Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 27

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 27
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 covering internet information services rendered through mobile network, or an ICP License. In addition, according to
the Telecommunication Catalog and other MIIT rules, operating a marketplace platform that connects sellers and buyers is categorized as
online data processing and transaction processing services, and therefore such service providers are required to obtain a VAT License
covering online data processing and transaction processing services. Given that the current business conducted by our PRC Operating Entities
does not involve in operating a marketplace platform or providing any services concerning online data processing and transaction processing,
we are not required to obtain the VAT License or ICP License. However, we cannot assure you that our current business activities will
not be required to obtain such licenses in the future due to changes in the relevant MIIT laws and regulations or the authorities’
interpretation of these laws and regulations. With the expansion of our business in the future, we may be required to obtain other required
licenses or expand the current scope of the licenses we hold to cover internet information services rendered through mobile networks or
to cover other scopes such as online data processing and transaction processing service (in addition to operational e-commerce) that may
be required by the government authorities from time to time.

Our business as operated by our Hong Kong subsidiaries
is also subject to supervision and regulation by relevant government authorities in Hong Kong, including without limitation the Companies
Registry and Business Registration Office, which, among other things, require us to complete certain registrations and to obtain various
licenses and permits for our operations. As of the date of this Report, our Hong Kong subsidiaries is not required to obtain any special
licenses and permits other than certificates of incorporation and business registration certificates, which are basic corporate documents
for each company. While we currently hold all licenses and permits required for our business operation in Hong Kong, we cannot assure
you that we will be able to renew these licenses and permits upon their expiration or to expand the current business scope of these licenses
and permits when required, obtain any license or permit that is in application, or obtain new licenses or permits in the future as a result
of our business expansion, change in our business operations or change in laws and regulations applicable to us.

If we fail to adapt to any new regulatory requirement
or any competent government authority considers that we operate our business operation without any requisite license, permit or approval,
or otherwise fail to comply with applicable regulatory requirements, we may be subject to administrative actions and penalties, including
fines, confiscation of our incomes, revocation of our licenses or