Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 320

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 320
---
 to time. A shareholder has the right to seek damages if a duty owed by the directors is breached.

Terms of Directors and Executive Officers

The Pubco directors may be appointed by an ordinary resolution of Pubco’s shareholders. In addition, Pubco’s board of directors may, by the affirmative vote of a simple majority of the directors present and voting at a board meeting appoint any person as a director either to fill a casual vacancy on Pubco’s board or as an addition to the existing board. Unless otherwise determined by Pubco in general meeting, Pubco shall have no less than three (3) and no more than twelve (12) directors. A director will cease to be a director automatically if the director (i) becomes bankrupt or makes any arrangement or composition with his creditors; (ii) dies or is found to be or becomes of unsound mind; (iii) resigns his office by notice in writing to Pubco; (iv) without special leave of absence from Pubco’s board, is absent from three consecutive board meetings and Pubco’s directors resolve that his office be vacated; or (v) is removed from office pursuant to any other provisions of Amended Pubco Articles.

Pubco’s officers are elected by and serve at the discretion of the board of directors of Pubco.

Board Committees

The Pubco board of directors will have an audit committee, a compensation committee and a nominating committee. Each committee’s members and functions are described below.

Audit Committee

The Pubco audit committee will initially consist of Raymond (Yong) Xia, Li Peng Hsin and Lei Yiyi. Raymond (Yong) Xia will be the chairperson of Pubco’s audit committee. Each of Raymond (Yong) Xia, Li Peng Hsin and Lei Yiyi satisfies the independence requirements under Rule 5605(c)(2) of the Nasdaq Stock Market Rules and meets the criteria for independence set forth in Rule 10A-3 of the Exchange Act, as well as the criteria of an audit committee financial expert as set forth under the applicable rules of the SEC.

The Pubco audit committee will oversee Pubco’s accounting and financial reporting processes and the audits of Pubco’s financial statements. The audit committee will be responsible for, among other things:

● selecting the independent auditor;

● pre-approving auditing and non-auditing services permitted to be performed by the independent auditor;

| 177 |

● annually reviewing the independent auditor’s report describing the auditing firm’s internal quality control procedures, any