Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 35

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 35
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 and acquisitions may be significant. We may also incur costs and experience uncertainties in completing necessary registrations and obtaining necessary approvals from relevant government authorities in China and elsewhere in the world. The costs and duration of integrating newly acquired assets and businesses could also materially exceed our expectations. Any such negative developments could have a material adverse effect on our business, financial condition, results of operations and cash flow.

We have identified material weaknesses in our disclosure controls and procedures and internal control over financial reporting.

We identified material weaknesses in our internal controls over financial reporting. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our financial statements will not be prevented or detected on a timely basis.

The material weaknesses identified include (i) the Company did not maintain a functioning independent audit committee and did not maintain an independent board; (ii) the Company had inadequate segregation of duties; and (iii) the Company had an insufficient number of personnel with an appropriate level of U.S. GAAP knowledge and experience and ongoing training in the application of U.S. GAAP and SEC disclosure requirements commensurate with the Company’s financial reporting requirements.

As of this prospectus, we have engaged a finance consulting firm with U.S. GAAP expertise to train our finance team and enhance their understanding of accounting standards and reporting practices. To address segregation of duties and improve oversight, we have increased staffing in our finance department.

We are also planning to establish an independent audit committee and are actively identifying qualified candidates with relevant expertise to oversee financial reporting and internal controls. Additionally, we intend to recruit a financial controller experienced in U.S. GAAP to strengthen financial management and ensure compliance with regulatory requirements.

These initiatives will involve additional costs, including increased salaries and consulting fees. We anticipate fully addressing the identified material weaknesses within approximately one and a half years, contingent on the successful implementation of these measures and the recruitment of qualified personnel.

If not remediated, our failure to establish and maintain effective disclosure controls and procedures and internal control over financial reporting could result in material misstatements in our financial statements and a failure to meet our reporting and financial obligations, each of which could have a material adverse effect on our financial condition and the trading price of our common stock.

An occurrence of a natural disaster, widespread health epidemic or other outbreaks, such as COVID-19, could have a material adverse effect on the Company’s business, financial condition and results of operations.

The Company’s business could be materially and adversely affected by natural disasters or