Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 53

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 53
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 of the wholesale and retail of cosmetics is not prohibited or restricted by the 2024 Negative List that is currently effective
as of the date of this Report.

If in the future the Negative List does expand
to include the wholesale and retail of cosmetics into the restricted category of the foreign investment, the Negative List may set out
the shareholding limit for foreign investors to invest in a domestic company with the business of wholesale and retail of cosmetics, the
requirements on the nationality of senior executives or other special administrative measures for the entry of foreign investment in the
wholesale and retail of cosmetics. If the foreign investment is prohibited from the wholesale and retail of cosmetics, the foreign investors
cannot invest in the sector of the wholesale and retail of cosmetics. Any of such change may negatively influence the business operation
of Able View, force Able View to switch market focus, which may not be successfully, or cause our securities to significantly decline
in value or become worthless.

PRC regulations regarding acquisitions impose
significant regulatory approval and review requirements, which could make it more difficult for us to grow through acquisitions.

On August 8, 2006, six PRC regulatory agencies,
including the MOFCOM, the State-Owned Assets Supervision and Administration Commission, the State Taxation Administration of the PRC,
or the STA, the State Administration for Industry and Commerce of the PRC (currently known as SAMR), the CSRC, and the State Administration
of Foreign Exchange, or the SAFE, jointly promulgated the Rules on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors,
or the M& A Rules, which came into effect on September 8, 2006 and were latest amended on June 22, 2009.

The M& A Rules established additional procedures
and requirements that are expected to make merger and acquisition activities in China by foreign investors more time-consuming and complex,
including requirements in some instances that the MOFCOM be notified in advance of any change-of-control transaction in which a foreign
investor takes control of a PRC domestic enterprise. Moreover, the Rules of the MOFCOM on Implementation of Security Review System
of Mergers and Acquisitions of Domestic Enterprises by Foreign Investors, issued by the MOFCOM in August 2011, specify that mergers
and acquisitions by foreign investors that raise “national defense and security” concerns and mergers and acquisitions through
which foreign investors may acquire de facto control over domestic enterprises that raise “national security” concerns are
subject to strict review by