Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 81

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 81
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 of a
security assessment conducted by or as determined by the Chinese government. Certain draft regulations, including the Measures for Security
Assessment for Cross-border Transfer of Personal Information and Important Data, published in 2017, and the Measures for Security Assessment
for Cross-border Transfer of Personal Information, published in 2019, have been proposed by the Chinese government that specify the procedures
and stipulate more detailed compliance requirements relating to such assessment, and in certain circumstances, government approval, prior
to the transmission of such information and data outside of China. In addition to the foregoing draft regulations relating to security
assessment, the Cyberspace Administration of China issued and implemented the Measures for Security Assessment of Cross-border Transfer
of Data effective on September 1, 2022, which provides the conditions, application procedures and required materials for security assessment
through the local provincial cyberspace administration before the transmission of personal information and important data outside of
China.

On December 8, 2022, the
Ministry of Industry and Information Technology of China promulgated the Administrative Measures for Data Security in the Field of Industry
and Information Technology (for Trial Implementation) effective from January 1, 2023, which regulate the data processing activities in
the field of industry and information technology conducted within the territory of the PRC. Under the foregoing measures, “data
in the field of industry and information technology” includes industrial data, telecommunications data and radio data; among others,
“industrial data” means data produced and collected in the course of research and development, design, production and manufacturing,
business management, operating maintenance, and platform operation in various sectors and fields of industry. A data processor in the
field of industry and information technology in the PRC shall submit its catalogue of important data and core data to the local
industrial regulatory department for recordation. For transmission of such important data and core outside of China, a security assessment
of cross-border data transfer shall be conducted in accordance with the applicable laws and regulations.

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In addition, the Standing
Committee of the National People’s Congress of the People’s Republic of China (“SCNPC”) promulgated the Data
Security Law of the People’s Republic of China (the “Data Security Law”) on June 10, 2021, which became effective on
September 1, 2021. The Data Security Law imposes data security and privacy obligations on entities and individuals carrying out data
processing activities and introduces a data classification and hierarchical protection