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

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 25
---
 mutual investigatory and other assistance
and exchange of information between securities regulators around the world, including the SEC. This is also reflected in section 186
of the Securities and Futures Ordinance (“ SFO”), which empowers the SFC to exercise its investigatory powers to obtain information
and documents requested by non-Hong Kong regulators, and section 378 of the SFO, which allows the SFC to share confidential information
and documents in its possession with such regulators. However, there is no assurance that such cooperation will materialize or, if it
does, whether it will adequately address any efforts to investigate or collect evidence to the extent that may be sought by U. S. regulators.

Adverse regulatory developments
in China may subject us to additional regulatory review, and additional disclosure requirements and regulatory scrutiny to be adopted
by the SEC in response to risks related to recent regulatory developments in China may impose additional compliance requirements for
companies like us with Hong Kong-based operations, all of which could increase our compliance costs and subject us to additional disclosure
requirements.

Currently, Hong Kong
has a separate legal system from mainland China, and it has its legislative framework and judiciary independent of that of the PRC government.
Nonetheless, the recent regulatory developments in China, in particular with respect to restrictions on China-based companies raising
capital offshore, may lead to additional regulatory review in China over our financing and capital-raising activities in the United States.
In addition, we may be subject to industry-wide regulations that may be adopted by the relevant PRC authorities, which may have the effect
of limiting our service offerings, restricting the scope of our operations in Hong Kong, or causing the suspension or termination of
our business operations in Hong Kong entirely. We may have to adjust, modify, or completely change our business operations in response
to adverse regulatory changes or policy developments, and we cannot assure you that any remedial action adopted by us can be completed
in a timely, cost efficient, or liability-free manner or at all.

  17  

  Table of Contents  

On July 30, 2021,
in response to the recent regulatory developments in China and actions adopted by the PRC government, the Chairman of the SEC issued
a statement asking the SEC staff to seek additional disclosures from offshore issuers associated with PRC-based operating companies (including
Hong Kong) before their registration statements will be declared effective. On August 1, 2021, the CSRC issued a statement saying that
it had taken note of the new