Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 29

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 29
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 business and subsidiaries,
to Globavend Holdings and U.S. investors and amounts owed. Under the current practice of the Inland Revenue Department of Hong Kong,
no tax is payable in Hong Kong with respect to dividends paid by us. Further, there are no restrictions or limitation under the laws
of Hong Kong imposed on the conversion of HK$ into foreign currencies and the remittance of currencies out of Hong Kong or across
borders and to U.S. investors. Any limitation on the ability of our subsidiary to make payments to us could have a material adverse
effect on our ability to conduct our business and might materially decrease the value of our Ordinary Shares or cause them to be worthless.
Currently, all of our operations are in Hong Kong through our HK Subsidiaries. We do not have or intend to set up any subsidiary
or enter into any contractual arrangements to establish a VIE structure with any entity in mainland China. Hong Kong is a special
administrative region of the PRC and the basic policies of the PRC regarding Hong Kong are reflected in the Basic Law of the Hong Kong
Special Administrative Region of the People’s Republic of China, or the Basic Law, providing Hong Kong with a high degree of
autonomy and executive, legislative and independent judicial powers, including that of final adjudication under the principle of “one
country, two systems.” The PRC laws and regulations do not currently have any material impact on any transfer of cash from Globavend
Holdings to our HK Subsidiaries or from our HK Subsidiaries to Globavend Holdings and the investors in the U.S. However, the Chinese
government may, in the future, impose restrictions or limitations on our ability to transfer money out of Hong Kong, to distribute
earnings and pay dividends to and from the other entities within our organization, or to reinvest in our business outside of Hong Kong.
Such restrictions and limitations, if imposed in the future, may delay or hinder the expansion of our business outside of Hong Kong
and may affect our ability to receive funds from our operating subsidiary in Hong Kong. The promulgation of new laws or regulations,
or the new interpretation of existing laws and regulations, in each case, that restrict or otherwise unfavorably impact the ability or
way we conduct our business, could require us to change certain aspects of our business to ensure compliance, which could decrease demand
for our services, reduce revenues, increase costs, require us to obtain more licenses, permits, approvals or certificates, or subject