{"url_path":"/sec/ablv/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-04-27","source_url":"https://www.sec.gov/Archives/edgar/data/1957489/0001213900-26-048085-index.html","accession_number":"0001213900-26-048085","cik":"0001957489","ticker":"ABLV","issuer_name":"Able View Global Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1957489/0001213900-26-048085-index.html","primary_entity_key":"0001957489","primary_entity_name":"Able View Global Inc."},"word_count":1930,"has_tables":true,"body_markdown":"**ITEM\n7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**\n\n \n\n**A.\nMajor Shareholders**\n\n \n\nThe\nfollowing table shows the beneficial ownership of the Ordinary Shares as of December 31, 2025 by:\n\n \n\n \n●\neach\nperson known by the Company to beneficially own more than 5% of the outstanding Class B Ordinary Shares;\n\n \n\n \n●\neach\nof Able View Global Inc.’s named executive officers and directors; and\n\n \n\n \n●\nall\nof our executive officers and directors as a group.\n\n \n\n80\n\n \n\n \n\nUnless\notherwise indicated, we believe that all persons named in the table have sole voting and investment power with respect to all shares\nbeneficially owned by them. Except as otherwise noted herein, the number and percentage of Ordinary Shares beneficially owned is determined\nin accordance with Rule 13d-3 under the Exchange Act, and the information is not necessarily indicative of beneficial ownership for any\nother purpose. Under such rule, beneficial ownership includes any Ordinary Shares and as to which the holder has sole or shared voting\npower or investment power and also any Ordinary Shares which the holder has the right to acquire within 60 days of December 31, 2025\nthrough the exercise of any option, conversion or any other right. The table does not include stock options and restricted shares held\nby the executive officers that do not vest or become exercisable, and do not provide voting rights, within 60 days of the date of this\nReport. As of December 31, 2025, there were 24,871,433 Class A Ordinary Shares and 24,518,489 Class B Ordinary Shares outstanding (excluding\ntreasury shares).\n\n \n\n  \nthe Company Class A  \nthe Company Class B  \nVoting \n\n  \nOrdinary Shares  \nOrdinary Shares  \nPower \n\nName and Address of Beneficial Owner \nNumber  \n%  \nNumber  \n%  \n(%) \n\nExecutive Officers and Directors \n   \n   \n   \n   \n  \n\nStephen Jian Zhu(1)(7) \n 24,871,433  \n 50.4% \n    \n    \n 91.0%\n\nTang Jing(2)(8)(9) \n    \n    \n 2,146,641  \n 4.3% \n 0.8%\n\nYilun Wu(3) \n -  \n -  \n -  \n -  \n - \n\nYimin Zhou(4) \n -  \n -  \n -  \n -  \n - \n\nZhifan Zhou(5) \n -  \n -  \n -  \n -  \n - \n\nAll Executive Officers and Directors as a group \n 24,871,433  \n 50.4% \n 2,146,641  \n 4.3% \n 91.8%\n\n  \n    \n    \n    \n    \n   \n\n5% or Greater Holders \n    \n    \n    \n    \n   \n\nWang Jun(6)(9) \n    \n    \n 4,459,339  \n 9.0% \n 1.6%\n\nHealthy Great Investing Company Limited(7)(9) \n 24,871,433  \n 50.4% \n    \n    \n 91.0%\n\nNovoprospects Holding Company Limited(10) \n    \n    \n 3,875,969  \n 7.8% \n 1.4%\n\n \n\n(1)The\naddress of Mr. Stephen Jian Zhu is 61-65 Huqiu Road, Huangpu District, Shanghai, China.\n\n \n\n(2)The\naddress of Mr. Tang Jing is Room 603, No. 73, Tianyao New Village, Xuhui District, Shanghai, China.\n\n \n\n(3)The\naddress of Mr. Yilun Wu is Room 702, 868 Nanjing West Road, Jing ‘an District, Shanghai, China.\n\n  \n\n(4)The\naddress of Mr. Yimin Zhou is Room 1201, No.18, Lane 2518, Longhua Road, Xuhui District, Shanghai, China.\n\n \n\n(5)The\naddress of Mr. Zhifan Zhou is B3406, 34F, West Tower, Block B, Guorui Building, 11 Guoxing Avenue, Haikou, Hainan Province, People’s\nRepublic of China 570203.\n\n \n\n(6)Includes\n(i) 1,010,285 shares owned directly by Mr. Wang Jun, and (ii) 3,449,054 shares owned by Smartest Star Investing Company Limited. Mr.\nWang Jun, being the sole owner of Smartest Star Investing Company Limited, may, under the rules of the SEC, be deemed to be the beneficial\nowner of the ordinary shares held by such entity.\n\n \n\n(7)Mr.\nStephen Jian Zhu, being the sole owner of Healthy Great Investing Company Limited, may, under the rules of the SEC, be deemed to be the\nbeneficial owner of the ordinary shares held by such entity.\n\n \n\n81\n\n \n\n \n\n(8)Includes\n(i) 486,332 shares owned directly by Mr. Tang Jing, and (ii) 1,660,309 shares owned by Scenery Investing Company Limited. Mr. Tang Jing,\nbeing the sole owner of Scenery Investing Company Limited, may, under the rules of the SEC, be deemed to be the beneficial owner of the\nordinary shares held by such entity.\n\n \n\n(9)HSBC\nInternational Trustee Limited manages (i) Smart Star Trust, which owns 100% of Smartest Star Limited, which owns 80% of Smartest Star\nInvesting Company Limited, which directly holds 3,449,054 Class B Ordinary Shares; (ii) Scenery Trust, which owns 100% of Scene Holding\nLimited, which owns 86.21% of Scenery Investing Company Limited, which directly holds 1,660,309 Class B Ordinary Shares; and (iii) Gentle\nHealthy Trust, which owns 100% of Healthy Great Limited, which owns 58.74% of Healthy Great Investing Company Limited, which directly\nholds 24,871,433 Class A Ordinary Shares.\n\n \n\n(10)Infinite\nTreasure Chariot Limited, being the sole owner of Novoprospects Holding Company Limited, may, under the rules of the SEC, be deemed to\nbe the beneficial owner of the ordinary shares held by such entity.\n\n \n\n**B.\nRelated Party Transactions**\n\n** **\n\n*1)\nNature of relationships with related parties*\n\n \n\nThe\ntable below sets forth the major related parties and their relationships with the Company, with which the Company entered into transactions\nduring the years ended December 31, 2025, 2024 and 2023, or recorded balances as of December 31, 2025 and 2024.\n\n \n\n \n\n**Name**\n \n**Relationship with the Company**\n\nMr. Zhu Jian\n \nChief Executive Officer, Director and Shareholder of the Company\n\nMr. Wang Jun\n \nChief Executive Officer of Weitong and Shareholder of the Company\n\nMr. Tang Jing\n \nChief Financial Officer and Shareholder of the Company\n\nMr. Tang Yuhua\n \nAn immediate family member of Mr. Tang Jing\n\nMr. Wang Jixiang\n \nAn immediate family member of Mr. Wang Jun\n\nHealthy Great Investing Company Limited (“Healthy Great”)\n \nWholly owned by Mr. Zhu Jian\n\nSmartest Star Investing Company Limited (“Smartest Star”)\n \nWholly owned by Mr. Wang Jun\n\nScenery Investing Company Limited (“Scenery”)\n \nWholly owned by Mr. Tang Jing\n\nYanyan Global Company Limited (formerly known as Skinist Global Company Limited “Yanyan Global”)\n \nCompany controlled by Mr. Wang Jun\n\nSkinist Global Cosmetics (Shanghai) Co., Ltd. (“Skinist Shanghai”)\n \nCompany controlled by Mr. Wang Jun\n\nShanghai Yingtian Financial Information Service Co., Ltd. (“Ying Tian”)\n \nCompany controlled by Mr. Zhu Jian and Mr. Tang Jing\n\nHong Kong Ping Forward Limited (formerly known as Hong Kong Mimosa Industry, or “Ping Forward”)\n \nCompany controlled by Mr. Wang Jixiang\n\nShanghai Jingqi Developing Co., Ltd. (“Jingqi”)\n \nCompany controlled by Mr. Zhu Jian\n\nShanghai Jingrong Information Co., Ltd. (“Jingrong”)\n \nCompany controlled by the spouse of Mr. Tang Jing\n\nShanghai Youshan Corporate Consulting Co., Ltd. (“Youshan”)\n \nCompany controlled by Ms. Mu Xuemei, the director of the Company\n\nMerit Zone Development Limited (“Merit Zone”)\n \nCompany controlled by Mr. Wang Jun before January 1, 2023. Mr. Wang Jun transferred the equity interest in Merit Zone in January 2023.\n\nShanghai Jiantong Trade Center (“Jian Tong”)\n \nCompany controlled by Mr. Wang Jun\n\nShanghai Shilin Advertising Co., Ltd. (“Shi Lin”)\n \nCompany controlled by Ms. Pan Yue, a supervisor of Weitong, a subsidiary of the Company\n\nShanghai Tengxin Advertising Co., Ltd. (“Teng Xin”)\n \nCompany controlled by Ms. Pan Yue, a supervisor of Weitong, a subsidiary of the Company\n\nShanghai Zhiwang Cosmetics Co., Ltd. (“Zhi Wang”)\n \nCompany controlled by Ms. Mu Xuemei, a director of the Company\n\nShanghai Yuancheng Advertising Co., Ltd. (“Yuan Cheng”)\n \nCompany controlled by Mr. Wang Jun.\n\nShanghai Zhimeisi Beauty Technology Co., Ltd (“Zhi Mei Si”)\n \nCompany over which Mr. Zhu Jian owns 20% equity interest and exercises significant influence\n\nShanghai Libo Medical Beauty Clinic Co., Ltd (“Li Bo”)\n \nControlled by Zhi Mei Si\n\nShanghai Yaxing Commercial Consulting Co., Ltd. (“Ya Xing”)\n \nControlled by Mr. Tang Jing\n\n \n\n \n\n82\n\n \n\n \n\n*2)\nTransactions with related parties*\n\n \n\n \n\n  \nFor the Years Ended December 31, \n\n  \n2025 \n2024 \n2023 \n\nSales of products to related parties \n  \n  \n  \n\nWang Jixiang \n$97,795 \n$— \n$— \n\nPing Forward \n — \n 1,827,295 \n — \n\nYanyan Global \n — \n 331,439 \n 169,344 \n\n  \n$97,795 \n$2,158,734 \n$169,344 \n\n  \n   \n   \n   \n\nPurchase of products from related parties \n   \n   \n   \n\nYoushan \n$874,697 \n$3,530,277 \n$— \n\nJingqi \n — \n 790,006 \n — \n\nSkinist Shanghai \n — \n — \n 16,832 \n\n  \n$874,697 \n$4,320,283 \n$16,832 \n\n  \n   \n   \n   \n\nService fees charged by related parties \n   \n   \n   \n\nZhi Wang \n$862,202 \n$— \n$— \n\nYa Xing \n 134,957 \n — \n — \n\nJingqi \n — \n — \n 32,753 \n\n  \n$997,159 \n$— \n$32,753 \n\n  \n   \n   \n   \n\nPayment of dividends \n   \n   \n   \n\nMr. Zhu Jian \n$19,242 \n$19,224 \n$19,159 \n\nMr. Wang Jun \n 19,242 \n 19,224 \n 19,159 \n\nMr. Tang Jing \n 19,242 \n 19,224 \n 19,159 \n\nPayment of dividends \n$57,726 \n$57,672 \n$57,477 \n\n  \n   \n   \n   \n\n**Net settlement (1)** \n   \n   \n   \n\nReduction of dividend payables due to disposal of discontinued operations \n$9,988,060 \n$— \n$— \n\nNet settlement of dividends payable with due from related parties from continuing operations \n 1,081,449 \n   \n   \n\nNet settlement of due from related parties and due to related parties within continuing operations \n 3,247,402 \n 3,461,458 \n 1,291,790 \n\nNet settlement of due from related parties and due to related parties between continuing operations and discontinued operations \n 961,649 \n 2,323,802 \n 13,177,600 \n\n  \n$15,278,560 \n$5,785,260 \n$14,469,390 \n\n \n\n(1)\nIn December 2023, the Company and certain related parties entered into\nsettlement agreement, pursuant to which all parties agreed that the Company’s receivables of $14,469,390 due from related parties\nwas netted off against the Company’s payables of $14,469,390 due to related parties. Among the Company’s receivables of $14,469,390\ndue from related parties, $1,291,790 and $13,177,600 was related to receivable of continuing operations and discontinued operations, respectively.\n\n \n\n83\n\n \n\n \n\n \n\nIn December 2024, the Company and certain related\nparties entered into settlement agreement, pursuant to which all parties agreed that the Company’s receivables of $5,785,260 due\nfrom related parties was netted off against the Company’s payables of $5,785,260 due to related parties. Among the Company’s\npayable of $5,785,260 due to related parties, $3,461,458 and $2,323,802 was related to payables of continuing operations and discontinued\noperations, respectively.\n\n \n\nDuring the year ended December 31, 2025, the Company and certain related\nparties entered into certain net settlement agreements, pursuant to which all parties agreed that: 1) the Company’s dividend payables\nof $9,988,060 was reduced due to disposal of discontinued operations; 2) the Company’s dividend payables of $1,081,449 was netted\noff against the Company’s receivables of $1,081,449 as recorded by the continuing operations; and 3) the Company’s payables\nof $4,209,051 was netted off against the Company’s receivables of $4,209,051 due from respective related parties. Among the Company’s\npayables of $4,209,051 due to related parties, $3,247,402 and $961,649 were related to payables of continuing operations and discontinued\noperations, respectively.\n\n \n\n**(Advances\nto) Collection of advances from related parties**\n\n \n\nDuring the years ended December 31, 2025, 2024\nand 2023, the Company made advance of $8,348, $90,332 and $2,960,203 to certain related parties, respectively. The advances were made\nto support operations of these related parties. The advances were interest free and repayable on demand. During the years ended December\n31, 2025, 2024 and 2023, the Company collected advances of $8,348, $104,418 and $3,934,672 from these related parties, respectively.\n\n \n\n  \nFor the Years Ended December 31, \n\n  \n2025  \n2024  \n2023 \n\n  \nAdvances  \nCollection\n of advances  \nAdvances  \nCollection\n of advances  \nAdvances  \nCollection\n of advances \n\nSkinist Shanghai \n (8,348) \n 8,348  \n —  \n 14,086  \n (14,123) \n — \n\nLi Bo \n —  \n —  \n (90,332) \n 90,332  \n —  \n — \n\nYanyan Global \n —  \n —  \n —  \n —  \n (2,030,942) \n 2,030,942 \n\nJingqi \n —  \n —  \n —  \n —  \n (915,138) \n 1,903,730 \n\n  \n$(8,348) \n 8,348  \n$(90,332) \n$104,418  \n$(2,960,203) \n$3,934,672 \n\n \n\n**Borrowings\nfrom (Repayment of Borrowings to) related parties**\n\n** **\n\n \n \nFor the Years Ended December 31,\n \n\n \n \n2025\n \n \n2024\n \n \n2023\n \n\n \n \nBorrowings\n \nRepayment\nof borrowings\n \n \nBorrowings\n \nRepayment\nof borrowings\n \n \nBorrowings\n \nRepayment\nof borrowings\n \n\nYing Tian(1)\n \n$\n5,195,629\n \n$\n(6,209,512\n)\n \n$\n2,726,628\n \n$\n(905,630\n)\n \n$\n—\n \n$\n—\n \n\nMr. Tang Jing\n \n \n1,307,826\n \n \n(2,500\n)\n \n \n—\n \n \n—\n \n \n \n—\n \n \n—\n \n\nLi Bo(1)\n \n \n904,348\n \n \n—\n \n \n \n—\n \n \n—\n \n \n \n—\n \n \n—\n \n\nTeng Xin(1)\n \n \n598,261\n \n \n(796,912\n)\n \n \n2,012,728\n \n \n(2,086,191\n)\n \n \n—\n \n \n—\n \n\nYoushan(1)\n \n \n505,043\n \n \n(747,130\n)\n \n \n532,262\n \n \n(532,262\n)\n \n \n—\n \n \n—\n \n\nMr. Wang Jixiang(1)\n \n \n486,957\n \n \n(473,043\n)\n \n \n—\n \n \n(932,832\n)\n \n \n1,381,583\n \n \n(82,760\n)\n\nMr. Zhu\nJian(1)\n \n \n55,850\n \n \n(407,845\n)\n \n \n70,792\n \n \n(70,792\n)\n \n \n—\n \n \n(2,277,315\n)\n\nSkinist Global(1)\n \n \n134,852\n \n \n(194,590\n)\n \n \n2,843,804\n \n \n(2,843,804\n)\n \n \n1,946,553\n \n \n(1,829,804\n)\n\nZhi Mei Si\n \n \n7,708\n \n \n(4,500\n)\n \n \n—\n \n \n—\n \n \n \n—\n \n \n—\n \n\nYuan Cheng\n \n \n—\n \n \n—\n \n \n \n—\n \n \n—\n \n \n \n98,857\n \n \n(98,857\n)\n\nShi Lin(1)\n \n \n—\n \n \n—\n \n \n \n451,658\n \n \n(1,708,888\n)\n \n \n371,421\n \n \n(2,283,258\n)\n\nJian Tong(1)\n \n \n—\n \n \n—\n \n \n \n—\n \n \n(2,935,253\n)\n \n \n151,515\n \n \n—\n \n\n \n \n$\n9,196,474\n \n \n(8,836,032\n)\n \n$\n8,637,872\n \n$\n(12,015,652\n)\n \n$\n3,949,929\n \n$\n(6,571,994\n)\n\n** **\n\n(1)\nDuring the years ended December 31, 2025, 2024 and 2023, the Company borrowed $9,196,474, $8,637,872 and $3,949,929 from these related parties, respectively. The borrowings were interest free, and outstanding loans are repayable within twelve months from borrowings.\n\n** **\n\n84\n\n \n\n** **\n\n**C.\nInterests of Experts and Counsel**\n\n \n\nNone\n/ Not applicable."}