Company: GVH
Filing Date: 2025-06-27
Form Type: 424B4
Source: 0001213900-25-058674
Chunk: 37

Company: Globavend Holdings Ltd
Filing Date: 2025-06-27
Form: 424B4
Chunk 37
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 to the determinations announced by the PCAOB on December 16, 2021 in mainland China or Hong Kong because of a
position taken by one or more authorities in the PRC or Hong Kong.

On August 26, 2022, the
SEC issued a statement announcing that the PCAOB signed a Statement of Protocol with the CSRC and the Ministry of Finance of the PRC,
governing inspections and investigations of audit firms based in mainland China and Hong Kong. Pursuant to the Statement of Protocol,
the PCAOB has independent discretion to select any issuer audits for inspection or investigation and has unfettered ability to transfer
information to the SEC. According to the PCAOB, its December 2021 determinations under the HFCA Act remain in effect.

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On December 15, 2022, the PCAOB Board determined that the PCAOB was able to secure complete access to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong and voted to vacate its previous determinations to the contrary. However, should PRC authorities obstruct or otherwise fail to facilitate the PCAOB’s access in the future, the PCAOB Board will consider the need to issue a new determination. On December 29, 2022, the CAA was signed into law by President Biden. The CAA contained, among other things, an identical provision to the AHFCAA, which reduces the number of consecutive non-inspection years required for triggering the prohibitions under the HFCA Act from three years to two. Implications of Being a Controlled Company We are a “controlled company” as defined under the Nasdaq Stock Market Rules because, as of the date of this prospectus, our Controlling Shareholder owns approximately 76.4% of our total issued and outstanding Shares, representing approximately 76.4% of the total voting power. As a result, we may rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies. For so long as we are a controlled company under that definition, we are permitted to elect to rely, and may rely, on certain exemptions from corporate governance rules, including:

| ● | an exemption from the rule that a majority of our board of 
 directors must be independent directors;                   |

| ● | an exemption from the rule that the compensation of our chief                            
 executive officer must be determined or recommended solely by independent directors; and |

| ● | an exemption from the rule that our director nominees must  
 be selected