Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 26

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 26
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 an appointed trustee could potentially ignore the contracts we have in place with such party, resulting in increased charges or the termination of the supply contracts. We may not be able to replace a supplier within a reasonable period of time, on as favorable terms or without disruption to our operations. Any adverse changes to our relationships with suppliers could have a material adverse effect on our image, brand and reputation, as well as on our business, financial condition and results of operations.

We are highly dependent on the service of Ms. Shuhua Liu of the Company and our President, Secretary, Treasurer and Chairman of the Board of Directors

We are highly dependent on the services of Ms. Shuhua Liu, Alpha One Inc. and our Chief Executive Officer. Although Ms. Shuhua Liu spends significant time (seven hours per working day) with the Company and is highly active in our management, she does not devote her full time and attention to the Company. For example: Ms. Shuhua Liu also currently holds management positions at Alpha One Holdings Co., Ltd, she reviewed the management report quarterly and yearly, which took her about half a day monthly to handle the matter.

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The Company had operating cash outflows for the years ended March 31, 2025 and 2024, and the Company’s cash flows may deteriorate due to potential mismatches in the time between receipt of payments from the Company’s customers, and payments to the Company’s suppliers, failure to appropriately evaluate the credit profile of our customers and/or delay in settlement of accounts receivable from our customers which may impact its operating cash flow position

The Company relies on its suppliers to provide the necessary labour and materials for its projects, and relies upon the cash inflow from its customers to meet the payment obligations towards its suppliers. The Company’s cash inflows are dependent upon a variety of factors including certification by its customers and the prompt settlement of its invoices. If such payment is delayed, the Company may be required to fund the cost of works for a lengthy period of time until the Company’s payment application is approved and paid for. As at March 31, 2025 and 2024, the Company’s accounts payable, accrued and other payables amounted to $4.70 million and $5.66 million respectively. Whereas for the corresponding dates, the Company’s account receivables amount to $3.18 million and $9.75 million respectively. As at June 30, 2025, the Company’s accounts payable, accrued and other payables