Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 110

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 110
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 added to the tax.

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If we are a PFIC for any year
during which a U.S. Holder holds our Ordinary Shares, we must generally continue to be treated as a PFIC by that holder for all succeeding years
during which the U.S. Holder holds such Ordinary Shares, unless we cease to meet the requirements for PFIC status and the U.S. Holder
makes a “deemed sale” election with respect to our Ordinary Shares. If the election is made, the U.S. Holder will be
deemed to sell our Ordinary Shares it holds at their fair market value on the last day of the last taxable year in which we qualified
as a PFIC, and any gain recognized from such deemed sale would be taxed under the PFIC excess distribution regime. After the deemed sale
election, the U.S. Holder’s Ordinary Shares would not be treated as shares of a PFIC unless we subsequently become a PFIC.

If we are a PFIC for any taxable
year during which a U.S. Holder holds our Ordinary Shares and one of our non-U.S. subsidiaries is also a PFIC (i.e., a lower-tier
PFIC), such U.S. Holder would be treated as owning a proportionate amount (by value) of the shares of the lower-tier PFIC and would
be taxed under the PFIC excess distribution regime on distributions by the lower-tier PFIC and on gain from the disposition of shares
of the lower-tier PFIC even though such U.S. Holder would not receive the proceeds of those distributions or dispositions. Any of
our non-U.S. subsidiaries that have elected to be disregarded as entities separate from us or as partnerships for U.S. federal
income tax purposes would not be corporations under U.S. federal income tax law and, accordingly, cannot be classified as lower-tier
PFICs. However, non-U.S. subsidiaries that have not made the election may be classified as a lower-tier PFIC if we are a PFIC during
your holding period and the subsidiary meets the PFIC income test or PFIC asset test. Each U.S. Holder is advised to consult its
tax advisors regarding the application of the PFIC rules to any of our non-U.S. subsidiaries.

If we are a PFIC, a U.S. Holder
will not be subject to tax under the PFIC excess distribution regime on distributions or gains recognized on our Ordinary Shares if a
valid “mark-to-market” election is