Company: GVH
Filing Date: 2025-05-23
Form Type: F-1
Source: 0001213900-25-046965
Chunk: 71

Company: Globavend Holdings Ltd
Filing Date: 2025-05-23
Form: F-1
Chunk 71
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 to a solvency test, as prescribed in the Companies Act, and the provisions, if any, of our Memorandum and Articles of Association, a company may pay dividends and distributions out of its share premium account. In addition, dividends may be paid out of profits available on company level. We are a holding company incorporated in the Cayman Islands with no operating revenue or profit of our own. We rely on dividends paid to us by our subsidiaries for our cash requirements, including funds to pay any dividends and other cash distributions to our shareholders, service any debt we may incur, and pay our operating expenses. Our ability to pay dividends to our shareholders will depend on, among other things, the availability of dividends from our subsidiaries. According to the BVI Business Companies Act (as amended), a BVI company may make dividends distribution to the extent that immediately after the distribution, the value of the company’s assets exceeds its liabilities and that such company is able to pay its debts as they fall due. According to the Companies Ordinance of Hong Kong, a Hong Kong company may only make a distribution out of profits available for distribution. Under the current practice of the Inland Revenue Department of Hong Kong, no tax is payable in Hong Kong with respect to dividends paid by us. Cash dividends, if any, on our Ordinary Shares will be paid in U.S. dollars. 36

CAPITALIZATION The following table sets forth our cash and cash equivalents, debt and capitalization as of September 30, 2024: •on an actual basis; •on a pro -formabasis to give effect to the sale of 47,776 Ordinary Shares to Square Gate Master Fund, LLC — Series 1 as true -upshares on November7, 2024, pursuant to the Registration Statement on Form F -1(File No. 333 -280554); and •on a pro -formaas adjusted basis to give effect to the above and the issuance of all 16,176,471 Ordinary Units in this Offering at an assumed public offering price of $1.36 per Ordinary Unit, which is the closing price of our Ordinary Shares on Nasdaq on May19, 2025, assuming no sales of Pre -FundedUnits and no exercise of the Warrants issued in connection with this Offering, after deducting Placement Agent’s fees, non -accountableexpense allowance and estimated offering expenses payable by us, as set forth in this prospectus. You should read the following table in conjunction with the sections entitled “Use of Proceeds