Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 124

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 124
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 business operations in China with little advance
notice, including cracking down on illegal activities in the securities market, enhancing supervision over China-based companies listed
overseas using variable interest entity structure, adopting new measures to extend the scope of cybersecurity reviews, and expanding
the efforts in anti-monopoly enforcement. Without relying on any opinions of counsel, we believe we are not subject to cybersecurity
review with the Cyberspace Administration of China, or CAC, given that: (i) our products and services are offered not directly to individual
users but through our institutional clients; (ii) we do not possess a large amount of personal information in our business operations;
and (iii) data processed in our business does not have a bearing on national security and thus may not be classified as core or important
data by the authorities. In addition, we believe that we are not subject to merger control review by China’s anti-monopoly enforcement
agency due to the level of our revenues which provided from us and audited by our auditor, and the fact that we currently do not expect
to propose or implement any acquisition of control of, or decisive influence over, any company with revenues within China of more than
RMB400 million. Since these statements and regulatory actions are new, it is highly uncertain how soon legislative or administrative
regulation making bodies will respond and what existing or new laws or regulations or detailed implementations and interpretations will
be modified or promulgated, if any, and the potential impact such modified or new laws and regulations will have on our daily business
operation, the ability to accept foreign investments and list our securities on an U.S. or other foreign exchange.

Although we believe we are currently not required to obtain approval from any of the PRC central or local government in connection with this offering, our operations may be adversely affected in the future, directly or indirectly, by existing or future relevant laws and regulations if the PRC government takes the view that its approval is required.

All of our operations are based
in Hong Kong. We may be subject to PRC laws relating to, among others, restrictions over foreign investments and data security. The Chinese
government has recently sought to exert more control and impose more restrictions on China-based companies raising capital offshore and
such efforts may continue or intensify in the future. The Chinese government’s exertion of more control over overseas listing of,
offerings conducted overseas by and/or foreign investment in China-based companies could retrospectively affect the Mergers and result
in a material change in our