Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 47

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 47
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aspects of economic activities in China or may be subject to significant degrees of interpretation by PRC regulatory agencies. In particular,
because these laws, rules and regulations are relatively new, and because of the limited number of published decisions and the non-binding
nature of such decisions, and because the laws, rules and regulations often give the relevant regulator significant discretion in
how to enforce them, the interpretation and enforcement of these laws, rules and regulations involve uncertainties and can be inconsistent
and unpredictable. In addition, the PRC legal system is based in part on government policies and internal rules, some of which are not
published on a timely basis or at all, and which may have a retroactive effect. As a result, we may not be aware of our violation of these
policies and rules until after the occurrence of the violation.

Uncertainties due to evolving laws and regulations
could impede the ability of a China-based company to obtain or maintain permits or licenses required to conduct business in China. In
the absence of required permits or licenses, governmental authorities could impose material sanctions or penalties on us. In addition,
some regulatory requirements issued by certain PRC government authorities may not be consistently applied by other PRC government authorities
(including local government authorities), thus making strict compliance with all regulatory requirements impractical, or in some circumstances
impossible. For example, we may have to resort to administrative and court proceedings to enforce the legal protection that we enjoy either
by law or contract. However, any administrative and court proceedings in China may be protracted, resulting in substantial costs and diversion
of resources and management attention. Since PRC administrative and court authorities have significant discretion in interpreting and
implementing statutory and contractual terms, it may be more difficult to evaluate the outcome of administrative and court proceedings
and the level of legal protection we enjoy than in more developed legal systems. These uncertainties may impede our ability to enforce
the contracts we have entered into and could materially and adversely affect our business, financial condition and results of operations.

Furthermore, China may adopt more stringent standards
in different business aspects, such as environmental protection or corporate social responsibilities, which may cause us to incur increased
compliance costs or become subject to additional restrictions in our operations. Intellectual property rights and confidentiality protections
in China may also not be as effective as in the United States or other countries. In addition, we cannot predict the effects of future
developments in the PRC legal system on our business operations, including the promulgation of