Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 441

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 441
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| Total due to related parties                         |      | $ |  933,647 |     | $ |  588,908 |

| (1) | As                                                                                                                             
 of March 31, 2025 and 2024, the balances of due to related parties were comprised of the Company’s borrowings from related     
 parties and was used for working capital during the Company’s normal course of business. Such advance was non-interest bearing 
 and due on demand.                                                                                                             |

| F-54 |

(c) Related party transactions

Schedule of Related Parties Transactions

|                                  |     |                       For 
 the years ended March 31, |        |     |      |        |
|                                  |     |                      2025 |        |     | 2024 |        |
| Purchase of referral service (1) |     |                           |        |     |      |        |
| Mr. Kwok Wai Man (1)             |     |                           | 25,755 |     |      | 37,279 |
| Total (1)                        |     |                         $ | 25,755 |     |    $ | 37,279 |
| Purchase of referral service     |     |                         $ | 25,755 |     |    $ | 37,279 |

| (1) |     | The                                                                                                               
 Company has entered into agreements with two related parties, Summit Planned Ltd and Mr.                          
 Kwok Wai Man, pursuant to which two related parties are obligated to facilitate the Company’s                     
 brokerage business by referring potential insurance policyholders to the Company and are                          
 entitled with the commissions for the insurance policies bought by those policyholders when they become effective |

NOTE 6 - TAXES

Taxes

(a) Corporate Income Taxes (“ CIT”)

Cayman Islands

Under the current tax laws of the Cayman Islands, HCYC Cayman is not subject to tax on its income or capital gains. In addition, no Cayman Islands withholding tax will be imposed upon the payment of dividends by the Company to its shareholders.

British Virgin Islands (“ BVI ”)

Under the current laws of the BVI, HCYC Agent is not subject to tax on income or capital gains. Additionally, upon payments of dividends by these BVI companies to its respective shareholders, no BVI withholding tax will be imposed.

Hong Kong

Under the current HK tax laws, before April 1, 2018, the income tax rate of Hong Kong was 16.5%. Effective