Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 118

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 118
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 the transferred, Shuhua Liu and her spouse directly and indirectly held total 56,800,775 shares, or 66.646%
of outstanding shares.

| F-19 |

<div align='center'>Alpha One Inc. and Subsidiaries

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF SEPTEMBER 30, 2024 AND MARCH 31, 2024</div>

|                                                                                                                              |     | September  
 30, 2024   |            |   |     | March    
 31, 2024 |            |   |
|:-----------------------------------------------------------------------------------------------------------------------------|:----|:-----------|-----------:|:--|:----|:---------|-----------:|:--|
|                                                                                                                              |     | -Unaudited |            |   |     |          |            |   |
| Assets                                                                                                                       |     |            |            |   |     |          |            |   |
| Current assets                                                                                                               |     |            |            |   |     |          |            |   |
| Cash and cash equivalents                                                                                                    |     | $          |      3,225 |   |     | $        |    383,682 |   |
| Accounts receivable, net                                                                                                     |     |            |  9,632,028 |   |     |          |  9,746,035 |   |
| Prepayments and other receivables, net                                                                                       |     |            |  1,706,841 |   |     |          |  1,149,225 |   |
| Due from related party                                                                                                       |     |            |    150,708 |   |     |          |    310,010 |   |
| Total current assets                                                                                                         |     |            | 11,492,802 |   |     |          | 11,588,952 |   |
| Non-current assets                                                                                                           |     |            |            |   |     |          |            |   |
| Operating lease right-of-use assets                                                                                          |     |            |      1,255 |   |     |          |      8,542 |   |
| Property and equipment, net                                                                                                  |     |            |    125,658 |   |     |          |    136,263 |   |
| Deferred tax assets                                                                                                          |     |            |     94,036 |   |     |          |     49,