Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 57

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 57
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 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.

The Trial Measures provide the CSRC with power
to warn, fine, and issue injunctions against both PRC domestic companies, their controlling shareholders, and their advisors in listing
or offering securities (collectively, the “ Subject Entities”), as well as individuals directly responsible for these Subject
Entities (the “ Subject Individuals”). For failure to comply with the Trial Measures Negative List or the Trial Measures Filing
Obligations, or materially false or misleading statements in the filing and reporting required by the Trial Measures: (1) PRC domestic
companies, and their controlling shareholders if the controlling shareholders induced the PRC domestic companies’ failure to comply,
severally, may face warnings, injunctions to comply, and fines between RMB 1 million and 10 million (approximately $137,000 and $1,370,000);
the Subject Individuals in these entities may severally, face warnings and fines between RMB 0.5 million and 5 million (approximately
$68,500 and $685,000). (2) Advisors in listing or offering securities that failed to dutifully advise the PRC domestic companies and their
controlling shareholders in complying with the Trial Measures and caused such failures to comply can face warnings and fines between RMB
0.5 million and 5 million (approximately $68,500 and $685,000); the Subject Individuals in these advisor entities may, severally, face
warnings and fines between RMB 0.2 million and 2 million (approximately $27,400 and $274,000).

Lastly, any actions by the Chinese government
to exert more oversight and control over transaction that are conducted overseas could significantly limit or completely hinder our ability
to complete our business combination transaction, delisting from the Nasdaq stock market even after listing and cause the value of such
securities to significantly decline or be worthless.

On February 24, 2023, the CSRC, the Ministry of
Finance, the National Administration of State Secrets Protection and the National Archives Administration jointly issued the Provisions
on Strengthening Confidentiality and Archives Administration of Overseas Securities Offering and Listing by Domestic Companies, or the
Confidentiality and Archives Provisions, which took effect from March 31, 2023. The Confidentiality