Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 51

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 51
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 when charging consumers guarantee deposits as agreed thereby, to explicitly indicate how and under what procedures consumers may have
the guarantee deposits refunded, and not to impose any unjustifiable conditions on the refund of guarantee deposits. Failure to comply
with the relatively new regulatory requirements may have a material adverse impact on our business and results of operations. As no detailed
interpretation and implementation rules have been promulgated, it remains uncertain how the newly adopted E-Commerce Law will be
interpreted and implemented. We cannot assure you that our current business operations satisfy the obligations provided under the E-Commerce
Law in all respects. If the PRC governmental authorities determine that we are not in compliance with all the requirements proposed under
the E-Commerce Law, we may be subject to fines and/or other sanctions.

Substantial uncertainties exist with respect
to the interpretation and implementation of the PRC Foreign Investment Law and how it may impact the viability of our current corporate
structure, corporate governance and business operations.

On March 15, 2019, the National People’s
Congress approved the PRC Foreign Investment Law, which took effect on January 1, 2020 and replaced three existing laws on foreign
investments in China, namely, the PRC Equity Joint Venture Law, the PRC Cooperative Joint Venture Lawand the PRC Wholly Foreign-owned
Enterprise Law, together with their implementation rules and ancillary regulations. The PRC Foreign Investment Law embodies an expected
PRC regulatory trend to rationalize its foreign investment regulatory regime in line with prevailing international practice and the legislative
efforts to unify the corporate legal requirements for both foreign and domestic invested enterprises in China. The PRC Foreign Investment
Law establishes the basic framework for the access to, and the promotion, protection and administration of foreign investments in view
of investment protection and fair competition.

According to the PRC Foreign Investment Law, “foreign
investment” refers to investment activities directly or indirectly conducted by one or more natural persons, business entities,
or otherwise organizations of a foreign country (collectively referred to as “foreign investor”) within China, and the investment
activities include the following situations: (i) a foreign investor, individually or collectively with other investors, establishes
a foreign-invested enterprise within China; (ii) a foreign investor acquires stock shares, equity shares, shares in assets, or other
like rights and interests of an enterprise within China; (iii) a foreign investor, individually or collectively with other investors,
invests in a new project within China; and