Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 25

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 25
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 future), in order for the Company to undertake new projects, the Company must either participate in open tendering to compete for project made available by potential customers or await customers to approach the Company to solicit its services. As such, given the non-recurring nature of the Company’s projects, the Director believe that the Company’s future growth and success will depend on the Company’s ability to continue to secure projects. The Company cannot assure you that it will be able to secure projects from the Company’s existing or potential customers. In the event that there is a significant decrease in the number of projects or scale in terms of contract value of the projects awarded by the Company’s customers, the Company’s business and results of operations may be materially and adversely affected. The Company’s current revenue, which is on a non-recurring project basis and sales of third party product, is substantially less than our objective, and that substantial doubt exists regarding our ability to continue as a going concern.

We have historically relied on, and expect to continue to rely on one supplier on the supply of our intelligent products, the loss of which could adversely affect our business, financial condition and results of operations

We have historically relied on one supplier “Shenzhen JingMeiJing Technology Co., Ltd” for the supply of our intelligent products. For the fiscal years ended March 31, 2025 and 2024, the supplier accounted for approximately nil and 81% of our total purchases respectively. For the three months ended June 30, 2025, we relied on one supplier “Shenzhen Wangjie Technology Co., Ltd” for the supply of our intelligent products.

We have purchased, and expect to continue to purchase products from the supplier under our purchase agreements with it. Our agreement with the supplier is valid for two years after the products acceptance is qualified. These agreements may be terminated or rescinded earlier by mutual agreements to terminate, or occurrence of force majeure. In the event that we are unable to purchase products upon early termination or expiration of our agreement with the supplier, our business would be harmed.

The unavailability of certain products, delays in the delivery of certain products or the delivery of products that does not meet our specifications could impair our ability to meet customers’ orders. We are also subject to credit risk with respect to our suppliers. If any such suppliers become insolvent, an appointed trustee could potentially ignore the contracts we have in place with such party, resulting in increased charges or the termination of the supply contracts. We may not be able to replace a supplier