting issued by our independent registered public accounting firm. The presence of material weaknesses in internal control over financial
reporting could result in financial statement errors which, in turn, could lead to errors in our financial reports and/or delays in our
financial reporting, which could require us to restate our operating results. We might not identify one or more material weaknesses in
our internal controls in connection with evaluating our compliance with Section 404 of the Sarbanes-Oxley Act. In order to maintain
and improve the effectiveness of our disclosure controls and procedures and internal controls over financial reporting, we will