Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 135

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 135
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 subsidiary, was established on March 13, 2023. Finally, on May 22, 2023,
Zerolimit Holdings (Shenzhen) Co., Ltd was incorporated pursuant to PRC laws as a wholly foreign-owned enterprise, WFOE, and a wholly
owned subsidiary of HK Zerolimit. WFOE has entered into a series of contractual arrangements with the VIE and its shareholders. As a
result of our direct ownership in WFOE and the contractual arrangements with the VIE, we are considered the primary beneficiary of the
VIE. The VIE Agreements by and between WFOE, the VIE and the VIE Shareholders are described in more detail below.

Corporate Structure

The following diagram illustrates
our corporate structure, including our significant subsidiaries, and the VIE, as of the date of this prospectus:

| 75 |

The shareholders of Zerolimit
Technology Holding Co. Ltd. are as follows:

| Shareholders                   |         Number 
 of Shares Held | Percentage   
 Interest (%) |
| Zerolimit                      
 Digital Technology Limited (a) |     36,505,000 | 73.01%       |
| Zerolimit                      
 Excellence Limited (b)         |      5,500,000 | 11%          |
| Zerolimit                      
 Power Limited (c)              |      5,500,000 | 11%          |
| Zerolimit                      
 Virtue Limited (d)             |      2,495,000 | 4.99%        |
| Total                          |     50,000,000 | 100%         |

Beneficial owners of the
above are as follows: (a) Guangqing Hu beneficially owns 100% of these shares on behalf of Zerolimit Digital Technology Limited; (b)
Kai Hu beneficially owns 100% of these shares on behalf of Zerolimit Excellence Limited; (c) Jian Gang beneficially owns 100% of these
shares on behalf of Zerolimit Power Limited; and (d) Baifen Le, beneficially owns 100% of these shares on behalf of Zerolimit Virtue
Limited.

The VIE equity interest holders
include ZeroLimit Digital Technology Co., Ltd, Kai Hu, Jian Gang and Baifen Le, which hold 73%, 11%, 11% and 5% of the equity interests,
respectively, in the VIE