Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 162

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 10
Chunk 162
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 investment proceeds
between qualified resident enterprises” is exempted income, and the implementing rules of the EIT Law refer to “dividends,
bonuses and other equity investment proceeds between qualified resident enterprises” as the investment proceeds obtained by a resident
enterprise from its direct investment in another resident enterprise.

If we are treated as a non-resident enterprise
under the EIT Law, any dividends that we receive (assuming such dividends are deemed to be sourced from within the PRC) (i) may be subject
to a five percent (5%) PRC withholding tax, and if the Arrangement between the Mainland of China and the Hong Kong Special Administrative
Region for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income(the “ Arrangement”)
is applicable, or (ii) if the Arrangement does not apply (i. e. the PRC tax authorities may deem us to be a conduit not entitled to treaty
benefits), may be subject to a ten percent (10%) PRC withholding tax. Similarly, if we are treated as a non-resident enterprise, and Renovation
is treated as a resident enterprise, then any dividends that we receive from Renovation (assuming such dividends were considered sourced
within the PRC) may be subject to a ten percent (10%) PRC withholding tax. Any such taxes on dividends could materially reduce the amount
of dividends, if any, that we could pay to our shareholders.

Finally, the new “resident enterprise”
classification could result in a situation in which a ten percent (10%) PRC tax is imposed on dividends we pay to our investors that are
non-resident enterprises so long as such non-resident enterprise investors do not have an establishment or place of business in China
or, despite the existence of such establishment of place of business in China, the relevant income is not effectively connected with such
establishment or place of business in China, to the extent that such dividends have their sources within the PRC. Similarly, any gain
realized on the transfer of our shares by such investors is also subject to a ten percent (10%) PRC income tax if such gain is regarded
as income derived from sources within China. In such event, we may be required to withhold a ten percent (10%) PRC tax on any dividends
paid to our investors that are non-resident enterprises. Our investors that are non-resident enterprises also may be responsible for paying
PRC tax at a rate of