Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 35

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 35
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 of cyber products
and services by critical information infrastructure operators and the network platform operators engaging in data processing activities
that affects or may affect national security should be subject to the cybersecurity review by the Cybersecurity Review Office, the department
which is responsible for the implementation of cybersecurity review under the CAC; (ii) network platform operators with personal
information data of more than one million users are obliged to apply for a cybersecurity review by the Cybersecurity Review Office before
listing abroad; and (iii) relevant governmental authorities in the PRC may initiate cybersecurity review if they determine the relevant
network products or services or data processing activities affect or may affect national security.

Based on the understanding of Company’s
corporate compliance team, we are not subject to mandatory cybersecurity review, since we (i) are not a network platform operator engaging
in data processing activities that affect or may affect national security; (ii) are not a critical information infrastructure operator
purchasing cyber products or services that affect or may affect national security; (iii) are not a network platform operator with personal
information data of more than one million users. Therefore, we do not need to obtain any permission or approval from the CAC for the listing
of our securities in accordance with the New Measures for Cyber Security Review. However, PRC governmental authorities have broad discretion
in interpreting and implementing statutory provisions and there remains significant uncertainty on the interpretation and enforcement
of relevant PRC cybersecurity laws and regulations. In particular, due to lack of details on the implementation of the Cybersecurity Law
and the New Measures for Cyber Security Review, we cannot assure you that we would be able to comply with the requirements in a timely
manner, or whether we should be deemed subject to it. Failure to comply with the requirements may lead to fines, revocation of business
permits or licenses and other sanctions.

National laws adopted by the PRC are not applicable
in Hong Kong, except for those listed in Annex III to the Basic Law. Further, there is no legislation stating that the laws in Hong Kong
should commensurate with those in the PRC. With regard to the potential regulatory actions related to data security in Hong Kong, please
refer to our disclosures in “ Risk Factors - Risks Related to Doing Business in Hong Kong - We
may be subject to a variety of laws and other obligations regarding cybersecurity, data protection or anti-monopoly, and any failure to
comply with applicable laws and obligations could have a material and adverse effect on our business, financial