Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 12

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 12
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 direct or indirect overseas issuance of listed and traded securities by “domestic
enterprises.” The Draft Administrative Provisions specify that the CSRC has regulatory authority over the “overseas securities
offering and listing by domestic enterprises”, and requires “domestic enterprises” to complete filing procedures with
the CSRC if they wish to list overseas. On February 17, 2023, the CSRC released the Trial Measures for Administration of Overseas
Securities Offerings and Listings by Domestic Companies and five interpretive guidelines (collectively, the “CSRC Filing Rules”).
According to the CSRC Filing Rules, domestic companies that seek to offer or list securities overseas, both directly and indirectly, should
fulfill the filing procedures and report relevant information to the CSRC; any failure to comply with such filling procedures may result
in administrative penalties, such as an order to rectify, warnings, and fines. On April 2, 2022, the CSRC published the Draft Archives
Rules, for public comment. These rules state that in the overseas listing activities of domestic companies, domestic companies, as well
as securities companies and securities service institutions providing relevant securities services thereof, should establish a sound system
of confidentiality and archival work and shall not disclose state secrets or harm the state and public interests.

Under the CSRC Filing Rules,
Chinese domestic companies conducting overseas securities offerings and listing activities, either in direct or indirect form, shall complete
filing procedures with the CSRC pursuant to the requirements of the CSRC Filing Rules within three working days following their submission
of initial public offerings or listing application.

Management understands that
as of the date of this prospectus neither of its HK Subsidiaries has any operations in China and thus is not required to complete filing
procedures with the CSRC pursuant to the requirements of the CSRC Filing Rules. While its HK Subsidiaries have no current operations in
China, should we have any future operations in China and should we (i) fail to receive or maintain such permissions or approvals,
(ii) inadvertently conclude that such permissions or approvals are not required, or (iii) applicable laws, regulations, or interpretations
change and require us to obtain such permissions or approvals in the future, we may face sanctions by the CSRC, the CAC or other PRC regulatory
agencies. These regulatory agencies may also impose fines and penalties on our operations in China, limit our ability to pay dividends
outside of China, limit our operations in