Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 170

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 170
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000 PubCo Ordinary Shares issuable upon exercise of the Private Warrants.

(5) Assumes that ATMC public shareholders holding
approximately 417,436 ATMC Ordinary Shares subject to possible redemption will exercise their redemption rights upon consummation
of the Business Combination at a redemption price of approximately $12.38 per share.

| 89 |

<div align='center'>UNAUDITED PRO FORMA COMBINED FINANCIAL INFORMATION
As of March 31, 2025</div>

|                                                                                |     |      |            |   |     |      |            |   |     |       |   |     | Scenario 1                        |             |   |   |     |                         |            |   |     | Scenario 2                         |            |   |   |     |                         |            |   |     | Scenario 3                         |            |   |   |     |                         |            |   |     | Scenario 4                             |            |   |   |     |                         |            |   |
|                                                                                |     |      |            |   |     |      |            |   |     |       |   |     | Assuming No Redemptions into Cash |             |   |   |     |                         |            |   |     | Assuming 50% Redemptions into Cash |            |   |   |     |                         |            |   |     | Assuming 75% Redemptions into Cash |            |   |   |     |                         |            |   |     | Assuming Maximum Redemptions into Cash |            |   |   |     |                         |            |   |
|                                                                                |     | CNY0 
 HCYC |            |   |     | ATMC |            |   |     | PubCo |   |     | Pro forma adjustment              |             |   |   |     | Pro forma balance sheet |            |   |     | Pro forma adjustment               |            |   |   |     | Pro forma balance sheet |            |   |     | Pro forma adjustment               |            |   |   |     | Pro forma balance sheet |            |   |     | Pro forma adjustment                   |            |   |   |     | Pro forma balance sheet |            |   |
| ASSETS                                                                         |     |      |            |   |     |      |            |   |     |       |   |     |                                   |             |   |   |     |                         |            |   |     |