Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 291

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 291
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CYC</div>

Unless the context otherwise requires, all references in this section to the “Company”, “we”, “us”, “our” or “HCYC” refer collectively to HCYC Group Company Limited and its direct and indirect subsidiaries prior to the consummation of the Business Combination.

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<div align='center'>INDUSTRY OVERVIEW</div>

Certain information, including statistics and estimates, set forth in this section and elsewhere in this prospectus has been derived from an industry report commissioned by us and independently prepared by Frost & Sullivan in connection with this offering. We believe that the sources of such information are appropriate, and we have taken reasonable care in extracting and reproducing such information. We have no reason to believe that such information is false or misleading in any material respect or that any fact has been omitted that would render such information false or misleading in any material respect. However, neither we nor any other party involved in this offering has independently verified such information, and neither we nor any other party involved in this offering makes any representation as to the accuracy or completeness of such information. Therefore, investors are cautioned not to place any undue reliance on the information, including statistics and estimates, set forth in this section or similar information included elsewhere in this prospectus.

Background

HCYC Group Company Limited’s subsidiary, HCYC Wealth Management Limited, is a licensed insurance broker company registered with the Insurance Authority in Hong Kong. As a licensed insurance broker, HCYC Wealth Management Limited is authorized to negotiate or arrange contracts for long-term business as the agent of the policyholder transacts insurance business in Hong Kong.

Introduction to the Hong Kong Insurance Industry

Insurance is an activity whereby institutional units or groups of units protect themselves against the negative financial consequences of specific uncertain events. According to the standard EU and OECD conventions, insurance can be divided into life and non-life insurance. Life insurance mainly redistributes premiums paid over a period of time as benefits paid later to the same policyholder, while non-life insurance consists of redistribution in the current period between all policyholders and a few claimants.

| ● | Life                                                                                            
 insurance. Life insurance is an activity whereby a policyholder makes regular payments          
 to an insurer in return for which the insurer guarantees to provide the beneficiary with        
 an agreed sum, or an annuity, at a given date or earlier if the insured person dies beforehand. 
 A life policy can grant benefits arising from a series of risks.                                |

| ● | Non-life                                                                                    
 insurance. Non-life insurance is