Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 41

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 41
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. This would, in turn, adversely affect the operations and profitability of our business.

Changes in international trade
policies, trade disputes, barriers to trade, or the emergence of a trade war may dampen growth in Hong Kong, where the majority of our
customers reside.

Political events,
international trade disputes, and other business interruptions could harm or disrupt international commerce and the global economy, and
they could have a material adverse effect on us and our customers, our service providers, and our other partners. International trade
disputes could result in tariffs and other protectionist measures that may materially and adversely affect our business.

Tariffs could increase
the cost of the services and products, which could affect customers’ investment decisions. In addition, political uncertainty surrounding
international trade disputes and the potential of their escalation to a trade war and global recession could have a negative effect on
customer confidence, which could materially and adversely affect our business. We also may have access to fewer business opportunities,
and our operations may be negatively impacted as a result. In addition, the current and future actions or escalations by either the United
States or China that affect trade relations may cause global economic turmoil and potentially have a negative impact on our markets,
our business, or our results of operations, as well as the financial condition of our clients, and we cannot provide any assurances as
to whether such actions will occur or the form that they may take.

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  Table of Contents  

The future of Hong Kong’s
position as a major air cargo hub in Asia is uncertain.

Our operations are
solely located in Hong Kong, which serves as a critical hub for air cargo transportation in Asia. The high demand for cargo space on
outbound routes from Hong Kong to other destinations is a significant advantage to our business. However, there can be no assurance that
Hong Kong will continue to maintain its position as a transportation hub in the future. Hong Kong faces strong competition from other
rival air cargo hubs. Shanghai shares the same cargo catchment area in the Pearl River Delta region, while Singapore shares the same
positioning as a regional hub for intra-Asia trade and as a logistics center. In the event that Hong Kong loses its position as a transportation
hub in Asia, the demand for freight forwarding services and ancillary logistics services and the overall business activities of the industries
and, thus, our business may be adversely affected.

Risks Related to Our Ordinary Shares

We have received a deficiency letter
from Nasdaq relating to our