Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 39

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 39
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 or other arrangements. Such financing may not be available on acceptable terms, or at all, and our
failure to raise capital when needed could harm our business. Additional equity or equity linked financing may dilute the interests of
our shareholders, and debt financing, if available, may involve restrictive covenants and could restrict our operational flexibility and
reduce our profitability. The resale of the shares will be considerable relative to the Company’s public float.

Our ability to obtain additional financing in
the future is subject to many uncertainties, including our future financial condition, results of operations, cash flows, trading price
of our ordinary shares, liquidity of international capital and lending markets and PRC governmental regulations over foreign investment
and cross-border financing and the Internet industry in the PRC. For example, the National Development and Reform Commission of China,
or the NDRC, has issued a number of rules requiring filing with the NDRC of foreign debt issuance since September 2015. In May 2016,
the NDRC also specifically required offshore incorporated companies directly or indirectly controlled by PRC domestic enterprises, and
although not explicitly required by statute, individual PRC residents, to complete filings with the NDRC before pricing and closing of
any offshore debt issuance, and to furnish post-issuance reporting to the NDRC, otherwise, the offshore incorporated companies directly
or indirectly controlled by PRC domestic enterprises or individual PRC residents will be put on a blacklist of credits and such information
will be published on the PRC credit information sharing platform. The NDRC and other relevant authorities may also impose joint sanctions
on the issuers listed on the blacklist. Pursuant to Notice of the National Development and Reform Commission and the Ministry of Finance
on Improving the Market Restraint Mechanism and Strictly Preventing Foreign Debt Risks and Local Debt Riskseffective in May 2018,
among others, enterprises that plan to borrow medium-term and long-term foreign debts shall establish and improve a sound and standardized
corporate governance structure, management and decision-making mechanisms and financial management rules and properly disclose relevant
information. We may be considered as an offshore incorporated company indirectly controlled by individual PRC residents and thus our issuance
of foreign debt may be subject to these requirements. If we cannot raise funds on acceptable terms, we may not be able to grow our business
or respond to competitive pressures.

Furthermore, according to the risk alert dated
May 25, 2016 published on the NDRC’s website, issuers who fail to furnish the