Company: GVH
Filing Date: 2025-06-27
Form Type: 424B4
Source: 0001213900-25-058674
Chunk: 107

Company: Globavend Holdings Ltd
Filing Date: 2025-06-27
Form: 424B4
Chunk 107
---
 After the deemed sale
election, the U.S. Holder’s Ordinary Shares would not be treated as shares of a PFIC unless we subsequently become a PFIC.

If we are a PFIC for any taxable
year during which a U.S. Holder holds our Ordinary Shares and one of our non-U.S. subsidiaries is also a PFIC (i.e., a lower-tier
PFIC), such U.S. Holder would be treated as owning a proportionate amount (by value) of the shares of the lower-tier PFIC and would
be taxed under the PFIC excess distribution regime on distributions by the lower-tier PFIC and on gain from the disposition of shares
of the lower-tier PFIC even though such U.S. Holder would not receive the proceeds of those distributions or dispositions. Any of
our non-U.S. subsidiaries that have elected to be disregarded as entities separate from us or as partnerships for U.S. federal
income tax purposes would not be corporations under U.S. federal income tax law and, accordingly, cannot be classified as lower-tier
PFICs. However, non-U.S. subsidiaries that have not made the election may be classified as a lower-tier PFIC if we are a PFIC during
your holding period and the subsidiary meets the PFIC income test or PFIC asset test. Each U.S. Holder is advised to consult its
tax advisors regarding the application of the PFIC rules to any of our non-U.S. subsidiaries.

If we are a PFIC, a U.S. Holder
will not be subject to tax under the PFIC excess distribution regime on distributions or gains recognized on our Ordinary Shares if a
valid “mark-to-market” election is made by the U.S. Holder for our Ordinary Shares. An electing U.S. Holder generally
would take into account, as ordinary income each year, the excess of the fair market value of our Ordinary Shares held at the end of such
taxable year over the adjusted tax basis of such Ordinary Shares. The U.S. Holder would also take into account, as an ordinary loss
each year, the excess of the adjusted tax basis of such Ordinary Shares over their fair market value at the end of the taxable year, but
only to the extent of the excess of amounts previously included in income over ordinary losses deducted as a result of the mark-to-market
election. The U.S. Holder’s tax basis in our Ordinary Shares would be adjusted to reflect any income or loss recognized as
a result of the mark-to