Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 958

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9B
Chunk 958
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 arm’s-length dealings with an unrelated third party, (ii) the extent of the
related party’s interest in the transaction, (iii) whether the transaction contravenes our code of ethics or other policies, (iv)
whether the audit committee believes the relationship underlying the transaction to be in the best interests of the company and its shareholders
and (v) the effect that the transaction may have on a director’s status as an independent member of the board and on his or her
eligibility to serve on the board’s committees. Management will present to the audit committee each proposed related party transaction,
including all relevant facts and circumstances relating thereto. Under the policy, we may consummate related party transactions only
if our audit committee approves or ratifies the transaction in accordance with the guidelines set forth in the policy. The policy does
not permit any director or executive officer to participate in the discussion of, or decision concerning, a related person transaction
in which he or she is the related party.

87

Director
Independence

Nasdaq
listing standards require that a majority of our board of directors be independent. An “independent director” is defined
generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship
which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment
in carrying out the responsibilities of a director. Our board of directors has determined that Li Wei, Wen He and Michael Coyne are “independent
directors” as defined in Nasdaq listing standards and applicable SEC rules. Our independent directors have regularly scheduled
meetings at which only independent directors are present.

ITEM
14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

The
firm of UHY LLP, or UHY, acts as our independent registered public accounting firm. The following is a summary of fees paid to UHY for
services rendered.

Audit
Fees. Audit fees consist of fees billed for professional services rendered for the audit of our year-end financial statements and
services that are normally provided by UHY in connection with regulatory filings. The aggregate fees billed by UHY for professional services
rendered for the audit of our annual financial statements, review of the financial information included in our Forms 10-Q for the respective
periods and other required filings with the SEC for the year ended December 31, 2024 and for the year ended December 31, 2023 total approximately
$