Company: AOAO
Filing Date: 2025-07-30
Form Type: S-1/A
Source: 0001641172-25-021532
Chunk: 39

Company: Alpha One Inc.
Filing Date: 2025-07-30
Form: S-1/A
Chunk 39
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 Foreign Investment Law has a catch-all provision that includes into the definition of “foreign investments” made by foreign investors in China in other methods as specified in laws, administrative regulations, or as stipulated by the State Council, and as the PRC Foreign Investment Law and the Implementing Rules are newly adopted and relevant government authorities may promulgate more laws, regulations or rules on the interpretation and implementation of the PRC Foreign Investment Law, the possibility cannot be ruled out that the concept of “control” as stated in the 2015 Draft FIL may be embodied in, or the VIE structure may be deemed as a method of foreign investment by, any of such future laws, regulations and rules. Our current corporate structure does not contain any VIE structures in the PRC and neither we nor any of our subsidiaries have any current intention establishing any VIEs in the PRC in the future. As of the date of this prospectus, substantially all of our business is conducted by our PRC Subsidiaries, primarily including Shenzhen Zhongyun Communication Technology Co., Ltd.

Pursuant
to the FIL, the State Council shall promulgate or approve a list of special administrative measures for access of foreign investments,
which is referred to as “the Negative List.” The FIL grants treatment to foreign investors and their investments at the market
access stage which is no less favorable than that given to domestic investors and their investments, except for the investments of foreign
investors in industries deemed to be either “restricted” or “prohibited” on the Negative List. The FIL provides
that foreign investors shall not invest in the “prohibited” industries on the Negative List and shall meet such requirements
as stipulated by the Negative List for making investment in “restricted” industries on the Negative List. Accordingly, the
National Development and Reform Commission, or the NDRC, and the Ministry of Commerce promulgated the Negative List (2021), which took
effect on January 1, 2022, and the NDRC and the Ministry of Commerce promulgated the Encouraged Industry Catalogue for Foreign Investment
(2022 version), or the 2022 Encouraged Industry Catalogue, which took effect on January 1, 2023. Industries not listed on the Negative
List (2021) are generally open for foreign investments unless specifically restricted by other PRC laws. We are engaged in the trading of intelligent products and the construction of telecommunication engineering services
not including the restricted category “telecommunication value