Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 104

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 104
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 relevant government authorities. For example, we may be subject to a more stringent review and approval process with respect to
our foreign exchange activities, such as remittance of dividends and foreign-currency-denominated borrowings, which may adversely affect
our financial condition and results of operations. In addition, if we decide to acquire a PRC domestic company, we cannot assure you that
we or the owners of such company, as the case may be, will be able to obtain the necessary approvals or complete the necessary filings
and registrations required by the foreign exchange regulations. This may restrict our ability to implement our acquisition strategy and
could adversely affect our business and prospects.

| 53 |

It may be difficult for overseas regulators to conduct investigations or collect evidence within China.

There are significant legal
and other obstacles to providing information needed for regulatory investigations or litigation initiated outside China. Although the
authorities in China may establish a regulatory cooperation mechanism with the securities regulatory authorities of another country or
region to implement cross-border supervision and administration, such cooperation with the securities regulatory authorities in the United
States may not be efficient in the absence of mutual and practical cooperation mechanisms. Furthermore, according to Article 177
of the PRC Securities Law, or “Article 177,” which became effective in March 2020, no overseas securities regulator is
allowed to directly conduct investigations or evidence collection activities within the territory of the PRC. While detailed interpretation
of or implementation rules under Article 177 have yet to be promulgated, the inability for an overseas securities regulator
to directly conduct investigations or evidence collection activities within China may further increase difficulties faced by you in protecting
your interests. See also “Risk Factors — Risks related to this Offering and the Ordinary Shares — You may face difficulties in protecting your interests, and your ability to protect your rights through U.S. courts may be limited, because we are incorporated under Cayman Islands law” for risks associated with investing in us as a Cayman Islands company.”

The M&A Rules and certain other PRC regulations establish complex procedures for some acquisitions of Chinese companies by foreign investors, which could make it more difficult for us to pursue growth through acquisitions in China.

Among other things, the M&A
Rules adopted by six PRC regulatory agencies in 2006 and amended in 2009, established additional procedures and requirements that
could make merger and acquisition activities by foreign investors more time consuming and complex. Such regulation requires, among other
things, that the Ministry of Commerce be notified in advance of any change-of