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

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 20
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 little advance notice, including cracking down on illegal activities in the securities market, enhancing supervision over
China-based companies listed overseas using a VIE structure, adopting new measures to extend the scope of cybersecurity reviews, and
expanding the efforts in anti-monopoly enforcement. Since these statements and regulatory actions are new, it is highly uncertain how
soon the PRC legislative or administrative regulation-making bodies will respond or what existing or new laws or regulations or detailed
implementations and interpretations will be modified or promulgated, if any, or what the potential impact that any such modified or new
laws and regulations would have on our daily business operations and the ability to accept foreign investments and list on a U. S. or
other foreign exchange.

All of the legal and
operational risks associated with operating in the PRC also apply to our operations in Hong Kong. The PRC government may intervene or
influence our operations at any time and may exert more control over offerings conducted overseas and foreign investment in Hong Kong-based
issuers, which may result in a material change in our operations and/or the value of our Ordinary Shares. Any actions by the Chinese
government to exert more oversight and control over offerings that are conducted overseas and/or foreign investment in Hong Kong or China-based
issuers could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the
value of such securities to significantly decline or be worthless.

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For example, there
is currently no restriction or limitation under the laws of Hong Kong on the conversion of HK dollar into foreign currencies and the
transfer of currencies out of Hong Kong and the laws and regulations of the PRC on currency conversion control do not currently have
any material impact on the transfer of cash between the ultimate holding company and our Operating Subsidiary in Hong Kong. However,
the PRC government may, in the future, impose restrictions or limitations on our ability to move money out of Hong Kong to distribute
earnings and pay dividends to and from the other entities within our organization or to reinvest in our business outside of Hong Kong.
Such restrictions and limitations, if imposed in the future, may delay or hinder the expansion of our business to outside of Hong Kong
and may affect our ability to receive funds from our Operating Subsidiary in Hong Kong. The promulgation of new laws or regulations,
or the new interpretation of existing laws and regulations, in each case, that restrict or otherwise unfavorably impact our ability