Zerolimit Technology Holding is a Cayman Islands holding company whose operations are conducted entirely through a Chinese VIE, Zhenglian Technology (Shenzhen), based in Shenzhen. The company develops and sells distributed network infrastructure software that enables devices — servers, PCs, tablets, or phones — to function as nodes on decentralized ("Web3") networks, allowing businesses and individuals to build applications without relying on centralized data centers. The flagship product, Cloud Data Base Station Node Software, accounted for roughly 90% of FY24 revenue and is sold as a perpetual license via activation code. Remaining revenue comes from a suite of decentralized application software tools (distributed domain, cloud storage, e-commerce, and digital collectibles apps), enterprise node hardware-software devices, and a consumer-facing smart device. Zerolimit does not sell directly to end users; instead, it sells exclusively through a network of 35 distributors in China, who resell to businesses and individuals building decentralized apps. The top five distributors account for more than half of revenue. The business carries roughly 74% gross margins, reflecting low incremental delivery costs once software is built. Revenue is generated entirely in China and denominated in RMB. The company uses a VIE structure common among U.S.-listed Chinese firms, which carries inherent legal risk. Founder Guangqing Hu controls 73% of shares and serves as Chairman and CTO.