Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 215

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 215
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 Able View paid dividends of $190,203to their shareholders.
In addition, two shareholders of Able View designated an aggregation of $6,755,952out of dividends payable due to these two shareholders
as amount due to an entity controlled by one of the two shareholders. Able View paid dividends of $6,755,952to the related party.

As of December 31, 2024 and 2023, the Company
had declared but unpaid dividends of $15,788,003and $15,758,296, respectively, to shareholders whose holding of beneficiary shares exceeded5% (Note 13). As of December 31, 2024 and 2023, the Company had declared but unpaid dividends of $1,011,326and $1,005,733, respectively,
to shareholders whose holding of beneficiary shares was below5%.

According to PRC laws and regulations, after-tax
profit can be distributed after a portion of net income has been set aside to fund certain reserve funds.

The board of directors will have the discretion
to declare and pay dividends in the future, subject to applicable PRC regulations and Hong Kong regulations and restrictions. Payment
of dividends in the future will depend upon our earnings, capital requirements, and other factors, which our board of directors may deem
relevant.

Restricted net assets

The Company’s ability to pay dividends is
primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations
permit payments of dividends by PRC subsidiaries only out of its retained earnings, if any, as determined in accordance with PRC accounting
standards and regulations and after it has met the PRC requirements for appropriation to statutory reserves. Paid in capital of the PRC
subsidiaries included in the Company’s consolidated net assets are also non-distributable for dividend purposes. The results of
income reflected in the accompanying consolidated financial statements prepared in accordance with U. S. GAAP differ from those reflected
in the statutory financial statements of the Company’s PRC subsidiaries. The Company is required to set aside at least10% of their
after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach50% of its registered capital.
In addition, the Company may allocate a portion of its after-tax profits based on PRC accounting standards to enterprise expansion fund
and staff bonus and welfare fund at its discretion. The statutory reserve funds and the discretionary funds are not distributable as cash
dividends.

The