Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 22

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 22
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obtained approval from overseas regulatory authorities or stock exchanges may reasonably arrange the timing for submitting their filing
applications with the CSRC, and must complete the filing before the completion of their overseas offering and listing; (2) a six-month
transition period will be granted to domestic companies which, prior to the effective date of the Trial Measures, have already obtained
the approval from overseas regulatory authorities or stock exchanges, but have not completed the indirect overseas listing; if domestic
companies fail to complete the overseas listing within such six-month transition period, they shall file with the CSRC according to the
requirements; and (3) the CSRC will solicit opinions from relevant regulatory authorities and complete the filing of the overseas listing
of companies with contractual arrangements which duly meet the compliance requirements, and support the development and growth of these
companies. Base on the foregoing, we are required to complete necessary filing procedures with the CSRC pursuant to the Trial Measures.

Furthermore, PRC counsel
has advised that on February 24, 2023, the CSRC revised the Provisions on Strengthening the Management of Confidentiality and Archives
Related to the Overseas Issuance of Securities and Overseas Listing by Domestic Companies which were issued in 2009. The revised Archives
Rules came into effect on March 31, 2023 together with the Trial Measures. As is consistent with the Trial Measures, the revised Archives
Rules will expand their application to cover indirect overseas offering and listing, by stipulating that a domestic company which plans
to publicly disclose or provide to relevant individuals or entities, including securities companies, securities service providers and
overseas regulators, any documents and materials containing state secrets or working secrets of government agencies, shall first obtain
approval from competent authorities according to law, and file with the secrecy administrative department at the same level.

In addition, on December
28, 2021, the Cyberspace Administration of China published the Measures for Cybersecurity Review, or Cybersecurity Review Measures, which
took effect on February 15, 2022, replacing the old Measures for Cybersecurity Review which took effect on 1 June 2020. According to
the Cybersecurity Review Measures, there are three scenarios that require cybersecurity review : (1) where a critical information infrastructure
operator purchases network products and services that may impact or potentially impact national security; (2) where a network platform
operator conducts data processing activities that may affect or potentially affect national security; and (3) where a network platform
operator