Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 446

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 446
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 and 15.4% of the total accounts payables as of March 31, 2024.

All of the Company’s cash is maintained with licensed banks within Hong Kong and Cayman Islands. Balances at licensed banks within Hong Kong are covered by the Deposit Protection Scheme up to HKD 500,000 (approximately $64,268 as of March 31, 2025) per depositor. Any balance over HKD 500,000 per depositor in Hong Kong will not be covered. As of March 31, 2025, cash balances held in banks in Hong Kong were HKD3,997,878 (approximately $513,873), of which, HKD3,497,878 (approximately $449,604) was not covered by the Deposit Protection Scheme. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts.

Currently, the Company’s operations are carried out in Hong Kong. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in Hong Kong, and by the general state of China’s economy. The Company’s operations in Hong Kong are subject to specific considerations and significant risks not typically associated with companies in North America. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.

NOTE 10 - COMMITMENTS AND CONTINGENCIES

Commitments and Contingencies

From time to time, the Company is a party to various legal actions arising in the ordinary course of business. The Company accrues costs associated with these matters when they become probable and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. For the years ended March 31, 2025 and 2024, the Company did not have any material legal claims or litigation that, individually or in aggregate, could have a material adverse impact on the Company’s consolidated financial position, results of operations and cash flows.

NOTE 11 - SUBSEQUENT EVENTS

Subsequent Events

The Company evaluated the subsequent event through the date of this report, and concluded that there are no material subsequent events that need to be disclosed.

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<div align='center'>Report of Independent Registered Public Accounting Firm</div>

Shareholders and Board of Directors of

HCYC Holding