Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 24

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 24
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 internal rules (some of which are not published in a timely manner or
at all) that may have a retroactive effect. As a result, we may not be aware of our violation of these policies and rules until sometime
after the violation. Such uncertainties, including uncertainty over the scope and effect of our contractual, property (including intellectual
property), and procedural rights, could materially and adversely affect our business and impede our ability to continue our operations.

It may be difficult for overseas
regulators to conduct investigations or collect evidence within the territory of China, including Hong Kong.

Shareholder claims
or regulatory investigations that are common in the United States generally are difficult to pursue as a matter of law or practicality
in China. For example, in China, there are significant legal and other obstacles to providing information needed for regulatory investigations
or litigation initiated outside China. Although the authorities in China may establish a regulatory cooperation mechanism with the securities
regulatory authorities of another country or region to implement cross-border supervision and administration, such cooperation with the
securities regulatory authorities in the United States may not be efficient in the absence of mutual and practicable cooperation mechanism.
Furthermore, according to Article 177 of the PRC Securities Law, or Article 177, which became effective in March 2020, no overseas securities
regulator is allowed to directly conduct investigations or evidence collection activities within mainland China. While detailed interpretation
of or implementation rules under Article 177 have yet to be promulgated, the inability for an overseas securities regulator to directly
conduct investigations or evidence collection activities within mainland China may further increase difficulties faced by you in protecting
your interests.

In the event that
U. S. regulators carry out an investigation on us and there is a need to conduct such investigation, or collect evidence in mainland China,
U. S. regulators may not be able to carry out such investigation or evidence collection directly in mainland China under the PRC laws.
U. S. regulators may, in the future, consider cross-border cooperation with a securities regulatory authority of the PRC by way of judicial
assistance, diplomatic channels, or a regulatory cooperation mechanism established with the securities regulatory authority of the PRC.

Our principal business
operations are conducted in Hong Kong. Hong Kong has a legal system separate from mainland China. Our Hong Kong counsel advised that
the Securities and Futures Commission of Hong Kong (“ SFC”) is a signatory to the International Organization of Securities
Commissions Multilateral Memorandum of Understanding (“ MMOU”), which provides for