Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1586

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1586
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 holds the personal information of more than one million users when it intends to seek a foreign listing. Upon receipt of an application,
if the CRO decides to conduct a review, the CRO will complete a preliminary review and send recommendations to a designated body of members
of the network security review mechanism and certain government departments for further consideration. The CSRC has been added in the
2021 Measures to the list of mainland Chinese authorities that are to be involved in formulating the national network security review
mechanism. This means that the CSRC can instruct the CRO to obtain approval from the Central Cyberspace Affairs Commission to conduct
a cybersecurity review of any proposed foreign public offering of a mainland Chinese operator where the capital markets regulator considers
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