Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 211

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 211
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 in income from
operations. The future realization of the tax benefit of an existing deductible temporary difference ultimately depends on the existence
of sufficient taxable income of the appropriate character within the carryforward period available under applicable tax law. The Company
reviews deferred tax assets for a valuation allowance based upon whether it is more likely than not that the deferred tax asset will be
fully realized. In 2024, the Company assessed that it would be able to generate sufficient operating profits within the next five years
and concluded that it was more likely than not that all the entities would have sufficient taxable income to realize the deferred tax
assets in the future. Accordingly, no valuation allowance was provided. As of December 31, 2024 and 2023, valuation allowance of $ niland $30,410was provided against deferred tax assets arising from net operation losses carry forwards respectively.

Uncertain tax positions

In October 2024, Able View Brands
(“ Brands”) received a comment letter from Hong Kong IRS regarding certain deductible expenses claimed in its annual tax
return for the year of 2023. Such expenses were related to intra-group services provided to Brands by certain PRC subsidiaries.
Brands sent a response letter to provide supporting evidence to Hong Kong IRS in January 2025. The Hong Kong IRS is in the process
of reviewing the evidence and to determine if, and to what extent, the aforementioned expenses can be approved for tax deduction.
Based on information available up to date, the Company cannot reasonably assess the outcome of Hong Kong IRS’s review result.
Therefore, the financial impact of this matter, if any, cannot be reasonably estimated at present.

As of December 31, 2024, the tax years ended December
31, 2019 through 2023 for the Company’s subsidiaries in the PRC are generally subject to examination by the PRC tax authorities.
The tax years ended December 7, 2022 through 2023 for the Company’s subsidiary in the Singapore is generally subject to examination
by the Singapore tax authorities. The tax years ended December 31, 2018 through 2023 for the Company’s subsidiaries in Hong Kong
are generally subject to examination by the Hong Kong tax authorities.

F-26

ABLE VIEW GLOBAL INC.

9. CONVERTIBLE
NOTES

In September 2024, the Company entered into Convertible
Note Purchase Agreements (the “ Agreements”) with three investors (the “ Purchasers”).

Pursuant to the Agreements, the Company has issued