Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 24

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 24
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 whether it will be later denied or rescinded, which could significantly limit or completely
hinder our ability to offer or continue to offer our Ordinary Shares to investors and could cause the value of our Ordinary Shares to
significantly decline or be worthless. See “Risk Factors — Risks Related to Our Corporate Structure.”

Corporate Structure and History

We are a holding company
incorporated in the Cayman Islands and not a Chinese operating company. 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 the VIE Agreements (described in more detail below).
For a description of the VIE Agreements, see “Corporate History and Structure — VIE Agreements.”
See also “Risk Factors – Risks Related to Our Corporate Structure.”

Our holding company Zerolimit
Technology Holding Co. Ltd, or Zerolimit Cayman, was incorporated under the laws of the Cayman Islands on February 2, 2023 to facilitate
off-shore financing activities, and our daily operations are conducted primarily through the VIE in China. On August 28,2017, Zhenglian
Technology (Shenzhen) Co., Ltd., or Zhenglian Shenzhen, the VIE, was incorporated pursuant to PRC laws. Zerolimit Technology Holding
Co., Limited, or HK Zerolimit, our wholly-owned Hong Kong 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. The VIE Agreements by and between WFOE, the VIE and the VIE Shareholders are described in more detail below.

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