Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 310

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 310
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 of our revenue is sourced from the commission fees that come directly from the insurance companies we partner with.

ENVIRONMENTAL, SOCIAL AND GOVERNANCE MATTERS

Our ESG Governance

As part of our overall business strategy, we aim to ensure a close alignment of our environmental, social and (corporate) governance “ESG” function with our business goals and ensure we allocate sufficient resources to our ESG functions.

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Competition

In general, the insurance brokerage industry is highly competitive. Insurance brokers compete based on a number of factors, including partnership establishment, marketing reach, brand recognition, marketing methods, products, pricing, customer service, among other factors. We believe that we are well positioned to compete with both established players as well as new entrants and to continue increasing our market share by leveraging our customer driven, legacy-light strategy and our ability to quickly adapt to changes in market trends and the regulatory environment.

Intellectual Property

The protection of our trade secrets and intellectual property is an important aspect of our business. Intellectual property laws, procedures and restrictions provide only limited protection and any of our trade secrets and intellectual property rights may be challenged, invalidated, circumvented, infringed or misappropriated.

Regulatory Licenses

Our core business operating subsidiary, HCYC Wealth Management (Asia) Company Limited, is licensed as an insurance broker company registered with the Insurance Authority in Hong Kong. As a licensed insurance agency, HCYC Wealth Management (Asia) Company Limited is authorized to negotiate or arrange contracts for long-term business as the agent of policyholders and transact insurance business in or from Hong Kong and provide advice on insurance-related matters.

We need to maintain valid relevant insurance licenses in each market to operate our businesses. We are subject to extensive oversight and comprehensive regulations by the relevant regulators in the market we operate in. Please see “ Risk Factors - Risks Relating to HCYC.”

As of March 31, 2024, we have obtained all material licenses, approvals and permits from the relevant government authorities. In particular, we hold a long-term life insurance license in Hong Kong.

Employees

We have 10 employees, which consists of one officer, seven technical representatives, one accountant and one administrative staff. We also engage six corporate referrers, which help us source customers. None of our other employees are subject to any collective bargaining agreements or represented by a union. We believe we have good employment relationships with our employees and have not experienced any interruptions of operations due to labor disagreements.

Facilities

We are