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

Company: Globavend Holdings Ltd
Filing Date: 2025-10-01
Form: F-3
Chunk 10
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 administrations jointly issued the
revised Measures for Cybersecurity Review (the “Revised Review Measures”), which became effective and replaced the existing
Measures for Cybersecurity Review on February 15, 2022. According to the Revised Review Measures, if an “online platform operator”
that is in possession of personal data of more than one million users intends to list in a foreign country, it must apply for a cybersecurity
review. Based on a set of Q&A published on the official website of the State Cipher Code Administration in connection with the issuance
of the Revised Review Measures, an official of the said administration indicated that an online platform operator should apply for a cybersecurity
review prior to the submission of its listing application with non-PRC securities regulators. Moreover, the CAC released the draft of
the Regulations on Network Data Security Management in November 2021 for public consultation, which among other things, stipulates
that a data processor listed overseas must conduct an annual data security review by itself or by engaging a data security service provider
and submit the annual data security review report for a given year to the municipal cybersecurity department before January 31 of
the following year. Given the recency of the issuance of the Revised Review Measures and their pending effectiveness, there is a general
lack of guidance and substantial uncertainties exist with respect to their interpretation and implementation. It remains unclear whether
a Hong Kong company which collects personal information from PRC individuals shall be subject to the Revised Review Measures. We
do not currently expect the Revised Review Measures to have an impact on our business, our operations or an offering under this prospectus
as we do not believe that any of our HK Subsidiaries nor our PRC Subsidiary would be deemed to be an “operator of critical information
infrastructure” or a “data processor” controlling personal information of no less than one million users that would
be required to file for cybersecurity review before listing in the United States, because (i) each of our HK Subsidiaries is organized
and operating in Hong Kong and the Revised Review Measures remains unclear whether it shall be applied to Hong Kong companies;
(ii) each of our HK Subsidiaries operates without any subsidiary or VIE structure in China; (iii) as of date of this prospectus,
neither of our HK Subsidiaries has collected nor stored personal information of any PRC individual clients, which also make up far less
than one million users; (iv) as of the date of this prospect