Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 126

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 126
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50% of its registered capital. These reserves are not distributable as cash dividends. Historically, our PRC Operating
Entities have not paid dividends to us, and they will not be able to pay dividends until they generate accumulated profits. Furthermore,
capital account transactions, which include foreign direct investment in and loans to our PRC Operating Entities, must be approved by
and/or registered with SAFE, its local branches and certain local banks.

As a Cayman Islands exempted company and offshore
holding company, the Cayman holding company is permitted under PRC Laws and regulations to provide funding to our PRC Operating Entities
only through loans or capital contributions, subject to the approval, filings or registration of government authorities and limits on
the amount of capital contributions and loans. This may delay us from using the proceeds from any future offering to make loans or capital
contributions to our PRC Operating Entities.

Cash flows

The following table sets forth a summary of our
cash flows for the years ended December 31, 2024, 2023 and 2022 presented:

                                                                    For the Years Ended December 31,                                                                        
                                                                    2024                                                  2023                       2022                   
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash (used in) provided by operating activities               $                                     (2,244,544      $          23,573,330      $         (12,849,693  
  Net cash (used in) provided by investing activities                                                        (52,744                    253,662                 (1,107,279  
  Net cash provided by (used in) financing activities                                                      4,041,584                (16,216,022                 12,944,067  
  Effect of exchange rate changes on cash and cash equivalents                                               258,819                    (56,194                     66,305  
  Net increase (decrease) in cash and cash equivalents                                                     2,003,115                  7,554,776                   (946,600  
  Cash and cash equivalents at beginning of year                                                          13,328,156                  5,773,380                  6,719,980  
  Cash and cash equivalents at end of year                          $                                     15,331,271      $          13,328,156      $           5,773,380  

Operating activities

Net cash used in operating activities for the
year ended December