Company: AOAO
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001493152-25-018240
Chunk: 147

Company: Alpha One Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 147
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|:------------------------------------|:----|:--|----------:|:----|:--|----------:|
| Staff salaries and welfare payables |     | $ |   226,329 |     | $ |   213,391 |
| Engineering labor cost payables     |     |   | 2,312,256 |     |   | 2,271,380 |
| VAT and other tax payables          |     |   |   799,677 |     |   |   616,085 |
| Others                              |     |   |   814,950 |     |   |   775,138 |
|                                     |     | $ | 4,153,212 |     | $ | 3,875,994 |

As of June 30, 2025 and March 31, 2025, the engineering labor cost was accrued according to the progress of project. Others represent loan from individuals and expenses paid on behalf of staffs.

NOTE 8 – CONTRACT LIABILITIES

|                                    |     |   | June 30, 
     2025 |     |   | March 31, 
      2025 |
|:-----------------------------------|:----|:--|---------:|:----|:--|----------:|
| Billings in advance of performance |     | $ |  394,738 |     | $ | 1,689,834 |

As of June 30, 2025 and March 31, 2025, billings in advance of performance are expected to be recognised as income within one year.

NOTE 9 - INCOME TAXES

United States of America

The Company is registered in the State of Wyoming and is subject to United States of America tax law. The U.S. federal income tax rate is 21%.

British Virgin Islands

Our subsidiary incorporated in the British Virgin Islands is not subject to income or capital gains tax under the current laws of the British Virgin Islands. The British Virgin Islands does not impose withholding tax on dividend payments.

| F-34 |

Hong Kong

Under the current Hong Kong Inland Revenue Ordinance, our subsidiaries incorporated in Hong Kong are subject to a two-tiered profits tax rates regime. Under the two-tiered profits tax rates regime, the first HK$2.0 million of profits of the qualifying Company entity will be taxed at 8.25%, and profits above HK$2.0 million will be taxed at 16.5%. We do