Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 56

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 56
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 Draft Rules and clarified and emphasized several aspects, which include
but are not limited to: (1) comprehensive determination of the “indirect overseas offering and listing by PRC domestic companies”
in compliance with the principle of “substance over form” and particularly, an issuer will be required to go through the filing
procedures under the Trial Measures if the following criteria are met at the same time: a) 50% or more of the issuer’s operating
revenue, total profit, total assets or net assets as documented in its audited consolidated financial statements for the most recent accounting
year is accounted for by PRC domestic companies, and b) the main parts of the issuer’s business activities are conducted in mainland
China, or its main places of business are located in mainland China, or the senior managers in charge of its business operation and management
are mostly Chinese citizens or domiciled in mainland China; (2) exemptions from immediate filing requirements for issuers that a) 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, and b) are not required to re-perform the regulatory procedures with the relevant overseas regulatory authority
or the overseas stock exchange, and c) whose such overseas securities offering or listing shall be completed before September 30, 2023,
provided however that such issuers shall carry out filing procedures as required if they conduct refinancing or are involved in other
circumstances that require filing with the CSRC, specifically, future securities offerings in an overseas stock exchange where the company
has previously offered and listed shall be filed with the CSRC based on the Trial Measures within three working days after the offering
is completed.; (3) a negative list (the “ Trial Measures Negative List”) of types of issuers banned from listing or offering
overseas, including but not limited to (a) issuers whose listing or offering overseas have been recognized by the State Council of the
PRC as possible threats to national security, (b) issuers whose affiliates have been recently convicted of bribery and corruption, (c)
issuers under ongoing criminal investigations, and (d) issuers under major disputes regarding equity ownership; (4) issuers’ compliance
with web security, data security, and other national security laws and regulations; and (5) issuers’ filing and reporting obligations
(the “ Trial Measures Filing Obligations”), such as obligation to file with the