Company: GVH
Filing Date: 2025-06-27
Form Type: 424B4
Source: 0001213900-25-058674
Chunk: 49

Company: Globavend Holdings Ltd
Filing Date: 2025-06-27
Form: 424B4
Chunk 49
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, our independent registered public accounting firm, after conducting its own independent testing,
may issue a report that is qualified if it is not satisfied with our internal controls or the level at which our controls are documented,
designed, operated or reviewed, or if it interprets the relevant requirements differently from us. In addition, our reporting obligations
as a public company may place a significant strain on our management, operational and financial resources and systems for the foreseeable
future. We may be unable to timely complete our evaluation testing and any required remediation. Our independent registered public accounting
firm has not conducted an audit of our internal control over financial reporting. In the course of management’s preparation and
our independent registered public accounting firm’s auditing our consolidated financial statements for the year ended September 30,
2024, we have identified a material weakness in our internal control over financial reporting. As defined in the standards established
by the PCAOB, a “material weakness” is a deficiency, or a combination of deficiencies, in internal control over financial
reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will
not be prevented or detected on a timely basis.

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The material weakness identified
relates to the lack of sufficient competent financial reporting and accounting personnel with appropriate understanding of U.S. GAAP
and SEC rules and regulations to address complex technical accounting issues and SEC reporting requirements. To remedy the identified
material weaknesses, we have implemented and will continue to implement several measures to improve our internal control over financial
reporting, including: (i) recruiting additional employees and external consultants with extensive knowledge of U.S. GAAP and
SEC financial reporting requirements within our finance and accounting department; (ii) setting up a comprehensive accounting policy,
checklists, and procedure manual in accordance with U.S. GAAP and SEC financial reporting requirements; (iii) implementing new
closing and reporting procedures to ensure the accuracy and adequacy of financial data for the preparation of financial statements; (iv) conducting
regular and continuous U.S. GAAP training programs and webinars for our financial reporting and accounting personnel; (v) improving
financial oversight function for handling complex accounting issues under U.S. GAAP; and (vi) continuously developing and enhancing
our internal audit function for the financial reporting matters. However, we cannot assure you that these measures may fully address the
material weakness in our internal control over financial reporting or that we may not identify additional material weaknesses or significant