Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 20

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 20
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 subsidiary is restricted in that respect, in their ability to transfer a portion of their net assets to the Company as a dividend. As of March 31, 2025 and 2024, our PRC operating subsidiary’s net restricted assets were $2,898,391 (equivalent to RMB21,044,182) and $2,961,361 (equivalent to RMB21,381,980) respectively. As of March 31, 2025, our net liabilities were $3,260,869.

| 6 |

The following table describes transfers among us and our subsidiaries made during the periods presented:

|                                                                                  |     | For the years ended 
            March 31 |   |     |      |   |     | For the three months ended 
                    June 30 |   |     |      |   |
|                                                                                  |     |                2025 |   |     | 2024 |   |     |                       2025 |   |     | 2024 |   |
|                                                                                  |     |                 RMB |   |     |  RMB |   |     |                        RMB |   |     |  RMB |   |
| Capital contributions from us to our offshore subsidiaries (1)                   |     |                     | - |     |      | - |     |                            | - |     |      | - |
| Loans from us to our offshore subsidiaries                                       |     |                     | - |     |      | - |     |                            | - |     |      | - |
| Capital contributions from our offshore subsidiaries to PRC operating subsidiary |     |                     | - |     |      | - |     |                            | - |     |      | - |
| Loans from our PRC operating subsidiaries to our offshore subsidiaries           |     |                     | - |     |      | - |     |                            | - |     |      | - |
| Other amounts paid by our WFOE on our behalf of our offshore subsidiaries (2)    |     |                     | - |     |      | - |     |                            | - |     |      | - |

| (1) | “Offshore                                                                        
 subsidiaries” refer to all of our subsidiaries except our PRC subsidiary.        |
| (2) | Cash                                                                             
 paid by our PRC operating subsidiary to our Hong Kong subsidiaries for expenses. |

As of the date of this prospectus, our Wyoming holding
company Alpha One Inc., has not declared or paid dividends,