Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 2

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 2
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Uncertainties still exist
in relation to the interpretation and implementation of the Cybersecurity Review Measures. For instance, if we are deemed to be a CIIO,
our purchases of network products or services, if deemed to be affecting or possibly affecting national security, will need to be subject
to cybersecurity review. The critical information infrastructure has a relatively broad definition and the interpretation in this regard
remains vague. However, the relevant administration departments of each critical industry and sector (the “ Protection Departments”)
are responsible to formulate eligibility criteria and determine the CIIOs in the respective industry or field. The operators will be informed
about the final determination as to whether they are categorized as CIIOs from the Protection Departments. We have been closely monitoring
regulatory developments in China regarding any necessary approvals from the CAC or other Chinese regulatory authorities required for cybersecurity.

The management believes that as of the date of
this report: (i) the Company does not hold personal information of over one million users; (ii) the Company and its subsidiaries have
not been informed by any PRC governmental authority of any requirement that it file for a cybersecurity review; and (iii) the Company
and its subsidiaries have never disclosed any customer or supplier information within China (except when requested by related parties,
the company and its subsidiaries tailor their customer or supplier information disclosures to the narrowest possible scope), therefore,
the Company believes it is not required to pass cybersecurity review of CAC. We are also not aware that there are relevant laws or regulations
in the PRC explicitly requiring us to seek approval from the China Securities Regulatory Commission for our overseas listing. Further,
as of the date of this report, the Company and its subsidiaries 1) did not collect any data that will or may negatively influence PRC’s
national security; and 2) strictly follow the relevant PRC laws and regulations. Since these statements and regulatory actions are new,
however, official guidance and related implementation rules have not been issued. It is highly uncertain what the potential impact such
modified or new laws and regulations will have on the daily business operations of our subsidiaries, our ability to accept foreign investments,
and our listing on a U. S. exchange. The PRC regulatory authorities may in the future promulgate laws, regulations, or implementing rules
that require us, our subsidiaries to obtain regulatory approval from Chinese authorities for listing in the U. S. If we do not receive
or maintain the approval, or inadvertently conclude that such approval is not required, or applicable laws