Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 165

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 165
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 contract to reduce the risk of adverse foreign currency movements, but we
would closely monitor our exposure from foreign currency fluctuations. Foreign currency fluctuations had
a positive impact on net income for the years ended September 30, 2022, 2023 and 2024. For the years ended September 30, 2022,
2023 and 2024, the foreign exchange gains were $72,974, $118,508 and $156,937, respectively.

Liquidity Risk

Liquidity risk is
the risk that we will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering
cash or another financial asset. Our approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient
liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking
damage to our reputation.

Typically, we ensure
that it has sufficient cash on demand to meet expected operational expenses for a period of 60 days, including the servicing of financial
obligations; this excludes the potential impact of extreme circumstances that cannot reasonably be predicted, such as natural disasters.

ITEM 12. DESCRIPTION
OF SECURITIES OTHER THAN EQUITY SECURITIES

  Debt        

Not applicable.

  Warrants    

Not applicable.

  Other       

Not applicable.

  99  

  Table of Contents  

PART II