Company: GVH
Filing Date: 2025-10-01
Form Type: F-3
Source: 0001213900-25-094769
Chunk: 47

Company: Globavend Holdings Ltd
Filing Date: 2025-10-01
Form: F-3
Chunk 47
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 Ordinary Shares.

We are a public company in
the United States subject to the Sarbanes-Oxley Act. Section 404 of the Sarbanes-Oxley Act requires that we include a report
of management on our internal control over financial reporting in our annual report on Form 20-F. Our management may conclude
that our internal control over financial reporting is not effective. Moreover, even if our management concludes that our internal control
over financial reporting is effective, our independent registered public accounting firm, after conducting its own independent testing,
may issue a report that is qualified if it is not satisfied with our internal controls or the level at which our controls are documented,
designed, operated or reviewed, or if it interprets the relevant requirements differently from us. In addition, our reporting obligations
as a public company may place a significant strain on our management, operational and financial resources and systems for the foreseeable
future. We may be unable to timely complete our evaluation testing and any required remediation. Our independent registered public accounting
firm has not conducted an audit of our internal control over financial reporting. In the course of management’s preparation and
our independent registered public accounting firm’s auditing our consolidated financial statements for the year ended September 30,
2024, we have identified a material weakness in our internal control over financial reporting. As defined in the standards established
by the PCAOB, a “material weakness” is a deficiency, or a combination of deficiencies, in internal control over financial
reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will
not be prevented or detected on a timely basis.

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The material weakness identified
relates to the lack of sufficient competent financial reporting and accounting personnel with appropriate understanding of accounting
principles generally accepted in the United States (“U.S. GAAP”) and SEC rules and regulations to address complex
technical accounting issues and SEC reporting requirements. To remedy the identified material weaknesses, we have implemented and will
continue to implement several measures to improve our internal control over financial reporting, including: (i) recruiting additional
employees and external consultants with extensive knowledge of U.S. GAAP and SEC financial reporting requirements within our finance
and accounting department; (ii) setting up a comprehensive accounting policy, checklists, and procedure manual in accordance with
U.S. GAAP and SEC financial reporting requirements; (iii) implementing new closing and reporting procedures to ensure the accuracy
and adequacy of