Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 127

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 127
---
 and other
persons that are directly liable for such failure shall be warned and each imposed a fine from RMB500,000 (approximately US$ 69,973)
to RMB5,000,000 (approximately US$ 699,731). Controlling shareholders and actual controlling persons of us that organize or instruct
such violations shall be imposed a fine from RMB1,000,000 and RMB10,000,000.These risks could result in a material adverse change in
our operations, significantly limit or completely hinder our ability to offer or continue to offer securities to investors, or cause
such securities to significantly decline in value or become worthless.

Adverse regulatory developments in China may subject us to additional regulatory review, and additional disclosure requirements and regulatory scrutiny to be adopted by the SEC in response to risks related to recent regulatory developments in China may impose additional compliance requirements for companies like us with Hong Kong-based operations, all of which could increase our compliance costs, subject us to additional disclosure requirements.

The
recent regulatory developments in China, in particular with respect to restrictions on China-based companies raising capital offshore,
may lead to additional regulatory review in China over our financing and capital raising activities in the United States. In addition,
we may be subject to industry-wide regulations that may be adopted by the relevant PRC authorities, which may have the effect of limiting
our service offerings, restricting the scope of our operations in Hong Kong, or causing the suspension or termination of our business
operations in Hong Kong entirely, all of which will materially and adversely affect our business, financial condition and results of
operations. We may have to adjust, modify, or completely change our business operations in response to adverse regulatory changes or
policy developments, and we cannot assure you that any remedial action adopted by us can be completed in a timely, cost-efficient, or
liability-free manner or at all.

On
July 30, 2021, in response to the recent regulatory developments in China and actions adopted by the PRC government, the Chairman of
the SEC issued a statement asking the SEC staff to seek additional disclosures from offshore issuers associated with China-based operating
companies (including Hong Kong) before their Registration Statements will be declared effective. On August 1, 2021, the China Securities
Regulatory Commission stated in a statement that it had taken note of the new disclosure requirements announced by the SEC regarding
the listings of Chinese companies and the recent regulatory development in China, and that both countries should strengthen communications
on regulating China