Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 129

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 129
---
 million, payment of offering costs of $3.1 million and repurchase
of Class B ordinary shares of $0.4 million, partially offset by proceeds of $58.2 million from short-term borrowings, and proceeds
of $25.4 million from borrowings from related parties.

For the year ended December 31, 2022, we
reported cash provided by financing activities of $12.9 million, which was primarily provided by proceeds of $85.5 million from
short-term borrowings, proceeds of $18.3 million from borrowings from related parties, proceeds of $3.0 million from issuance
of convertible redeemable preferred shares to certain investors, and proceeds of $1.5 million from capital contribution from a shareholder,
partially net off against repayment of short-term borrowings of $73.2 million, repayment of related party borrowings of $15.0 million
and payments of dividends of $6.9 million.

Quantitative and Qualitative Disclosures About
Market Risk

Foreign Exchange Risk

Foreign currency risk is the risk of loss resulting
from changes in foreign currency exchange rates. Fluctuations in exchange rates between the RMB and other currencies in which we conduct
business may affect our financial position and results of operations.

Our functional currency is U. S. dollar, and
we had three subsidiaries which are operating in Hong Kong with functional currency of Hong Kong dollar and one subsidiary which
is operating in Singapore with functional currency of Singapore dollar. We are mainly exposed to foreign exchange risk arising from our
cash and cash equivalents dominated in RMB.

In addition, we have four subsidiaries which are
operating in mainland China with all of the transactions settled in RMB. We consider that our business in mainland China is not exposed
to any significant foreign exchange risk as there are no significant financial assets or liabilities of these subsidiaries denominated
in the currencies other than the functional currency.

Interest Rate Risk

Our exposure to interest rate risk primarily relates
to the interest income generated by excess cash, which is mostly held in interest-bearing bank deposits. Interest-earning instruments
carry a degree of interest rate risk. We have not been exposed to material risks due to changes in interest rates, and we have not used
any derivative financial instruments to manage our interest risk exposure.

C. Research and Development, patent and licenses,
etc.

We have not engaged in any research and development
activities since inception.

D. Trend Information

Other than as disclosed above and elsewhere in
this Report