Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 71

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 71
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 North America (20.3%), Europe (19.4%), Latin America (3.2%), and Middle East and Africa (3.0%).

<div align='center'>32</div>

Market size of the e-commerce logistics in Australia

According to IMARC, the e-commerce
logistics market has a value of $2.6 billion in 2024, representing a CAGR of 22.4% during 2019 to 2024. IMARC expects the e-commerce
logistics market in Australia to reach $13.6 billion by 2033, exhibiting a CAGR of 20.6% during 2025 to 2033. The charts below show
(i) the Australian e-commerce logistics market in 2019 and 2024 and (ii) the Australian e-commerce logistics market forecast
for 2025 to 2033:

<div align='center'>(source: IMARC)

(source: IMARC)

33

USE OF PROCEEDS</div>

We estimate that we will receive
approximately $19,091,769.27 in net proceeds from the sale of 16,176,471 Ordinary Units offered by us in this Offering, after deducting
the Placement Agent’s fees, non-accountable expense allowance and estimated offering expenses of approximately $778,230.73 payable
by us and assuming no sale of any Pre-Funded Units and no exercise of any Warrants.

We intend to use these proceeds
for capital expenditures, operating capacity, working capital, general corporate purposes, purchasing warehouses, registration and operation
of our overseas business entities, branches and office and potential mergers and acquisitions in the future. However, we currently have
no present agreements or commitments for any such acquisitions.

This expected use of the net
proceeds from this Offering represents our intentions based upon our current plans and business conditions. Our management will have discretion
in allocating the net proceeds in accordance with the above priorities and purposes. The amounts and timing of our actual expenditures
will depend upon numerous factors, including the progress of our expansion and development efforts, whether or not we enter into strategic
transactions, our general operating costs and expenditures, and the changing needs of our business.

Each 10% ($0.14) increase (decrease)
in the assumed public offering price of $1.36 per Ordinary Unit, which is the closing price of our Ordinary Shares on Nasdaq on May 19,
2025, would increase (decrease) the net proceeds to us from this