Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 677

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7A
Chunk 677
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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
    and reviewing a report, at least annually, from the independent auditors describing (i) the independent auditor’s internal
    quality-control procedures and (ii) any material issues raised by the most recent internal quality-control review, or peer review,
    of the audit firm, or by any inquiry or investigation by governmental or professional authorities within the preceding five years
    respecting one or more independent audits carried out by the firm and any steps taken to deal with such issues;

    ●
    reviewing
    and approving any related party transaction required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC
    prior to us entering into such transaction; and

    ●
    reviewing
    with management, the independent auditors, and our legal advisors, as appropriate, any legal, regulatory or compliance matters, including
    any correspondence with regulators or government agencies and any employee complaints or published reports that raise material issues
    regarding our financial statements or accounting policies and any significant changes in accounting standards or rules promulgated
    by the Financial Accounting Standards Board, the SEC or other regulatory authorities.

Comp