Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1825

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1825
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Following
a Business Combination, to the extent we deem it necessary, we may seek to recruit additional managers to supplement the incumbent management
team of the target business. We cannot assure you that we will have the ability to recruit additional managers, or that additional managers
will have the requisite skills, knowledge or experience necessary to enhance the incumbent management.

Committees
of the Board of Directors

Our
board of directors has two standing committees: an audit committee and a compensation committee. Subject to phase-in rules and a limited
exception, the rules of NASDAQ and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely
of independent directors, and the rules of NASDAQ require that the compensation committee of a listed company be comprised solely of
independent directors.

Audit
Committee

We
have established an audit committee of the board of directors. Li Wei, Wen He and Michael L. Coyne serve as members of our audit committee,
with Li Wei serving as the Chairwoman of the audit committee. Under the NASDAQ listing standards and applicable SEC rules, we are required
to have at least three members of the audit committee, all of whom must be independent, subject to certain phase-in provisions. Each
such person meets the independent director standard under NASDAQ listing standards and under Rule 10-A-3(b)(1) of the Exchange Act.

78

Each
member of the audit committee is financially literate and our board of directors has determined that Li Wei qualifies as an “audit
committee financial expert” as defined in applicable SEC rules.

We
adopted an audit committee charter, which details the principal functions of the audit committee, including:

    ●
    the
    appointment, compensation, retention, replacement, and oversight of the work of the independent auditors and any other independent
    registered public accounting firm engaged by us;

    ●
    pre-approving
    all audit and permitted non-audit services to be provided by the independent auditors or any other registered public accounting firm
    engaged by us, and establishing pre-approval policies and procedures;

    ●
    reviewing
    and discussing with the independent auditors all relationships the auditors have with us in order to evaluate their continued independence;

    ●
    setting
    clear hiring policies for employees or former employees of the independent auditors;

    ●
    setting
    clear policies for audit partner rotation in compliance with applicable laws and regulations;

    ●
    obtaining