Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 20

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 20
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 our PRC operating subsidiary to our Hong Kong subsidiaries for expenses. |

As of the date of this prospectus, our Wyoming holding
company Alpha One Inc., has not declared or paid dividends, made distributions, or transferred assets to its subsidiaries in the past,
nor have any dividends, distributions or asset transfers been made by any our PRC Subsidiaries to Zhongyun HK, Zhongyun BVI or the Wyoming
holding company. For the years ended March 31, 2025 and 2024 and for the three months ended June 30, 2025 and 2024, there
was no cash transfer among our Wyoming holding company, Zhongyun BVI, Zhongyun HK and our PRC Subsidiary. Wyoming holding company’s
expenses paid by the solely director Shuhua Liu for the years ended March 31, 2025 and 2024 and for the three months ended June
30, 2025 and 2024. We do not have any current plan to declare or pay any cash dividends on our ordinary shares in the foreseeable
future after this offering.

Permission Required from the PRC Authorities with respect to Operations and Securities Listing

As of the date of this prospectus, we and our PRC subsidiary have received all requisite permits, approvals and certificates from the PRC government authorities to conduct our business operations in China, and no permission or approval has been denied or revoked.

As an enterprise engaged in intelligent product sales and telecommunication engineering services business, our PRC subsidiary is not operating in an industry that prohibits or limits foreign investment. We and our PRC subsidiary are not required to obtain permissions from the CSRC, the CAC or any other PRC authorities to operate, other than the permits and approvals our PRC subsidiary have already received. However, if we or our subsidiary do not receive or maintain required permissions or approvals, inadvertently conclude that such permissions or approvals are not required, or applicable laws, regulations, or interpretations change such that we are required to obtain such permissions or approvals in the future, we may be subject to governmental investigations or enforcement actions, fines, penalties, suspension of operations, or be prohibited from engaging in relevant business or conducting securities offering, and these risks could result in a material adverse change in our operations, significantly limit or completely hinder our ability to offer or continue to offer securities to investors, or cause such securities to significantly decline in value or become worthless.

Our PRC subsidiaries are required to obtain certain permits and licenses from the PRC