Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 184

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 184
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 acquire100% of the equity interest of Weitong. Pursuant to the share transfer
agreement, the closing date was November 21, 2017.

F-7

ABLE VIEW GLOBAL INC.

1. ORGANIZATION
AND BUSINESS DESCRIPTION(cont.)

Reorganization of Able View Global

On April 28, 2022, Ableview Cayman entered into
an equity transfer agreement with Ableview Investment and the shareholders of Ableview Investment. Pursuant to the equity transfer agreement,
each of the shareholders of Ableview Investment transferred to Ableview Cayman their respective equity interests in Ableview Investment
(“ Equity Transfer”). Because the shareholders of Ableview Cayman and Able View Investment are of the same group, the Equity
Transfer was agreed at nil consideration. Upon completion of the Equity Transfer, Ableview Investment became a direct wholly-owned subsidiary
of Ableview Cayman.

On April 28, 2022, Ableview Cayman completed the
reorganization of entities under common control of its then existing shareholders, who collectively owned100% of the equity interests
of Ableview Investment prior to the reorganization. Ableview Cayman, Ableview BVI, Ableview Brands, and Ableview Management were established
as holding companies of Ableview Investment and its subsidiaries, and all of these entities are under common control which results in
the consolidation of Ableview Investment and its subsidiaries, which have been accounted for as a reorganization of entities under common
control at carrying value.

Ableview Cayman, Ableview BVI, Ableview Brands,
Ableview Management and Ableview Investment and its subsidiaries (herein the subsidiaries are collectively referred to as the “ Operating
Subsidiaries”) are engaged in importing and selling cosmetics and other beauty products to E-commerce platforms and distributor
customers.

History of HMAC

Hainan Manaslu Acquisition Corp. (“ HMAC”)
is a blank check company incorporated as a Cayman Islands exempted company on September 10, 2021, and formed for the purpose of effecting
a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
The registration statement for HMAC’s Initial Public Offering (“ Initial Public Offering”) was declared effective on
August 10, 2022.

Reverse recapitalization

On August 17, 2023, Able View Global consummated
the transactions contemplated by that certain Business Combination Agreement, dated as of November 21, 2022 (the “