Company: AOAO
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001493152-25-001624
Chunk: 16

Company: Alpha One Inc.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 16
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 Requirements for Domestic Companies Transferring Offering and Listing from overseas OTC Market to Overseas Stock Exchange”, rules are, (i) According to Article 1 and Article 2 of new regulations, overseas offering and listing refers to offering and listing activities in overseas stock exchanges, and listing of domestic companies in overseas OTC market is out of scope for the filing requirement; (ii) According to Article 16 of new regulations, domestic companies that seek initial public offering or listing in overseas market shall file with CSRC within 3 working days after the relevant application is submitted overseas, and offering and listing in other overseas market than where it has offered and listed shall be filed with CSRC within 3 working days after the relevant application is submitted overseas; and (iii) According to Notice of Filing Management Arrangements for Domestic Companies Seeking Offering and Listing in Overseas Market, since new regulations came into effect (which is 31 stMarch, 2023), domestic companies that have submitted application to overseas market other than where it has offered and listed, but do not get approval from overseas regulator or stock exchanges yet, shall file with CSRC before offering and listing procedures are completed. We are listing in overseas OTC market and not transferring Offering and Listing from Overseas OTC Market to Overseas Stock Exchange currently. According to the CSRC Guidelines of Regulatory Rules, we are not subjected to the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies, or the Trial Measures, which became effective on March 31, 2023.

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We have been closely monitoring regulatory developments
in China regarding any necessary approvals from the CSRC, the CAC or other PRC regulatory authorities required for our operations and
overseas listings. However, there remains significant uncertainty as to the enactment, interpretation and implementation of regulatory
requirements related to overseas securities offerings and other capital markets activities. The PRC government may take actions to exert
more oversight and control over offerings by China-based issuers conducted overseas and/or foreign investment in such companies,
which could significantly limit or completely hinder our ability to offer or continue to offer securities to investors outside China
and cause the value of our securities to significantly decline or become worthless. If it is determined in the future that the approval
or permissions of the CSRC, the CAC or any other regulatory authority is required for our operations through our PRC Subsidiaries and
this offering and we or our PRC Subsidiaries do not receive or maintain the approvals or permissions