Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 167

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 15
Chunk 167
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ITEM 15. CONTROLS AND PROCEDURES

Disclosure Controls
and Procedures

Under the supervision
and with the participation of our management, including our chief executive officer and chief financial officer, we carried out an evaluation
of the effectiveness of our disclosure controls and procedures, which is defined in Rules 13a-15(e) of the Exchange Act, as of December
31, 2024.

Based on that evaluation,
our management has concluded that, due to the material weakness described below, as of December 31, 2024, our disclosure controls and
procedures were not effective. Notwithstanding management’s assessment that our internal control over financial reporting was ineffective
as of December 31, 2024 due to the material weakness described below, we believe that the consolidated financial statements included in
this annual report on Form 20-F correctly present our financial position, results of operations and cash flows for the fiscal years covered
thereby in all material respects.

Management’s
Annual Report on Internal Control over Financial Reporting

As required by Rule 13a-15(c)
of the Exchange Act, our management conducted an evaluation of our Company’s internal control over financial reporting as of December
31, 2024 based on the framework in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations
of the Treadway Commission. Based on this evaluation, our management concluded that our internal control over financial reporting was
not effective as of December 31, 2024. In the course of auditing our consolidated financial statements as of December 31, 2024, we and
our independent registered public accounting firm identified a material weakness in our internal control over financial reporting, as
defined in the standards established by the Public Company Accounting Oversight Board of the United States. A material weakness is a deficiency,
or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material
misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis.

As of December 31,
2024, we identified one material weakness related to lack of sufficient financial reporting and accounting personnel with
appropriate knowledge of U. S. GAAP and SEC reporting requirements to properly address complex U. S. GAAP technical accounting issues
and prepare and review financial statements and related disclosures in accordance with U. S. GAAP and reporting requirements set
forth by the SEC.

Our management is
currently in the process of evaluating the steps necessary to