Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 55

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 55
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 adversely affected and there
may be significant uncertainty as to whether transactions that we have taken or may undertake would subject us to fines or other administrative
penalties and negative publicity and whether we will be able to complete large acquisitions in the future in a timely manner or at all.

The
permission or approval of, or filing to, the China Securities Regulatory Commission may be required in future offerings or financings,
and, if required, we cannot predict whether we will be able to obtain such permission or approval, or timely clear the filing requirements.

The M& A Rules requires an overseas special
purpose vehicle formed for listing purposes through acquisitions of PRC domestic companies and controlled by PRC persons or entities to
obtain the approval of the CSRC prior to the listing and trading of such special purpose vehicle’s securities on an overseas stock
exchange. The interpretation and application of the regulations remain unclear, and our offshore offerings may ultimately require approval
of the CSRC. If the CSRC approval is required, it is uncertain whether we can or how long it will take us to obtain the approval
and, even if we obtain such CSRC approval, the approval could be rescinded. Any failure to obtain or delay in obtaining the CSRC approval
for any of our offshore offerings, or a rescission of such approval if obtained by us, would subject us to sanctions imposed by the CSRC
or other PRC regulatory authorities, which may include fines and penalties on our operations in China, restrictions or limitations on
our ability to pay dividends outside of China, and other forms of sanctions that may materially and adversely affect our business, financial
condition, and results of operations.

On December 24, 2021 CSRC published the Provisions
of the State Council on the Administration of Overseas Securities Offering and Listing by Domestic Companies (Draft for Comment) (the
“ Draft Provisions”), and the Administrative Measures for the Filing of Overseas Securities Offering and Listing by Domestic
Companies (Draft for Comment) (the “ Draft Measures”, collectively with the Draft Provisions, the “ Draft Rules”)
for public comments. The Draft Rules lay out specific filing requirements for overseas listing and offering by PRC domestic companies
and include unified regulation management and strengthening regulatory coordination.

On February 17, 2023, the CSRC promulgated the
Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies (the “ Trial Measures”), which
took effect on March 31, 2023. The Trial Measures supersede the