Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 128

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 128
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 of $10.9 million in accounts receivable as we granted longer credit term to two renowned online market places in the year ended
December 31, 2022, and (ii) an increase of $8.9 million in inventories as a result of combined effects of (a) we cooperated
with new brands and increased stocks of products these brands and (b) we delayed delivery of stocks to customers and distributors
as affected by spread of COVID-19 in December 2022.

Investing activities

For the year ended December 31, 2024, we
reported cash used in investing activities of $52,744, which was primarily used in purchases of property and equipment of $71,055, partially
offset by collection of advances of $18,311 from related parties.

For the year ended December 31, 2023, we
reported cash provided by investing activities of $0.3 million, which was primarily provided by collection of advances from related parties
amounted to $4.2 million, and collection of loans of $0.7 million from a third party, partially offset by advances of $3.0 million to
related parties, and loans of $1.2 million to third parties.

For the year ended December 31, 2022, we
reported cash used in investing activities of $1.1 million, which was primarily resulted from advances of $2.6 million made to related
parties, offset by collection of $1.7 million of advances made to related parties.

Financing activities

For the year ended December 31, 2024, we
reported cash provided by financing activities of $4.0 million, which primarily consisted of proceeds of $38.0 million from
short-term borrowings, proceeds of $12.1 million from borrowings from related parties, proceeds of $2.2 million from borrowings
from a third party, and proceeds of $4.0 million from issuance of convertible notes, partially offset by repayment of short-term borrowings
of $33.2 million, repayment of related party borrowings of $18.3 million, and repurchase of Class B ordinary shares of $0.9
million,

For the year ended December 31, 2023, we
reported cash used in financing activities of $16.2 million, which was primarily used in repayment of short-term borrowings
of $70.8 million, repayment of related party borrowings of $25.4