Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 75

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 75
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The Data Protection Principles set out that (1) personal
data must be collected in a lawful and fair way, for a purpose directly related to a function or activity of the data user. Data subjects
must be notified of the purpose for which the data is to be used and the classes of persons to whom the data may be transferred. Data
collected should be adequate but not excessive; (2) personal data must be accurate and should not be kept for a period longer than
necessary for the fulfillment of the purpose for which the data is or is to be used; (3) personal data must be used for the purpose
for which the data is collected or for a directly related purpose unless voluntary and explicit consent with a new purpose is obtained
from the data subject; (4) a data user shall take practicable steps to safeguard any personal data held against unauthorized or accidental
access, processing, erasure, loss or use; (5) a data user shall take practicable steps to ensure that its policies and practices
in relation to personal data, the kind of personal data it holds and the main purposes for which the personal data is or is to be used
for are made known to the public; and (6) a data user shall be entitled to request access to personal data and must be allowed to
correct the personal data if it is inaccurate.

Moreover, the Personal Data (Privacy) (Amendment)
Ordinance 2021 (the “ PDPAO”) came into effect on October 8, 2021. It amends the PDPO, particularly to: (i) criminalize
doxing, i. e. unconsented disclosure of personal information of targeted individuals and groups; (ii) introduce a cessation notice
regime to tackle doxing with extra-territorial reach; and (iii) substantially expand the investigation and enforcement powers of
the Privacy Commissioner for Personal Data, in contexts beyond doxing.

Our directors are of the view that Able View is
in compliance with the PDPO and the PDPAO, for the following reasons: (i) using our products and services which do not require providing
users’ personal information and (ii) we possess minimum amount, if not none of the personal information in our business operations.
Nonetheless, we are subject to laws and regulations relating to the collection, storage, use, processing, transmission, retention, security
and transfer of personal information and other data. The interpretation and application of laws, regulations and standards on data