Company: AOAO
Filing Date: 2025-07-30
Form Type: S-1/A
Source: 0001641172-25-021532
Chunk: 33

Company: Alpha One Inc.
Filing Date: 2025-07-30
Form: S-1/A
Chunk 33
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 less oversight and control as a result of the outsourcing of some of our operations. We also could be exposed to lawsuits relating to product liability or marketing or sales practices. Deterioration to our brand equity may be difficult to combat or reverse and could have a material effect on our business and financial results.

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Uncertainty about future market prices (interest rates, exchange rates, stock prices and commodity prices) can adversely affect our business.

Market risks can be divided into interest rate risks, exchange rate risks, stock price risks and commodity price risks. These market factors may directly affect our production, or competitors, suppliers or consumers may indirectly affect our business. Our business model may be suppressed if substitutes emerge in the market for our products, which are other products that can achieve the same function. The threat of alternatives is threefold:

1. The competitiveness of substitutes in price;

2. Satisfaction with the quality and performance of substitutes;

3. How easy it is for customers to switch to substitutes.

At present, there is no substitute for the product itself, unless it is an industry substitute or a new technology emerges. For example, the emergence of new energy vehicles or disruptive products. This will have a destructive effect on our sales

We have historically relied, and expect to continue to rely, a large portion of our revenue was generated from our two major customers, and we do not have long-term contract with them. The loss of any of two major customers could significantly harm our business, financial condition and results of operations.

For the years ended March 31, 2024 and 2025, we have two customers and three customers accounted for more than 10% of the Company’s total revenues respectively. Our two major customers accounted for 56% and 23% for the years ended March 31, 2024 and 2025 respectively. There is no assurance that we would be able to increase the number of customers to reduce our reliance on our two major customers. We do not have long-term sales agreements or other contractual assurances as to future sales of our two major customers except for sales contract related to intelligent products and construction contract for telecommunication projects. The sales are generally concluded on an order -by -order basis under business purchase order. The projects are generally concluded on the winning project.

There is no assurance that our customers will continue to place orders to us; or their future orders will be at a comparative level or on similar terms as in prior years. It is uncertain that we would be able to retain our two major customers