Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 451

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 451
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 integral part of these consolidated financial statements.</div>

| F-63 |

<div align='center'>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

NOTE 1. ORGANIZATION AND BUSINESS DESCRIPTION

Organization and Business Description

HCYC Holding Company (“HCYC Holding” or “the Company”) is a holding company incorporated in Cayman Island on December 18, 2023 under the laws of the Cayman Islands, which has no substantial operations and was incorporated for sole the sole purpose of a business combination. As of March 31, 2025, the Company wholly owned 3 entities:(1) ATMC Merger Sub 1 Limited, a Cayman Islands exempted company(“Merger Sub 1”), ATMC Merger Sub 2 Limited, a Cayman Islands exempted company (“Merger Sub 2”), and HCYC Merger Sub Limited, a Cayman Islands exempted company, which were founded to effectuating the business combination and do not operate any businesses as well.

On January 5, 2024, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, Merger Sub 1, Merger Sub 2, and Merger Sub 3, AlphaTime Acquisition Corp, a listed company on Nasdaq (“AlphaTime”), and HCYC Group Company Limited, Cayman Islands exempted company (“HCYC Group”). Pursuant to the Merger Agreement, the parties thereto will enter into a business combination transaction by which (i) AlphaTime will merge with and into Merger Sub 1, with AlphaTime surviving such merger; (ii) AlphaTime will merge with and into Merger Sub 2, with Merger Sub 2 surviving such merger; and (iii) HCYC Group will merge with and into Merger Sub 3, with HCYC Group surviving such merger.

Upon consummation of the Business Combination, each of Merger Sub 2 and HCYC Group shall become a wholly owned subsidiary of the Company, and the Company shall become a new public company owned by the prior AlphaTime Shareholders, the prior holders of HCYC Shares, and other investors of the Company (if any). The Company plans to apply for listing, to be effective at the time of the Closing of the Business Combination, of the ordinary shares of the Company on the Nasdaq Stock Market.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES