Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 60

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 60
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 residents’ legally owned assets or equity interests in domestic enterprises or offshore assets or interests, referred
to in SAFE Circular 37 as a “special purpose vehicle.” SAFE Circular 37 further requires amendment to the registration in
the event of any significant changes with respect to the special purpose vehicle, such as increase or decrease of capital contributed
by PRC individuals, share transfer or exchange, merger, division or other material event. In the event that a PRC shareholder holding
interests in a special purpose vehicle fails to fulfill the required SAFE registration, the PRC Operating Entities of that special purpose
vehicle may be prohibited from making profit distributions to the offshore parent and from carrying out subsequent cross-border foreign
exchange activities, and the special purpose vehicle may be restricted in its ability to contribute additional capital into its mainland
China subsidiary. Moreover, failure to comply with the various SAFE registration requirements described above could result in liability
under PRC law for evasion of foreign exchange controls. According to the Notice on Further Simplifying and Improving Policies for the
Foreign Exchange Administration of Direct Investmentreleased on February 13, 2015 by SAFE, local banks shall examine and handle
foreign exchange registration for overseas direct investment, including the initial foreign exchange registration and amendment registration
under SAFE Circular 37 from June 1, 2015. Beneficial owners of the special purpose vehicle who are PRC citizens are also required
to make annual filing with the local banks regarding their overseas direct investment status.

We may not be aware of the identities of all of
our beneficial owners who are PRC residents. We do not have control over our beneficial owners and cannot assure you that all of our PRC-resident
beneficial owners will comply with SAFE Circular 37 and subsequent implementation rules, including the annual filing requirement. Furthermore,
we may be unable to disclose change of our beneficial owners’ shareholding interests in us during the annual filing process of our
PRC Operating Entities as required by SAFE. The failure of our beneficial owners who are PRC residents to register or amend their
foreign exchange registrations in a timely manner pursuant to SAFE Circular 37 and subsequent implementation rules, or the failure of
future beneficial owners of our company who are PRC residents to comply with the registration procedures set forth in SAFE Circular 37
and subsequent implementation rules, may subject such beneficial owners or our PRC Operating Entities to fines and legal sanctions. As
of the date of this Report, all our shareholders have duly registered as required. However, we cannot guarantee that in the