Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 160

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 10
Chunk 160
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 Cayman Islands courts have confirmed the availability for such
actions. In most cases, we will be the proper plaintiff in any claim based on a breach of duty owed to us, and a claim against (for example)
our officer or directors usually may not be brought by a shareholder. However, based both on Cayman Islands authorities and on English
authorities, which would in all likelihood be of persuasive authority and be applied by a court in the Cayman Islands, exceptions to the
foregoing principle apply in circumstances in which:

  a company is acting, or proposing to act, illegally or beyond the scope of its authority;  

  the act complained of, although not beyond the scope of the authority, could be effected if duly authorized by more than the number of votes which have actually been obtained; or  

  those who control the company are perpetrating a “fraud on the minority.”  

A shareholder may have a direct right of action
against us where the individual rights of that shareholder have been infringed or are about to be infringed.

Special Considerations for Exempted
Companies. We are an exempted company with limited liability under the Companies Act. The Companies Act distinguishes between
ordinary resident companies and exempted companies. Any company that is registered in the Cayman Islands but conducts business
mainly outside of the Cayman Islands may apply to be registered as an exempted company. The requirements for an exempted company are
essentially the same as for an ordinary company except for the exemptions and privileges listed below:

  an exempted company does not have to file an annual return of its shareholders with the Registrar of Companies  

  an exempted company’s register of members is not open to inspection;  

  an exempted company does not have to hold an annual general meeting;  

  an exempted company may issue shares with no par value;  
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  an exempted company may obtain an undertaking against the imposition of any future taxation (such undertakings are usually given for 20 years in the first instance);  
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  an exempted company may register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands;  
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  an exempted company may register as a limited duration company; and  
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