Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 135

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 135
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 enforce a foreign judgment against
us or our directors and officers if they determine that the judgment violates the basic principles of PRC law or national sovereignty,
security or public interest. As a result, it is uncertain whether a PRC court would enforce a judgment rendered by a court in the United
States or the Cayman Islands. Under the PRC Civil Procedures Law, foreign shareholders may originate actions based on PRC law against
us in the PRC, if they can establish a sufficient nexus to the PRC for a PRC court to have jurisdiction, and meet other procedural requirements,
including, among others, the plaintiff must have a direct interest in the case, and there must be a concrete claim, a factual basis and
a cause for the suit.

In addition, it will be
difficult for U.S. shareholders to originate actions against us in the PRC in accordance with PRC laws because we are incorporated under
the laws of the Cayman Islands and it will be difficult for U.S. shareholders, by virtue only of holding our Ordinary Shares, to establish
a connection to the PRC for a PRC court to have jurisdiction as required under the PRC Civil Procedures Law.

| 75 |

<div align='center'>CORPORATE HISTORY AND
STRUCTURE</div>

Corporate History

We are a holding company
incorporated in the Cayman Islands. As a holding company with no material operations of our own, the majority of our operations are conducted
through the VIE in China pursuant to contractual arrangements. Accordingly, when we refer to our business and operations, we are referring
to the business of the VIE.

We are a pioneer technology
company holding competitive advantages in the PRC in the development of secure, decentralized, distributed network solutions, employing
both software and hardware to provide complete solutions for various industries and applications. We develop a variety of solutions relating
to the need for secure, decentralized, distributed networks. A key function of our proprietary decentralized network technology is that
it can be used to create and maintain unique networks, applicable in a variety of contexts to meet a multitude of business and market
needs.

We commenced our commercial
operations in 2017 in China. In the early stages of our establishment, we focused on building the overall technological framework to
expedite the development process of the distributed network. From 2018 to 2019, we made breakthroughs in the technological framework,
including the development of mobile deployment, peer-to-peer networking, and distributed storage. We