Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1779

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1779
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the listing affects or is likely to affect China’s national security. The proposed rules might impact the timetable of our initial
business combination and the certainty of our initial business combination, if the target company we have identified is subject to the
2021 Measures or the final Cybersecurity Review Measures.

Further
regulations or regulatory actions in the PRC could affect the timetable and closing certainty of our Initial Public Offering and/or our
initial business combination.

Further,
on July 6, 2021, the General Office of the Communist Party of China Central Committee and the General Office of the State Council of
the PRC jointly issued the “Opinion on Strictly Punishing Illegal Securities Activities according to Law” (《关于依法从严打击证券违法活动的意见》)
(the “Opinion”). The Opinion specifies the target of upgrading the securities law-enforcement and judicial systems by 2022
and 2025, including effectively curbing the frequent occurrence of major illegal and criminal cases, as well as making notable advances
in the transparency, standardization and credibility in the securities law-enforcement and judicial system. In particular, Clause 5 of
the Opinion is entitled “Further Enhancing Cross-Border Regulatory Oversight, Enforcement and Judicial Cooperation.” The
Opinion may require or facilitate further regulations or regulatory actions applicable to Chinese companies seeking to be listed overseas,
including in the U.S., which regulations could be applicable to our Initial Public Offering, our initial business combination or the
target company we identify and impact the timetable and closing certainty of our Initial Public Offering and/or our initial business
combination.

57

The
M&A Rules and certain other People’s Republic of China regulations establish complex procedures for some acquisitions of Chinese
companies by foreign investors, which could make it more difficult for us to pursue an acquisition in China.

The
M&A Rules and some other regulations and rules concerning mergers and acquisitions established additional procedures and requirements
that could make merger and acquisition activities by foreign investors more time-consuming and complex, including requirements in some
instances that MOFCOM be notified in advance of any change-of-control transaction in which a foreign investor takes control of a PRC
domestic enterprise. Moreover, the Anti-Monopoly Law requires that the MOFCOM shall be notified in advance of any concentration of undertaking
if certain thresholds are triggered. In addition, the security review rules issued by the MOFCOM that became effective in September 2011
specify that mergers