Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 327

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 327
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Results of Operations

For the Year Ended March 31, 2025 Compared to the Year Ended March 31, 2024

The summary of the Company’s total revenues by commission type for the years ended March 31, 2025 and 2024 was as follows:

|                                 |     | For years ended March 31, |      2025 |     |   |       2024 |
|:--------------------------------|:----|:--------------------------|----------:|:----|:--|-----------:|
| Revenue - first year commission |     | $                         | 5,181,879 |     | $ | 10,358,016 |
| Revenue - renewal commission    |     |                           |   691,145 |     |   |    521,976 |
| Other activities                |     |                           |     5,528 |     |   |      7,838 |
| Total revenue                   |     | $                         | 5,878,552 |     | $ | 10,887,830 |

Revenues

Our revenue is primarily derived from insurance brokerage services with respect to life insurance products. We receive first-year commission from the insurance companies, i.e. our customers, for the new insurance products we facilitate to sell, and renewal commission for the renewal of previously sold products. These commissions are normally calculated as a percentage of the premium that the policy buyer pays to the insurance companies in respect of an insurance product and its subsequent renewals. The following table sets forth the range of commission fee percentage and the weighted average commission fee percentage, by type of insurance product, for each period presented.

|                    |     |                          For 
        years ended March 31, |           |   |     |                                   |      |   |     |                              |         |   |     |                                   |      |   |
|                    |     |                         2025 |           |   |     |                                   |      |   |     |                         2024 |         |   |     |                                   |      |   |
|                    |     |                        Range 
 of commission fee percentage |           |   |     | Weighted                          
 average commission fee percentage |      |   |     |                        Range 
 of commission fee percentage |         |   |     | Weighted                          
 average commission fee percentage |      |   |
| First              
 year Commission    |     |                              |           |   |     |                                   |      |   |     |                              |         |