Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 163

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 163
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. Holder establishes a basis for exemption.
Backup withholding may apply to amounts subject to reporting if the holder (i) fails to provide an accurate U. S. taxpayer identification
number or otherwise establish a basis for exemption, or (ii) is described in certain other categories of persons. However, U. S. Holders
that are corporations generally are excluded from these information reporting and backup withholding tax rules.

Backup withholding
is not an additional tax. Any amounts withheld under the backup withholding rules generally will be allowed as a refund or a credit against
a U. S. Holder’s U. S. federal income tax liability if the required information is furnished by the U. S. Holder on a timely basis
to the IRS.

U. S. Holders should
consult their own tax advisors regarding the backup withholding tax and information reporting rules.

  Dividends          

Not applicable.

  97  

  Table of Contents  

  Statement   

Not applicable.

  Documents   

We previously filed
a registration statement on Form F-1 (Registration No. 333-274166) with the SEC to register the issuance and sale of our Ordinary Shares
in our initial public offering. We also filed a registration statement on Form F-1 (Registration No. 333-280554) with the SEC to register
for resale of the ELOC Shares.

We are subject to
periodic reporting and other informational requirements of the Exchange Act as applicable to foreign private issuers and are required
to file reports and other information with the SEC. Specifically, we are required to file annually an annual report on Form 20-F within
four months after the end of each fiscal year, which is September 30.

All information filed
with the SEC can be obtained over the internet at the SEC’s website at www. sec. gov. As a foreign private issuer, we are
exempt from the rules under the Exchange Act prescribing the furnishing and content of quarterly reports and proxy statements, and officers,
directors and principal shareholders are exempt from the reporting and short-swing profit recovery provisions contained in Section 16
of the Exchange Act.

  Subsidiary   

Not applicable.

  Annual                      

Not applicable.

ITEM 11. QUANTITATIVE
AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Credit Risk

On October 1, 2020,
we adopted ASC 326. We estimate expected credit losses over the contractual period in which the Company is exposed to credit risk via
a contractual