Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 296

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 296
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 from the three Self-Regulatory Organizations in September 2019 and has become the sole regulator for granting licenses and setting conduct requirements for the insurance intermediaries in Hong Kong.

Economic Factors

Hong Kong is a global trade, financial, transportation and commercial center with a strategic location and has always served as a gateway to the mainland. According to the information released by the World Trade Organization, Hong Kong was the tenth largest economy in the world in 2022 Commodity trading entity. Over the past 20 years, Hong Kong’s economy has grown at an average annual rate of 2.8%.

Social Factors

In 2022, Hong Kong’s labor force totaled 3,780,000 people, half of which were men and women. The overall labor force dropped by 2.4% compared with 2021. Among them, the finance and insurance industry, real estate industry, and professional and business services industry accounted for 22.7%.

Technological Factors

In 2021, Hong Kong’s total local research and development expenditure was $27.8 billion. The ratio of total local research and development expenditure to GDP was 0.97%.

In the long run, the social distancing restrictions have driven the development of insurance technology, also known as “insurtech” applications, thus facilitating round-the-clock interactions with customers, broadening financial inclusiveness and narrowing protection gaps.

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<div align='center'>BUSINESS OF HCYC</div>

In this section, references to “we,” “us” and “our” are intended to refer to (i) for periods prior to the consummation of the Business Combination, HCYC and/or its subsidiaries, and (ii) for periods following the consummation of the Business Combination, HCYC and/or its subsidiaries, including HCYC, as the context indicates. “HCYC Group” refers to HCYC or the Company, as applicable, and its consolidated subsidiaries.

OVERVIEW

Based out of Hong Kong, we aim to be a leading intermediary insurance brokerage company, providing professional services, including but not limited to insurance business consulting, insurance products sourcing, negotiation of policy terms and conditions with insurers, insurance business after-sales customer services, and overall serving as an intermediary between insurers and customers, to enhance the overall customer experience.

Our operating subsidiary, HCYC Wealth Management (Asia) Company Limited was founded in 2010 and acquired by our founder, Ms. Xiameng Ding in February 2020 with the ambition