Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 225

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 225
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,      December 31,  
  Customer A                40                30  
  Customer B                12                11  
  Customer C                28                13  
  Customer E                12                 *  

Vendor concentration

For the years ended December 31, 2024, 2023
and 2022, the Company purchased products from the following vendors who charged over 10% of total cost of revenues for the relevant period,
which include both brand partners and product distributors who distribute products from certain brands to us. Vendors accounting for 10%
or more of the Company’s cost of revenues were as follows:

                For the Years Ended December 31,                                              
                                            2024              2023              2022          
 ──────────────────────────────────────────────────────────────────────────────────────────────
  Vendor A                                            46                37                28  
  Vendor B                                            27                28                21  
  Vendor C                                            *                 *                 17  

As of December 31, 2024 and 2023, accounts payable
due to the following vendors were over 10% of consolidated accounts payable. The details are as follows:

                December 31,      December 31,  
  Vendor D                42                16  
  Vendor E                29                69  
  Vendor F                15                10  
  Vendor G                10                 *  

  Less than 10%  

F-38

ABLE VIEW GLOBAL INC.

15. CONTINGENT
CONSIDERATION

In connection with the Business Combination, the
Company is obliged to make earn out payments to the management of the Company consisting of up to an additional1,600,000of the Company’s
Class B Ordinary Shares if the Company’s net revenues for the year ended December 31, 2023 is equal to or in excess of $170million,
and an additional1,600,000of the Company’s Class B Ordinary Shares if the Company’s net revenues for the year ended December
31, 2024 is equal to or in excess of $200million (“ Earn Out Shares”).

The Earn Out Shares are determined as contingent
consideration in connection with the reverse recapitalization. In addition, the issuance of Earn Out Shares does not meet any condition
to be classified as a liability under ASC 815, thus it should be classified as an equity financial instrument, and measure at fair value
using the quoted market price on