Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 50

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 50
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 obligations under the Law of the People’s Republic
of China on the Protection of Consumer Rights and Interests (2013 Amendment). For example, where platform operators are unable to
provide the real names, addresses and valid contact details of the sellers, the consumers may also claim damages from the platform operators.
Operators of online marketplace platforms that know or should have known that sellers use their platforms to infringe upon legitimate
rights and interests of consumers but fail to take necessary measures will bear joint and several liabilities with the sellers. Therefore,
operators of online marketplace platforms that we partner with may take measures and impose stricter requirements on us or our brand partners
as a reaction to their enhanced obligations under the Law of the People’s Republic of China on the Protection of Consumer Rights
and Interests (2013 Amendment).

Similar legal requirements are frequently changed
and subject to interpretation, and we are unable to predict the ultimate cost of compliance with these requirements or their effect on
our operations. We may be required to make significant expenditures or modify our business practices to comply with existing or future
laws and regulations or to satisfy compliance requests from the marketplace platforms we partnered with, which may increase our costs
and materially limit our ability to operate our business.

Failure to comply with the relatively new
E-Commerce Law may have a material adverse impact on our business, financial conditions and results of operations.

As the e-commerce industry is still evolving in
China, new laws and regulations may be adopted from time to time to address new issues that arise from time to time. For example, in August 2018,
the Standing Committee of the National People’s Congress promulgated the E-Commerce Law of the PRC, or the E-Commerce Law,
which became effective on January 1, 2019. The E-Commerce Law generally provides that e-commerce operators must obtain administrative
licenses if business activities conducted by the e-commerce operators are subject to administrative licensing requirements under applicable
laws and regulations. In addition, the E-commerce Law imposes a number of obligations on e-commerce operators, including the obligations
to disclose information about commodities or services in a comprehensive, faithful, accurate and timely manner; while displaying
search results of commodities or services to consumers according to their interests, preferences, consumption habits and other personal
characteristics, to provide consumers with options irrelevant to their personal characteristics; when to offer tie-in commodities or services,
to warn consumers about the tie-in sale in a prominent position and not to set the tie-in commodities or services as the default option;
and