Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 0

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 0
---
ITEM 3. KEY INFORMATION

Holding
Company Structure

The
following diagram illustrates our corporate structure, including all of our significant subsidiaries, as “significant” is
defined under Section 1-02 of Regulation S-X under the Securities Act and certain other subsidiaries, as of the date of this annual report.

Able View Global Inc. is not an operating company
but a Cayman Islands holding company. We conduct operations through our subsidiaries, with our operations in China and Hong Kong currently
being conducted by our PRC and Hong Kong subsidiaries. Investors in the Class B Ordinary Shares of the Company are not acquiring equity
interest in any operating company but instead are acquiring interests in a Cayman holding company. This holding company structure involves
unique risks to investors. As a holding company, the Company may rely on dividends from its subsidiaries for cash requirements, including
any potential payment of dividends to its shareholders. The ability of our subsidiaries to pay dividends or make distributions to the
Company may be restricted by laws and regulations applicable to them, or by the debt they incur or the instruments governing their debt.
In addition, PRC regulatory authorities could disallow this holding company structure and limit or hinder our ability to conduct business
through, receive dividends or distributions from, or transfer funds to the operating companies, which could cause the value of our securities
to significantly decline or become worthless.

We face various legal and operational risks and
uncertainties related to doing business in China. Our business operations are primarily conducted in China, and we are subject to complex
and evolving PRC laws and regulations. For example, the PRC government has issued statements and regulatory actions concerning areas such
as regulatory approvals for overseas offerings and listings by, and foreign investment in, China-based issuers, anti-monopoly regulatory
actions, and oversight on cybersecurity and data privacy. It remains uncertain how PRC government authorities will regulate overseas listings
and offerings and whether we can fully comply with applicable regulatory requirements, including completing filings with the China Securities
Regulatory Commission (CSRC), or whether we are required to complete other filings or obtain regulatory approvals from the CSRC, or any
other PRC government authorities for our overseas offerings and listings. Additionally, if future regulatory developments mandate clearance
of cybersecurity reviews or other specific actions to be completed by China-based companies listed on foreign stock exchanges, such as
us, we face uncertainties as to whether such clearance can be obtained in a timely manner, or at all. These risks may impact our ability
to conduct certain