Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 117

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 117
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(1) Software and leasehold
improvement paid by Shenzhen Zhongyun Project Management Software Co., Ltd on behalf of the Company.

(2) Loan from Shenzhen Zhongyun
Information Technology Co., Ltd for working capital purpose.

(3) Loan from director Shuhua
Liu for working capital purpose.

(4) Loan from Alpha Culture
Education Consulting (Shenzhen) Co., Ltd for working capital purpose.

(5) Loan from Shenzhen Zhongyun
Holding Investment Group Co., Ltd for working capital purpose.

(6) Loan from Chief Financial
Officer Ms. Hongyan Li for for working capital purpose.

(7) Expenses paid by Yanxiong
Wei on behalf of the Company.

Amounts due to related parties (non-current) as
of March 31, 2025 and 2024 are as follows:

|            |     | As of March 31 
 2025           |         |     | 2024 |   |
|:-----------|:----|:---------------|--------:|:----|:-----|:--|
| Hongyan Li |     | $              | 206,594 |     | $    | - |
|            |     | $              | 206,594 |     | $    | - |

On June 8, 2023, the Company entered into a loan
agreement with its Chief Financial Officer Ms. Hongyan Li to obtain funds for daily operation. The loan amount was RMB 1.5 million (approximately
US$206,594) for ten years ending June 7, 2033. The loan is non-interest bearing and has no fixed term.

| F-17 |

Cost of revenues from related parties during the years ended March 31, 2025 and 2024 is as follows:

|                                                              |     | For the years ended March 31, 
 2025                          |   |     | 2024 |     |
|:-------------------------------------------------------------|:----|:------------------------------|:--|:----|:-----|----:|
| Shenzhen Zhongyun Information Technology Co., Ltd            |     | $                             | - |     | $    |   - |
| Shenzhen Zhongyun Electronic Intelligent Technology Co., Ltd |     |                               | - |     |      |   - |
| Shenzhen Nanshan District Zhongyun Computer Development      
 Center                                                       |     |                               | - |     |      |