Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 125

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 125
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 price of the Class B Ordinary Shares, we are unlikely
to receive significant proceeds from exercises of the Pubco Warrants in the near future. If we need to obtain external financing, we cannot
assure you that financing will be available in amounts or on terms acceptable to us, if at all. Our future liquidity needs and other business
reasons could require us to sell additional equity or debt securities or obtain a credit facility. The sale of additional equity or equity-linked
securities could result in additional dilution to our shareholders. The incurrence of additional indebtedness would result in increased
debt service obligations and operating and financing covenants that would restrict our operations.

We believe that our current cash and cash equivalents
and our anticipated cash flows from operations will be sufficient to meet our anticipated working capital requirements and capital expenditures
for the next 12 months. If we determine that our cash requirements exceed the amount of cash and cash equivalents we have on hand at the
time, we may seek to issue equity or debt securities or obtain credit facilities. The issuance and sale of additional equity would result
in further dilution to our shareholders. The incurrence of indebtedness would result in increased fixed obligations and could result in
operating covenants that might restrict our operations. We cannot assure you that financing will be available in amounts or on terms acceptable
to us, if at all.

For the years ended December 31, 2024,
2023 and 2022, 19%, 22% and 27% of our revenues have been in the form of Renminbi. We expect a material portion of revenues to continue
to be in the form of Renminbi. Under existing PRC foreign exchange regulations, payments of current account items, including profit distributions,
interest payments and trade and service-related foreign exchange transactions, can be made in foreign currencies without prior SAFE
approval as long as certain routine procedural requirements are fulfilled. Therefore, our PRC Operating Entities are allowed to pay dividends
in foreign currencies to us without prior SAFE approval by following certain routine procedural requirements. However, current PRC regulations
permit our PRC Operating Entities to pay dividends to us only out of its accumulated profits, if any, determined in accordance with Chinese
accounting standards and regulations. Our PRC Operating Entities are required to set aside at least 10% of its after-tax profits
after making up previous years’ accumulated losses each year, if any, to fund certain reserve funds until the total amount
set aside reaches