Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 3

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 3
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, regulations, or interpretations
change such that we are required to obtain approval in the future, we may be subject to an investigation by competent regulators, fines
or penalties, or an order prohibiting us from conducting an offering, and these risks could result in a material adverse change in our
operations and the value of our ordinary shares, significantly limit or completely hinder our ability to offer or continue to offer securities
to investors, or cause such securities to significantly decline in value or become worthless.

CSRC Filing Requirements

On December 24, 2021, the China Securities Regulatory
Commission, or the “ CSRC”, published draft regulations (the “ Draft Rules”) on domestic enterprises issuing securities
and being listed overseas. The Draft Rules lay out specific filing requirements for overseas listing and offering by PRC domestic companies
and include unified regulation management and strengthening regulatory coordination. On February 17, 2023, the CSRC promulgated the Trial
Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies (the “ Trial Measures”), which took
effect on March 31, 2023. The Trial Measures supersede the Draft Rules and clarified and emphasized several aspects, which include but
are not limited to: (1) criteria to determine whether an issuer will be required to go through the filing procedures under the Trial Measures;
(2) exemptions from immediate filing requirements for issuers including those that have already been listed or registered but not yet
listed in foreign securities markets, including U. S. markets, prior to the effective date of the Trial Measures; (3) a negative list of
types of issuers banned from listing or offering overseas, such as issuers whose affiliates have been recently convicted of bribery and
corruption; (4) issuers’ compliance with web security, data security, and other national security laws and regulations; (5) issuers’
filing and reporting obligations, such as obligation to file with the CSRC after it submits an application for initial public offering
to overseas regulators, and obligation after offering or listing overseas to report to the CSRC material events including change of control
or voluntary or forced delisting of the issuer; and (6) the CSRC’s authority to fine both issuers and their shareholders for failure
to comply with the Trial Measures, including failure to comply with filing obligations or committing fraud and misrepresentation. Because
we are already publicly listed in the U. S., the Trial Measures do not impose additional regulatory burden on us beyond the obligation