Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 123

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 123
---
we will be compliant with these requests from these regulators, there is no guarantee that such requests will be honored by those entities
who provide services to us or with whom we associate, especially as those entities are located in China. Furthermore, since our operations
are conducted in Hong Kong, an on-site inspection of our facilities by any of these regulators may be limited or entirely prohibited.
Such inspections, though permitted by us and our affiliates, are subject to the unpredictability of the Chinese enforcers, and may therefore
be impossible to facilitate.

The PRC government has significant oversight and discretion over the conduct of a Hong Kong company’s business operations or to exert control over any offering of securities conducted overseas and/or foreign investment in China-based issuers, and may intervene with or influence our operations, via HCYC HK, may limit or completely hinder our ability to offer or continue to offer securities to investors, and may cause the value of such securities to significantly decline or be worthless, as the government deems appropriate to further regulatory, political and societal goals.

In light
of China’s extension of authority into Hong Kong, we are subject to risks arising from the legal system in China, including risks
and uncertainties regarding the enforcement of laws and that rules and regulations in Hong Kong and China can change quickly with little
to no advanced notice. In addition, the PRC government may intervene or influence our operations at any time with little to no advanced
notice, which could result in a material change in our operations and/or the value of our ordinary shares. These risks will become even
more prominent and direct if we expand our operations into or develop a physical presence in China. For example, the PRC government has
recently published new policies that significantly affected certain industries such as the education and internet industries, and we
cannot rule out the possibility that it will in the future release regulations or policies regarding any industry that could adversely
affect the business, financial condition and results of operations of our company. Furthermore, the PRC government has also recently
indicated an intent to exert more oversight and control over securities offerings and other capital markets activities that are conducted
overseas and foreign investment in China-based companies. Any such action, once taken by the PRC government, could significantly limit
or completely hinder our ability to offer or continue to offer securities to investors and cause the value of such securities to significantly
decline or become worthless.

| 69 |

Recently,
the PRC government initiated a series of regulatory actions and statements to regulate