Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 208

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 208
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 agreement with another bank, pursuant to which the Company borrowed $282,450with maturity dates due
through March 2024. The borrowing bore interest rate of4.0% per annum. The Company fully repaid the borrowing of $281,694on due date.
The difference between amount of borrowing and repayment is due to foreign exchange changes.

F-23

ABLE VIEW GLOBAL INC.

7. LONG-TERM BORROWINGS

On March 22, 2024, the Company entered into a
Loan Agreement (the “ Loan Agreement”) with a third party (the “ Lender”), pursuant to which the Lender agrees to
lend to the Company (the “ Loan”) amounts to be paid in four tranches. The amount of each tranche of the Loan is adjusted depending
on the trading price of the Company’s Class B Ordinary Shares. The first tranche, extended on March 28, 2024, provides the Company
with loan proceeds of $588,888; the second tranche, extended on April 9, 2024, provides the Company with loan proceeds of $681,828; the
third and final tranche, extended on April 18, 2024, provides the Company with loan proceeds of approximately $909,978. Each tranche of
the Loan has a maturity offive yearsfrom the date the tranche is extended and an interest of5.05% per annum to be paid by the Company
to the Lender in semi-annual installments.

As of December 31, 2024, the Company had long-term
borrowings of approximately $2,180,694.

8. INCOME TAXES

Cayman Islands

Under the current laws of the Cayman Islands,
the Company is not subject to tax on income or capital gain. Additionally, upon payments of dividends to the shareholders, no Cayman Islands
withholding tax will be imposed.

Singapore

The Company is subject to corporate income tax
for its business operation in Singapore. Tax on corporate income is imposed at a flat rate of17%.

Hong Kong

Ableview Brands, Ableview Management, and Able
View are incorporated in Hong Kong and is subject to Hong Kong Profits Tax on the taxable income as reported in its statutory
financial statements adjusted in accordance with relevant Hong Kong tax laws. The applicable tax rate for the first HKD$2million
of assessable profits is8.25% and assessable profits above HKD$2million will continue