Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 33

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 33
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 to the Cybersecurity Law and the impact it may have on our business operations. ” The Data Security Law sets
forth data security and privacy related compliance obligations on entities and individuals carrying out data related activities. The Data
Security Law also introduces a data classification and layered protection system based on the importance of data and the degree of impact
on national security, public interests or legitimate rights and interests of individuals or organizations when such data is tampered with,
destroyed, leaked or illegally acquired or used. We expect that these areas will receive greater attention and focus from regulators,
as well as attract public scrutiny and attention going forward. This greater attention, scrutiny and enforcement, including more frequent
inspections, could increase our compliance costs and, subject us to heightened risks and challenges associated with data security and
protection. If we are unable to manage these risks, our reputation and results of operations could be materially and adversely affected.
Please see “ Risk Factors - We may be subject to a variety of laws and other obligations regarding cybersecurity, data
protection or anti-monopoly, and any failure to comply with applicable laws and obligations could have a material and adverse effect on
our business, financial condition and results of operations” for potential risks due to data protection in Hong Kong. As
we expand our operations, we will be subject to additional laws and regulations in other jurisdictions where our brand partners, consumers
and other customers are located, such as Hong Kong, Taiwan, Korea and the United States. The laws, rules and regulations
of other jurisdictions may be at a more mature stage of development, be more comprehensive and nuanced in their scope, and impose more
stringent or conflicting requirements and penalties than those in the mainland China, compliance with which could require significant
resources and costs. Any failure, or perceived failure, by us to comply with our privacy policies or with any regulatory requirements
or privacy protection-related laws, rules and regulations could result in proceedings or actions against us by governmental entities
or others. These proceedings or actions could subject us to significant penalties and negative publicity, require us to change our business
practices, increase our costs and severely disrupt our business.

Substantial uncertainties exist with respect
to the Cybersecurity Law and the impact it may have on our business operations.

The Cybersecurity Law requires network operators
in the PRC to take actions to prevent security attacks and data loss, including data classification and backup and encryption. The Cybersecurity
Law specifies requirements on user information protection applicable to network operators, who are prohibited from disclosing without