Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1578

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1578
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 and variable interest entities are banned from
this sector.

52

As
such, the post-combination entity’s business segments may be subject to various government and regulatory interference in the provinces
in which they operate. The post-combination entity could be subject to regulation by various political and regulatory entities, including
various local and municipal agencies and government sub-divisions. We and our post-combination entity may incur increased costs necessary
to comply with existing and newly adopted laws and regulations or penalties for any failure to comply.

Furthermore,
recent statements by the Chinese government have indicated an intent to exert more oversight and control over offerings that are conducted
overseas and/or over foreign investment in China-based issuers. Any such action could significantly limit or completely hinder our ability
to offer or continue to offer securities to investors and cause the value of such securities to significantly decline or be worthless.
It is uncertain when and whether we and our post-combination entity will be required to obtain permission from the PRC government to
list on U.S. exchanges in the future, and even when such permission is obtained, whether it will be denied or rescinded. Although we
are currently not required to obtain permission from any of the PRC federal or local government and have not received any denial to list
on the U.S. exchange, our post-combination operations could be adversely affected, directly or indirectly, by existing or future laws
and regulations relating to our business or industry.

PRC
laws and regulations governing our post-combination entity’s business operations are sometimes vague and uncertain, which may result
in a material change to our operations and the value of our shares if we complete our Business Combination with a target in China. Additionally,
any changes in such laws and regulations may impair our ability to operate profitably.

There
are substantial uncertainties regarding the interpretation and application of PRC laws and regulations including, but not limited to,
the laws and regulations governing our business and the enforcement and performance of our arrangements with customers in certain circumstances.
The laws and regulations are sometimes vague and may be subject to future changes, and their official interpretation and enforcement
may involve substantial uncertainty. The effectiveness and interpretation of newly enacted laws or regulations, including amendments
to existing laws and regulations, may be delayed, and our business may be affected if we rely on laws and regulations which are subsequently
adopted or interpreted in a manner different from our understanding of these laws and regulations. New laws and regulations that affect
existing and proposed future businesses may