Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 427

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 427
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 consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matter

The critical audit matter communicated below is a matter arising from the current period audit of the consolidated financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the consolidated financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters. The determination that there are no critical audit matters is based on our professional judgment and audit scope.

/s/ Simon & Edward, LLP

We have served as the Company’s auditor since 2023.

PCAOB ID: 2485

Los Angeles, California

August 18, 2025

| F-41 |

<div align='center'>HCYC GROUP COMPANY LIMITED

CONSOLIDATED BALANCE SHEETS

(In U.S. dollars)</div>

|                                                                            |     |     As of 
 March 31, |            |   |     |      |           |   |
|                                                                            |     |      2025 |            |   |     | 2024 |           |   |
| ASSETS                                                                     |     |           |            |   |     |      |           |   |
| Current assets                                                             |     |           |            |   |     |      |           |   |
| Cash and cash equivalents                                                  |     |           |    523,013 |   |     |      |   810,819 |   |
| Accounts receivable                                                        |     |           |    573,068 |   |     |      |    72,346 |   |
| Prepayments and                                                            
 other current assets                                                       |     |           |     39,598 |   |     |      |    52,369 |   |
| Total current                                                              
 assets                                                                     |     |           |  1,135,679 |   |     |      |   935,534 |   |
| Non-current assets                                                         |     |           |            |   |     |      |           |   |
| Equipment, net                                                             |     |           |