Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 320

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 320
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 F-28 |

On February 19, 2024, the shareholders and Board
of Directors of the Company approved a forward split of our outstanding Ordinary Shares at a ratio of 10,000-for-1 share. Following the
forward split, the Company’s authorized share capital is US$50,000 divided into 500,000,000 Ordinary Shares of par value US$0.0001
each. As a result, as of the date hereof, there are 50,000,000 issued and outstanding ordinary shares of the Company. as set forth below:

| Allottee                             |     | Number of Ordinary Shares* |            |     | Consideration |          |
|:-------------------------------------|:----|:---------------------------|-----------:|:----|:--------------|---------:|
| Zerolimit Digital Technology Limited |     |                            | 36,505,000 |     | $             | 3,650.50 |
| Zerolimit Excellence Limited         |     |                            |  5,500,000 |     |               |   550.00 |
| Zerolimit Power Limited              |     |                            |  5,500,000 |     |               |   550.00 |
| Zerolimit Virtue Limited             |     |                            |  2,495,000 |     |               |   249.50 |
| Total                                |     |                            | 50,000,000 |     | $             | 5,000.00 |

The shares are presented on a retroactive basis
to reflect the stock split.

16. Statutory surplus reserves

The Company is required to make appropriations
to certain reserve funds, comprising the statutory surplus reserve and the discretionary surplus reserve, based on after-tax net income
determined in accordance with generally accepted accounting principles of the PRC (“PRC GAAP”). Appropriations to the statutory
surplus reserve are required to be at least 10% of the after-tax net income determined in accordance with PRC GAAP until the reserve
is equal to 50% of the entity’s registered capital. Appropriations to the discretionary surplus reserve are made at the discretion
of the Board of Directors. The statutory surplus reserve as determined pursuant to PRC statutory laws totaled approximately $271,127
as of September 30, 2024.

17. Restricted assets

The Company’s ability to pay dividends
is primarily dependent on the Company receiving distributions of funds from