Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 141

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 141
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IE Agreements are not in violation of any prohibitive provisions of the current applicable
PRC Laws, however, the relevant PRC regulatory authorities have broad discretion in determining whether the VIE structure violates PRC
laws. Accordingly, the PRC regulatory authorities may take a view that is contrary to, or otherwise different from, the above opinion
of our PRC legal counsel.

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<div align='center'>MANAGEMENT’S DISCUSSION
AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes included elsewhere in this prospectus. This discussion contains forward-looking statements reflecting our current expectations that involve risks and uncertainties. See “ Cautionary Note Regarding Forward-Looking Statements” for a discussion of the uncertainties, risks, and assumptions associated with these statements. Actual results and the timing of events could differ materially from those discussed in our forward-looking statements as a result of many factors, including those set forth under “Risk Factors” and elsewhere in this prospectus.

Unless otherwise indicated, all share amounts and per share amounts in this prospectus have been presented giving effect to a forward split of our Ordinary Shares at a ratio of 10,000:1 share and additional share issuances to our existing shareholders approved by our shareholders and Board of Directors on February 19, 2024.

Overview

Our mission is driving continuous
advancement in internet technology. We are dedicated to providing a comprehensive solution for global users in the transition to the new
generation of the internet. Our distributed network infrastructure software products enable users to efficiently set up distributed networks
or migrate existing centralized applications to distributed networks. We not only offer efficient network infrastructure tools, but also
provides complementary software development kits for decentralized applications. The development tools facilitate the entire process of
decentralized application development, including coding, debugging, testing, and deployment, within an integrated environment.

Our revenue comes from Zhenglian
Shenzhen’s (the VIE’s) software licensing and related services. For the fiscal years ended September 30, 2024 and 2023, our
net revenue, mainly generated from software sales and related service, was $5,906,162 and $5,680,667 respectively, and net income was
$2,711,275 and $2,522,852, respectively.

We have developed competitive advantages in our
business and technological capabilities, including the following