Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1140

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 11
Chunk 1140
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of “related party transactions.” A “related party transaction” is any consummated or proposed transaction or
series of transactions: (i) in which the company was or is to be a participant; (ii) the amount of which exceeds (or is reasonably expected
to exceed) the lesser of $120,000 or 1% of the average of the company’s total assets at year-end for the prior two completed fiscal
years in the aggregate over the duration of the transaction (without regard to profit or loss); and (iii) in which a “related party”
had, has or will have a direct or indirect material interest. “Related parties” under this policy include: (i) our directors,
nominees for director or executive officers; (ii) any record or beneficial owner of more than 5% of any Class of our voting securities;
(iii) any immediate family member of any of the foregoing if the foregoing person is a natural person; and (iv) any other person who
maybe a “related person” pursuant to Item 404 of Regulation S-K under the Exchange Act. Pursuant to the policy, the audit
committee will consider (i) the relevant facts and circumstances of each related party transaction, including if the transaction is on
terms comparable to those that could be obtained in arm’s-length dealings with an unrelated third party, (ii) the extent of the
related party’s interest in the transaction, (iii) whether the transaction contravenes our code of ethics or other policies, (iv)
whether the audit committee believes the relationship underlying the transaction to be in the best interests of the company and its shareholders
and (v) the effect that the transaction may have on a director’s status as an independent member of the board and on his or her
eligibility to serve on the board’s committees. Management will present to the audit committee each proposed related party transaction,
including all relevant facts and circumstances relating thereto. Under the policy, we may consummate related party transactions only
if our audit committee approves or ratifies the transaction in accordance with the guidelines set forth in the policy. The policy does
not permit any director or executive officer to participate in the discussion of, or decision concerning, a related person transaction
in which he or she is the related party.

87

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