Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 26

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 26
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which would materially and adversely affect our business operations and financial results.

Any lack of requisite approvals, licenses
or permits applicable to our business or failure to comply with PRC Laws and regulations may have a material and adverse impact on our
business, financial condition and results of operations.

Our mainland China subsidiaries are subject to
supervision and regulation by relevant PRC government authorities, including without limitation the Ministry of the Commerce, or the MOFCOM,
the Ministry of Industry and Information Technology, or the MIIT, the State Administration for Market Regulation, or the SAMR and National
Medical Products Administration. These government authorities promulgate and enforce regulations that cover many aspects of online retailing
and distribution of products such as food and medical devices, including scope of permitted business activities, licenses and permits
for business operation, and restriction on foreign investments. Meanwhile, the brand partners we partner with are also obliged to hold
licenses and meet regulatory requirements in order to sell products themselves or through our e-commerce capabilities. While we currently
hold all material licenses and permits required for our business operations, 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.

As e-commerce business via internet and mobile
network is still evolving in China, new laws and regulations may be adopted from time to time, and substantial uncertainties exist regarding
interpretation and implementation of current and future PRC Laws and regulations applicable to our business operations. We cannot assure
you that our current business activities will not be found in violation of any future laws and regulations or any of the laws and regulations
currently in effect due to changes in the relevant authorities’ interpretation of these laws and regulations. For example, the MIIT
released the new Classified Catalog of Telecommunications Services, or the Telecommunication Catalog, on December 28, 2015, which
came into effect on March 1, 2016 and later amended on June 6, 2019 and specifies that information services provided through
mobile networks are recognized as internet information services. According to relevant MIIT rules, service providers, like operators of
mobile application stores, will be required to meet certain qualifications, including obtaining a value-added telecommunication license,
or a VAT License,