Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 258

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 258
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 result of such income being recognized on an applicable financial statement; |
| · | investors that have a functional currency other than the U.S. dollar;                                                          
 and                                                                                                                            |
| · | partnerships or other entities taxable as partnerships for U.S. federal                                                        
 income tax purposes, or persons holding Ordinary Shares through such entities, all of whom may be subject to tax rules that    
 differ significantly from those discussed below.                                                                               |

| 160 |

The discussion set forth
below is addressed only to U.S. Holders that purchase Ordinary Shares in this offering. Prospective purchasers are urged to consult their
own tax advisors about the application of the U.S. federal income tax rules to their particular circumstances as well as the state,
local, foreign and other tax consequences to them of the purchase, ownership and disposition of our Ordinary Shares.

General

For purposes of this discussion,
a “U.S. Holder” is a beneficial owner of our Ordinary Shares that is, for U.S. federal income tax purposes:

| · | an individual who is a citizen or resident of the United States;                                                               |
| · | a corporation (or other entity taxable as a corporation for U.S. federal                                                       
 income tax purposes) organized under the laws of the United States, any state thereof or the District of Columbia;             |
| · | an estate whose income is subject to U.S. federal income taxation regardless                                                   
 of its source; or                                                                                                              |
| · | a trust that (1) is subject to the primary supervision of a court                                                              
 within the United States and the control of one or more U.S. persons for all substantial decisions or (2) has a valid election 
 in effect under applicable U.S. Treasury regulations to be treated as a U.S. person.                                           |

If a partnership (or other
entity treated as a partnership for U.S. federal income tax purposes) is a beneficial owner of our Ordinary Shares, the tax treatment
of a partner in the partnership will generally depend upon the status of the partner and the activities of the partnership. Partnerships
holding our Ordinary Shares and their partners are urged to consult their tax advisors regarding an investment in our Ordinary Shares.

Passive Foreign Investment Company (“PFIC”) Consequences

A non-U.S. corporation is
considered a PFIC, as defined in Section 1297(a) of the US Internal Revenue Code, for any taxable year if either:

| · | at least 75% of its gross income for such taxable year is passive income;