Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 74

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 74
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 addition, the workers, pursuant to the outsource service agreements executed by and between our PRC Operating
Entities and the human resources company, will work at the office of these PRC Operating Entities, receive tasks directly from the management,
and be paid social insurance by the PRC Operating Entities. Therefore, in practice, these PRC Operating Entities may be deemed by the
competent labor administrative authorities as using the labor force in the form of labor dispatch. If the outsourced services used by
any of our PRC Operating Entities is regarded as labor dispatch in the future, the number of such workers of that PRC Operating Entity
employed would exceed the legally permitted number of labor dispatch worker a company may use. We may be required to reduce the number
of outsourced service persons used to be compliant with the legal requirements, otherwise, we may be subject to fines by relevant labor
administrative authorities, and we may be fined again for the same reason if such labor authority finds out that the Company commits the
same non-compliance subsequently. If we cannot convert certain outsourced employees into employees to gain compliance in a timely manner,
our business operations and financial conditions may be adversely affected.

Risks Related to Doing Business in Hong Kong

Able View is subject to a variety of laws
and other obligations, including cybersecurity, data protection or anti-monopoly. Any failure to comply with applicable laws and obligations
could have a material and adverse effect on our business, financial condition and results of operations.

Able View is subject to a variety of laws and
other obligations regarding data protection in Hong Kong. The Personal Data (Privacy) Ordinance (Chapter 486 of the Laws of
Hong Kong) (the “ PDPO”) came into force on December 20, 1996. The PDPO states that any person who controls the collection,
holding, processing or use of personal data (the “data user”) shall not do any act, or engage in a practice, that contravenes
any of the data protection principles set out in Schedule 1 to the PDPO (the “ Data Protection Principles”) unless the
act or practice, as the case may be, is required or permitted under the PDPO. Personal data means any data (a) relating directly
or indirectly to a living individual; (b) from which it is practicable for the identity of the individual to be directly or indirectly
ascertained; and (c) in a form in which access to or processing of the data is practicable