Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 70

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 70
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 Mr. Zhifan Zhou, independent directors of the Company, are all residents
of China and all or a substantial portion of their assets are located outside the United States. China does not have treaties providing
for the reciprocal recognition and enforcement of judgments of courts with the Cayman Islands and many other countries and regions. Therefore,
recognition and enforcement in China of judgments of a court in any of these non-PRC jurisdictions in relation to any matter not subject
to a binding arbitration provision may be difficult or impossible. As a result, it may be difficult to enforce against us or them judgments
obtained in United States courts or in Cayman Islands courts, including judgments predicated upon the civil liability provisions
of the securities laws of the United States or any state in the United States. It may also be difficult for a shareholder to
enforce judgments obtained in U. S. courts based on the civil liability provisions of the U. S. federal securities laws against
us and these persons located in China.

Restrictions on currency exchange may limit
our ability to utilize our revenue effectively. To the extent our cash in the business is in mainland China, such cash may not be available
to freely convert or be changed at favorable rate, and such cash may not be available to fund operations or for other use outside of PRC
due to interventions in or the imposition of restrictions and limitations on the ability of us or our subsidiaries by the government in
mainland China to transfer cash.

As of December 31, 2024, Able View has five mainland
China operating subsidiaries whose revenues are denominated in Renminbi. Renminbi is currently convertible under the “current account,”
which includes dividends, trade and service-related foreign exchange transactions, but not freely convertible under the “capital
account,” which includes foreign direct investment and loans, including loans we may secure from our onshore subsidiaries. The Outbound
Investment Sensitive Industry Catalogue (2018) also lists certain industries as sensitive outbound investment industries, which are
subject to NDRC pre-approval requirements prior to remitting investment funds offshore. However, the relevant PRC governmental authorities
may limit or eliminate our ability to purchase foreign currencies in the future for current account transactions. Since we expect to maintain
such corporate structure in the future, part of our revenue will continue being denominated in Renminbi, any existing and future restrictions
on currency exchange may limit our ability to utilize revenue generated in Renminbi to fund our business activities outside of