Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 135

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 6
Chunk 135
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 issued and outstanding shares (assuming no Ordinary Shares are redeemed as described in this annual report). Under
the rules of Nasdaq, a “controlled company” may elect not to comply with certain corporate governance requirements. As a result,
our shareholders may not have the same protection afforded to shareholders of companies that are subject to these corporate governance
requirements. Nonetheless, the Company intends to align itself with the practices adopted by Nasdaq-listed non-controlled companies to
the best of its ability to provide its shareholders with enhanced transparency and protection.

Independence of Directors

The Company adheres to the rules of Nasdaq, as
applicable to foreign private issuers and controlled companies, in determining whether a director is independent. The board of directors
of the Company has consulted, and will consult, with its counsel to ensure that the board of director’s determinations are consistent
with those rules and all relevant securities and other laws and regulations regarding the independence of directors. Mr. Yilun Wu, Mr.
Yimin Zhou, and Mr. Zhifan Zhou are “independent directors” as defined in the rules of Nasdaq and applicable SEC rules.

Risk Oversight

The Board of Directors is responsible for overseeing
our risk management process. The Board focuses on our general risk management strategy, the most significant risks facing the Company,
and oversight of the implementation of risk mitigation strategies by the management of the Company. our audit committee is responsible
for discussing the Company’s policies with respect to risk assessment and risk management.

The Board appreciates the evolving nature of its
business and industry and is actively involved with monitoring new threats and risks as they emerge. In particular, the Board is responsible
for closely monitoring any epidemic, conflicts and its potential effects on the Company’s business, and risk mitigation strategies.
While the Company has not yet experienced significant impact on the situation in Ukraine caused by the Russian invasion, or the trade
war between the United States and China, the Board also closely monitors the risks in relation to such development, including but not
limited to risks related to cybersecurity, sanctions, supply chain, suppliers and service providers.

Our Board of Directors is responsible for the
oversight of the operational risk management, which includes the cybersecurity risk management. In terms of the cybersecurity risk management,
the Board receives periodic reporting from the Company’s officers on (i) material issues related to cybersecurity risks arising
from the business operations, for instance the cooperation with our supply chain, suppliers and/or important service providers, and any
methods adopted to resolve; and (ii