Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 208

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 208
---
 of four directors upon the SEC’s declaration of effectiveness of our registration statement on Form F-1, of which
this prospectus is a part.

The shareholding qualification
for directors may be fixed by our shareholders by ordinary resolution and unless and until so fixed, no share qualification shall be
required. Our directors do not have a service contract with us that provides for benefits upon termination of service.

Committees of the Board of Directors

We will establish three
committees under the Board of Directors immediately upon the effectiveness of our registration statement on Form F-1, of which this
prospectus is a part: an audit committee, a compensation committee and a nominating and corporate governance committee. We will adopt
a charter for each of the three committees. Each committee’s members and functions are described below.

| 128 |

Audit Committee

Our audit committee will
consist of Mr. Chen, Mr. Xiaosha Hu, and Ms. Zhang. Mr. Chen will be the chairman of our audit committee. We have determined that Mr.
Chen, Mr. Xiaosha Hu, and Ms. Zhang satisfy the “independence” requirements of the Rule 5605(c)(2) of the Nasdaq
listing rules and meet the independence standards under Rule 10A-3 under the Exchange Act. Our audit committee will consist
solely of independent directors that satisfy the Nasdaq and SEC requirements within one year of the completion of this offering. Our
Board of Directors has also determined that Mr. Chen qualifies as an “audit committee financial expert” within the meaning
of the SEC rules and possesses financial sophistication within the meaning of the Nasdaq listing rules.

The audit committee will
oversee our accounting and financial reporting processes and the audits of our financial statements. The audit committee will be responsible
for, among other things:

| · | selecting our independent registered public accounting firm and pre-approving                          
 all auditing and non-auditing services performed by our independent registered public accounting firm; |
| · | reviewing with the independent registered public accounting firm any audit problems or difficulties    
 and management’s response;                                                                             |
| · | reviewing and approving all proposed related-party transactions, as defined in Item 404 of             
 Regulation S-K under the Securities Act;                                                               |
| · | discussing the annual audited financial statements with management and our independent registered      
 public accounting firm;                                                                                |
| · | annually reviewing and reassessing the adequacy of our audit committee charter;                        |
| · | meeting separately and periodically