Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 161

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 10
Chunk 161
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  an exempted company may register as a segregated portfolio company.  
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“ Limited liability” means that the
liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except in exceptional circumstances,
such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which
a court may be prepared to pierce or lift the corporate veil).

C. Material Contracts

Material Contracts Relating to the Business Combination

The description of the
Business Combination Agreement is included in the Form F-4 in the sections entitled “ The Business Combination Proposal”,
which is incorporated herein by reference.

D. Exchange Controls

There are no foreign exchange controls or foreign
exchange regulations under the currently applicable laws of the Cayman Islands.

E. Taxation

The current PRC Enterprise Income Tax Law (the
“ EIT Law”), and the implementation regulations for the EIT Law issued by China’s State Council, became effective as
of January 1, 2008. Under the EIT Law, enterprises are classified as either resident or non-resident enterprises. An enterprise established
outside of China with its “de facto management bodies” located within China is considered a “resident enterprise,”
meaning that it can be treated in a manner similar to a Chinese enterprise for enterprise income tax purposes. The implementing rules
of the EIT Law defines a “de facto management body” as a managing body that in practice exercises “substantial and overall
management and control over the production and operations, personnel, accounting, and properties” of the enterprise; however, it
remains unclear whether the PRC tax authorities would deem our managing body as being located within China. Due to the relatively short
history of the EIT Law and lack of applicable legal precedents, the PRC tax authorities determine the PRC tax resident treatment of entities
organized under the laws of foreign jurisdictions on a case-by-case basis.

If the PRC tax authorities determine that we are
a resident enterprise for PRC enterprise income tax purposes, a number of PRC tax consequences could follow. First, we may be subject
to enterprise income tax at a rate of twenty five percent (25%) on our respective worldwide taxable income, as well as PRC enterprise
income tax reporting obligations. Second, although the EIT Law provides that “dividends, bonuses and other equity