Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 204

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 204
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 Company’s operating
activities and the Company’s assets and liabilities are denominated in RMB, which is not freely convertible into foreign currencies.
All foreign exchange transactions take place either through the Peoples’ Bank of China (“ PBOC”) or other authorized
financial institutions at exchange rates quoted by PBOC. Approval of foreign currency payments by the PBOC or other regulatory institutions
requires submitting a payment application form together with suppliers’ invoices and signed contracts. The value of RMB is subject
to changes in central government policies and to international economic and political developments affecting supply and demand in the
China Foreign Exchange Trading System market.

F-20

ABLE VIEW GLOBAL INC.

3. PREPAYMENTS
AND OTHER ASSETS, CURRENT AND NON-CURRENT

Prepayments and other current assets consist of
the following:

                                                                         December 31,                       December 31,                 
  Prepayments and other current assets                                                                                                   
  Due from suppliers (a)                                                                     1,654,688                          254,597  
  Prepayments to suppliers (b)                                           $                     640,326      $                 1,021,007  
  Prepaid marketing and advertising expenses (c)                                               543,964                          959,479  
  Loans to a third party (d)                                                                   500,000                          500,051  
  Compensation receivable (e)                                                                        -                          398,150  
  Tax recoverable                                                                              140,095                           54,794  
  Others                                                                                       246,195                           98,501  
                                                                         $                   3,725,268      $                 3,286,579  
  Less: provision of expected credit loss against other receivables                        ( 1,654,688                                -  
                                                                         $                   2,070,580      $                 3,286,579  
  Other non-current assets                                                                                                               
  Long-term deposits (f)                                                                     1,171,972                        1,214,903  
  Others                                                                                        21,781                           50,066  
                                                                         $                   1,193,753      $                 1,264,969  

For the years ended December 31, 2024 and 2023,
the movement of expected credit losses against other receivable is as the following:

  Opening balance                          $                         -      $             
 ──────────────────────────────────────────────────────────────────────────────────────────
                                           December 31,                     December 31,  
  Provision of expected credit