Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 307

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 307
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 is allowed to terminate the agreement with sixty (60) days advance notice to the other party, but the agreement cannot be terminated unliterally.

Pursuant to the agreement, the referrer agrees to use its network to introduce suitable customers to us, which we can refuse at our sole discretion if we feel the referral does not meet our standards.

Any customers introduced by a referrer that purchase products and get insurance underwritten by the relevant insurance company receive the “introduction fee” only after the application of said customer is confirmed and becomes effective. The referrer’s introduction fee is anywhere between 15%-20% of the fees we collect from the insurance company after a sale. We distribute introduction fees to the referrer only after we receive our fee from the relevant insurance company. The introduction fee must be paid to the referrer within one month of us receiving our fees. The fees paid by an insurance company may be adjusted by them at any time and for any reason. Accordingly, if there is an adjustment if the fees we receive, we have the right to unilaterally make the corresponding adjustment to the introduction fee, and referrers must agree to it.

All referrers agree they shall not carry out regulated activities or appear to carry out regulated activities in accordance with the Insurance Ordinance (Chapter 41 of the Laws of Hong Kong) and other applicable laws and regulations.

In the event a customer cancels a policy or defaults on a payment for any reason whatsoever, we are required to repay the insurance company the amount of commission we received on the premiums so refunded.

There are standard confidentiality clauses in all agreements and all terms and provisions are governed by the laws of Hong Kong.

While we strive to maintain high retention, we take proactive management actions from time to time to assess our referrers such that we uphold our core values and achieve our corporate vision.

As an intermediary insurance
brokerage company, customer retention is essential to maintain profitability, reduce costs and thrive in a competitive industry.

Brands that have a high
level of tenure across their customer base incur significantly less churn and cost than those with low customer tenure. Strong retention
rates drive profits, client acquisition and growth. From a cost perspective, retaining clients is significantly cheaper than acquiring
new ones, which leads to future growth.

INSURANCE PRODUCTS SOURCED BY HCYC

Our key life insurance products include the following:

Participating Life Insurance

Traditional participating life insurance products, also known as a with-profit or par policy, are contracts of insurance whereby the policy