Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1755

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1755
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 interest and penalties. The
occurrence of any of the foregoing could have a negative impact on our operating results and financial condition.

If
the government of the PRC finds that the agreements we entered into to acquire control of a target business do not comply with local
governmental restrictions on foreign investment, or if these regulations or the interpretation of existing regulations change in the
future, we could be subject to significant penalties or be forced to relinquish our interests in those operations or we could be unable
to assert our contractual control rights over the assets of the post-combination target company, which could cause the value of our Ordinary
Shares depreciate significantly or become worthless.

The
PRC currently prohibits and/or restricts foreign ownership in certain “important industries,” including telecommunications,
food production and heavy equipment. There are uncertainties under certain regulations whether obtaining a majority interest through
contractual arrangements will comply with regulations prohibiting or restricting foreign ownership in certain industries. For example,
the PRC may apply restrictions in other industries in the future. In addition, there can be restrictions on the foreign ownership of
businesses that are determined from time to time to be in “important industries” that may affect the national economic security
or those having “famous brand names” or “well-established brand names.”

If
we or any of our potential future target businesses are found to be in violation of any existing or future local laws or regulations
(for example, if we are deemed to be holding equity interests in certain of our affiliated entities in which direct foreign ownership
is prohibited), the relevant regulatory authorities might have the discretion to:

    ●
    
    revoke
    the business and operating licenses of the potential future target business;

    ●
    
    confiscate
    relevant income and impose fines and other penalties;

    ●
    discontinue
    or restrict the operations of the potential future target business;

    ●
    require
    us or the potential future target business to restructure the relevant ownership structure or operations;

    ●
    restrict
    or prohibit our use of the proceeds of our Initial Public Offering to finance our businesses and operations in the relevant jurisdiction;
    or

    ●
    impose
    conditions or requirements with which we or the potential future target business may not be able to comply.

If
we acquire control of a target business through contractual arrangements with one or more operating businesses in the PRC, such contracts
may not be as effective in providing operational control as direct ownership of such business and may be difficult to enforce