Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 326

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 326
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 traditional insurance brokerage industry by transforming the traditional role of an insurance broker into our business model. To maximize customer touch points and offer a desirable experience, we adopted a comprehensive service model to enhance, extend and empower the services that we provide our customers, effectively providing personalized and tailored life insurance products based on individualized needs sourced through our network of insurance providers.

We have built long-term collaborative partnerships with some of the large insurance providers in Hong Kong, which we believe allows us to source the best available customized insurance plans to meet all of our customers’ needs, both individuals and partnered insurance providers. We believe this which enables us to serve sophisticated, affluent and mass affluent customers who value personalized interactions.

Major Factors Affecting Our Results of Operations

HCYC did not set any specific key performance indicators for each period presented. We believe that the major factors affecting our results of operations include the following.

Productivity of Distribution Network

We believe that building
out an effective distribution network is essential to increasing our sales, and therefore, the productivity of our distribution network
is and will continue to be essential to our net revenues and business operations. We currently have no sales professionals as employees,
and highly rely on our sales from corporate referrers. All of our sales are generated from corporate referrers. As we expand our coverage
network, we will increase our capacity to cultivate and serve new clients and markets, and further improve our operation efficiency.

Rate of insurance brokerage fee

We derive a majority of
our revenues from first-year commissions of insurance policies sales we facilitate. The commission fee rates vary from product to product.
Most of commissions we earn for such service are calculated based on product price and commission fee rates, hence the change of commission
fee rates may substantially affect our net revenue. Although the fee rates within any given category of the products we distribute remained
relatively stable during the applicable periods referenced in this prospectus, future commission fee rates may be subject to change based
on the prevailing political, economic, regulatory, taxation and competitive factors that affect insurance companies who determine those
fee rates. Our revenues stem from both our individual customers and partnered insurance providers.

Market competition

We operate in an increasingly
competitive environment and compete for clients on the basis of, among other things, product offering, client services, branch network,
reputation and brand name. Should our competitors possess resource mention above comparable to or better than ours, we might not be able
to maintain our competitive edges, and the business operations and profitability of our Group might be adversely affected.

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