Company: AOAO
Filing Date: 2025-07-30
Form Type: S-1/A
Source: 0001641172-25-021532
Chunk: 18

Company: Alpha One Inc.
Filing Date: 2025-07-30
Form: S-1/A
Chunk 18
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Risk Factors — Risks Related to Doing Business in China — Chinese government may intervene
or influence our operations in accordance with laws and regulations, or may exert more control over offerings conducted overseas and/or
foreign investment in China-based issuers, which could result in a material change in our operations and/or the value of our shares”
and “Risk Factors — Risks Related to Doing Business in China —Any actions by the Chinese government
to exert more oversight and control over offerings that are conducted overseas and/or foreign investment in China-based issuers could
significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the value of such
securities to significantly decline or be worthless” on page 18, of this prospectus.

Cash Transfers and Dividend Distributions

Cash may be transferred within our organization in the following manners: (i) we may transfer funds to our PRC subsidiary by way of capital contributions or loans, through intermediate holding companies, such as our Hong Kong subsidiary; (ii) we or our intermediate holding company may provide loans to our PRC operating subsidiary directly and vice versa; and (iii) our PRC subsidiary may make dividends or other distributions to us through our intermediate holding subsidiaries.

We currently have not maintained any cash management policies that dictate the purpose, amount and procedures for cash transfers between the Company, our subsidiaries, or investors. Rather, the funds can be transferred in accordance with the applicable PRC laws and regulations. To the extent cash or assets in the business is in the PRC or a PRC entity, the funds or assets may not be available to fund operations or for other use outside of the PRC due to the imposition of restrictions and limitations on the ability of us or our subsidiaries by the PRC regulatory authority to transfer cash or assets. As of March 31, 2025 and 2024, our PRC operating subsidiary’s cash held in RMB were $614 (equivalent ot RMB4,461) and $383,682 (equivalent to RMB2,770,310) respectively.

Under existing PRC foreign exchange regulations, payment of current account item, such as profit distributions and trade and service-related foreign exchange transactions, can be made in foreign currencies without prior approval from the State Administration of Foreign Exchange, or the SAFE, by complying with certain procedural requirements. Therefore, our PRC subsidiary is able to pay dividends in foreign currencies to us without prior approval from SAFE, subject to the condition that the remittance of such dividends