Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 13

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 13
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RC cybersecurity laws and regulations.
If the Revised Review Measures are adopted into law in the future and if any of our HK Subsidiaries is deemed to be an “operator
of critical information infrastructure” or a “data processor” controlling personal information of no less than one
million users, the operation of our subsidiaries and the listing of our Ordinary Shares in the U.S. could be subject to CAC’s cybersecurity
review.

We
have been advised by our Hong Kong counsel, that based on their understanding of the current Hong Kong laws, as of the date of this prospectus,
the Company and its HK Subsidiaries are not required to obtain any permissions or approvals from Hong Kong authorities before
listing in the U.S. and issuing our Ordinary Shares to foreign investors. No such permissions or approvals have been applied for by the
Company and/or its subsidiaries or denied by any relevant authorities. As of the date of this prospectus, neither of our HK Subsidiaries
requires any requisite permissions or approvals from the Hong Kong authorities to operate its respective businesses. Each
of our HK Subsidiaries has received all requisite permissions or approvals from the Hong Kong authorities to operate its respective
businesses in Hong Kong, including but not limited to its respective business registration certificates. However, we have
been advised by our Hong Kong counsel that uncertainties still exist, due to the possibility that laws, regulations, or policies in Hong
Kong could change rapidly in the future.

Based
on Management’s internal assessment that the Company and its subsidiaries currently have no material operations in the PRC, Management
understands that as of the date of this prospectus, the Company is not required to obtain any permissions or approvals from PRC authorities
before listing in the U.S. and issuing our Ordinary Shares to foreign investors, including the CAC or the CSRC because (i) the CSRC currently
has not issued any definitive rule or interpretation concerning whether offerings like ours under this prospectus are subject to this
regulation; and (ii) the Company operates in Hong Kong and is not included in the categories of industries and companies whose foreign
securities offerings are subject to review by the CSRC or the CAC. We also understand that neither of our HK Subsidiaries is required
to obtain any permissions or approvals from any Chinese authorities to operate its respective businesses as of the date of this
prospectus. No permissions or approvals have been applied for by the Company or denied by any relevant authorities.

In addition