Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 99

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 99
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 for expected credit loss                                                               44,765                    6,936  
  Others                                                                                           43,087                   82,866  
                                                                   $                              758,726      $         1,079,349  

Our general and administrative
expenses mainly represented staff costs, audit fees, traveling expenses, depreciation charge, amortization of right-of-use assets, legal
and professional fees, allowance for expected credit loss and other administrative expenses. Our general and administrative expenses
increased by $320,623, or 42.3%, from $758,726 for the year ended September 30, 2023 to $1,079,349 for the year ended September 30, 2024,
mainly due to increase in travel expenses and legal and professional fees.

Our audit fees mainly
represent annual audit fees incurred by the Company and its subsidiary. Audit fees increased by $18,589, or 10.8%, from $171,667 for
the year ended September 30, 2023 to $190,256 for the year ended September 30, 2024. This was mainly due to the professional services
fees on the audit related consent incurred for the year ended September 30, 2024.

Our staff costs mainly
represent staff salaries, contribution to staff retirement benefits and staff welfare for office staff and director. Staff costs decreased
by $19,671, or 5.3%, from $370,826 for the year ended September 30, 2023 to $351,155 for the year ended September 30, 2024. This was
mainly due to the reduction in the one-off discretionary bonus and the decrease in the director’s salary upon listing. This decline
was partially offset by increases in the salaries of other employees and the independent directors of the Company.

Our travel expenses
increased by $146,964, or 326.2%, from $45,056 for the year ended September 30, 2023 to $192,020 for the year ended September 30, 2024
mainly due to increase in travelling activities in 2024 comparing to the prior year, in order to maintain better business relationship
and investor relationship for the Listing.

Our legal and professional
fees increased by $158,937, or 489.2%, from $32,491 for the year ended September 30, 2023 to $191,428 for the year ended September 30,
2024, mainly due