Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 876

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9A
Chunk 876
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Our
officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms
of office. Our board of directors is authorized to appoint persons to the offices set forth in our Third Amended and Restated Memorandum
and Articles of Association as it deems appropriate. Our Third Amended and Restated Memorandum and Articles of Association provide that
our officers may consist of one or more Chairmen of the Board, one or more Chief Executive Officers, a President, a Chief Financial Officer,
Vice Presidents, Secretary, Treasurer, Assistant Secretary, and such other offices as may be determined by the board of directors.

77

Director
Independence

NASDAQ
listing standards require that a majority of our board of directors be independent. An “independent director” is defined
generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship
which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment
in carrying out the responsibilities of a director. Our board of directors has determined that each of Li Wei, Wen He and Michael L.
Coyne are “independent directors” as defined in the NASDAQ listing standards and applicable SEC rules. Our audit committee
is entirely composed of independent directors meeting NASDAQ’s additional requirements applicable to members of the audit committee.
Our independent directors will have regularly scheduled meetings at which only independent directors are present.

Officer
and Director Compensation

None
of our officers or directors has received any cash compensation for services rendered to us. Other than as described above and elsewhere
in this 10-K, no compensation of any kind, including finder’s and consulting fees, will be paid to our founders or any of their
respective affiliates, for services rendered prior to or in connection with the completion of our initial business combination although
we may consider cash or other compensation to officers or advisors we may hire to be paid either prior to or in connection with our initial
business combination. In addition, our officers, directors or any of their respective affiliates will be reimbursed for any out-of-pocket
expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence
on suitable business combinations. Our audit committee will review on a quarterly basis all payments that were made to our founders or
their affiliates.

After
the completion of our initial business combination, directors or members of our management team who remain with us