Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 25

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 25
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 products. For the fiscal years ended March 31, 2024 and 2023, the supplier accounted for approximately 81% and nil of our total purchases respectively. For the six months ended September 30, 2024 and 2023, the supplier accounted for nil of our total purchases.

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 These agreements may be terminated or rescinded earlier by mutual agreements to terminate, or occurrence of force majeure.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 within a reasonable period of time, on as favorable terms or without disruption to our operations. Any adverse changes to our relationships with suppliers could have a material adverse effect on our image, brand and reputation, as well as on our business, financial condition and results of operations.

We are highly dependent on the service of Ms. Shuhua Liu of the Company and our President, Secretary, Treasurer and Chairman of the Board of Directors

We are highly dependent on the services of Ms. Shuhua Liu, Alpha One Inc. and our Chief Executive Officer. Although Ms. Shuhua Liu spends significant time (seven hours per working day) with the Company and is highly active in our management, she does not devote her full time and attention to the Company. For example: Ms. Shuhua Liu also currently holds management positions at Alpha One Holdings Co., Ltd, she reviewed the management report quarterly and yearly, which took her about half a day monthly to handle the matter.

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The Company had operating cash outflows for the years ended March 31, 2024 and 2023, and the Company’s cash flows may deteriorate due to potential mismatches in the time between receipt of payments from the Company’s customers, and payments to the Company’s suppliers, failure to appropriately evaluate the credit profile of our customers