Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 20

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 20
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1)                   |     |                 | - |     |      | - |     |                      | - |     |      | - |
| Loans                                                                    
 from us to our offshore subsidiaries                                     |     |                 | - |     |      | - |     |                      | - |     |      | - |
| Capital                                                                  
 contributions from our offshore subsidiaries to PRC operating subsidiary |     |                 | - |     |      | - |     |                      | - |     |      | - |
| Loans                                                                    
 from our PRC operating subsidiaries to our offshore subsidiaries         |     |                 | - |     |      | - |     |                      | - |     |      | - |
| Other                                                                    
 amounts paid by our WFOE on our behalf of our offshore subsidiaries (2)  |     |                 | - |     |      | - |     |                      | - |     |      | - |

| (1) | “Offshore                                                                        
 subsidiaries” refer to all of our subsidiaries except our PRC subsidiary.        |
| (2) | Cash                                                                             
 paid by our PRC operating subsidiary to our Hong Kong subsidiaries for expenses. |

As of the date of this prospectus, our Wyoming
holding company Alpha One Inc., has not declared or paid dividends, made distributions, or transferred assets to its subsidiaries
in the past, nor have any dividends, distributions or asset transfers been made by any our PRC Subsidiaries to Zhongyun HK, Zhongyun
BVI or the Wyoming holding company. For the years ended March 31, 2024 and 2023 and for the six months ended September 30, 2024
and 2023, there was no cash transfer among our Wyoming holding company, Zhongyun BVI, Zhongyun HK and our PRC Subsidiary. Wyoming holding
company’s expenses paid by the solely director Shuhua Liu for the years ended March 31, 2024 and 2023 and for the six
months ended September 30, 2024 and 2023. We do not have any current plan to declare or pay any cash dividends on our ordinary shares in the foreseeable future
after this offering.

Permission Required from the PRC Authorities with respect to Operations and Securities Listing

As of the date of this prospectus, we and our PRC subsidiary have received all requisite permits, approvals and certificates from the PRC government authorities to conduct our business operations in China, and no