Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 359

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 359
---
 and 2024                 |     | F-62 |
| Consolidated                                                                               
 Statements of Cash Flows for the year ended March 31, 2025 and 2024                        |     | F-63 |
| Notes to Consolidated Financial Statements                                                 |     | F-64 |

| F-1 |

<div align='center'>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

To the Board of Directors and Shareholders

of AlphaTime Acquisition Corp

Opinion on the Financial Statements

We have audited the accompanying balance sheets
of AlphaTime Acquisition Corp (the “Company”) as of December 31, 2024 and 2023, and the related statements of operations,
changes in shareholders’ (deficit)/equity, and cash flows for each of the years in the two-year period ended December 31, 2024,
and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements
present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of
its operations and its cash flows for each of the years in the two-year period ended December 31, 2024, in conformity with accounting
principles generally accepted in the United States of America.

Substantial Doubt about the Company’s
Ability to Continue as a Going Concern

The accompanying financial statements have been
prepared to assume the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has
incurred and expects to continue to incur significant costs in pursuit of its acquisition plans and the Company’s cash and working capital are not sufficientto complete its planned activities one year from the issuance
date of the financial statements. In addition, if the Company is unable to complete a business combination within one year from the issuance
date of the financial statements, there will be a liquidation and subsequent dissolution. These conditions raise substantial doubt about
the Company’s ability to continue as a going concern. Management’s evaluation of the events and conditions and plans regarding
these matters are also described in Note 1 to the financial statements. The financial statements do not include any adjustments that
might result from the outcome of this uncertainty. Our opinion is not modified with respect to that matter.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s