Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 17

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 17
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 approximately $40.5 million as of the same date. This short term
indebtedness includes short term borrowings from banks, financial institutions, third parties and related parties.

During the year ended December 31, 2024 and 2023
and 2022, the Company entered into one loan agreement with a bank, pursuant to which the Company borrowed $33.4 million, $48.4 million
and $57.1 million, respectively, with maturity dates due through August 2025. The borrowing bore interest rates ranging between 3.5%
and 7.0% per annum. For the year ended December 31, 2024, 2023 and 2022, the Company repaid borrowings of $32.3 million, $53.0 million
and $50.6 million, respectively.

During the year ended December 31, 2024, the Company
entered into one additional loan agreement with another bank, pursuant to which the Company borrowed $4.9 million with maturity dates
due through May 2025. The borrowing bore interest rate ranging between 6.0% and 6.1% per annum. The Company did not repay the balance
as of the date of this report.

During the year ended December 31, 2023, the Company
entered into one additional loan agreement with another bank, pursuant to which the Company borrowed $0.3 million with maturity dates
due through March 2024. The borrowing bore interest rate of 4.0% per annum. The Company repaid the borrowing of $0.3 million on due date.

During the years ended December 31, 2023 and 2022, the Company
entered into certain loan agreements with certain financial institutions, pursuant to which the Company borrowed $9.5 million and $28.5
million, respectively, from these financial institutions with maturity dates through March 2024. The borrowings bore interest rates of
7.5% per annum. For the year ended December 31, 2024, the Company did not borrow from financial institutions. For the years ended
December 31, 2024, 2023 and 2022, the Company repaid borrowings of $0.7 million, $17.9 million and $22.1 million, respectively.

Our substantial level of indebtedness could have
important consequences, including the following:

  we must use a substantial portion of our cash flow from operations