Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 49

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 49
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 of the PRC, Anti-Unfair
Competition Law of the PRC, Interim Measures for the Administration of Internet Advertising, and also Consumer Protection Lawsthat are applicable to retailers. In the past, Shanghai Jingyue, one of our PRC Operating Entities, had certain non-compliance issues
in connection with its advertising of certain cosmetics products in 2024 and 2022, and SAMR’s local counterpart imposed
a fine of RMB 500,000 (approximately USD 68,566) on November 21, 2024, a fine of RMB 32,400 (approximately USD 4,400) on August 10, 2022,
and a fine of RMB 2,600 (approximately USD 360) on December 14, 2022. We may be subject to
such allegations of non-compliance with such laws and regulations in the future if we are not compliant to the PRC Laws and regulations.
Such allegations, which may or may not have merit, may result in legal or administrative penalties and other costs to us, and we may need
to adjust some of our advertising and promotional practices as a result.

If these regulations were to change or if we are
found to be in violation with them, we may need to spend additional costs to rectify non-compliance, adjust our business practices and
could be subject to fines or penalties or suffer reputational harm, which could reduce demand for the products or services offered by
us and hurt our business and results of operations. For example, the amended Consumer Protection Law, which became effective in March 2014,
further strengthened the protection of consumers and imposed more stringent requirements and onerous obligations on businesses, especially
businesses that operate on the internet.

Pursuant to the Law of the People’s Republic
of China on the Protection of Consumer Rights and Interests (2013 Amendment), consumers are generally entitled to return goods purchased
within seven days upon receipt without giving any reasons if they purchase the goods over the internet. Consumers whose interests
have been damaged due to their purchase of goods online may claim damages against sellers. Moreover, if we deceive consumers or knowingly
sell substandard or defective products, we would not only be required to compensate consumers for their losses, but also pay additional
compensation equal to three times the price of the goods or services.

Operators of online marketplace platforms, such
as Tmall and JD. com who have partnered with us, are also subject to stringent