Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 28

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 28
---
, for the operation and expansion of our business and do not anticipate declaring or paying
any dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our
board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business
prospects and other factors the board of directors deems relevant, and subject to the restrictions contained in any future financing instruments.

If we determine to pay dividends
on any of our Ordinary Shares in the future, as a holding company, we will be dependent on receipt of funds from our subsidiaries by way
of dividend payments. Subject to due corporate authorization in accordance with the Memorandum and Articles of Association of Globavend
Holdings and Globavend Holdings being solvent and able to pay its debts, Globavend Holdings is permitted under the laws of Cayman Islands
and its Memorandum and Articles of Association (as amended from time to time) to provide funding to its subsidiaries through loans or
capital contributions. Our HK Subsidiaries are permitted under the laws of Hong Kong to provide funding to Globavend Holdings through
dividend distributions subject to certain statutory requirements of having sufficient profits.

Subject to Hong Kong law,
the Companies Act and our Memorandum and Articles of Association, our Company in general meeting may declare dividends in any currency,
but no dividends shall be declared in excess of the amount recommended by our board of directors. Subject to a solvency test, as prescribed
in the Companies Act, and the provisions, if any, of the company’s memorandum and articles of association, a company may pay dividends
and distributions out of its share premium account. In addition, dividends may be paid out of profits available on a company level. The
Cayman Islands does not impose a withholding tax on payments of dividends to shareholders in the Cayman Islands.

Under Hong Kong law, dividends
could only be paid out of distributable profits (that is, accumulated realized profits less accumulated realized losses) or other distributable
reserves, as permitted under Hong Kong law. Dividends cannot be paid out of share capital. There are no restrictions or limitation
under the laws of Hong Kong imposed on the conversion of HK dollar into foreign currencies and the remittance of currencies out of
Hong Kong, nor is there any restriction on foreign exchange to transfer cash between Globavend Holdings and its subsidiaries, across
borders and to U.S. investors, nor are there any restrictions and limitations to distribute earnings from our