Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 120

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 120
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) Expenses paid by Yanxiong
Wei on behalf of the Company.

Amounts due to related parties (non-current) as
of March 31, 2025 and 2024 are as follows:

|            |     | As of March 31 
 2025           |         |     | 2024 |   |
|:-----------|:----|:---------------|--------:|:----|:-----|:--|
| Hongyan Li |     | $              | 206,594 |     | $    | - |
|            |     | $              | 206,594 |     | $    | - |

On June 8, 2023, the Company entered into a loan
agreement with its Chief Financial Officer Ms. Hongyan Li to obtain funds for daily operation. The loan amount was RMB 1.5 million (approximately
US$206,594) for ten years ending June 7, 2033. The loan is non-interest bearing and has no fixed term.

| F-17 |

Cost of revenues from related parties during the years ended March 31, 2025 and 2024 is as follows:

|                                                              |     | For the years ended March 31, 
 2025                          |   |     | 2024 |     |
|:-------------------------------------------------------------|:----|:------------------------------|:--|:----|:-----|----:|
| Shenzhen Zhongyun Information Technology Co., Ltd            |     | $                             | - |     | $    |   - |
| Shenzhen Zhongyun Electronic Intelligent Technology Co., Ltd |     |                               | - |     |      |   - |
| Shenzhen Nanshan District Zhongyun Computer Development      
 Center                                                       |     |                               | - |     |      | 575 |
|                                                              |     | $                             | - |     | $    | 575 |

Due from related party mainly consists of funds advanced to related parties as borrowings or funds advanced to pay off the Company’s expenses. The balances are unsecured, non-interest bearing.

Due to related parties mainly consists of borrowings for working capital purpose, the balances are unsecured, non-interest bearing and due on demand.

In addition, during the years ended March 31, 2025 and 2024, these related parties paid expenses on the Company’s behalf in an amount of $429,404 and $354,550, respectively.

NOTE 12 – OPERATING LE