Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 86

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4
Chunk 86
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 certain of the informational
filing requirements of the Exchange Act. Since the Company is a “foreign private issuer”, the officers, directors and principal
shareholders of the Company are exempt from the reporting and “short-swing” profit recovery provisions contained in Section
16 of the Exchange Act with respect to their purchase and sale of Class B Ordinary Shares. In addition, the Company is not required to
file reports and financial statements with the SEC as frequently or as promptly as U. S. public companies whose securities are registered
under the Exchange Act. However, the Company is required to file with the SEC an annual report on Form 20-F containing financial statements
audited by an independent accounting firm. On July 5, 2023, the Company and HMAC furnished to its shareholders a proxy statement/prospectus
relating to the Business Combination. The SEC also maintains a website at http://www. sec. gov that contains reports and other information
that the Company files with or furnishes electronically to the SEC.

B. Business Overview

Prior to the Business Combination, the Company
did not conduct any material activities other than those incidental to its formation and the matters contemplated by the Business Combination
Agreement, such as the making of certain required securities law filings and the establishment of merger subsidiaries. Upon the Closing,
the Company became the direct parent of Target, and conducts its business through Target and Target’s subsidiaries. Unless the context
otherwise requires, references in this section to “we”, “us”, “our”, “ Company” and similar
first-person references are intended to mean the business and operations of Able View and its consolidated subsidiaries taken as a whole.

Overview of Able View

Able View is one of the largest comprehensive
brand management partners of international beauty and personal care brands in China. The Company enjoys a market share of 16.5% in beauty
and personal care cross-border brand management and a market share of 38.1% in functional beauty and personal care brand management in
2022, as measured by gross merchandise value (GMV), according to the Additional Independent Market Research Report by iResearch Co., Ltd.
dated February 13, 2023. (the “iResearch Report”). To purchase from global brand owners and conduct sales in China, Able
View’s comprehensive brand management capabilities encompass all segments of the brand management value chain, including strategy,
branding, digital and social marketing, omni-channel sales, customer service, overseas logistics, warehouse and fulfilment. The Company’s