Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 79

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 79
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 to HCYC.”

Regulatory Licenses for HCYC’s Operations in Hong Kong

HCYC only operates in Hong Kong through its wholly-owned subsidiary. HCYC is duly incorporated in the Cayman Islands and keeps its annual business registration current, which is the only permission required from the Cayman Islands in order operate. There is no approval process in the Cayman Islands in which HCYC needs to adhere to in order to offer its securities.

HCYC HK is duly incorporated in Hong Kong and keeps its annual business registration current, which is the only permission required from Hong Kong in order operate. There is no approval process in Hong Kong in which HCYC needs to adhere to in order to offer its securities.

HCYC HK does not have any operations in Mainland China. However, its operations may still be affected by decisions made by the PRC Government. China has sovereignty over Hong Kong and therefore can exert substantial influence on Hong Kong matters which may have an impact on the operating subsidiary’s operations. Chinese regulatory authorities could disallow the current holding company structure, and, therefore, any change in the interpretation of existing rules and regulations or the promulgation of new rules and regulations may materially affect current operations and or the value of the securities being registered for sale. Please see “Risks Related to HCYC.”

| 41 |

Interests of AlphaTime Directors and Officers in the Business Combination In considering the recommendation of the AlphaTime Board to vote in favor of approval of the Business Combination Proposal, the Initial Mergers Proposal and the Adjournment Proposal, you should keep in mind AlphaTime’s directors and officers have interests in such proposals that are different from, or in addition to, your interests as a shareholder. These interests include, among other things, the following:

| ● | AlphaTime’s                                                                                                                               
 officers, directors and their affiliates are entitled to reimbursement of out-of-pocket expenses incurred by them in connection with      
 certain activities on AlphaTime’s behalf, such as identifying and investigating possible business targets and business combinations.      
 As of the Record Date, there are no out-of-pocket expenses due to be reimbursed.                                                          |
| ● | The                                                                                                                                       
 Sponsor may convert any working capital loans that it may make to AlphaTime into up to an additional 30,000 Private Placement Units       
 at the price of $10.00 per Private Placement Unit.                                                                                        |
| ● | The                                                                                                                                       
 Sponsor, officers and directors have agreed not to redeem any ATMC Ordinary Shares held by them in connection with a