Company: GVH
Filing Date: 2025-10-01
Form Type: F-3
Source: 0001213900-25-094769
Chunk: 57

Company: Globavend Holdings Ltd
Filing Date: 2025-10-01
Form: F-3
Chunk 57
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 PFIC for any taxable year if either (i) at least 75% of its gross income for such year consists of certain types of “passive”
income, or (ii) at least 50% of the value of its assets (based on an average of the quarterly values of the assets) during such year
is attributable to assets that produce passive income or are held for the production of passive income (the “asset test”).
Based on our current and expected income and assets, we do not presently expect to be a PFIC for the current taxable year or the foreseeable
future. However, no assurance can be given in this regard because the determination of whether we are or will become a PFIC is a fact-intensive
inquiry made on an annual basis that depends, in part, upon the composition of our income and assets. In addition, there can be no assurance
that the Internal Revenue Service (“IRS”) will agree with our conclusion or that the IRS would not successfully challenge
our position. Fluctuations in the market price of our Ordinary Shares may cause us to become a PFIC for the current or subsequent taxable years
because the value of our assets for the purpose of the asset test may be determined by reference to the market price of our Ordinary Shares.
The composition of our income and assets may also be affected by how, and how quickly, we use our liquid assets and the cash raised in
our initial public offering in November 2023. If we were to be or become a PFIC for any taxable year during which a U.S. holder
holds our Ordinary Shares, certain adverse U.S. federal income tax consequences could apply to such U.S. holder.

We are an emerging growth company within the meaning of the Securities Act and may take advantage of certain reduced reporting requirements.

As a company with less than
US$1.235 billion in revenues for our last fiscal year, we qualify as an “emerging growth company” pursuant to the JOBS
Act. Therefore, we may take advantage of specified reduced reporting and other requirements that are otherwise applicable generally to
public companies. These provisions include exemption from the auditor attestation requirement under Section 404 of the Sarbanes-Oxley
Act of 2002, or Section 404, in the assessment of the emerging growth company’s internal control over financial reporting
and permission to delay adopting new or revised accounting standards until such time as those standards apply to private companies. As
a result, if we elect not to comply with such reporting