Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 77

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 77
---
’s Republic of China (“ Basic Law”), national laws of the Mainland China do not apply
in Hong Kong unless they are listed in Annex III of the Basic Law and applied locally by promulgation or local legislation. National laws
that may be listed in Annex III are currently limited under the Basic Law to those which fall within the scope of defense and foreign
affairs as well as other matters outside the limits of the autonomy of Hong Kong. Therefore, laws and regulations of mainland China relating
to data protection, cybersecurity review and the anti-monopoly have not been listed in Annex III and so do not apply directly to Hong
Kong.

However, due to long arm provisions under the
current Mainland China laws and regulations, there remains regulatory and legal uncertainty with respect to the implementation of laws
and regulations of Mainland China to Hong Kong. As a result, there is no guarantee that the PRC government may not choose to implement
the laws of the Mainland China to Hong Kong and exercise significant direct influence and discretion over Hong Kong subsidiary of Able
View in the future and, it will not have a material adverse impact on our business, financial condition and results of operations, due
to changes in laws, political environment or other unforeseeable reasons.

In the event that the Hong Kong subsidiary of
Able View were to become subject to laws and regulations of Mainland China, the legal and operational risks associated in Mainland China
may also apply to our operations in Hong Kong, and we face the risks and uncertainties associated with the legal system in the Mainland
China, complex and evolving Mainland China laws and regulation, and as to whether and how the recent PRC government statements and regulatory
developments, such as those relating to data and cyberspace security and anti-monopoly concerns, would be applicable to Hong Kong subsidiary
of Able View.

Risks Related to Ownership of our Securities

Payment of dividends is subject to restrictions
under PRC Laws. There is no assurance whether and when we will pay dividends.

Under applicable PRC Laws, dividends may be paid
only out of distributable profits. Distributable profits mean, as determined under PRC GAAP or U. S. GAAP, whichever is lower, our
net profits for a period, plus the distributable profits or net of the accumulated losses, if any, at the beginning of such period, less
appropriations to transaction risk reserve, statutory surplus reserve (determined under PRC GAAP) and discretionary surplus reserve (as