Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 341

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 341
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. Kwok Wai Man                                     |      | $ |            163 |     |   |          1,400 |
| Total due to related parties                         |      | $ |        933,647 |     | $ |        588,908 |

| (1) | As                                                                                                                             
 of March 31, 2025 and 2024, the balances of due to related parties were comprised of the Company’s borrowings from related     
 parties and was used for working capital during the Company’s normal course of business. Such advance was non-interest bearing 
 and due on demand.                                                                                                             |

Related party transactions

|                                  |     | For the years ended March 31, |        |     |      |        |
|                                  |     |                          2025 |        |     | 2024 |        |
| Purchase of referral service (1) |     |                               |        |     |      |        |
| Mr. Kwok Wai Man                 |     |                               | 25,755 |     |      | 37,279 |
| Total                            |     |                             $ | 25,755 |     |    $ | 37,279 |

| (1) | The                                                                                                                                  
 Company has entered into agreements with two related parties, Summit Planned Ltd and Mr. Kwok Wai Man, pursuant to which two related 
 parties are obligated to facilitate the Company’s brokerage business by referring potential insurance policyholders to the Company   
 and are entitled with the commissions for the insurance policies bought by those policyholders when they become effective.           |

| 189 |

SGI Group Limited Transaction

On April 20, 2020, the Company’s
subsidiary HCYC HK acquired a 34% ownership interest in SGI Group Limited (“SGI”) with a total investment amount of HKD 1,564,000,
which was paid in full.

On June 15, 2022, HCYC HK
and Ms. Xiameng Ding, the Company’s controlling shareholder and chairman, entered into a disposal agreement, pursuant to which
HCYC HK sold its 34% ownership interest in SGI for HKD 1,564,000 to Ms. Xiameng Ding. Additionally, 340,000 ordinary shares in SGI Group
Limited were issued to Ms. Xiameng Ding. The consideration for the transaction was settled through the relief of the debt due to Mihoshi
Technology Group (Hong Kong) Company Limited, an