Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 115

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 115
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 accounting standards and disclosure about our executive compensation, that apply to other public companies.

We are classified as an
“emerging growth company” under the JOBS Act. For as long as we are an emerging growth company, which may be up to five
full fiscal years, unlike other public companies, we will not be required to, among other things, (i) provide an
auditor’s attestation report on management’s assessment of the effectiveness of our system of internal control over
financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act, (ii) comply with any new requirements
adopted by the PCAOB requiring mandatory audit firm rotation or a supplement to the auditor’s report in which the auditor
would be required to provide additional information about the audit and the financial statements of the issuer, (iii) provide
certain disclosure regarding executive compensation required of larger public companies, or (iv) hold nonbinding advisory votes
on executive compensation. We will remain an emerging growth company for up to five years, although we will lose that status
sooner if we have more than $1.235 billion of revenues in a fiscal year, have more than $700 million in market value of
our Ordinary Shares held by non-affiliates, or issue more than $1.0 billion of non-convertible debt over a three-year period.

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The JOBS Act also provides
that an emerging growth company does not need to comply with any new or revised financial accounting standards until such date that a
private company is otherwise required to comply with such new or revised accounting standards. In other words, an “emerging growth
company” can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies.
We have elected to take advantage of the extended transition period. As a result of this election, our future financial statements may
not be comparable to other public companies that comply with the public company effective dates for these new or revised accounting standards.

To the extent that we rely
on any of the exemptions available to emerging growth companies, you will receive less information about our executive compensation and
internal control over financial reporting than issuers that are not emerging growth companies. If some investors find our Ordinary Shares
to be less attractive as a result, there may be a less active trading market for our Ordinary Shares and our share price may be more
volatile.

If we fail to implement and maintain an effective system of internal controls or fail to remediate the material weaknesses