Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 167

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 167
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, we can maintain a competitive advantage in the industry.

We aim to stay up-to-date
on technical innovations by maintaining a large talent pool and will continue to invest in research and development to upgrade our software
solutions. In 2022, we obtained the national high-tech enterprise certification in China. As of September 30, 2024 and 2023, our research
and development team consisted of 23 and 31 researchers, programmers, and engineers, accounting for approximately 55% and 57% of the
total number of employees, respectively.

We historically derived
our revenue mainly from software product sales through distributors and related post-contract services. As of September 30, 2024 and
2023, we had 35 and 28 distributors in China, respectively. We consider these distributors to be our customers. Through our distribution
network channel penetration, sales have extended to cover 9 provinces and 11 municipalities in China as of September 30, 2024 and 2023,
respectively.

We capitalized $0.012 million
and $0.59 million of research and development expenditure for the fiscal years ended September 30, 2024 and 2023, respectively. We also
incurred research and development expenses of $0.047 million and $0.12 million for the fiscal years ended September 30, 2024 and 2023,
respectively. Our allocation of resources towards innovation has fostered our growth, as a combined company including the VIE and our
subsidiaries. For the fiscal years ended September 30, 2024 and 2023, total revenue reached approximately $5.91 million and $5.68 million,
respectively, and net income was approximately $2.71 million and $2.52 million, respectively.

Our Technology Advantages

We place a significant emphasis on the innovation and research and development of the underlying infrastructure of the next generation of the internet. Through continuous investment, we have achieved outstanding results, including obtaining the national high-tech enterprise certification and the specialized and sophisticated small and medium sized enterprise (“SME”) recognition, and securing and Medium-sized Enterprises Service Bureau, and securing 2 registered trademarks, 38 registered computer software copyrights, 11 registered patents and 1 license in China as of September 30, 2024.

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Based on our software component
tools, the distributed network we construct can achieve functionalities such as distributed storage, peer-to-peer transmission, consensus
mechanisms