Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1789

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1789
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 relevant banks. However, these individuals may not continue to make required filings or updates in a timely manner, or at all.

We
may not know the identities of all PRC residents holding direct or indirect interest in our company. Any failure or inability by such
individuals to comply with SAFE regulations may subject us to fines or legal sanctions, restrict our cross-border investment activities,
and limit any PRC subsidiary’s ability to distribute dividends to us. As a result, our business and our ability to make distributions
to you could be materially adversely affected.

Furthermore,
as these foreign exchange regulations are still relatively new and their interpretation and implementation have been evolving, it is
unclear how these regulations, and any future regulation concerning offshore or cross-border transactions, will be interpreted, amended
and implemented by the relevant government authorities. For example, we may be subject to a more stringent review and approval process
with respect to our foreign exchange activities, such as remittance of dividends and foreign-currency-denominated borrowings, which may
adversely affect our financial condition and results of operations.

If
we acquire a PRC domestic company, we or the owners of such company, as the case may be, may not obtain the necessary approvals or complete
the necessary filings and registrations required by the foreign exchange regulations. This may restrict our ability to implement our
acquisition strategy and could adversely affect our business and prospects.

Because
a majority of our executive officers and directors are located in or have significant ties to the PRC, you may face difficulties in protecting
your interests, and your ability to protect your rights through the U.S. Federal courts may be limited.

Our
Chairwoman of the Board, Xinfeng Feng, and two of our directors, Li Wei and Wen He, are residents of mainland China. Our Chief Financial
Officer, Jichuan Yang, is a resident of Hong Kong. As a result, legal claims against us or our executive officers and directors may be
difficult or impossible for investors to pursue in U.S. courts. Moreover, even if an investor obtains a judgment in a U.S. court against
one of our directors or officers, the investor may be unable to enforce such judgment on these directors and officers. It will equally
be difficult to effect service of process upon us or those persons inside the PRC. PRC courts may only recognize and enforce foreign
judgments in accordance with the requirements of the PRC Civil Procedures Law based either on treaties between the PRC and the country