Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 100

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 100
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 or loss in the manner described above, and any gain or loss recognized
on the sale or exchange of the Ordinary Shares would be classified as a capital gain or loss.

A mark-to-market election
is available to a U.S. Holder only for “marketable stock.” Generally, stock will be considered marketable stock if it is “regularly
traded” on a “qualified exchange” within the meaning of applicable U.S. Treasury regulations. A class of stock is regularly
traded during any calendar year during which such class of stock is traded, other than in de minimisquantities, on at least 15
days during each calendar quarter.

Our Ordinary Shares will be
marketable stock as long as they remain listed on Nasdaq and are regularly traded. A mark-to-market election will not
apply to the Ordinary Shares for any taxable year during which we are not a PFIC, but it will remain in effect with respect to any subsequent
taxable year in which we become a PFIC. Such election will not apply to any of our non-U.S. subsidiaries. Accordingly, a U.S. Holder may
continue to be subject to tax under the PFIC excess distribution regime with respect to any lower-tier PFICs notwithstanding the U.S.
Holder’s mark-to-market election for the Ordinary Shares.

Our Company and all distributions,
interest, and other amounts paid by us with respect to our shares to persons who are not resident in the Cayman Islands are exempt from
all provisions of the Income Tax Ordinance in the Cayman Islands. No estate, inheritance, succession, or gift tax, rate, duty, levy, or
other charge is payable by persons who are not resident in the Cayman Islands with respect to any of our shares, debt obligations, or
other securities. All instruments relating to transactions with respect to our shares, debt obligations, or other securities and all instruments
relating to other transactions relating to our business are exempt from payment of stamp duty in the Cayman Islands, except for those
which hold interests in land in the Cayman Islands. There are currently no withholding taxes or exchange control regulations in the Cayman
Islands applicable to us or our shareholders.

The tax consequences that
would apply if we are a PFIC would also be different from those described above if a U.S. Holder were able to make a valid qualified electing
fund (“QEF”) election. As we do not expect to provide U.S. Holders with the information necessary for a U.S