Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 189

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 189
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 VIEW GLOBAL INC.

2. SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES(cont.)

Foreign currency
translation (cont.)

Translation of amounts from HKD, SGD and RMB into
US$ has been made at the following exchange rates for the respective periods:

                                                                             December 31,      December 31,  
  HKD exchange rate for balance sheet items, except for equity accounts            7.7677            7.8109  
  SGD exchange rate for balance sheet items, except for equity accounts            1.3662            1.3193  
  RMB exchange rate for balance sheet items, except for equity accounts            7.2993            7.0999  

                                                                                                                                 For the Years Ended December 31,                                                          
                                                                                                                                                             2024                  2023                  2022              
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  HKD exchange rate for items in the statements of operations and comprehensive (loss) income, and statements of cash flows                                            7.8030                7.8292                7.8306  
  SGD exchange rate for items in the statements of operations and comprehensive (loss) income, and statements of cash flows                                            1.3363                1.3428                n/a     
  RMB exchange rate for items in the statements of operations and comprehensive (loss) income, and statements of cash flows                                            7.1957                7.0809                6.7290  

No representation is made that the HKD, SGD and
RMB amounts could have been, or could be, converted into U. S. dollars at the rates used in translation.

Fair value
of financial instruments

The Company’s financial instruments are
accounted for at fair value on a recurring basis. Fair value is defined as the price that would be received to sell an asset or paid to
transfer a liability in an orderly transaction between market participants at the measurement date. The three levels of the fair value
hierarchy are described below:

  Level 1 —      inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.  

  Level 2 —      inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or in...  

  Level 3 —      inputs to