Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 114

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 114
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 of assessment 2018/2019. Before that, the applicable tax rate was 16.5% for corporations in
Hong Kong.

PRC

Weitong, Beijing Jingyuan, Shanghai Jingyue, Shanghai
Jinglu, Shanghai Jingnan, Zhejiang Jingxiu and CSS Shanghai are subject to PRC Corporate Income Tax (“ CIT”) on the taxable
income in accordance with the relevant PRC income tax laws. Effective from January 1, 2008, the PRC’s statutory, Enterprise
Income Tax (“ EIT”) rate is 25%.

Beijing Jingyuan, Shanghai Jingnan, Zhejiang Jingxiu and CSS Shanghai
are qualified as small and micro-sized enterprises (“ SMEs”) in the year ended December 31, 2024. In accordance with the implementation
rules of EIT Law, SMEs are entitled to a reduced EIT rate of 20%, 87.5% reduction of taxable income for the first RMB1,000,000 taxable
income and 75% reduction of taxable income between RMB 1,000,000 and RMB 3,000,000, and no reduction for the remaining taxable income
for the year ended December 31, 2022. SMEs are entitled to a reduced EIT rate of 20%, 75% reduction of taxable income for the first
RMB3,000,000 taxable income, and no reduction for the remaining taxable income for the year ended December 31, 2024 and 2023.

Results of Operations

For the years ended December 31, 2024 and 2023

The following table sets forth a summary of our
consolidated results of operations for the years ended December 31, 2024 and 2023. This information should be read together with
our consolidated financial statements and related notes included elsewhere herein. The operating results in any period are not necessarily
indicative of the results that may be expected for any future period.

                                                     For the Years Ended                                                    Changes                             
                                                     December 31,                                                                                               
                                                     2024                                       2023                        Amount                              
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenues                                           $                         128,932,647      $          148,999,819      $            (20,067,172       (13  
  Cost of revenues                                                            (117,128,178